SmartContractChain (ICO REVIEW) -  Crowdfunding Platform 2.0 based on Blockchain Technology

Over the past few years, the cryptocurrency markets have seen significant and unprecedented growth, with investors in the space earning huge profits. One major drawback, however, is that trading cryptocurrencies is a bit complicated and the recent influx of new projects into the market is quite overwhelming. As a result, investors that do not have the time, resources or expertise to do exhaustive research may end up making snap judgements and losing money. As such, it has become particularly important for investors to be cautious while making investments in ICOs and cryptocurrencies in general. This is because a large proportion of investors lack the knowledge to dissect projects, analyse teams or even to ascertain the authenticity of the claims made in the white paper. More so, even if these investors have the knowledge and expertise to analyse and make risk assessment for blockchain projects they may lack the time, resources, and in depth research required to make informed decision. On the other hand, there are multiple genuine cryptocurrencies and ICO projects that have viable products, and world class teams that have the ability to execute the vision and deliver revolutionary solutions within the space and this is where SMARTCONTRACTCHAIN fits in as they have developed a platform that will harness the best of both worlds, providing entrepreneurs and creatives with access to funds, while guaranteeing the security of investors' money.

ABOUT SMARTCONTRACTCHAIN

SmartContractChain is a crowdfunding platform 2.0 based on blockchain technology introducing ILP and conventional Token Generation Events.

SmartContractChain platform (SCC platform) developed by Halisto GmbH was created with these capabilities in mind. SCC platform is a new and unique crowdfunding platform based entirely on the Blockchain and designed to facilitate open, honest investment with the potential for significant share of the SCC platform EBIT, especially, but not only in the space of research and development.

At its core, crowdfunding is a community activity that generates interest and mutual trust between creators and backers. It is a funding model built on honesty, allowing one to understand the goals of creators at an individual level. Blockchain and smartcontracts allow SCC platform to move the technical operations of crowdfunding to the back end, so the ecosystem participants can focus on finding the next big thing they’re excited to back and share.

As on of the possibilities SCC platform would support the revolutionary Initial loan procurement (ILP) process, which has various benefits for backers over the conventional Token Generation Event (TGE). It’s time to bring the most exciting form of personal investment and funding to the cryptocurrency space.

WHY YOU SHOULD CHOOSE TO INVEST WITH SMARTCONTRACTCHAIN

SmartContractChain is building a platform that will harness the best of both worlds, providing entrepreneurs and creatives with access to funds, while guaranteeing the security of investors' money.

SmartContractChain will leverage not only the power of cryptocurrency for rapid fund distribution, but also tap into the logical and provably transparent nature of smart contracts and distributed ledger technology to ensure that operating profit are assigned to investors in an auditable, immutable manner, all delivered across the stable and scalable Ethereum blockchain.

The main goal of SmartContractChain developers is to provide an optimal level of security of investors ' funds and to improve the crowdfunding process through the use of Blockchain technology.

The Four Main Components of SmartContractChain

The work of the platform and interaction of project creators and investors will be provided by 4 main components of SmartContractChain:

The application, which includes a number of functions, a wallet for storing funds and a platform for buying or selling coins of a project;

Internal server for managing smart contracts and projects;

Wallet support technologies;

Trading platform P2P.

The most significant element of the platform will be the application with a graphical interface, which can be accessed through the platform's website or through smartphones and other gadgets. This application will contain the following elements:

A wallet that allows you to use absolutely any tokens for investing.

An analytical data center that allows you to view, allocate, and detail project data.

It is important to pay attention to the fact that within the framework of the platform, based on analytical data, each investor can withdraw already invested funds or increase his contribution. This procedure is provided through the creation of smart contracts, which also allow investors to return the funds if the project developers will not achieve their goals.

In addition, the SmartContractChain application will present a filter that allows you to distribute projects depending on their rating and orientation. All information about the companies will be stored in the backend service. At the same time, only those projects that have passed the verification process will be presented within the framework of the platform.

To ensure greater efficiency within SmartContractChain will also be presented P2P exchange allowing you to trade cryptocurrency assets.

The main resource of the platform will be SCC tokens, which will be charged as fees for operations within the SmartContractChain platform. These coins can be purchased during the ICO.

How SmartContractChain Works?

SCC platform provides a clear path toward safe, reliable investment and campaign development. SCC use existing best practices in the crowdfunding space as well as Blockchain-supported transparency to create a clear process. Each participant in any project has the visibility they need to feel safe about each project SCC platform is designed to help companies, projects, and entrepreneurs leverage latest coin tools and activities. It is designed to support multiple funding options and opportunities so project owners can reward investors in various ways.

