Cryptocurrency TecraCoin is the first project to support the financing of patented high technologies. Funds collected in ICO will be first invested in graphene-related technologies. There are other interesting inventions in the queue that require financial and business support, such as a gel that heals diabetic wounds.
The main purpose of the Tecra company established last year is the issue of TecraCoin - cryptocurrencies, which enables it to raise capital for the aforementioned activities through its sale.
TecraCoin is an instrument based on blockchain technology that guarantees secure participation in the venture and many automated solutions that give you the opportunity to increase your TCR status. Cryptocurrency will be a tool independent of the centralized unit administering the fund.
Mission and goals of the project
The investment portfolio is the so-called high technologies (high-tech industry) suitable for marketization, industrialization. These are, for example, graphene, quantization of matter or a gel that heals diabetic wounds. Tecra focuses primarily on patented designs.
The Tecra Group established cooperation with the governmental administration of Poland, signed the first letters of intent with research institutes. Has signed agreements with law firms, which constitute advisory facilities. The presentation of the project has already been held, among others, in Saudi Arabia and China at the International Graphene Innovation Conference (GraphChina).
When the necessary funds are collected, patents protecting the production of e.g. graphene will become part of the company's portfolio and their commercialization will begin. The recipients will include large chemical plants that are interested in graphene as an admixture for paints, or, for example, launching the production of specialized medical lighting.
The founders of the company include people who have been operating on the market for cryptocurrencies, IT, marketing and science, among others, the owners of one of the largest crypto-currency mines in Poland based on the GPU.
The scientific team consists of highly qualified specialists from the Institute of Low Temperature and Structure Research of the Polish Academy of Sciences in Wroclaw under the chairmanship of prof. dr hab. Wiesława Stręk and prof. dr hab. Andrzej Jeżowski.
Special purpose vehicles will be managed by professional management staff. The persons supervising investments, constituting the consulting core for the TECRA fund, carry out projects on a day-to-day basis with capitalization amounting to several hundred million zlotys - for companies such as BMW and Zalando.
The TecraCoin project is also supported by well-known personalities from the world of cryptocurrencies, including Prof. Krzysztof Piech, Marcelina Szwed-Ziemichód, Filip Pawczyński.
Missing whitepaper? Let us know.
Rated on Feb 27, 2019
Modified on Mar 8, 2019
Edited after the team has passed the KYC process and has updated his achievements.
The team is large and experienced, but they also need to add some advisors to the crew, then they will get the max score.
The vision is ambitious and the idea is legit. They have three good patents confirmed, that has value and it's a very good way to start their business model.
Rated on Jun 21, 2019
Modified on Jul 16, 2019
More than a year long old-fashioned fundraising style ICO. Unforgivable approach for investment professionals as the people claim themselves on their landing page. Huge hardcap. Bitcoin platform? Fully agree with Federico review below.
UPDATE. After receiving profound feedback from the team I improve my rating. But despite the team’s feedback is good and shows great understanding of the blockchain products environment I still keep my opinion about strategical mistake of doing ICO instead of IEO. And I recommend the team to change the fundraising strategy.
Rated on Mar 5, 2019
Modified on Mar 5, 2019
This project has a balanced team in numbers and skills. Their requested team members passed the KYC.
It has a working MVP.
They only distribute 10% during ICO.
Their vision is rather interesting, I am looking forward to seeing how they will implement it on the market. Good luck!
Rated on Apr 3, 2019
The concept is amazing. Team is really good and capable enough. KYC is done. MVP is good. Whitepaper is detailed with good financial, technical and business information. They invest in patented and future technologies which has best chance to success and change the world for better. Best of luck team.
Rated on Jul 24, 2019
Modified on Jul 24, 2019
TecraCoin has a really unique concept that caters for a wide range of ground breaking technology.
They have a large experienced team that I believe could certainly pull this off. It would have been nice to have seen a bit more cultural diversity in the team but none the less the team is still very strong.
