Sentinel Chain (SENC) is a upcoming ERC20 token that runs on the Ethereum network. This token has completed its presale and is set to have its public sale in March 2018. This token aims to unlock the economic potential of the small-scale agriculture owners. In this article I will briefly describe the aims and a short review of the potential i see in the token and the team.
Presale: 100mil Tokens sold (25% bonus) raised 6.4mil USD, locked for 4 months.
Public Sale: 100mil Tokens to raise 8mil USD in March 2018.
Treasury and Reserve Fund: 150mil Tokens
Early Supporters: 100mil Tokens
Founding team: 50mil Tokens
Liquidity pool 32%
Research & Development 29%
Operations 12%
Contingency 10%
Marketing & Business Development 7%
Sentinel Chain Development 6%
Legal & Finance 4%
There are more than 570 million farms worldwide, majority which small and family operated farms. These small-scale agriculture farms make up 70% for the source of global food production. Many of these farms owners are richer than they think, as they own a part of their asset in physical livestock, however these livestock assets are considered as "dead capital" as majority of the world has forgotten about converting a livestock asset to generate capital.
Thus, Sentinel Chain aims to unlock the economic potential of the smallholders by allowing tokenization of livestock assets using the blockchain technology, and in doing so reviving "dead capital".
There are 2 main issues Sentinel Chain aims to resolve:
The hardcap of US$14.4 million for the ICO/TGE is considered to be small and I see good potential and room for the price growth from the initial small cap price.
The whitelist for the public sale was filled up extremely fast, there seems to be a good demand for the public sale so this should have a positive effect on the token's pricing when it goes on the exchanges.
The team at Sentinel Chain is being led by a experienced CEO, Roy Lai.
The most notable is that he has led the successful implementation of FAST (Fast &Secure Transfers), a real time payment network system for 14 banks in Singapore.
If you have ever lived in Singapore and used the internet banking services you will know that the "FAST" payment network is now a standard and widely adopted method for everyday transfer of funds for internet banking.
Disclaimer
This article is for educational purposes only and not financial advice