ICOs are created through a strenuous process. Companies must create their own currency on a blockchain, a task that requires significant technological understanding. Once this is done, Budding must then find a way to publicly offer their coins, creating a unique platform that allows consumers to gain access to the product. and their currency

SmartContractChain goes through the whole process. They provide both a pre-built platform and their own decentralized currency, called coin (SCC). In addition, a variety of unique security features help provide a personalized way for consumers to invest and for companies to secure the funds they need.

UNIQUE ECOSYSTEM

To foster growth and to ensure a steady circulation of SCC tokens, the system would create additional platforms to allow for owners of the token to sell goods and services. These platforms would host services such as translations, surveys, promotion, SEO or advertising and the creators would get help from the community. All participants can trade with each other utilizing the cryptocurrency thereby increasing use cases for the token and improving its monetary value.

SCC platform is focusing on developing feedback mechanisms for creators and providers to best judge and recommend partners throughout the process. For members who want to share their experiences and knowledge as well as carry out discussions about ideas to improve SCC, there will be a Community Forum as well.

Token Sale Details

The sale of SCC tokens will ensure that users are allowed to recieve a share of SCC projects Ebit. The terms of the sale and the specifics are detailed below to serve as future reference.

SCC platform reserves the right to adjust future spending totals and percentages based on the evolution of our ecosystem and success on completion of the TGE stage.

Token Details

Total SCC tokens to be created: 60’158’729 SCC

Available during token sale: 45’119’047 SCC (75%)

Token name: SCC

Fundraising goal: 30’000’000 $

Soft cap goal: 1’000’000 $

Token sale start: 15th of October

Sale end: 30th of December

Accepted currencies: ETH, BTC

Distribution of Tokens

ROADMAP

February 2017
Following several failed Crowdfunding Investments, the Idea of Crowdfunding 2.0 was born

March 2017
A Team with different competencies came together.

April 2017
Market analysis revealed the high demand for a transparent and highly secure platform to facilitate crowdfunding

May 2017
First draft Business Plan and Strategy was created.

October 2017
Tokensale Application creation commenced.

December 2017
Preparations were underway for the TGE Launch.

January 2018
Draft Workout of the Whitepaper was readied.Userstories and Requirement spezification for SCC Platform.

February 2018
Whitepaper adjustment with questionary of Swiss Authority FINMA was prepared.

March 2018
Planning Infrastructure and internal Testsetup.

April 2018
Initial Smartcontract development for ILP Process.

July 2018
Deploying the Smartcontract for SCC Token.

September 2018
Starting Development of Test System SCC Platform. Founding of the company Halisto GmbH, which implements the application together with the existing team under new and experienced project managers.

October2018
Launch TCE for SmartContractChain.

December 2018
Sale End of TGE. Marketing activiy to get initial Projects for SCC Platform.

January 2019
Tokensupply / Distribution after TGE. Starting Develpment of Production System SCC Platform.

February 2019
Preview version for selected Audience to get Feedback. Outreach to external Exchanges to list SCC token.

March 2019
Beta Version, Auditing and Internal Tests.

April 2019
Release Candidate, Auditing and public Tests.

May 2019
Release 1 Version. App Development for Platform.

July 2019
Publish the Freelancer Platform as Servicelayer for SCC Platform.

August 2019
Partnership with Auditing services.

September 2019
Initial Version of AI for Big Data Analysis.

December 2019
Self funded R&D Projects based on AI Results with Community Lead.

July 2020
Creating a Foundation for R&D in Pharma and Medical Field.

December 2020
Active support to existing Metachains adding value to different Blockchain Frameworks.

July 2021
Incubation of value adding companies to SmartContractChain.

December 2021
Expanding and create Foundation on each Continent to support onsite activities.

July 2022
Creating a Donationplatform for the Foundations to self sustainability.

TEAM

If you like and like this project, I advise you to familiarize yourself with it in more detail by clicking on the links that I will leave for you at the end of this article.

Website: https://smartcontractchain.io/

Whitepaper: https://smartcontractchain.io/fileadmin/whitepaper/whitepaper.pdf

ANN Thread: https://bitcointalk.org/index.php?topic=5047020.0

Medium: https://medium.com/@info_45286

Facebook: https://www.facebook.com/smartcontractchain

Twitter: https://twitter.com/ChainSmart

Instagram: https://www.instagram.com/smartcontractchain

Telegram: https://t.me/smartcontractchain_ico

Author: BrainerdPaul
BitcoinTalk profile link: https://bitcointalk.org/index.php?action=profile;u=1680409