It's refreshing to see an ICO that has this amount of uniqueness compared to the dozens of rehased / copycat ICO's we see around these days.
All in all this looks like a promising project.
As always this is merely my personal opinion and it's up to each investor to conduct their own due diligence
Rated on Mar 8, 2019
Modified on Mar 8, 2019
To be honest I like This idea. It has social significance. Especially in Japan, cold weather for scientists is terrible. I felt strongly that a platform to support them is needed. I hope that such efforts and magnifying glasses will spread to the world.
Here is one question.
I felt graphene, white light, business plan, financial plan very good.
On the other hand, I could not find a detailed description of the following mechanism in the white paper.
After having a wonderful discussion with the team, I made the following discoveries. I am looking forward to the arrival of their prototype.
Blockchain gives transparency in allocation of funds, each on can check where funds dedicated for science goes.
On explorer you can check right now, that we didn’t spend any TCR on science now.
and The same is for dividend addresses.
It build more trust. In future we will develop it much more. Creating global investing platform for investors.
Rated on Mar 26, 2019
Solid concept and experienced expert team to execute the project vision.
Loved the shiny whitepaper with detailed business and technical information for investors. The concept is unique so far - no project attempted to address the business areas Tecra coin is targeting.
Great MVP with all functionality working. Thumbs up!
Good luck team.
Rated on Jul 24, 2019
It's very good idea to implement blockchain as trustworthy records ledger into science. My truly respect to the team on finding right approach to kick off intellectual property into community's rights level. Cause big corporates and governments handling this space and manipulating with it as they wish. Finally the human's creations and inventions come back into people's handling. My applause to team and their vision on how to make this world better. Science is so apparently driving!
Rated on Mar 1, 2019
I applaud the technical strength of this project member.
It is a unique project that combines ideas and technologies.
This project will be more wonderful when they succeed in acquiring patents.
Rated on Apr 23, 2019
Good balanced team with a great concept, kyc is passed, working mvp available, lets see how the things turned out after their ico. Good luck
Rated on Oct 3, 2019
The concept appears to be adequate and the team is consisted of experts able to materialize the vision of the project. The whitepaper includes all information needed, from financial to technical and business. It is a unique project which aims to mix different ideas and technologies, fact that makes it so promising.
Rated on Mar 30, 2019
Their requested team members passed the KYC.
It has a working MVP.
They only distribute 10% during ICO.
Their vision is rather interesting, I am looking forward to seeing how they will implement it on the market. Good luck!
Rated on Mar 19, 2019
They have great skills. There is also a love for scientists. They have exclusive technology. It appears to me that they are already approaching their goals. It is clear that team members are experienced and trying to do it. I hope their work will light up the right scientists.
Rated on Mar 23, 2019
Good vision of the project, they are aiming to set up an entire ecosystem, very ambitious and not at all easy to implement, but they are working well, we can see that the project is in a quite advanced stage for being still in ICO, unlike the most projects, which are still on the high seas while running an ICO.
Good team, large and well distributed, although perhaps too little international, they are all in the same place. The community is very short for now, almost non-existent but this can be remedied with good marketing. The block explorer offers a good overview while you can explore various features, but I still haven't figured out why Bitcoin? There are so many other networks today, much more powerful, faster, and everything you want, so it doesn't make much sense to develop into bitcoin.
In the distribution of the token I could not identify the "reserve fund", which is quite important for any project, while the rest of the distribution is good.
All in all, an excellent project, which seeks to make the most of the potential that the Blockchain offers together with the non-Blockchain part of the project, but at the same time offer added value to the same Blockchain and its community.
Remember that here on Icobench the experts are volunteers and we are dedicating a job exclusively to the Blockchain community, we are not here for other interests. Our ratings are our personal opinions and are not encouragement to invest or not invest, and are given through the knowledge that each of us has acquired over the past few years, touring the conferences or some of us, running an ICO or more than one.
