SmartContractChain - The Crowdfunding Platform 2.0 based on Blockchain Technology

Dear followers, thanks for your followership, comments and feedbacks, i am here today to introduce to you one of its kind and amazing project, by the name SmartContractChain, a crowdfunding platform 2.0 based on blockchain technology introducing ILP and conventional Token Generation Events.

INTRODUCTION

Since the emergence of blockchain technology in 2008 when Satoshi Nakamoto introduced bitcoin, there have been rigorous efforts to apply the blockchain to several aspects of the global business process, Blockchain technology has been described as having the potential to disrupt many industries with a low-cost transaction, immutability, and enhanced security. In the years that have followed, many other blockchain implementations have been developed with each one exhibiting unique features tailored to specific use-cases.

Blockchain has made it possible to issue just about any asset via a distributed ledger framework. With the aid of cryptocurrency tokens, these assets can be given economic value in order to initiate and validate several transactional processes. Several on-chain protocols have been developed by a number of startups and established companies alike in order to create blockchain-based solutions.

As more technological advancements are uncovered, SmartContractChain, a crowdfunding platform 2.0 based on blockchain technology introducing ILP and conventional Token Generation Events came on board.

ABOUT CROWDFUNDING

Crowdsourcing business funding has been one of the miracles of the modern Internet age. Crowdfunding allows businesses with really great products and service ideas to raise funds from regular people in small investment amounts. When it works, it can really give your business a big boost.

One of the problems is that even with crowdfunding, this model is still extremely inefficient, with 78 percent of campaigns not reaching their target goals and only 1.9 percent of funds that are raised through crowdsourcing campaigns going to developing countries and that brings us to how blockchain is changing the crowdfunding landscape. Now, because blockchain makes the funding process safe, accessible from anywhere in the world, and completely transparent, crowdfunding platforms that use blockchain can help to maximize the success of a project."

Overview of SmartContractChain

SmartContractChain is a crowdfunding platform 2.0 based on blockchain technology introducing ILP and conventional Token Generation Events.

SmartContractChain platform (SCC platform) developed by Halisto GmbH was created with these capabilities in mind. SCC platform is a new and unique crowdfunding platform based entirely on the Blockchain and designed to facilitate open, honest investment with the potential for significant share of the SCC platform EBIT, especially, but not only in the space of research and development.

At its core, crowdfunding is a community activity that generates interest and mutual trust between creators and backers. It is a funding model built on honesty, allowing one to understand the goals of creators at an individual level. Blockchain and smartcontracts allow SCC platform to move the technical operations of crowdfunding to the back end, so the ecosystem participants can focus on finding the next big thing they’re excited to back and share.

As on of the possibilities SCC platform would support the revolutionary Initial loan procurement (ILP) process, which has various benefits for backers over the conventional Token Generation Event (TGE). It’s time to bring the most exciting form of personal investment and funding to the cryptocurrency space.

THE GOAL

The main goal of SmartContractChain developers is to provide an optimal level of security of investors ' funds and to improve the crowdfunding process through the use of Blockchain technology.

The Four Main Components of SmartContractChain

The work of the platform and interaction of project creators and investors will be provided by 4 main components of SmartContractChain:

The application, which includes a number of functions, a wallet for storing funds and a platform for buying or selling coins of a project;

Internal server for managing smart contracts and projects;

Wallet support technologies;

Trading platform P2P.

The most significant element of the platform will be the application with a graphical interface, which can be accessed through the platform's website or through smartphones and other gadgets. This application will contain the following elements:

A wallet that allows you to use absolutely any tokens for investing.

An analytical data center that allows you to view, allocate, and detail project data.

It is important to pay attention to the fact that within the framework of the platform, based on analytical data, each investor can withdraw already invested funds or increase his contribution. This procedure is provided through the creation of smart contracts, which also allow investors to return the funds if the project developers will not achieve their goals.

In addition, the SmartContractChain application will present a filter that allows you to distribute projects depending on their rating and orientation. All information about the companies will be stored in the backend service. At the same time, only those projects that have passed the verification process will be presented within the framework of the platform.

To ensure greater efficiency within SmartContractChain will also be presented P2P exchange allowing you to trade cryptocurrency assets.

The main resource of the platform will be SCC tokens, which will be charged as fees for operations within the SmartContractChain platform. These coins can be purchased during the ICO.

THE VISION

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 is 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 is 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 and distributed ledger technology to ensure that operating profit are assigned to investors in an auditable, immutable manner, all delivered across the stable and scalable Ethereum blockchain.

How SmartContractChain works

SCC platform provides a clear path toward safe, reliable investment and campaign development. SCC use existing best practices in the crowdfunding space as well as Blockchain-supported transparency to create a clear process. Each participant in any project has the visibility they need to feel safe about each project SCC platform is designed to help companies, projects, and entrepreneurs leverage latest coin tools and activities. It is designed to support multiple funding options and opportunities so project owners can reward investors in various ways.

