The cryptocurrency world has changed the way we think about crowdfunding and early-stage investment. Just a few years ago, startup funding involved rigorous screening processes by venture capitalists; today, companies raise tens of millions of dollars with barely more than a whitepaper.
It's a great time to raise money, but for investors this comes with increased risk. The regulation-free environment of token sales means that in the event of a mismanagement of funds, early investors have few legal options to turn to in order to recover funds or influence a company's business strategy. That's why 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 to ensure that dividends are assigned to investors in an auditable, immutable manner, all delivered across the stable and scalable Ethereum blockchain.
Rated on Nov 25, 2018
"Soft cap 1,000,000 USD
Hard cap 30,000,000 USD"
"That's why 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."
Please share if there are any commercial cases that are using the platform to perform crowdfunding?
Team looks impressive with the will to execute this project successfully.
All the best!
Rated on Oct 17, 2018
Solid team with diversified expertise from advisors. However, their roles need to be specified in order to reach its success.
Vision is great as it helps reducing the increasing risks for crypto investment and giving some peace for investors.
MVP should be available for review and happy to revise my ratings when it is available
Rated on Nov 14, 2018
Modified on Nov 14, 2018
Interesting project !! Would like to see the mvp in action !!! Seems to have a good team and the vision is on point . Will up grade if mvp lives up to expectations !
Rated on Oct 17, 2018
Interesting project with great jurisdiction - Switzerland. Advisory team is very strong one. Vision is also good one in this project. As about product itself, I am also waiting for MVP for it to change rating to higher one.
Rated on Nov 5, 2018
Modified on Nov 5, 2018
White paper - The whitepaper is quite detailed including a clear problem definition and a probable solution. The white paper has all the details needed for an investor to make an investment decision.
Team - The core team is large and diverse, consisting of experienced team members. They also have a good advisory board.
Tokenomics - They are aiming to raise 1 million US$ (Soft Cap) to 30 million US$ (Hard Cap). This is a major red flag. It basically means the founders just want to raise more money even if they could do with 1 million US$, as the justification for raising 30 million US$ is lacking. Should have put more thoughts into this or gotten help! The team members reserve 10% of the tokens + 5% of the funds which is a bit strange (greedy too!), as they already have a 10% operating costs in the funds allotment.
Business Model - The business model is clear.
MVP/ DApp/ Working Product - No DApp or MVP yet.
The problems in token allocation/fund allocation + the lack of members who could lead the project in choosing proper projects (most of the team is related to tech development) is a big cause of concern, which should be addressed clearly. Switzerland being the jurisdiction is a big positive though!
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TeamApply as an advisor
SENIOR JAVA DEVELOPER
SENIOR JAVA DEVELOPER
SENIOR BLOCKCHAIN DEVELOPER
Following several failed Crowdfunding Investments, the Idea of Crowdfunding 2.0 was born.
A Team with different competencies came together.
Market analysis revealed the high demand for a transparent and highly secure platform to facilitate crowdfunding.
First draft Business Plan and Strategy was created.
Tokensale Application creation commenced.
Preparations were underway for the TGE Launch.
Draft Workout of the Whitepaper was readied.Userstories and Requirement speziﬁcation for SCC Platform.
Whitepaper adjustment with questionary of Swiss Authority FINMA was prepared.
Planning Infrastructure and internal Testsetup.
Initial Smartcontract development for ILP Process.
Deploying the Smartcontract for SCC Token.
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.
Launch TCE for SmartContractChain.
Sale End of TGE. Marketing activiy to get initial Projects for SCC Platform.
Tokensupply / Distribution after TGE. Starting Develpment of Production System SCC Platform.
Preview version for selected Audience to get Feedback. Outreach to external Exchanges to list SCC token.
Beta Version, Auditing and Internal Tests.
Release Candidate, Auditing and public Tests.
Release 1 Version. App Development for Platform.
Publish the Freelancer Platform as Servicelayer for SCC Platform.
Partnership with Auditing services.
Initial Version of AI for Big Data Analysis.
Self funded R&D Projects based on AI Results with Community Lead.
Creating a Foundation for R&D in Pharma and Medical Field.
Active support to existing Metachains adding value to different Blockchain Frameworks.
Incubation of value adding companies to SmartContractChain GmbH.
Expanding and create Foundation on each Continent to support onsite activities.
Creating a Donationplatform for the Foundations to self sustainability.