ICO Project Silver Coin (SCN)
Tokensale Start: 01/01/2020
Tokensale Finish: 16/03/2020
Silver Coin is a project that promotes the use of cryptocurrencies to pay for everyday goods and services. The project team developed a cryptocurrency whose value will be tied to the value of the dollar, which will allow Silver Coin to remain stable regardless of the conditions of the cryptocurrency market.
Business Model Overview Silver Coin (SCN)
1. The validity of income
The project will receive income from the provision of services on the platform. The project team expects that the volume of trading by 2020 will be from $ 5 000 000 to $ 20 000 000 per day. Users who purchased tokens during private and public sales will receive dividends in the amount of 5% of the amount of purchased tokens during the year. Enterprises that intend to use SCN tokens as a transaction tool to replace fiat funds when purchasing their products will receive dividends of up to 3% per month as long as they have a partnership with Silver Coin.
2. Number of currencies accepted
The project accepts 1 liquid currency, namely: ETH.
3. Token emission
The project has a limited number of tokens. In total, 25 000 000 SCN tokens will be issued.
4. Discount on the purchase of tokens
The discount on the purchase of tokens is 65%.
The provided flow chart shows the project goals by the end of 2020 (p. 19 White Paper). The distribution of tokens will be as follows: 19% - “Sale of tokens”, 8,2% - “Bounty program and Airdrop”, 1,85% - “Partners”, 71% - “Reserve”.
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 $ 3 000 000 and $ 6 000 000, respectively.
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