ICOs are created through a strenuous process. Companies must create their own currency on a blockchain, a task that requires significant technological understanding. Once this is done, Budding must then find a way to publicly offer their coins, creating a unique platform that allows consumers to gain access to the product. and their currency

SmartContractChain goes through the whole process. They provide both a pre-built platform and their own decentralized currency, called coin (SCC). In addition, a variety of unique security features help provide a personalized way for consumers to invest and for companies to secure the funds they need.

The SmartContractChain Ecosystem

To foster growth and to ensure a steady circulation of SCC tokens, the system would create additional platforms to allow for owners of the token to sell goods and services. These platforms would host services such as translations, surveys, promotion, SEO or advertising and the creators would get help from the community. All participants can trade with each other utilizing the cryptocurrency thereby increasing use cases for the token and improving its monetary value.

SCC platform is focusing on developing feedback mechanisms for creators and providers to best judge and recommend partners throughout the process. For members who want to share their experiences and knowledge as well as carry out discussions about ideas to improve SCC, there will be a Community Forum as well.

Token Sale Details

The sale of SCC tokens will ensure that users are allowed to recieve a share of SCC projects Ebit. The terms of the sale and the specifics are detailed below to serve as future reference.

SCC platform reserves the right to adjust future spending totals and percentages based on the evolution of our ecosystem and success on completion of the TGE stage.

Token Details

Total SCC tokens to be created: 60’158’729 SCC

Available during token sale: 45’119’047 SCC (75%)

Token name: SCC

Fundraising goal: 30’000’000 $

Soft cap goal: 1’000’000 $

Token sale start: 15th of October

Sale end: 30th of December

Accepted currencies: ETH, BTC

Distribution of Tokens

ROADMAP AND DEVELOPMENT PLAN

February 2017

Following several failed Crowdfunding Investments, the Idea of Crowdfunding 2.0 was born

March 2017

A Team with different competencies came together.

April 2017

Market analysis revealed the high demand for a transparent and highly secure platform to facilitate crowdfunding

May 2017

First draft Business Plan and Strategy was created.

October 2017

Tokensale Application creation commenced.

December 2017

Preparations were underway for the TGE Launch.

January 2018

Draft Workout of the Whitepaper was readied.Userstories and Requirement spezification for SCC Platform.

February 2018

Whitepaper adjustment with questionary of Swiss Authority FINMA was prepared.

March 2018

Planning Infrastructure and internal Testsetup.

April 2018

Initial Smartcontract development for ILP Process.

July 2018

Deploying the Smartcontract for SCC Token.

September 2018

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.

October2018

Launch TCE for SmartContractChain.

December 2018

Sale End of TGE. Marketing activiy to get initial Projects for SCC Platform.

January 2019

Tokensupply / Distribution after TGE. Starting Develpment of Production System SCC Platform.

February 2019

Preview version for selected Audience to get Feedback. Outreach to external Exchanges to list SCC token.

March 2019

Beta Version, Auditing and Internal Tests.

April 2019

Release Candidate, Auditing and public Tests.

May 2019

Release 1 Version. App Development for Platform.

July 2019

Publish the Freelancer Platform as Servicelayer for SCC Platform.

August 2019

Partnership with Auditing services.

September 2019

Initial Version of AI for Big Data Analysis.

December 2019

Self funded R&D Projects based on AI Results with Community Lead.

July 2020

Creating a Foundation for R&D in Pharma and Medical Field.

December 2020

Active support to existing Metachains adding value to different Blockchain Frameworks.

July 2021

Incubation of value adding companies to SmartContractChain.

December 2021

Expanding and create Foundation on each Continent to support onsite activities.

July 2022

Creating a Donationplatform for the Foundations to self sustainability.

MEET THE AMAZING TEAM

RAJASEKARAN YOGARAJAH: PRODUCT OWNER

GNANASEKARAN YOGARAJAH: PROJECT MANAGER

CSABA UJVÁRI: SENIOR JAVA DEVELOPER

MÁTÉ GYÖMEREI: FRONTEND DEVELOPER

TARAS SAVCHUK: SYSTEM ADMIN

KARAN AHUJA: SENIOR BLOCKCHAIN DEVELOPER

ARNAV CHAUDHARY: BLOCKCHAIN DEVELOPER

JAY VASDEWANI: ENTREPRENEUR

DÁNIEL SZABÓ: DEVELOPER

Martin Horváth: DEVELOPER

Illés Máté: DEVELOPER

HARSH KUMAR: DESIGNER

NOTE: This article is just a guide to prospective clients, investors and every person scorching for a slice of this amazing project,

You can get more information about these project with huge potential by following the link below:

Website: https://smartcontractchain.io/

Whitepaper: https://smartcontractchain.io/fileadmin/whitepaper/whitepaper.pdf

ANN Thread: https://bitcointalk.org/index.php?topic=5047020.0

Medium: https://medium.com/@info_45286

Facebook: https://www.facebook.com/smartcontractchain

Twitter: https://twitter.com/ChainSmart

Instagram: https://www.instagram.com/smartcontractchain

Telegram: https://t.me/smartcontractchain_ico

PUBLISHER

bayo88

BITCOINTALK PROFILE: https://bitcointalk.org/index.php?action=profile;u=2407711