What Is Six (SIX)?
The Six (SIX) network project concentrates on remaking the digital economy using smart contracts and blockchain to establish decentralized financial (DeFi) services while enhancing wallet-to-wallet exchanges. SIX aims to pursue a secure, transparent, efficient, and fair ecosystem for all the stakeholders in the economy of the digital world by delivering services such as Decentralized Finance, SIX Digital Asset wallets, Wallet-to-Wallet (W2W) Decentralized Commerce and more. As per the whitepaper, SIX Network creates economic infrastructure for all the stakeholders in the creative and digital supply chains.
By utilizing the SIX tokens, business workers acquire lower transaction costs and better financial liquidity. In contrast, businesses liquidize digital assets beneath various platforms via business tokens, including loyalty points, platform coins, and credit card points. The business tokens are transacted and exchanged among different platforms without mediators. In this regard, creators can drive from one platform to another. Audiences also function the exact way with lower switching costs than before. This pushes all creators to make more helpful content for significant audience engagement.
SIX tokens are native to the SIX Network. The business tokens authorize a nano-payments business standard like pay-per-view. For example, the streaming music platform charges consumers based on the time they listen in seconds. This nano-transactions model cannot be executed with today’s credit cards as the minimum payment processing cost is too high.
The SIX Network supports different types of internal tokens:
Credit tokens.
Point tokens (mileage, loyalty, credit card, reward).
Gift card tokens.
History of Six (SIX)
Vachara Aemavat, Natavudh Pungcharoenpong, Charkrid Thanhachartyothin, and Nisanart Thadabusapa cofounded the SIX Network (29). The founding team also includes Dr. Polapat Udomphol as the business development lead, Sangboon Sangmanee as the marketing/legal lead, and Watcharapong Photjaneenon as the operation lead (29,30).
In 2018, the SIX platform was officially launched. In the same year, SIX Network launched its wallet, and provided coin offering in a public sale.
