The goal is to maximize the creation of value from global household waste. Obviously, waste is becoming an increasingly important issue in our modern world. We’re generating too much waste, and all of that waste either needs to be repurposed or safely stored. Swachhcoin aims to address this issue while increasing profitability and efficiency in the waste management industry.
The ICO for Swachhcoin Tokens is expected to get underway in Q2 2018. The company’s private sale for tokens began in April 2018.
Swachhcoin brands itself as a non-profit organization. They want to make the existing waste management industries efficient and capable of acting as a provider of service and developer of technology in this sphere. Not only does it intend to work with industries, but, they also plan to develop an ecosystem whereby they can influence the waste management habits of individuals on a mass scale.
Swachhcoin wants to incentivize people monetarily who puts to dispose off the waste properly. It wants to build an ecosystem for this purpose utilizing IoT, blockchain, adaptive intelligence, and other technologies. The ecosystem will revolve around the Swachh tokens.
According to Swachhcoin, the users of the platform will receive monetary incentives in exchange for managing their waste properly. The processes waste will lead to at least 20 different products or outputs. The platform also believes that this initiative will gradually change the way how waste is disposed all over the world.
As you can see, all of these features are vaguely defined. The information above comes straight from the whitepaper. There are few technical details about how the platform seeks to use these technologies.
Comments: The market is showing growth, which implies an opportunity for the project to take a market share.
Other listed members of the team include Aditya Vikram Singh (Chief Financial Officer), Siddela Sarat Kumar (Chief R&D Officer), Naman Jain (Chief Marketing Officer), Kuruva Saiteja (Chief Relations Officer), Deep Ranjan Gupta (Chief Technical Officer), and Hemant Verma (Chief Strategy Officer).
General information about the project and ICO
Swachhcoin is a unique blockchain-powered attempt at micromanaging wastes from households and industries and efficiently converting them into useful products. These products, at the end of the process, will be of higher economic value. The team intends to delve into the realm of, but not limited to green-energy, fertilizers, and power generating gases as of now. But given the rapid progress of fundamental research on efficient product conversion, the team looks forward to adapting and better the existing working technology.
Smart contract platform: Ethereum blockchain
Contract type: ERC20
Token: SCX
Soft cap: 5,000,000 USD
Hard cap: 18,000,000 USD
Pre-Sale:
Start date: 5 May 2018
End date: 20 May 2017
Sale:
Start date: 15 June 2018
End date: 31 July 2018
Available token for sale: 276,000,000 SCX
Cost of 1 SCX: $0.04 for Presale and $0.075 for Crowdsale
Accepted currencies: ETH, BTC, BCH, XRP, LTC, KCS, BNB
Funds raised from the ICO will be distributed as follows:
For more information:
Facebook: https://www.facebook.com/swachhcoinofficial/
Instagram: https://www.instagram.com/swachhcoin/
Twitter: https://twitter.com/SwachhCoin
