SINTEC
A Unique blockchain option for a product in a real industry
Product.
Polymer bituminous binders (PBB) what is that? Have you ever heard about that? To be honest, me not. But, actually we all know what is that.
PBB — is a polymer composite consisting of а high molecular weight petroleum solvent agent, polymers (rubber chips), fillers contained in a polymer, a protonated complex and various modifiers.
It is used almost in every thing surround us, like: roads, accumulator batteries, paints, cables and so on…
So product is definitely in high demand, also research of Sintec tells that: The demand for polymer bituminous binders is several times higher than the capacity of the plant, that will provide guaranteed sale of the product and return on investment.
Company.
Company itself is located in Skolkovo, Russian Federation. And project itself was developed at Moscow. The project is aimed at diversifying the economy of the municipal formations of the Kemerovo Region. I would say it Russia got a big experience of production and development of rubber/oil products, and it will be using of nanotechnologies, where no analogues exist in the world. As well, samples successfully passed technological tests in Russia and China. More technical, chemistry details you can find in business plan of Sintec, link you can find at the bottom of this blog.
Blockchain.
Next question is how Sintec will use blochain technology in this project. Here is an answer:
To ensure the transparency of the financial and technological flows of the project, the blockchain electronic document management system (BEDMS) will be used on the basis of an electronic document circulation system with open source Alfresco Community Editions and database on the blockchain. All ongoing financial payments and deductions, contracts, internal project documents, internal documents of the project production invoices for production leave, will be signed electronically and registered in the blockchain (similar to BEDMS DocSensus of Deloitte). Any investor will be able to fully control all stages of project implementation, shipment of finished products, etc. To ensure protection against forgery and any manipulation of SINTEC products, each lot will be marked with a chemical marker with registration in the blockchain. Thus, if the products are used as an example for the production of roadway cover, it will always be possible to determine in which area the batch of products was used and from the calculation of the service life, it will be possible to plan repair and other types of work, and, accordingly, to plan financial costs for servicing organizations. If in the future, the tax service will use the blockchain technology, there will be no need to send any reports, as all information will be available in real time and fully transparent to any regulatory authorities.
Summarizing all of the above: Sintec will use blockchain to visibility of whole project and all steps of a product.
Guarantees.
What I found really interesting — by buying 1 Sintec token, you buy 14 kg of PBB, so tokens got real value in product. Also Sintec pretend to be the first company that compensates lost profits in the case that the rate of invested cryptocurrencies rises. So basically there are almost no risk in case of rate change.
This is not the only one good thing what offer Sintec. There are few more to come:
- By buying SINT tokens during the ICO, investors receive a guarantee that their initial investment will grow by over 100%. In order for this to happen, investors simply need to declare their intent to sell tokens at any time, starting March 2019
- SINT tokens are backed by raw materials — polymer bituminous binders. Starting March 2019, any investors will be able to exchange his tokens for raw materials at the first demand
- During the time of the ICO, the cost of 1 ton of raw materials will be fixed to 21 000 rub. If a request for a repurchase is submitted, and the cost of the raw material grows, then the cost of the token will grow proportionately
- If the cost of the cryptocurrency that the investor used as an investment grows when SINT tokens are presented for a buyback, tokens will be able to be returned at the going rate. Thus, investing in SINT also means that you are investing in Bitcoin and Ethereum
- If an investor decides to sell tokens immediately after March 2019. Then that investor will will earn 8.5% dividends per annum, credited each month
Sintec pretend to be one of most promising projects I ever reviewed and I am very excited about ICO.
ICO.
ICO will start 25 January 2018 and involves a 30-day period. You will be able to use USD, BTC, ETH and other crypto-currencies to participate. Price is fixed, 1 SINT = 5 USD. But there are discounts for early investors:
1st day — 50% discount.
2nd day — 50% discount.
3rd day — 50% discount.
4th-6th day — 40% discount.
7th-13th day — 35% discount.
14th-20th- 30% discount.
27th- 30th- 25% discount.
So basically, 25 January 2018 price will be 2,5 USD for 1 SINT. Minimum amount of investment is 5 USD.
Project will use Ethereum blockchain platform and ERC20 token.
Total amount of tokens issued will be 13,200,000 from them 11,000,000 will be sold during ICO, and rest 2,200,000 tokens will be used to pay developers and bounties. Project requires 30 million $, we even can see for what:
1St stage:
The largest share belongs to the acquisition of a land plot (S=8,633 acres) with necessary infrastructure facilities — $5.1 million.
The project documentation — $0, 69 million
The construction of industrial and storage facilities — $ 4.95 million.
The construction of tanks for PBB, tar oil, fuel oil and reagents — $ 1.34 million.
The cost of production equipment is $ 10.72 million.
The acquisition of equipment — $ 2.01 million.
The operating expenses — $ 5.19 million.
So that way we got HardCap of 30 Million USD
(Information about stage 2 and 3 you can find in whitepapers)
And what else, Sintec gives you 100% Guarantee to double your investment by March 2019.
Summary.
Unfortunately I´m not a high-tech specialist, but I believe project that is developed will have huge demand in future. So that way Sintec will be able to fulfill all guarantees and pay debts J
Double of investment in 1 year period might be not the biggest in Crypto World, but it is 100% guarantee, no one gave it before. So keep an eye on this project, and maybe mark 25/01/2018 in your calendar.
More Information:
Sintec website — http://www.sintec.io/
Business plan — http://www.sintec.io/static/ver119/pages/business_plan/en.pdf
Sintec, how it works — https://drive.google.com/file/d/16hoDbl20Vh7Rjcr1te5QGOccSaGr7izt/view
Author: Yuni comel
https://bitcointalk.org/index.php?action=profile;u=1350925
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