Rated on Sep 27, 2019
Modified on Sep 27, 2019
→ Blockchain Advantage - Good
→ White Paper - Fair
→ Team Composition - Fair
→ Tokenomics - Needs Improvement
→ Business Model - Fair
→ Social Media Presence - Needs Improvement
→ Collaborations & partnerships - Good
→ Fund Allocation - Good
→ Legal Loopholes - Fair
→ MVP/ DApp/ Working Product - Fair
You can maximize the potential of this product by building an ecosystem for spreading your vision. Mass adoption is the key to success, everything else is preparatory to the work ahead.
Rated on Mar 28, 2019
The Tecra Group established cooperation with the governmental administration of Poland, signed the first letters of intent with research institutes also TecraCoin is an instrument based on blockchain technology that guarantees secure participation in the venture.
The roadmap shows that public mining will start by July and token listing in August which is added benefit to project.
I have tested MVP and it’s working good,The team is having good strength and expertise knowledge with KYC cleared.
All above points proves project a full house
Rated on Mar 31, 2019
Very interesting idea both in the vision and in the design of the project.
The project has all the trades in its team and the WP is well done. The introductory video should be made in English. With the right marketing, I think this project has a good chance of success.
Rated on Nov 28, 2019
Team: Strong team. KYC done. Linkedin profiles are not all up to date or linked to project.
Vision: Decent MVP, again nothing to complain about. Although their technological promises are shooting a bit too high. A bit exaggerated perhaps.
Product: MVP seems good for an alpha product.
Good luck to the project!
Rated on Apr 1, 2019
Tested MVP its working fine and i expect many upcoming enhancement in it, Team is definitely mixture of expert skills backed up with good advisors.
Marketing efforts are good if checked web presence of project , Overall good project with cleared kyc
Rated on May 1, 2019
Specialised investment platform into graphene sector, which is experiencing nearly 40% CAGR.
Strong team. Good White Paper and a clear description of their vision and community dynamics.
A statement is made that 95% of companies in the graphene sector are going bankrupt (WP page 12) and given this is essentially a graphene fund, it would have been reassuring if there was a clearer view on why TecraCoin will be success, compared with those other 95% of companies. Undoubtedly their academic advisory experience will help, as will the transparency afforded by the blockchain and the use of the collective, but some further specific strategies or insights would have helped.
It also wasn’t clear whether related party investments were allowed under the investment charter.
However, an interesting investment space and a well-thought through WP and proposition. Good luck.
Rated on Apr 20, 2019
— Good technical and functional experts in team with guidance of knowledgeable advisors.
— KYC cleared
— well drafted and clearly understandable
— working MVP with good future enhancement
— project having planned steps in upcoming months including listing on exchange
Rated on Jun 20, 2019
Modified on Sep 8, 2019
Dear ICOBench community,
Please note that before reviewing this project & ICO/IEO, I conducted my own DD : team background, competitors, project history, various analysis and KPIs, growth potential and a lot more factors.
Here are the results of this analysis :
- Team : Looks like an experienced and professional team. Also, it's a pleasure to see that the team members and advisors are linked to the project on social media.
This is definitely worth a 4/5 for the team.
- Vision : Nowadays, it is really difficult to find a secured and trustworthy investment holding. TecraCoin seems like a good place where investors can get to know new projects and technologies and invest there. Nice vision.
For these reasons, I give a 4/5 for the vision.
- Product : The GitHub is shared, so is the Business plan which is a key document when somebody looks for new projects to invest in. Most projects hide it either because they don't have one or because it is a weak one. Here I appreciate the transparency.
Therefore, I give a 4/5 for the product.
I invite investors to conduct their own DD before investing time / money on any project.
Rated on Mar 20, 2019
This company has been conducting advance research on a patented graphene technologies that radically change the desired properties of many technologies commonly used today, such as hydrophobicity, barrier properties, biocidal properties, thermal and electrical conductivity, and increase in sliding properties. This would be a game changer in the are of this technology using blockchain technology which will make the research more transparent.
