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Smart Refinery Technologies Group, the developer of innovative technical solutions and equipment for the production of automobile fuels is creating the world's first blockchain platform for the oil refining industry. Smart Refinery Technologies is an all-up business process support platform, from production to selling fuel to consumers: Eco-friendly EURO-5 class fuel production management based on manufacturing modules of SRT Group. Trading based on decentralised fuel exchange with smart contracts-based payments. Pay fuel with cryptocurrency - fuel cards with cryptocurrency wallets integration gives an opportunity to pay fuel at petrol stations with cryptocurrency.
About SRT
Smart Refinery Technologies Group, the developer of innovative technical solutions and equipment for the production of automobile fuels is creating the world's first blockchain platform for the oil refining industry.
Project goal: revolutionary technology services launching in the global fuel market, size of which is more than $ 5 trillion US dollars. Services will be based on blockchain and artificial intelligence (AI) technologies.
Smart Refinery Technologies is an all-up business process support platform, from production to selling fuel to consumers:
Eco-friendly EURO-5 class fuel production management based on manufacturing modules of SRT Group. Trading based on decentralised fuel exchange with smart contracts-based payments. Pay fuel with cryptocurrency - fuel cards with cryptocurrency wallets integration gives an opportunity to pay fuel at petrol stations with cryptocurrency.
Platform advantages:
Fuel exchange and production business processes automation based on blockchain and artificial intelligence (AI) technologies Integration with industrial protocols of IIoT for ma complexes, logistics depots, payment terminals. P2P payments and smart-contracts support. High speed of transactions and a possibility to process more than 100,000 transactions per second. Low commissions – now more that $0,001 for transaction. Fuel trading convenient instrument for small and medium-sized businesses.
Project tokens: SRT-Coin – utility-token platform is a standard for trade commissions payments, royalties and payments for transactions within the network. The ERC-20 token standard will allow to use the existing Ethereum network infrastructure for storing tokens and conducting transactions. The issue of tokens is limited – 100.000.000 SRT-Coin. “Payment for commissions” tokens burning program will be implemented.
Team SRT consists of professionals: in the field of scientific research, blockchain developers, oil market experts. In SRT team there are 2 current professors, 4 doctors and Ph.D., professional managers with experience in world TOP-10 oil companies. The global increase in demand for fuel exceeds 5,000,000 tons annually. The market craves for innovative solutions to meet this demand. Join the blockchain revolution in the fuel business!
Using SRT-coin tokens
SRT-coin token is a utility token, which will be used in the operation of the blockchain platform of managing license payments of oil refineries, as well as in other ways described below:
Payment of license fees in the SRT platform
Companies wishing to become production partners of the platform and receive SRT Group's refinery equipment for lease on favorable terms should be holders of at least 10,000 SRT-coin Tokens. All production partners that are small tonnage oil refineries, will receive SRT Group equipment on long-term lease conditions with an obligation to pay royalties for the volumes of actually processed raw materials. Thus, greater the number of oil refineries connected to the platform, and greater the volume of raw materials processed, resulting in larger amounts of license fees collected. Payments under the license agreement will be denominated in a fiat currency depending on the provisions of local legislation. In most cases the US dollar will be used as the accounting currency. SRT Group Company will include into the license agreement a condition that, in case of payment of license fees using SRT-coin tokens, a discount of 20% from the sum of payment will be provided. This condition will be a direct economic incentive for participants to use tokens and purchase them for settlements of the accounts inside of Platform. At the same time, the amount of SRT-coin for the payment will be determined based on the current market price at the payment time, which in turn will be determined based on information about the purchase / sale transactions of SRT-coin on cryptocurrency exchanges or similar public trading platforms. If the local legislation will not allow oil processing companies to make payments via SRT-Coin, they will be able to deliver royalty payments in fiat currency, to the payment and license Agents, accredited in the system, whereas those registered in areas, where crypto-currencies can be officially used as a means of payment, or such payments are not prohibited by local legislation, will pay in SRT-Coins.
Payments for lease of equipment and other SRT Group services
Participants of the platform will be offered mechanisms for paying lease of production equipment and related services (engineering, start-up and commissioning of equipment, replacement (renewal) of catalysts in the production process, laboratory services and services of developing optimal technological regimes depending on the type and cost of raw materials and finished products in order to maximize profits of oil refineries).
Possibility of purchasing the goods and services of the platform participants
The participants of the SRT blockchain platform, which may be, including but not limited to oil refineries, oil producing companies, petroleum products traders, logistics companies, filling stations, etc. can accept SRT Coin as payment for their goods and services. Each of the participants independently takes a decision about this, based on their own interests and goals. The SRT-coin platform will provide the appropriate functionality for settlement of the accounts and creation of smart contracts.
The possibility of supporting the development of blockchain community and participation in the development of SRT blockchain platform.
The participants of the SRT platform can, using any means that are not prohibited by the law, support non-commercial, research initiatives and projects using the SRT-coin Tokens belonging to them, in order to develop the SRT blockchain platform, as well as to solve the topical problems of implementing the blockchain Technologies in the business processes of manufacturing companies and service providers.
The possibility to use SRT-coin Tokens to support charity, research and other socially useful projects.
The participants of the SRT platform can support any charity, research and other socially useful projects by any means, not prohibited by law, including charitable donations of the SRT-coin Tokens to specialized funds.
Economic and legal framework of SRT-COIN tokens
Tokens provide the right to receive discounts, when paying license fees (royalties), from licensed production of fuel using SRT Technologies. Tokens provide the right to realize the license rights on a certain territory, for all intellectual property objects of the issuing company, including those that were by any means acquired by SRT before the ICO (with fulfillment of certain additional conditions of license agreement), as well as of other companies participating in the platform...
Token Info
NO Name Symbol and Price
1 Token SRT
2 Platform Ethereum
3 Type ERC20
4 PreICO price 1 SRT = 0.5 USD
5 Price in ICO 1 SRT = 1 USD
6 Tokens for sale 62,000,000
Investment Info
NO Info Amount
1 Min. investment 50 USD
2 Accepting ETH, BTC, LTC, BCH, DASH
3 Soft cap 500,000 USD
4 Hard cap 5,000,000 USD
ICO details and SRT token code
SRT-Coin is the standard token code for trade commission payments, royalties, and payments for transactions in the SRT ecosystem. The ERC-20 token will allow the use of the existing Ethereum network infrastructure to store tags and execute transactions. Project SRT issue up to 100 million SRT-Coin. Distribute the tokens as below:
Payment structure of SRT
Smaller refineries in the network will pay royalties to the SRT Group for every ton of processed oil. All calculations to be made and recorded in the blockchain will automatically enhance the transparency and reliability of the platform. Royalties may be paid in cash or SRT coins.
Payment by Token allows 20% discount on payment amount. This discount will act as an incentive for investors to use the card rather than the money on the platform. SRT will continuously reduce the number of Token in circulation. 80% Tokens coming as royalties will be removed from circulation by culling leaving less total Token during the day. SRT prices will be adjusted according to the market depending on the demand and supply based on the results of the stock exchange involving the purchase and sale of Token to ensure a reasonable price. This Token price stability will ensure a steady, stable demand for them.
If want to information details, you can to visit below:
Website: http://srtcoin.io/en
Whitepaper: http://srtcoin.io/docs/en/wp.pdf
Facebook: https://www.facebook.com/SmartRefinery/
Twitter: https://twitter.com/SmartRefinery
Telegram: https://t.me/SmartRefinery
Author : sarta afdal17
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