Simba aims to be the most convenient and robust platform for storing bitcoins. Our solution is bringing security and efficiency benefits in long-term holding crypto assets, as it provides an institutional-grade security storage with easy-to-use interface and great level of privacy.

 Moreover, it provides a liquid stablecoin called Simba Stablecoin (SIMBA) that is pegged to satoshi and may be used for a variety of economic activities such as remittance, day-to-day payments, etc. As an implementation of the original Bitcoin software as an Ethereum Smart Contract, SIMBA combines advantages from both Bitcoin and Ethereum. The asset is permissionless and scarce just like Bitcoin which means it shares all of Bitcoin’s usecases and properties as a transparent and permanent digital record of value. However Simba Stablecoin has the speed and scalability of the Ethereum network and is compatible with all ERC-20 token services. This means it can be stored in any Ethereum wallet, is as secure as Ethereum, and can act as ‘the bitcoin’ for the Ethereum ecosystem. Also, Simba’s ecosystem will have an utility ERC-20 token named Simba Storage Token (SST) that would play a vital role for the growth of our community.
Our goal is to refine the processes across all the phases of storing crypto assets, bringing greater safety and efficiency to the custodial market and better serving the needs of our customers.

The most important and essential part of Simba’s platform is that it stores clients’ assets in the safest way. With our secure proprietary infrastructure, we support financial intermediaries with the implementation and development of the most reliable custody solution. Our solution will allow for highly configurable access to the stored digital assets with institutional-grade access control rules. The whole process of storing assets will be as following: Firstly, the client is going to register on the Simba platform and enter personal data to pass KYC according to the standard of the local regulator. This KYC procedure may be regarded as a backup for the user who has forgotten his authorization information and passwords. Moreover, all of selected countries are crypto-friendly, and their aim is to lower the taxes and build beneficial legal regulations for the businesses which are using blockchain.

Simba plans to launch its physical custodial vaults in four crypto-oriented countries in the first six months of its operation, leveraging on strategic partnerships between Simba and selected financial services partners all over the world. Our all-round team with huge expertise in innovations, technologies, and finance is ready to realize the plan.
Simba Storage Token will be a backbone of the Simba’s ecosystem. 100 million of SST will be distributed among early adopters of Simba Storage Service, crypto enthusiasts, most active users, strategic and infrastructure partners. Our team believes that there is no better way to organically build a community than to put tokens in the hands of as many users as possible during the launch of the project. We are planning to build a strong passionate community around our product. We hope that the feedback of the community could become a kind of democratic instrument in project traction and popularization as a product tailored for the users, and not for the founders alone. Thus, SST will be a core instrument for this mass adoption and incentivization. The Simba tokenomics that we design and set the rules for the Simba economic ecosystem clearly define where and when Simba Storage Token will be used. By using game theory and incentives, the use of SST will become desirable by all stakeholders of the ecosystem including users, traders, exchanges and third-party products/ services providers.