Rated on Apr 8, 2019
Modified on Apr 8, 2019
Not clear how the Tecra blockchain will be secured, PoW yes, but the new blockchain might not be secure enough due to very little hashrate. Why a new blockchain instead of utilizing one already established (say BTC or ETH)?
What are the benefits of setting up an ICO instead of going for VC round? Why going for an ICO which will probably cause many headaches in the future? You mention that distributed ledger make investment more transparent and secure, although the reality is the opposite. There are very little obligations for you to disclose any type of financial data and there is close to none scrutiny from regulatory authorities.
If Tecra is a VC fund there are not enough info on the type of investments that will be made, there is nothing about the selection process, type of SPV that will be used and annexed fees or previous succesful exits. What about fees? carry? Success fees? Will the invest only in prop research or also third parties?
From an investor point of view, I don't believe there is any ground for purchasing TCR and seeing any ROI.
It is very clear, how the Tecra blockchain IS already secured. It is already working for months, unhacked. However, expecting growth of popularity (esp. after entering with the coins to the exchanges) we are preparing for the improvement in security mechanisms. Our new blockchain, which will be a fork of the old one, will still use PoW.
First, we will introduce MTP protocol to decrease the dependency on the large mining pools and ASIC producers. From this perspective, our chain will be more decentralised than Bitcoin today is.
Second, we are aware that we will not reach the hashpower of bitcoin and we know what the 51% attack is. To solve this problem we want to introduce dPoW (delayed PoW), which was created by Komodo. It leverages the hashrate of the Bitcoin network. Details are here: https://komodoplatform.com/security-delayed-proof-of-work-dpow/ In short, every 10 minutes a block hash from a block in the KMD chain is notarised into a block on the Bitcoin blockchain. Thanks to this, KMD blockchain has the same level of security as the Bitcoin network. After a notarization is completed, the KMD chain cannot be re-orged back past the block that was notarized. Hackers would need to overpower the Bitcoin network, what is not possible nowadays. As we already decided with Komodo, they will create a new chain for us, which will be a fork of their original chain on their smart contract. It will perform a similar function, as KMD plays with BTC. Thanks to this our blockchain will be as secure as Komodo chain, which in result, is as secure as Bitcoin.
Why not Bitcoin or Ethereum chains?
It is not possible to use smart contracts on BTC, and Rootstock is meeting our expectations.
ETH is also not a fast blockchain. We observe one new DEX that is being created with Plasma, but it sill will not meet our expectations. It will be fast, but it still will not be a blockchain tailor-made to be a basic for DEX.
We all know that the volatility of cryptos is high and it deters big business of planning their business-plans based on such changing conditions. This is a problem of using any blockchain, especially with smart contracts.
Ethereum and most other blockchains 2.0 are universal machines designed for all the purposes. We don’t aim to go to this direction; we want to build a specialised platform. Look at e.g. Stellar – it is brilliant in the goals that the team had. We want to build something similar, a blockchain specialised to be a platform for further DEXs, with our own for patents only as the first one (however we hope, not the only one). We know that despite its security, DEX face a lot of problems. Look at the approach of Binance and its DEX – they know what they are doing and how to make money. This is the road we want to go. |
Moreover, we want to enable private transactions. This is what Corda offers to financial institutions. But we want to have a public blockchain, not something like IBM’s ones. However, we are also aware of regulatory problems imposed by Monero and other privacy coins. We want to enable private transactions to a specified group of institutions. We have to comply with the low as we will be dealing with property rights, which are regulated by law in all the countries. We are aware of AML/KYC regulations, as some people of the team are actively engaged in promoting them in crypto world.
Last, but not the least, as we know from an EY leading blockchain consultant financial markets and larger investors need a “fuse”, need to have a contact with people who can receive a complaint etc. DEX usually don’t offer such facilities, and if we rely on some external blockchains, in case of any technical problems we would only give up (and face eventual court hearings).
