SMARTCONTRACTCHAIN-REVIEW

About SmartContractChain

The cryptocurrency world has changed the way we think about crowdfunding and early-stage investment. Just a few years ago, startup funding involved rigorous screening processes by venture capitalists; today, companies raise tens of millions of dollars with barely more than a whitepaper.

It’s a great time to raise money, but for investors this comes with increased risk. The regulation-free environment of token sales means that in the event of a mismanagement of funds, early investors have few legal options to turn to in order to recover funds or influence a company’s business strategy.

That’s why SmartContractChain is building a platform that will harness the best of both worlds, providing entrepreneurs and creatives with access to funds, while guaranteeing the security of investors’ money.

SmartContractChain will leverage not only the power of cryptocurrency for rapid fund distribution, but also tap into the logical and provably transparent nature of smart contracts to ensure that dividends are assigned to investors in an auditable, immutable manner, all delivered across the stable and scalable Ethereum blockchain.

VISION

The cryptocurrency world has changed the way we think about crowdfunding and early-stage investment. Just a few years ago, startup funding involved rigorous screening processes by venture capitalists; today, companies raise tens of millions of dollars with barely more than a whitepaper.

It’s a great time to raise money, but for investors this comes with increased risk. The regulation-free environment of token sales means that in the event of a mismanagement of funds, early investors have few legal options to turn to in order to recover funds or influence a company’s business strategy.

That’s why SmartContractChain is building a platform that will harness the best of both worlds, providing entrepreneurs and creatives with access to funds, while guaranteeing the security of investors’ money.

SmartContractChain will leverage not only the power of cryptocurrency for rapid fund distribution, but also tap into the logical and provably transparent nature of smart contracts to ensure that dividends are assigned to investors in an auditable, immutable manner, all delivered across the stable and scalable Ethereum blockchain.

Things to take note of

Geographical Constraints

Not all nations are legally permitted to participate in crowdfunding platforms and if a creator has his or country in the list of registered countries, then they face the additional burden of having to find investors from that country itself since these platforms do not facilitate cross border investments.

Commissions and Charges

Crowdfunding platforms are not cheap as many platforms could charge even as high as 20% of the raised fund as their commission which leaves creators with significantly lower funds for their actual operational purposes.

History of Failed Projects

Because of the rising number of failed projects or projects that could not yet prove their maturity and returns on investments, investors and backers become hesitant to invest in new projects listed on the platform.

Lowered PR Attention

There isn’t much of a marketing budget or strategy used in crowdfunding that carries the message of a start-up to potential investors. This prevents a free flow of investment because investors do not have clarity on how great the project is or what big a potential they have with the right funds to operate.

How does SmartContractChain work?

ICOs are created through a strenuous process. Companies must create their own currency on a blockchain, a task that requires significant technological understanding. Once this is done, Budding must then find a way to publicly offer their coins, creating a unique platform that allows consumers to gain access to the product. and their currency

SmartContractChain goes through the whole process. They provide both a pre-built platform and their own decentralized currency, called coin (SCC). In addition, a variety of unique security features help provide a personalized way for consumers to invest and for companies to secure the funds they need.

Token Sales

SmartContractChain (SCC) Token

Total SCC cards will be created: 60,158,729 SCC

Available in the sale of tokens: 45,119,047 SCC (75%)

Name of the token: SCC

Fundraising goal: 30,000,000 $

Target limit: 1’000’000 $

Token sale start: October 15th

End of Sale: 30th of December Money

Accepted: ETH, BTC

ROADMAP

February 2017

Following several failed Crowdfunding Investments, the Idea of Crowdfunding 2.0 was born

March 2017

A Team with different competencies came together.

April 2017

Market analysis revealed the high demand for a transparent and highly secure platform to facilitate crowdfunding

May 2017

First draft Business Plan and Strategy was created.

October 2017

Tokensale Application creation commenced.

December 2017

Preparations were underway for the TGE Launch.

January 2018

Draft Workout of the Whitepaper was readied.Userstories and Requirement spezification for SCC Platform.

February 2018

Whitepaper adjustment with questionary of Swiss Authority FINMA was prepared.

March 2018

Planning Infrastructure and internal Testsetup.

April 2018

Initial Smartcontract development for ILP Process.

July 2018

Deploying the Smartcontract for SCC Token.

September 2018

Starting Development of Test System SCC Platform. Founding of the company Halisto GmbH, which implements the application together with the existing team under new and experienced project managers.

October2018

Launch TCE for SmartContractChain.

December 2018

Sale End of TGE. Marketing activiy to get initial Projects for SCC Platform.

January 2019

Tokensupply / Distribution after TGE. Starting Develpment of Production System SCC Platform.

February 2019

Preview version for selected Audience to get Feedback. Outreach to external Exchanges to list SCC token.

March 2019

Beta Version, Auditing and Internal Tests.

April 2019

Release Candidate, Auditing and public Tests.

May 2019

Release 1 Version. App Development for Platform.

July 2019

Publish the Freelancer Platform as Servicelayer for SCC Platform.

August 2019

Partnership with Auditing services.

September 2019

Initial Version of AI for Big Data Analysis.

December 2019

Self funded R&D Projects based on AI Results with Community Lead.

July 2020

Creating a Foundation for R&D in Pharma and Medical Field.

December 2020

Active support to existing Metachains adding value to different Blockchain Frameworks.

July 2021

Incubation of value adding companies to SmartContractChain.

December 2021

Expanding and create Foundation on each Continent to support onsite activities.

July 2022

Creating a Donationplatform for the Foundations to self sustainability.

TEAM

RAJASEKARAN YOGARAJAH: PRODUCT OWNER

GNANASEKARAN YOGARAJAH: PROJECT MANAGER

CSABA UJVÁRI: SENIOR JAVA DEVELOPER

MÁTÉ GYÖMEREI: FRONTEND DEVELOPER

TARAS SAVCHUK: SYSTEM ADMIN

KARAN AHUJA: SENIOR BLOCKCHAIN DEVELOPER

ARNAV CHAUDHARY: BLOCKCHAIN DEVELOPER

JAY VASDEWANI: ENTREPRENEUR

DÁNIEL SZABÓ: DEVELOPER

Martin Horváth: DEVELOPER

Illés Máté: DEVELOPER

HARSH KUMAR: DESIGNER

For more information visit the link below:

Website : https://smartcontractchain.io/

ANN : https://bitcointalk.org/index.php?topic=5047020.0

Medium : https://medium.com/@info_45286

Whitepaper : https://smartcontractchain.io/fileadmin/whitepaper/whitepaper.pdf

Facebook : https://www.facebook.com/smartcontractchain

Twitter : https://twitter.com/ChainSmart

Instagram : https://www.instagram.com/smartcontractchain

Telegram : https://t.me/smartcontractchain_ico

AUTHOR

nelsonjohn

BITCOINTALK PROFILE

https://bitcointalk.org/index.php?action=profile;u=2387325

ETH ADDR

0x9e5630f2c73d6c19486c5dd1d1ee0a3e16e99765

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nelsonjohn

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