SINTEZ-Global Digital Economy

SINTEZ

The era of the Global Digital Economy (GDE) on the verge of humanity. Synthesis of new technologies for distributed computing, new ideas and a new worldview creates a world of the future. SINTEZ - We synthesize the future!

INTRODUCTION
SINTEZ is a breakthrough decentralized blockchain platform for the economy of the future that combines traditional and innovative mechanisms of building economic relations with up-to-date methods of security promotion.
Our mission is the synthesis of maximum convenience, security, quality, efficiency, and performance of the new generation and, as a consequence, of the GDE’s new level of development. SINTEZ is the synthesis of the economy's future!

What do we do?
The modern economy is a complicated and cumbersome set of relations of manufacturing, exchanging, and consuming of goods, services, finances, and financial instruments. The key elements of an open economy are banks and management companies, exchanges, goods and services markets of the real economy, and also their producers. In addition to that, the governments carry on business operations that are partially secluded but extensive. Most of the said organizations are regulated in a centralized, nontransparent, bulky manner, have a variety of risks and huge interaction costs that are borne by the users. These fundamental elements are what we focus on when creating a GDE platform, SINTEZ.

The SINTEZ economy and SINT tokens.
The SINTEZ economy is based on SINT tokens. All the charges of the service (and of third-party participants providing the platform’s work) will be paid in them. The accumulated funds will be distributed among SINT holders from time to time. That is, the entire platform is an analogue of a miner with a POS mechanism. SINT holders will be able to vote for SINTEZ‘s parameters of work and its development, to set the fees and, in the long run, to regulate the entire economy in such a democratic way. SINT holders will be able to use the tokens to pay for all SINTEZ’s services, and also to earn a profit due to:
- initial growth of the price after the start of trading at the exchange
- long-term growth of the price for tokens
- receiving additional tokens distributed via the POS and POV mechanisms (read more about the distribution in the “The Benefit of SINT Token Holders” section)
- New Year gifts for long-term investors!

1.4 SINTEZ’s structure of data.
SINTEZ’s database is formed in a transparent way with the aid of unified inter-enclosed “forums”. Forums are elements of information exchange among two and more participants of the system, and also between the users and the system itself. After communication of humans with one another, or of a human and the system, the results of such communication are saved into the database that is based on a system for decentralized storage of data (common database). All the information for verification and smart contracts will also be stored on the blockchain. Besides, the users themselves can save any information from the common database on the blockchain if required, with the aid of a simple option in the interface. After that, anyone can restore the open history and obtain the summarized information on the numerical data if they were present in the exchange.

1.5 Security.
SINTEZ is not owned by any private person or a company. All the information is stored in an encrypted and decentralized form (and the key information is stored on the blockchain), and checked by way of exchange between different nodes, which ensures additional security for SINTEZ and the GDE. The combination of information security achieved due to encryption and decentralization, and economic security achieved by means of implementing the original innovative economic mechanisms described below, leads up to the second global goal: synthesis of security for the economy of the future.

1.6 Integration.
One of the priorities is to integrate all the complicated economic mechanisms and to manage them via a common simple interface that can be understood by anyone. The users will be able to efficiently perform complicated actions, such as selection of the optimal investment strategy, in just a few clicks, without the need to delve into the finer points of trading and the traders’ personalia. To preserve their money, one can simply purchase a secure currency, without exploring the question of the purchasing rates of exchange for dollars, euros, and yuans. And then they can purchase goods and services in the same currency, or use it for other purposes. We are going to make the preferences of managing one’s welfare, which are now available for wealthy people, absolutely available for everyone. SINTEZ will make it possible to remove a number of barriers between people, financial organizations and markets, countries and regions of the globe.

