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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