SMART CONTAINER ICO REVIEW

SMART CONTAINER GROUP’s ICO

ICO simply means Initial coin offering. When I saw a notification about Smart Container Group going into an ICO, I felt like;

For real?

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SOURCE: PIXABAY

An established company generating good revenue: clamoring for more funding via ICO? Well suffice me to say that blockchain technology is not all about ICO. Lots of possibilities abounds. Once your challenge is defined; then the solution will surely pop up.
While this ICO appeals to the investors, the Smart Container Group is looking at the big picture of possibilities; embedded in the blockchain technology. These possibilities includes;

Streamlining the logistical processes like documentations and communications on blockchain.
Granting stakeholders in the logistics based shipments access to the relevant documentations via online reader and consequently process the relevant actions
Blockchain based payments using cryptocurrencies to be called “LUGO token”; to ease the time lag involved in haulages from and to their respective destinations, guarantee payment security and reduction in fees, through smart contracts
Integrate smart contracts to the functional sensors contained on the containers; which notifies the SCG on the dispatch, arrival and unloading of the container contents. The smart contracts is aimed at automating the invoicing and payments processes. Payments will be executed when the container is unloaded through cryptocurrency.

To this effect the management has approached the crypto community to raise USD36 million from an ICO through the SMARC token; which will necessitate the creation of a fully integrated logistic ecosystem, open to everyone within the industry. This ecosystem will be called LOGI CHAIN. To build and fuel this open source ecosystem, a utility token to be called the LOGI token will be created, while an independent foundation will oversee the LOGI token and the LOGI CHAIN economics, with the SCG; as a member of the foundation. A small part of the LOGI token in the value of USD 4 m will be offered to the crypto community, in a bid to fund the project.

USAGE OF THE GENERATED FUND

Continued scaling of the skycell in Business to Business(B2B) and Business to Customer(B2C) transactions
Improving the food guardians to contain their designated functions
Establish LOGI CHAIN foundation which is an independent body to oversee the crypto economics and dealings
Evaluate the financials at intervals when needed

PICTORIAL REPRESENTATION OF HOW THE FUNDS WILL BE UTILIZED:

SMARC COIN USAGE.png

SOURCE: SMART CONTAINER WHITEPAPER

LOGICOIN USAGE.png

SOURCE: SMART CONTAINER WHITEPAPER

WHY YOU SHOULD TAKE PART IN THIS ICO;

An already established business, generating revenues
Formidable management to ensure your investment thrives
Key company clients such as Roche, Novartis, etc.
Fourth largest player in the temperature sensitive pharma haulage
Largest clientele count of pharmaceutical companies
Over 100 patents to base technology, amongst others
Already established hardware sector, looking towards a unraveling compatible softwares aimed at tracking location and state of supplies on blockchain.
Proof of liquidity of the sector by the QuintilesIMS Institute and Evaluate Pharma
The above stated shows that this project has security and will remain stable on the long run, unlike the volatile nature adherent to most cryptos. On the attainment of the business scaling targets, it’s going to be a very lucreative investment for all.