ICO Project SocialRemit (SRT)
Tokensale Start: 01/04/2019
Tokensale Finish: 31/07/2019
SocialRemit is a platform that provides users with financial and technological conditions for the implementation of projects. The provided electronic payment system will have a high level of security through the implementation of the Blockchain technology. Also, users will be able to exchange their cryptocurrency assets and make transfers using the mobile application.
Business Model Overview SocialRemit (SRT)
1. The validity of income
The project will receive revenue from internal operations conducted in EaD tokens. EaD is an internal use token on company platforms. Holders of tokens will be considered members of the SocialRemit community and will be able to participate in voting, submit new projects, as well as annually receive profits in EaD tokens. Also, users will receive a commission for each referral who purchased the CSR token during the ICO. To exchange the CSR token to the EaD token, users need to: have 5 referrals, have the CSR tokens available and share an advertising link to ICO.
2. Number of currencies accepted
The project accepts such liquid currencies as: ETH, BTC, LTC, NEO, DOGE, USD, EUR.
3. Token emission
In the project there is a limited number of tokens. A total of 300 million SRT tokens will be released.
4. Discount on the purchase of tokens
Discount on the purchase of tokens is 60%.
The project’s project plan indicates its goals by the end of 2019. The distribution of tokens will occur as follows: 60% - “Public sale of tokens”, 5% - “Advisors”, 16.5% - “Sale of tokens for early investors”, 5% - “Project Team”, 13.5% - “ Other expenses".
6. SOFT CAP / HARD CAP Ratio
The project has a poor SOFT CAP / HARD CAP ratio, which reduces its investment attractiveness. The values of SOFT CAP and HARD CAP are $ 5,000,000 and $ 20,000,000, respectively.
7. MVP availability
In the project flow chart provided, there is no information on the presence of MVP.
8. Risk assessment and insurance
At the same time, however, there are no risk assessments according to international standards, as well as any risk insurance methods, for example, Escrow, which increases the risk of loss of capital of potential token-holders.
Criteria of accordance to the international standards of business-planning of UNIDO and EBRD