Hello there! I would like to introduce you to Scanetchain – the project of Singaporean guys. What are your thoughts on the project? Do you think it can survive out there? Are there any competitors to challenge it? Leave your thoughts down in the comments.

The essence of the project is: You have to install the app on your smartphone which allows you to recognize almost every single object in the real world using your device’s camera. For example, you really like that vase at the café. All you have to do is scan it with the app to find out who had created it, its description and the location where you can buy the vase!

The project’s summary

Name	Description
The project’s name	Scanetchain
Subject	Advertising and social network, based on the AR technology
Brief description	It’s a decentralized open platform based on the AR technology. You can buy and sell the merchandise or content on it. The platform is created to combine the advertising, content, and merchandise into one ecosystem based on the hybrid-like coalition of different platforms.
Website link	https://www.scanetchain.io
What is achieved by today	The app is developed and is being released. The SWC token crowdsale is occurring in August 2018.
The blockchain technology	The blockchain technology is based on the «Proof of activity» protocol. It’s designed to encourage the platform’s user to be active. The blockchain is also used for copyright protection and transactions.
What is the «Proof of activity» algorithm	One of the blockchain consensus algorithms, that is. The description of the algorithm was published in 2014 stating that the algorithm is potentially newer and more secure. It is based on the blockchain technology. The creators of the PoA algorithm had combined the two most popular Proof-of-Work and Proof-of-Stake algorithms to maximize security and prevent the possible incoming E-attacks.
SWC token crowdsale start	August 2018
Distribution of tokens	60% - sales, 15% - the crew, 5% - marketing, 10% - funds, 10% - reserve.
Distribution of funds	40% - development, 5% - advisory committee, 15% - marketing, 20% - accumulation and expansion of the system, 20% - creation of the AR content.
The crew	Most of the crew are from Singapore.
A number of tokens	1 billion.
Roadmap	August 2018 – SWC token crowdsale, expanding partnership for global AR advertising system. September 2018 - starting the business of AR commercial platform in Singapore, expanding partnership of AR commercial platform in The U.S, Global Exchange listing. October 2018 - expanding partnership of AR commercial platform in Europe, expanding partnership of AR Commercial Platform in Japan. December 2018 - expanding partnership of AR commercial platform in South-East Asia, expanding partnership of AR Commercial Platform in Mid-East Asia. February 2019 – the completion of development of Scanetchain, first test period. April 2019 – second test period after modification. June 2019 - Scanetchain Platform Global Service Grand OPEN, expanding globally though business alliance. 2020 – establishing a global branch successfully.
Soft cap	40,000,000 SWC
Hard cap	600,000,000 SWC
Jurisdiction of the company	SCANETCHAIN CORPORATION PTE. LTD. Registry date: 30.04.2018. Singapore.
The token’s price	1 BTC = 89,462 SWC; 1 ETH = 4,963 SWC; 1 XEM = 3 SWC

Why do I participate in Scanetchain?

The fact that the company has already managed to gather half of its hard cap says it all.
The company is interesting and perspective because it has declared many investment partners for the platform development. That is why we’ll witness the company’s growth to the global size after the first listing.
I believe in the project’s success. The successful and hyped ICOs manage to multiply their funds by 10-20 times in just weeks after entering the exchange.

This will be proved interesting for us to watch the project’s success and the way Scanetchain will develop its platform in the future.
All in all, I’m participating in the project and planning to keep my SWC tokens for a long while because I believe in the project!