What
is Swachhcoin?
Swachhcoin Foundation is
a non profit organization whose primary objective is to work extensively to
overhaul the waste management sector by acting as a complete technology
developer and service provider in this domain. Swachhcoin will make the
existing waste management industries as efficient and capable as possible so
that they become technologically and otherwise able to tackle the imminent
waste management crisis the world faces at this very moment. Apart from working
with industries, Swachhcoin will develop an ecosystem where individuals on a
mass level are made aware of the possibilities of waste around them so that
they understand their roles and responsibility and act accordingly.
Initial
Development & Partnership Strategy
In order to kickstart
this project, and scale it to the aimed level, we understand that we need to
build up a network of highly capable and influential partners who will catalyse
this process. Swachhcoin is already working on it and has been successful thus
far. We have finalised partnerships with number of organisation and are also in
the final talks with more of them to come aboard. The names of our partners and
collaborators will be strategically revealed as suggested by the team managing
our ICO campaign. This process has also been made easy with the help of our
parent organisation Community Tech Labs which has experience of launching a
number of cryptocurrency and blockchain projects. Large scale expansion and
platform adoption on a global scale opens up large scale manufacturing
opportunities to manufacturers, particularly for the tools developed by
Swachhcoin, namely, SwBIN. Various large scale manufacturers have been
approached to setup plans in India and at other feasible location depending
upon the organisation. We are also in talks with government entities to fulfill
their waste management ambitions using the broad and robust technology
developed by Swachhcoin.
How
are we different ?
The platform offered by
Swachhcoin is unique in number of ways. Currently there are other waste
management platform but none of them are as broad and as technically advanced
as Swachhcoin. Some of the features which makes us unique are:
1.
Users are given monetary incentive to
manage their waste ,whereas, traditionally people used to pay for their waste
to be collected from their homes.
2.
The range of outputs produced after
processing the waste are over Twenty.
3.
Leveraging not one, but four most advanced
technologies i.e. AI, Big Data, IoT and Blockchain.
4.
Freedom to sell and buy produced output in
both Fiat and Tokens.
5.
Apart from profit making business model, our
platform has integrated autonomous philanthropy mechanism.
The above mentioned key
featured makes this platform better than any other available and years of
research, correct partnerships and development gives us edge over any
developing platform in this domain.
Token
Utility
Swachh Tokens are 100%
utility tokens and will remain that way. The Swachhcoin aims to provide as many
utility and use cases as possible to the token holders. The utilities mainly
comprises of that related to solving daily life problem and platform specific
payment settlements.
Some of the major utility
or use cases of Swachhcoin are:
1. Receiving reward for
proper waste disposal.
2. Buying output(s)
produced by waste processing industry.
3. Paying for availing
decentralised advertisement services
4. With wider acceptance,
Swachh tokens will also be used for micro payments at increasing number of
merchants at various geographic locations globally.
5. Token holder can use
their tokens to donate funds to the partnered organisation of Swachhcoin’s
interest, in a fair and transparent manner via Blockchain thus eliminating the
chance of possible leakage and corruption. Donations can also be made for
special causes at specific times, like in the event of a natural disaster, etc.
6. Token Holder will be
able to use their tokens to exercise voting rights on the platforms, including
taking part in decisions related to top tier management.
7. Raise a proposal to
add an organisation in the list of NGOs that receives philanthropic funding
from Swachhcoin.
The utility and use cases
of Swachh token will keep on increasing with time as we integrate and deploy
the infrastructure with the existing and new partner organisation. The token is
designed and planned to become the dominating payment settlement method in the
waste management industry and at the same time, solving payment needs like that
related to everyday domestic household needs like but not limited to grocery
shopping, paying utility bills etc. These utilities may change over a period of
time, particularly after the deployment of our own Blockchain network. The
governance related to tokens are done solely based on the set of policies as
outlined in Terms and Conditions of the Token Sale.
Projected
use of Contributions
After the end of token
sale, the raised funds will be allocated as mentioned below:
Asset
Allocation
Platform and Model Plant
Development: 70%
Working Capital: 10%
Marketing: 5%
Treasury: 10%
Blockchain
Development: 5%
The above mentioned
allocations have been finalised after proper research and evaluation and can be
assumed to be followed under all circumstances. Any unlikely marginal
deviations will be made public as per our transparency policy.
Crisis
Management
Crisis can happen in any
organisation at any time for numerous reasons. Some can be foreseen and others
not. There can also be numerous accountable and unaccountable factors that can
contribute to the same. Some of these factor may or may not be in the control
of the organisation in question. It takes years of understanding and planning
to be prepared and able to cope up with the adversities arising from the same.
The domain in which Swachhcoin works is relatively new and is more or less
prone to these things as suggested by many industry experts.
Swachhcoin, in order to
cope up with such an event has the following arrangements in place and will
also keep working on the same to improve continuously
1. A treasury will be
maintained out of which, 29% of the funds will be reserved in order to handle
any such circumstances.
2. A team in the R&D
department will be dedicated to work in this department continuously.
3. Swachhcoin will
organise bug bounties from time to time to minimise, if not avoid the damage
from the same.
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