1.7 Key advantages.
Full value
SINTEZ comprises all the fundamental elements of the economy: the bank, investment management, the exchange, the market, and management of organizations and governmental authorities.
Synergy
The comprehensive opportunities for improvement of the platform elements’ work are implemented by means of their combination.
Convenience
A client-oriented interface allows for fulfilling all the needs in handling finances and assets in an optimum manner.
Quality
Operability, velocity, productivity, and maximum liquidity are achieved by way of combining the key economic entities.
Security
Decentralization, encryption, anonymity, transparency of operations, democratic management of the platform and of its development are an addition to the methods for ensuring the information security.

THE COIN AND THE COIN BANK
2.1 Backing as an indispensable aspect of money.
Some of the most important functions of money are saving and measurement of value. They are interrelated, because for saving to be efficient the value of the money being saved must be consistent, and for this purpose the value of one and the same unit of currency, which the value of other goods can be measured in, must be consistent. Different goods claimed the role of money during different periods of history, but we will not go into the history of this question here, we’ll only note that in the contemporary economy the functions of money are successfully performed by currencies backed by large economies and strong governments that have the possibility of maintain the stability of their currencies. It is the power of the economy, along with the government’s guarantees, that makes the modern fiat currencies money. Only such a 100% backing must be possessed by a global currency in the economy of the future.

 2.2 Bitcoin is not money.
Let’s imagine that you had taken out a loan in bitcoins for developing your business, and its exchange rate grew by 10 times in a year… it’s easy to guess that you will most probably go bankrupt. Or maybe you have decided to save your money in bitcoins in order to buy a car with it in a month? But in a month the rate can easily be down by half, and you won’t see your car. You can say farewell to the planned trip to your summerhouse…
In other words, bitcoin (the same as most cryptocurrencies), being backed by practically nothing except its infrastructure (the value of which changes quickly, and is difficult to assess in general), is not a money unit because it does not perform the fundamental functions of money. And it will never become money due to its nature. It can rather be classified as the equities of its system having the same name. Other cryptocurrencies and tokens that are more stable have critical weaknesses as well.

 2.3 A global digital currency: COIN.
But a global money unit is a vital necessity in the global economy, and therefore we are presenting the GDE’s foundation - COIN! A digital currency backed by the entire global economy and by the world’s most powerful states is a real money unit that can be used by all the economic entities without exception because on the one hand, they perform all the key functions of money, and on the other hand, they are maximally safe to use.

2.4 Backing.
By analogy with the SDR of the International Monetary Fund, we back Coin by a set of fiat currencies of the world’s stable economies in accordance with the weights of those economies (see Figure 1). The weights are determined as the GDP (gross domestic product) as measured by PPP (purchasing power parity), normalized to unity. Such an approach was chosen because the primary source of any goods’ value is the person or organization that consumes the goods. Therefore the gross product assessed in a consistent manner at common prices (by PPP) is the best way to assess the value of the economy that produces the product.

2.5 Emission and the Maker.
The Maker’s function is to guarantee buyback of coins in some time after they are purchased by the user, if necessary. The work of the Maker is provided for by a set of third-party participants who wish to invest in ether with leverage or to make money from a spread. The Maker’s mode of operations is the following:
- Buyers of coins conclude a SCC (Smart Contract Coin) smart contract with the Coin Bank.
- The Bank gives out coins to the buyer and automatically concludes a SCM_ask (SmartContractMaker_ask) smart contract with a Maker participant. Under this contract, the buyer’s funds and the Maker’s collateral are frozen. Each participant of the Maker can specify the amount of collateral they provide, and also the conditions they are ready to close the contract under. With consideration for these conditions, a closing order is issued.
- In case if, resulting from a change in the Coin’s price, the collateral goes below the minimum (the minimum collateral is established by the DAO contract by way of SINT holders’ vote), or the condition for closing the SCM_ask is met, the SCM_bid (SmartContractMaker_bid) smart contract inverse to SCM_ask is automatically fulfilled. The contract is concluded either with the seller of coins or with another participant of the Maker who wishes to conclude a SCM_ask contract. If the amounts of finances specified in the contracts do not match, the contracts can be fulfilled partially.
- If it turns out, after one of the next price recalculations, that the SCM_ask holder’s collateral is insufficient to cover the liabilities, their contract will be closed, and the remaining liabilities will be passed on to the next participants wishing to conclude a SCM_ask contract. This way, backing is guaranteed for coins even in case of strong instantaneous volatility of the markets. The amount of minimum collateral will be set at the level, at which such events will be extremely rare (no more than once a year) and will not pose a significant additional risk for the Maker’s participants.
To create initial liquidity, a primary participant of the Maker is created that will operate at the cost of funds attracted with the aid of ICO and hedge against risks at a third-party cryptocurrency exchange. After a big number of the Maker’s participants appear, the primary participant will only perform a supporting function.

