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Sentinel Chain (SENC) is a blockchain-based platform that seeks to bridge the gap between financial inclusion and the unbanked. It is a unique project, as it is the first to use blockchain technology to facilitate cross-border financial transactions between the unbanked and the formal financial sector.
The Sentinel Chain project is powered by the SENC token, an ERC-20 token built on the Ethereum blockchain. The SENC token is the native currency of the Sentinel Chain platform, and it is used to facilitate payments, store value, and act as a medium of exchange within the platform.
The Sentinel Chain platform is designed to allow the unbanked to access financial services, such as loans, insurance, and remittances, without the need for a bank account. The platform also enables the unbanked to use their assets, such as livestock, as collateral to access financial services.
The Sentinel Chain platform is powered by a Proof-of-Stake (PoS) consensus mechanism, which is designed to be more energy-efficient and secure than the traditional Proof-of-Work (PoW) consensus mechanism used by Bitcoin and other cryptocurrencies.
The Sentinel Chain platform also includes a marketplace, which allows users to buy and sell goods and services using the SENC token. The marketplace is designed to be secure and transparent, and it is powered by smart contracts.
The Sentinel Chain project is led by a team of experienced professionals, including a former executive from the World Bank, a former executive from the International Finance Corporation, and a former executive from the United Nations.
The Sentinel Chain project has also partnered with a number of organizations, including the United Nations, the International Finance Corporation, and the World Bank. The project has also received funding from the Singaporean government.
The Sentinel Chain project is an ambitious project that seeks to revolutionize the way the unbanked access financial services. The platform is designed to be secure, transparent, and efficient, and it is powered by the SENC token. If successful, the project could have a major impact on the global financial system and could help to bridge the gap between the unbanked and the formal financial sector.