Soarcoin provides a use case for storing and processing digital transactions in a secure and providing instant transfer of value anywhere in the world, with no borders or limits in a transparent way. Every user with a Soarcoin wallet plays an important role in processing transactions on the decentralized, peer-to- peer network. Interest is earned by each participant and users stay in full control of their money.
There is only a fixed amount hence as the demand for Soarcoin rises, the value of each coin will rise. Also we will establish a merchant pilot program with retailers across South East Asia who is open to blockchain technology and also focusing on mobile payments and debit card powered by Soarcoin.
Soarcoin cannot be mined as it eliminates the requirement for hashing power and additional resources to be expanded while still securing the network. However there will be interest given out in the near future.
Soarcoin can be transferred anywhere in the world in less than 2 minutes. There are no banks to slow down the process or freeze the transfer. As Soarcoin has no actual physical location it is possible to transfer any amount, anywhere - with no limits, delays, or excessive fees.
Anytime And Anywhere with Internet connection
Soarcoin can be used 24/7, anytime, anywhere. You can also send and receive payments to individuals or businesses that are using different devices and software - just like sending an email.
Protect Your Identity
Using Soarcoin is more like using cash than a bank account. There are no account numbers and you don't have to share your information with a bank or building society. You can also set up multiple addresses to keep your record anonymous.
Using Soarcoin allows you to send and receive payments at very low rate compared to traditional online payments methods including Paypal, Western Union, Bank Transfers or Credit and Debit Card charges.
Protection Against Fraud
Any business accepting credit cards or PayPal has experienced the problem of payments that are later reversed. Chargeback fraud results in limited market reach and increased prices, which in turn penalises customers. Payments and transfers from Soarcoin are irreversible and secure, meaning that the cost of fraud is no longer passed onto the merchants.