SINTEZ ELEMENTS

We have made a client-oriented user interface that allows any person or enterprise to realize their needs for financial management in a convenient, effective and safe way; saving, investing, deposit / credit, trade. The key elements of SINTEZ are the fully decentralized stable digital currency - Coin, its stability provided by the global economy, and Smart Investing - a unique system for maximizing investment and asset management.

ROADMAP

ICO PHASE
Q4 2017

•     Team building

•     Research and Whitepaper

•     Creating a Project Site

•     Representation in social networks, blogging

•     Bounty

•     Marketing campaign

•     Negotiations with the exchanges on the launch of trading SINT tokens

•     Start ICO

COINBANK PHASE
Q1 2018

•     Creation of beta version of COINBANK

•     Connection to exchanges and banks

•     Technical and legal audit

•     The release of the first version of COIN and COINBANK

•     The creation of the oracle of the publishing weight of GDP and fiat prices

•     Creation of mobile applications for COINBANK

•     Creation of Forums

SINT PHASE
Q2 2018

•     Creation beta version of the Broker and connection to 3 large crypto-exchanges

•     The system of import of trade histories

•     Involvement of traders for tests

•     Creating a Beta version of Smart Investing (SINT)

•     Implementation and testing the node performance methods to solve the investor problem

•     Implementation and testing node protection methods

•     Technical and legal audit

•     Smart Investing Release

•     Completion of the functionality of COINBANK mobile application for Smart Investing

•     Targeted campaign to attract investors and traders to the system

 TRADE PHASE
Q3-Q4 2018

•     Connecting third-party markets

•     Creating a test version of the decentralized Exchange

•     Creating a test version of the decentralized Market

•     Testing the Auction for the Market

•     Technical and legal audit

•     Release of finished products

•     Connection of input and output of fiat in the COINBANK wallet

•     Integration of standard personal identification services

•     The function of the loan and deposit in COINBANK

•     Connecting liquidity providers

•     Creation of credit cards of COINBANK

•     Integration of SINT with investment platforms in the ICO and the classic assets

•     Targeted campaign to attract sellers and buyers to the Market

 ENTERPRISE PHASE
Q1-Q2 2019

•     Integration with external ERP platform

•     Creation of beta versions of elements of interaction with government portals

•     Technical and legal audit

•     Release of finished products

•     Creation of additional products of COINBANK

•     Creation of a network of oracles for COINBANK

•     The voting function for setting commissions for transactions in the system

•     The voting function for setting work parameters

•     The voting function for platform development projects

•     Global campaign to attract commercial and government organizations to use platform products

AI PHASE
Q3-Q4 2019

•     Development of a system of artificial intelligence for trading and Smart Investing

•     Connecting different data sources

•     Backtesting and Machine Learning

•     Release AI

 website : https://sintez.global/

whitepaper : https://sintez.global/sintez_whitepaper_eng.pdf

ANN Thread : https://bitcointalk.org/index.php?topic=2305454

profile bitcointalk : https://bitcointalk.org/index.php?action=profile;u=1184579;sa=summary

Eth Address : 0xa886F31d706CC107eF112D5A648820eBe075d104