The cryptocurrency world has changed the whole understanding of the concept of crowdfunding and early investment. Just a few years ago, seed funding involved rigorous venture capitalist selection processes; Today, companies are raising tens of millions of dollars from barely more than on paper. The emergence of digital technology is definitely one of the most significant breakthroughs of the last decade.
This is a great time to collect money, but for investors it is associated with increased risk. An unrated token sale environment means that in case of improper management of funds, early investors have several legal options to apply for returning funds or affecting the company's business strategy.
That is why SmartContractChain creates a platform that will use the best of both worlds, giving entrepreneurs and creatives access to funds, while ensuring the safety of investors' money.
SmartContractChain will use not only the power of cryptocurrency to quickly allocate resources, but also use the logical and demonstrably transparent nature of intelligent contracts and distributed accounting technologies to ensure that operating profits will be attributed to investors in a verifiable, unchanging, stable and scalable Ethereum block chain .
The SmartContractChain platform solves the main tasks:
- Geographical restrictions. Not all nations are allowed to participate in platforms with a back entrance, and if the creator has his country or a country in the list of registered countries, they face an additional burden associated with finding investors from the country itself, since these platforms do not facilitate cross-border investments.
- Commissions and fees. Crowdfunding platforms are not cheap, as many platforms can charge up to 20% of the raised fund as their commission, which leaves creators with significantly less funds for their actual operational purposes.
- The history of unsuccessful projects . Due to the growing number of failed projects or projects that have not yet been able to prove their maturity and investment returns, investors and supporters are hesitant to invest in new projects listed on the platform.
- Reduced attention to PR. The budget or marketing strategy used in crowdfunding is not so much that it carries a message about the launch of potential investors. This prevents the free flow of investment, because investors do not have clarity on how large a project is or how much potential they have with the right funds to work.
Details of the ICO
Token SCC - designed specifically for the platform SmartContractChain, which serves as a means of payment for the full participation of users of all project instruments.
Token Symbol - SCC
Total token issued: 60,158,729 SCC
Hard Cap: 30 000 000 $
Soft Cap: 1 000 000 $
Public sale will begin October 15, 2018
Completion of the public sale - December 30, 2018
Accepted currencies - ETH, BTC
Token distribution:
ICO has helped to promote growth and ensure the steady circulation of SCC tokens; the system will create additional platforms that allow token owners to sell goods and services. All participants will be able to trade with each other using cryptocurrency, thereby increasing its cash value. The SCC platform focuses on developing feedback mechanisms for creators and suppliers to judge and recommend partners throughout the process. For participants who want to share their experience and knowledge, as well as to hold discussions about ideas for improving the SCC, a community forum will be created.
The project team
Contact Information
Website: https://smartcontractchain.io/
Twitter: https://twitter.com/ChainSmart
Telegram: https://t.me/smartcontractchain_ico
Medium: https://medium.com/@info_45286
My VTT profile: https://bitcointalk.org/index.php?action=profile;u=1743266
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