My previous article was about Smart Containers, a Switzerland based company, trying to revolutionize pharma and food-centric container shipping industry by incorporating cutting-edge technologies such as blockchain and IoT. In that article, I highlighted their upcoming blockchain based platform known as LOGI CHAIN which will be powered by a utility token known as LOGI. LOGI will be a critical component in the LOGI CHAIN ecosystem as it will be used by the different stakeholders for payments, invoicing etc. But LOGI is not the only token that is proposed by Smart Containers. There is another token called SMARC Coin that is also crucial to the success of the ecosystem.
Background
The Smart Containers Group is already a successful enterprise that has been operational for more than 5 years. During this time period, the group has managed to achieve around 100 patents. To gauge their success in the industry one needs to simply look at their clients - Roche, Takeda, Novartis, Kedrion, Grifols, etc. are all top notch companies operating in the pharmaceutical industry. Added to this list are two strategic partners - Emirates, and Cargolux; Smart Containers Group journey so far has been impressive. However, the group recognizes that the time is ripe for them to develop their key technologies and expand their business globally to reach more clients. Their brainchild project, SkyCell has already managed to become the fourth largest pharma-container provider globally. The new venture, known as FoodGuardians, is focused on food logistics industry and also looking forward to some exciting new partnerships. At this crucial stage of development of its subsidiaries, it makes perfect sense for Smart Containers Group to raise funds to scale their businesses.
What is SMARC Coin and Why is it relevant?
With a view to scaling their SkyCell and FoodGuardians projects, the Smart Containers Group is doing an ICO by introducing a new token known as SMARC token (SMARC). SMARC token (SMARC) is essentially a profit share token. It entitles the holders a 20% share of the prospective dividends and profits in the future. For example, if the company manages to generate profits in the financial year 2022, and subsequently the General Assembly of the same approves the dividend​ payout, then as a token holder, one will receive his profit share in the form of Ether, from a smart contract. The function of the smart contract is to distribute the profit proportionately to the token holdings. In summary, SMARC Coins is a means by which people all around the world can potentially gain by investing in an exciting company operating in one of the most niche industries around. The Smart Containers Group, on the other hand, will be able to generate the necessary funds needed to scale their companies and reach out to more partnerships.
The Smart Containers Group is raising around $36 USD through the ICO. The ICO, which received a strong interest from the crypto-community since its inception last month, is approaching its final hours. To participate in the ICO or to learn more about Smart Containers visit the Website
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Disclaimer: I am not a financial advisor. This post is not intended as an investment advice