Swachhcoin | Review Token Utility

What is Swachhcoin?

Swachhcoin Foundation is a non profit organization whose primary objective is to work extensively to overhaul the waste management sector by acting as a complete technology developer and service provider in this domain. Swachhcoin will make the existing waste management industries as efficient and capable as possible so that they become technologically and otherwise able to tackle the imminent waste management crisis the world faces at this very moment. Apart from working with industries, Swachhcoin will develop an ecosystem where individuals on a mass level are made aware of the possibilities of waste around them so that they understand their roles and responsibility and act accordingly.

Initial Development & Partnership Strategy

In order to kickstart this project, and scale it to the aimed level, we understand that we need to build up a network of highly capable and influential partners who will catalyse this process. Swachhcoin is already working on it and has been successful thus far. We have finalised partnerships with number of organisation and are also in the final talks with more of them to come aboard. The names of our partners and collaborators will be strategically revealed as suggested by the team managing our ICO campaign. This process has also been made easy with the help of our parent organisation Community Tech Labs which has experience of launching a number of cryptocurrency and blockchain projects. Large scale expansion and platform adoption on a global scale opens up large scale manufacturing opportunities to manufacturers, particularly for the tools developed by Swachhcoin, namely, SwBIN. Various large scale manufacturers have been approached to setup plans in India and at other feasible location depending upon the organisation. We are also in talks with government entities to fulfill their waste management ambitions using the broad and robust technology developed by Swachhcoin.

How are we different ?

The platform offered by Swachhcoin is unique in number of ways. Currently there are other waste management platform but none of them are as broad and as technically advanced as Swachhcoin. Some of the features which makes us unique are:

1. Users are given monetary incentive to manage their waste ,whereas, traditionally people used to pay for their waste to be collected from their homes.

2. The range of outputs produced after processing the waste are over Twenty.

3. Leveraging not one, but four most advanced technologies i.e. AI, Big Data, IoT and Blockchain.

4. Freedom to sell and buy produced output in both Fiat and Tokens.

5. Apart from profit making business model, our platform has integrated autonomous philanthropy mechanism.

The above mentioned key featured makes this platform better than any other available and years of research, correct partnerships and development gives us edge over any developing platform in this domain.

Token Utility

Swachh Tokens are 100% utility tokens and will remain that way. The Swachhcoin aims to provide as many utility and use cases as possible to the token holders. The utilities mainly comprises of that related to solving daily life problem and platform specific payment settlements.

Some of the major utility or use cases of Swachhcoin are:

1. Receiving reward for proper waste disposal.

2. Buying output(s) produced by waste processing industry.

3. Paying for availing decentralised advertisement services

4. With wider acceptance, Swachh tokens will also be used for micro payments at increasing number of merchants at various geographic locations globally.

5. Token holder can use their tokens to donate funds to the partnered organisation of Swachhcoin’s interest, in a fair and transparent manner via Blockchain thus eliminating the chance of possible leakage and corruption. Donations can also be made for special causes at specific times, like in the event of a natural disaster, etc.

6. Token Holder will be able to use their tokens to exercise voting rights on the platforms, including taking part in decisions related to top tier management.

7. Raise a proposal to add an organisation in the list of NGOs that receives philanthropic funding from Swachhcoin.

The utility and use cases of Swachh token will keep on increasing with time as we integrate and deploy the infrastructure with the existing and new partner organisation. The token is designed and planned to become the dominating payment settlement method in the waste management industry and at the same time, solving payment needs like that related to everyday domestic household needs like but not limited to grocery shopping, paying utility bills etc. These utilities may change over a period of time, particularly after the deployment of our own Blockchain network. The governance related to tokens are done solely based on the set of policies as outlined in Terms and Conditions of the Token Sale.

Projected use of Contributions

After the end of token sale, the raised funds will be allocated as mentioned below:

Asset Allocation

Platform and Model Plant Development: 70%

Working Capital: 10%

Marketing: 5%

Treasury: 10%

Blockchain Development: 5%

The above mentioned allocations have been finalised after proper research and evaluation and can be assumed to be followed under all circumstances. Any unlikely marginal deviations will be made public as per our transparency policy.

Crisis Management

Crisis can happen in any organisation at any time for numerous reasons. Some can be foreseen and others not. There can also be numerous accountable and unaccountable factors that can contribute to the same. Some of these factor may or may not be in the control of the organisation in question. It takes years of understanding and planning to be prepared and able to cope up with the adversities arising from the same. The domain in which Swachhcoin works is relatively new and is more or less prone to these things as suggested by many industry experts.

Swachhcoin, in order to cope up with such an event has the following arrangements in place and will also keep working on the same to improve continuously

1. A treasury will be maintained out of which, 29% of the funds will be reserved in order to handle any such circumstances.

2. A team in the R&D department will be dedicated to work in this department continuously.

3. Swachhcoin will organise bug bounties from time to time to minimise, if not avoid the damage from the same.