15 Insights on Sandcoin
Sep 07, 2017 Posted / 3137 Views
It is the world's first electronic option for high-quality sand. It is the first ever sand quarry project funded through raising cryptocurrency via creating a blockchain option for mining non-metallic materials. SAND COIN is a blockchain derivative based on a real product.
The goal of the project is to raise funds via a blockchain system and an ICO to develop a sand quarry in the Moscow Region. Through creating a real product based blockchain option for a low price and issuing SAND COIN, which includes entering the cryptocurrency market and subsequent buy back, they offer a profitable asset to interested investors.
a. Raising funds for financing the sand quarry development.
b. Sand quarry development, building infrastructure and purchase of equipment, acquisition of the final required documentation.
c. Mining and sale of the product
d. Development of new quarries under the SAND COIN project.
e. Integration of partners - other sand quarries and non-metallic material deposits into SAND CO
The creation of a new economic system for the non-metallic material and construction business via the blockchain technology, which would allow business owners, investors and private entities to participate in the development of a new digital economy, for profit.
Their project is an opportunity to invest into SAND COIN blockchain option implemented through a blockchain platform and based on a real product - cubic meters of mortar sand.
a. The total volume of sand is estimated to be 14.4 million cubic meters.
b. The average market price of 1 cubic meter of sand is $5.30.
c. Estimated total earnings of the quarry - 14 400 000 m3 * $5.30 is equal to $76 320000.
d. The volume of sand sold during pre-ICO and ICO - 3.4 million m3 is equal to 3 400000 SAND COIN.
e. The price offered to investors during crowdsale $0.95 - $1.35 is equal to 1 m3 ($0.95 - $1.35 is equal to 1 SAND COIN).
a. ICO is from September - October 2017
b. During the ICO investors will be offered to purchase a block-chain option of 3 170 000 cubic meters of sand (3 170 000 SAND COIN) where
1 SAND COIN is equal to $1.25 - $1.35
c. The minimal milestone of the ICO - $1 175 000
a. October 2017 to April 2018:
Connecting power grids, construction of the infrastructure necessary for sand mining, purchase of equipment.
b. May 2018
Conducting stripping work, the beginning of quarry development
c. July 2018 "The buy back launch"
SAND COIN blockchain options buy back will start 9 months after fundraising ends. SAND COIN plans to buy back 10% of SAND COIN with subsequent burning every year, until buying back up to 50% SAND COIN from the market. Investors will also have the right to exchange SAND COIN for an equivalent amount of cubic meters of sand (1 SAND COIN is equal to 1m3 of sand).
a. February 2019
Partnering up with other non-metallic material quarries, connecting them to the SAND COIN system.
Launching the development of a second sand quarry
Its based on Ethereum Platform. Total tokens are 3,400,000 SND, where in PRE-ICO 230,000 SND were alloted and 1 SND was equal to 0.95 USD
In the ICO 3,170,000 SND will be released, where 1 SND will be equal to 1.25 - 1.35 USD. The ICO date is18 September 2017.
a. Legal documentation preparation
b. Connecting to the power grid, lighting
c. Entrance complex construction
d. Outbuildings construction
e. First stage expenses are $1 175 000
a. Stripping works
b. Purchase of equipment
c. Purchase of vehicles for sand transportation
d. Second stage expenses - $2 353 600.
Their team consists of builders, both open and closed pit sand mining specialists, engineers, non-metallic material quarrying specialists, chemists and managers with extensive experience in their fields. Their ICO organizers have more than 15 years of experience in the construction market. They work with major road construction companies, residential developers in Moscow and state-owned construction companies.
The exemplary scenario for SAND COIN is to see the whole of their country’s conservative industry and businesses move forward and embrace blockchain technologies and ways of fundraising. Their goal is to become the foundation of this change by being the first company raising funds for mining non-metallic materials through holding an ICO.
Attracting other conservative non-metallic material market actors to work with them within the SAND COIN system is their more ambitious goal. Being confident on the fact that their current mining capacity is not enough to satisfy the growing demand in their region, they plan to launch the development of a second sand quarry within two years.
Applancer is an open platform for discussion on all things like Blockchain , Cryptocurrency and Ico news updates. As such, the opinions expressed in this article are the author's own and do not necessarily reflect the view of Applancer .
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