ICO Project Astorcoin (ASTC)
Tokensale Start: 09/09/2019
Tokensale Finish: 18/03/2020
Astorcoin is a project that provides users with the opportunity to invest in cryptocurrency supported by precious metals. Users will be able to use the platform to quickly pay for purchases in online stores. All stores accepting Astorcoin will be listed on astorexchange.net homepage. Users will be able to track the amount of the gold reserve online. Users can also order an Astorcoin credit card.
Business Model Overview Astorcoin (ASTC)
1. The validity of income
The project will receive income by investing funds received during the ICO in precious metals and minerals. Also, users will pay a service fee when buying and selling cryptocurrencies on a platform whose size is 1% of the transaction amount. The first million users will receive monthly dividends. The project team will allocate 10% of the proceeds to charity projects. Over the 5 years of the platform’s operation, it is planned to attract more than 50,000,000 users, and the cost of ASTC tokens according to preliminary forecasts in 3 years will be $ 40.
2. Number of currencies accepted
The project accepts such liquid currencies as: YEN, EUR, USD, DKK, BTC, LTC, BCD, BCH, BLK, BSV, BTG, DASH, DOGE, EOS, ETC, ETH, POT, PPC, XEM, XMR.
3. Token emission
The project has a limited number of tokens. A total of 6 000 000 000 ASTC tokens will be issued (p. 4 White Paper).
4. Discount on the purchase of tokens
The discount on the purchase of tokens is 100%.
In the provided technological map, the objectives of the project are indicated until March 2020. After the completion of the ICO, the project team will allocate funds as follows: 50% - “Project Development”, 30% - “Advertising”, 7.5% - “Reserve”, 5% - “Project Team”, 5% - “Support”, 2.5% - "Project Founders".
6. SOFT CAP / HARD CAP Ratio
Assessing the SOFT CAP / HARD CAP ratio is not possible because the project lacks the SOFT CAP and HARD CAP values.
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.
Criteria of accordance to the international standards of business-planning of UNIDO and EBRD