Have you had an encounter with a health platform that caters for the health of the world and brings amazing profit to its contributors? SRCOIN ICO. This is a type of cryptocurrency that is taking the world by surprise, it is beneficial to its participants since they will in future earn a profit and also to the world's health by assisting in diagnosis and prevention of diseases. We will be offering massage chairs to clients, the massage chairs collect patient's details and create a platform via network hubs by use of blockchain technology.
SRCOIN is an ERC20 token on the Ethereum BlockChain and through crowdfunding, will be distributed to ICO contributors as a cryptocurrency token. 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 buyback & burn policy every quarter. Hence, SRCOIN’s outstanding supply will decrease, and the possibility of SRCOIN’s price increasing will be higher.
Through 6 years of continually implementing our buy back & burn policy, SRCOIN holders will benefit from owning a cryptocurrency token that is constantly increasing in scarcity value. If all ICO contributors do not want to sell SRCOINs during a buy back, the funds designated for the buy back will be retained and will be added to the next buy back.The funds for the buyback will be thoroughly managed separately and will go through an audit by a third party accounting firm.
The buyback & burn policy results will be posted on SRCOIN.INFO. 20% of the profits madeover 3 years will be returned to ICO contributors in the form of Ethereum. ICO contributors do not have to sell any SRCOINs in order to receive their share of Ethereum through the smart contracts on the BlockChain.
Advantages of SRCOIN ICO
1. It's value is supported by underlying assets.
The introduction of SRCOINs is to curb the problem of cryptocurrencies lacking underlying assets.
SRCOIN is made so that the accounts receivable from subscription payments that customers pay for the products rented serve as the underlying assets. In essence, the cash flow from accounts receivable will be the underlying assets that support the value of SRCOINs.
Here, an account receivable (AR) refers to a subscription contract for at least 60 months and the monthly cash flow that results from it.
➢ AR = (Monthly Subscription Fee) * (60 months)
➢ AR from a subscription contract of 1 unit of Massage Chair = US $4,967
➢ Hence, if there are new subscription contracts for 1500 units each month, the resulting increase in AR for 1 year is US $89.4 million. (1500 units * $4,967 * 12 months)
In particular, the cash flow from subscription contracts for massage chairs, as follows from the contract itself, is guaranteed because the customers are legally responsible for paying the monthly subscription fees for the time period outlined in the contract. For this reason, SRCOIN differentiates itself from other cryptocurrencies by offering a stability in value that others lack.
2. No risk of business not being established or not proceeding once SRCOIN ICO becomes a success.
After the crowdsale of SRCOINs, the funds gathered will be invested in K Rental, an already established company, and its project for starting the massage chair subscription business. This indicates there is fundamentally no risk of business not proceeding, meaning safety of investment and stability is guaranteed.
3. Through our “buyback & burn” policy, we will constantly maintain SRCOIN’s scarcity and create a stimulus for SRCOIN’s price to rise. This policy is scheduled to run for 6 years, and during this time, people holding SRCOINs will acquire a helping hand in gaining profits.
Anjana Aiya, [23.02.18 21:27]
4. ICO contributors will receive profits in the form of Ethereum currency since for the first 3 years, 20% of the profits that result from the massage chair subscription business will be returned to them. Through this ICO contributors will be able to get a significant value of their Ethereum contribution without having to sell any SRCOINs. We will send the Ethereum through utilizing BlockChain’s smart contract. Whether SRCOIN's ICO contributors sell or don't sell their SRCOINs they will continue to get their Ethereum of 20% profit for 3 years, there is a high possibility of an increase in the price of Ethereum hence an added advantage. Ethereum will be sent via BlockChain to each ICO contributor’s coin wallet.
Values of SRCOINs
Upon the completion of ICO, SRCOINs will as well be used in the real world. Just in the same way Bitcoin's worth was verified by how people could purchase pizzas with it, you will be a firsthand witness of SRCOINs being used in the real world.
SRCOINs will be valuable in the following ways
1) The SRCOIN project will support health data platform to Hospitals, Sports centers, Pharmaceutical company and Government. They can pay the health data usage fee with SRCOIN (or Cash).2) SRCOIN holders will be able to purchase water purifiers, massage chairs, and other appliances from K Rental using SRCOINs.3) The current 140,000 customers (and those in the future) will have the option of paying their subscription fees with SRCOINs.4) K Rental will issue SRCOINs to its 5,000 employees in value equivalent to their salaries as compensation, which will present the immediate use case and the real value of SRCOINs.5) If successfully executed, SRCOINs will have a high possibility of becoming a medium of exchange/ payment for industries related to K Rental.
If SRCOIN starts to be used as elaborated above, the trade volume and value of SRCOINS will greatly benefit and increase hence more benefits to contributors.
Conclusions
SRCOIN ICO is a cryptocurrency of its own kind and uniqueness, apart from contributing in a bigger percentage to the health of the world it also benefits contributors. To be brief:
1) Through our SR Health app, customers will closely monitor their own health and immediately send the required information to medical institutions if needed. This will lead to a decreased medical expenses and an increased efficiency in maintaining ones’ health.2) Government expenditure can be decreased by more than 30% through more effective adult preventive care using time series health data.
3) Medical institutions, like drugstores, will be able to improve their business and accessibility through the use of the health database
4) Health-related research facilities will be able to reduce expenditures on searching for needed patients and information and focus on the research itself.
5) The SRCOIN project will support health data platform to Sports centers, Hospitals, Pharmaceutical company and Government. They may easily pay for the health data usage fee with SRCOIN.
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