What’s more, our views are not ours only. The market has already positively verified our visions. We have over 400 masternodes already, a lot of miners. It means that there is a large group of people already who participate in development of the infrastructure of our blockchain. Of course, you may say they all be wrong, but we won’t dare saying so. That was a choice of our community, early adopters and believers.
What are the benefits of setting up an ICO instead of going for VC round?
VC rounds last similar time and we risk loosing control over our project. ICO model is quite simple and you can build a community of thousands of investors, and not a “community” of a few funds only. Hence, this is a long lasting discussion of ICO vs VC. While we work with blockchain for years we know all the pros and cons, are aware of risks and think that ICO and its various modifications (STO/ITO/IEO) will be the future of financing of high-tech projects. You can receive evaluation from the community spread in different countries, and not from several persons only, like in traditional approach.
You mention that distributed ledger make investment more transparent and secure, although the reality is the opposite. There are very little obligations for you to disclose any type of financial data and there is close to none scrutiny from regulatory authorities. We are open to disclose any information you need – ask for it. Such critique can be raised to any ICO startup, and not for us only.
We are not a public company quoted on stock markets, like almost all the startups in the world. They are also not under supervision of regulatory authorities. However, our company was registered in an EU country, with one of the most conservative financial supervisions in the world. We have cleared with the Financial Supervisory Commission what we can do and what is not allowed. We are not using such popular jurisdictions for ICOs like BVI or Marshall Islands. We have to submit our financial documents to the company register every year, and they are actually available for the public. In case of any problems with e.g. taxation, proper authorities will check us. They will find us, because all the co-owners are real persons, with real addresses and some of them are public figures.
If Tecra is a VC fund there are not enough info on the type of investments that will be made, there is nothing about the selection process, type of SPV that will be used and annexed fees or previous succesful exits. What about fees? carry? Success fees? Will the invest only in prop research or also third parties? Tecra is not a VC fund and as such doesn’t have an investment policy. It does not operate under the law of investment funds in Poland. This is a startup with one investment only, so far. We have recently invested in a company dealing with clearing wastes through the use of the newest technology, not used so far on the market.
The process of selection of projects will be supported by the voting of Tecra community. We will build a blockchain-based tool for that purpose (smart contract on our blockchain, of course).
Finally, any project (which successfully went through due diligence) can be listed on our platform. We will focus on high-tech research results of different inventors, research groups from different countries. Every case may be different, as the final profits are important and not the limits connected with having strict investment policy imposed by a limited number of investors, like in traditional VCs.
Experts are independently and voluntarily contributing to the community. If no expert has rated the ICO, only ICO analyzer's results are used. Always research before investing as these ratings should not be taken as an investing guide of any kind.
Ratings and ICO analyzer results are being updated (re-calculated) every few hours.
TeamApply as an advisor
IT Project Manager
Legal & Tax Expert
Krishnendu Chatterjee Ph.D.
IT Project Manager
Change from lyra2z to MTP. The vision of Satoshi Nakamoto is close to us, which is why we decided to use anti-ASIC resistant algo. One computer one voice.
Public mining will start with new reward form each block. Detailed info about rewards from block distribution is available here:
New mobile wallet, and new UI. We want add also few new features in the future.
We will be listed on big exchange.
We will create a one click MN program connected with new wallet. This will simplify whole process of creating super node.
Listing on second big exchange. Hope we will soon a new bull market
As you know, TecraCoin is an investment fund. We start preparation to launch graphene laboratory on commercial scale.
Deposit system will start earning TCR coins for investors from our deposit program. TCR are deposit on special address, it is some kind of PoS.
Place where investor can login, and check they ROI, market CARG, financial stats, and TECRA Ltd. with their SPV's investment.
The most exciting tool in the TecraCoin system. It allows the participation of the community in supporting science. Voting will be done by the amount of TCR on the wallet.
Another change of rewards distribution. More info here:
We will start working on our own blockchain, more dedicated to support science.