SRCOIN is a token of ERC20 , which incorporate BlockChain
technology, The vision is to build a new network of funds through the
BlockChain and allow everyone in the world to contribute with any amount, whether
small or large, with a goal to create a comprehensible system for managing your
health. SRCOIN will be used to develop the health platform, generate revenue
through the subscription business, and redistribute profits made to the ICO
contributors by distributing coins that will be of greater value in the future
to come. They are targeting the US$2.2billion Singapore and Malaysian market
for massage chairs with a subscription business model, which will act as a
foundation to generating stable and long-term cash flow and increasing
intrinsic value of SRCOINs. The issuer of SRCOIN, K Rental, is a Korean-Malaysian
corporation that currently has the third largest market share in the subscription
business; K Rental has 78 stores across the country with over 5,000 employees
and is planning on IPO in the Singapore Stock Exchange in 2020. They have a
current market price of US$6.8 billion In the next 6 years, the expected return on SRCOIN
project will be 800%, due to their buyback and burn policy carried out via smart
contracts using BlockChain technology, this will lead to decrease in the amount of SRCOINs in circulation by -81% in
the next 6years. Therefore, increased profitability of their subscription and
enhance SRCOINs intrinsic value by 147 times more than its original value,
allowing ICO contributors to immediately find real value in SRCOINs and see a
robust path to profitability. With their health platform app, customers will be
able to closely monitor their own health and immediately send required
information to medical institutions if needed. This will lead to a decreased
medical expenses and an increased efficiency in maintaining ones’ health, Also,
medical institutions, such as drugstores, will be able to improve their
business and accessibility through the use of the health database. From the
completion of ICO, SRCOINs will be usable in the real world as well. Similar to
how Bitcoin’s worth was verified and people were able to purchase pizza with
it, you will also be able to witness SRCOIN’s usage in the real world
firsthand. SRCOIN holders will be able to purchase water
purifiers, massage chairs, and other appliances from K Rental using SRCOINs. The
current 140,000 customers (and those in the future) will have the option of
paying their subscription fees with SRCOINs. If successfully executed, SRCOINs
will have a high possibility of becoming a medium of exchange/payment for
industries related to K Rental, the trade volume and value of SRCOINS will
greatly benefit and increase. Message chair which is the health platform can
collect personal health data of all household members, collect blood pressure
level and has devices to measure heart rate, blood oxygen level, sleep
analysis, and various other types of health data https://www.srcoin.info/. Customers will be able to
easily access their health information collected by message chair using mobile
app or sending an email request the information. The gross margin of current
companies that sell massage chairs averages 58%, but their subscription
business’s gross margin will be 70%. SRCOIN’s ICO contributors, regardless of
whether they choose to sell or keep the SRCOINs, will continue to receive Ethereum
at the aforementioned amount for 3 years. There is high possibility that
Ethereum’s price will rise, so there could be at least 2 possible benefits from
investing in SRCOIN. Ethereum will be sent via BlockChain to each ICO
contributor’s coin wallet. The funds gathered through SRCOIN 's ICO will be
used to purchase necessary products for carrying out the subscription business
and to create and maintain the database for personal health data . Also, the
maintenance as well as the security of the database will be kept and monitored
through Block Chain technology. In the case that there are future regulations
against cryptocurrency, SRCOIN offers an exit option through swapping SRCOINs
with K Rental’s preferred stock. Currently, the price of K Rental’s stocks is
US $25 Until June 2018, the exchange rate will be 15,000 SRCOINs to 1 K Rental
stock, and after June 2018, the exchange rate will be updated and announced on
the website, https://www.srcoin.info/ Upon exchanging your SRCOINs to K Rental stock, you will
instantly earn a 67% profit on your investment. Also, this exchange from
SRCOINs to K Rental stock will reduce the outstanding supply of SRCOINs, which
will cause the price of SRCOINs to rise. In the event of heavy regulations on
cryptocurrency or a bubble in the cryptocurrency market, holders of other
cryptocurrencies may experience difficulty finding alternatives or liquidating
their assets, but SRCOIN holders can swap their RCOINs for K Rental stocks to
prevent significant loss. Profit can be expected if
SRCOIN holders decide to trade their coin for the K Rental stocks before June
2018.
·
15,000
SRCOINs = US $15
·
1 K
Rental Stock = US $25
·
15,000
SRCOINs = 1 K Rental Stock (Before June 2018)
By allowing the exchange
between SRCOINs and K Rental stocks, they are corroborating and strengthening
the stability and value of SRCOINs. SRCOIN is an ERC20 token on the Ethereum BlockChain and,
through crowdfunding, they will be distributed to ICO contributors as a cryptocurrency
token as stated in the whitepaper. https://www.srcoin.info/whitepapers
➢Number of available coins: 10.5 Billion
➢SRCOIN Price
·
1st Pre ICO: 1 ETH =
700,000 SRCOIN + Bonus 100,000 SRCOIN
▪Until 31st January 2018
(UTC)
·
2nd Pre ICO: 1 ETH =
700,000 SRCOIN + Bonus 100,000 SRCOIN
▪1st February 2018 -28th
February 2018 (UTC)
·
Main ICO: 1 ETH = 700,000 SRCOIN
▪1st March 2018 - 31st March 2018 (UTC)
➢Distribution:
·
Participants (70%)
·
Founding Team (15%)
·
Advisors & Early Investors (10%)
·
Sales Team (5%)
➢ICO Fund
utilization:
·
Asset Investment and App Development
(95%)
·
Project Operations (5%)
Through selling massage chair subscription plans to our
customers on a large scale through K Rental’s network, we will use 30% of the
profits generated to implement our buy back & burn policy every quarter.
Hence, SRCOIN’s outstanding supply will decrease, and the possibility of
SRCOIN’s price increasing will be higher. Therefore, for those ICO contributors
that want to prepare against the danger of cryptocurrencies lacking stability
in value, SRCOIN satisfies the 3 essential characteristics of viable and
lasting currency and provides attractive profits for those involved. https://www.srcoin.info/
Project Roadmap
