Swachhcoin ICO and Token Sale Review
Swachhcoin is an Indian based ICO which operates on a non-profit basis and aims to employ blockchain and other forms of modern technology such as IoT and adaptive technologies to revolutionize not only the waste management industry but also how we as a people manage and control our waste.
About the Project
This ICO is aimed at establishing a brand new platform and entire ecosystem which will serve to distrupt both the traditional channels within the waste management sector and also how we see and deal with our own waste.
The team behind SCX hope this process of reestablishment can be achieved using a few of the following goals:
- Both the household and business user will be incentivized and rewarded with SCX by engaging correctly with the platform. As their waste is converted into high value products, their efforts will be rewarded.
- By easing the burden on waste management companies and enabling them to operate both more efficiently and profitably, company owners will be justly rewarded for engaging in this new integrated, smart system.
- Above all, the project aims to open people’s thoughts to new methods of managing our waste more effectively. The resultant embrace of new technology within the industry to create a more streamlined and transparent system inevitably has wonderfully positive environmental effects.
The ICO itself will begin on May 5th. Although based on the Ethereum network, the company will be accepting ETH, BTC, XRP and LTC as currency for investments during the ICO.
The project has a softcap in place of $6,000,000USD with a hardcap of $25,000,000USD. The pre-ICO price of the token is $0.04USD per 1SCX token. This price will increase to $0.075 during the mainsale.
The vast majority (70%) of the funds raised from the ICO will be going toward platform and model plant development. 69% of the 400,000,000 SCX tokens will be available to the public during the ICO.
The remainder of tokens will be distributed among team members (9%), Reserves (8%), bounty (6%) and advisors (7%) with 3% set aside for philanthropic missions.
The token itself will be known as SCX. Team tokens will be locked for a varying period of time as far ahead as 2021 and the company hopes to have its first platform deployment within the industry by the second quarter of 2019.
If you are passionate about the environment and incentivizing the waste management industry for more conscientious use, this may be a worthwhile token to consider.
- Start Date2018-06-01
- End Date2018-11-24
- Payment MethodBTCETHLTC
- Total Supply276000000