ICO Project SYN LEDGER (SYN)
Tokensale Start: 02/12/2019
Tokensale Finish: 10/12/2019
SYN LEDGER is a platform through which owners of power plants and renewable energy sources will be able to sell electricity and receive rewards. Using Blockchain technology will ensure the creation of a decentralized and transparent electricity market for all of its participants. The SYN token will be used to conduct transactions within the platform.
Business Model Overview SYN LEDGER (SYN)
1. The validity of income
The project will receive income from a transaction fee. Syn Ledger provides investors with a platform for investing in solar panels with the possibility of leasing them to manufacturers. The platform encourages investors to rent solar equipment and other necessary resources, providing them with a constant return on investment depending on their property rights. The platform allows for P2P energy transactions from producers to energy buyers, retailers without the participation or need of any intermediary, using smart contracts.
2. Number of currencies accepted
The number of accepted currencies includes 4 liquid currencies: ETH, BTC, EUR, USD.
3. Token emission
The project has a limited number of tokens. A total of 85 000 000 SYN tokens will be issued (p. 50 White Paper).
4. Discount on the purchase of tokens
The discount on the purchase of tokens is 67%.
In the provided flow chart, the project goals are indicated until the end of 2020 (p. 53 White Paper). After the completion of the token sale, the authors of the project will distribute the funds as follows: 85% - “Product Development”, 10% - “Marketing”, 5% - “Legal expenses”.
6. SOFT CAP / HARD CAP Ratio
The project has an excellent SOFT CAP / HARD CAP ratio, which is a plus to its investment attractiveness. The values of SOFT CAP and HARD CAP are $ 2 000 000 and $ 5 000 000, respectively (p. 51 White Paper).
7. MVP availability
The project does not have a developed MVP.
8. Risk assessment and insurance
At the same time, however, there are no risk assessments by 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