SIM Group is a project through which users can support and promote various innovative ideas. Users will be able to register their ideas and, together with the development team, implement them. When this process begins, the platform will provide an opportunity for the community to make decisions on the main issues related to product development - by voting, and also provide an opportunity for direct investment.
Business Model Overview SIM Group (SIMC)
1. The validity of income
The business model of the project will be based on the provision of services for the implementation of user ideas and investment in the most successful ones. Users whose ideas have been voted on the platform and achieved SOFT CAP will receive 1,000,000 SIMC tokens at their own expense. Users registered on the SIM platform and having 1,000,000 SIMC tokens will be entitled to a 15% discount on any future service or sale of the token of their project.
2. Number of currencies accepted
The project accepts 1 liquid currency, namely: TRX.
3. Token emission
The project has a limited number of tokens. A total of 1 000 000 000 SIMC tokens will be issued.
4. Discount on the purchase of tokens
The discount on the purchase of tokens is 57%.
In the provided technological map, the project goals are indicated until the end of 2020. The distribution of tokens will be as follows: 15% - “Reserved for token sale”, 75% - “Frozen tokens”, 5% - “Airdrop”, 5% - “Tokens burned”.
6. SOFT CAP / HARD CAP Ratio
The current ratio of SOFT CAP / HARD CAP is favorable, which increases the investment attractiveness of the project, the values of SOFT CAP and HARD CAP are $ 375 000 and $ 750 000, respectively.
7. MVP availability
The project does not have a developed MVP.
8. Risk assessment and insurance
There are no risk assessments by international standards, as well as any risk insurance methods, for example, Escrow, which increases the risk of capital loss for investors.