Jalan Sukses: SWACHHCOIN

ABOUT SWACHHCOIN

Swachhcoin Foundation is a non-commercial organization in the sector of waste management. Its activity is directed both at industries to boost their efficiency, and individuals on a mass scale, to raise their awareness and understanding of the issue and change their habits. One of Swachhcoin projects is a blockchain-based platform aimed at micromanagement of domestic and industrial wastes and turning them into items of use. Conventionally people are accustomed to pay for waste collection from their households. The users of the platform, on the contrary, will receive financial incentives for their waste management.

Swachhcoin aims to develop a revolutionary model platform to disrupt the waste management sector using advanced, coming of age technologies like IoT, Adaptive Intelligence, Big Data and Blockchain for existing waste management companies where the household waste contributors are rewarded for the waste they produce that is ultimately converted into products of high economic value. Not only this, by adapting Swachhcoin platform, the waste management companies will be able to dramatically increase their profits while increasing and easing their operational efficiency and capabilities. All this while creating a cleaner and greener environment.

SWACHHCOIN: PROBLEM TO SOLVE

Here’s how Swachhcoin explains the issues they’re trying to solve, as written in their whitepaper:
“Throughout the world, mankind is facing a massive problem of too much waste and scarcity of resources. The amount of waste being produced has kept on increasing over the years and the trend is expected to continue aggressively. According to some estimates, annual global waste generation is expected to reach approximately 2.5 Billion Tonnes well before the year 2030.”

The amount of waste isn’t exactly the issue: the issue is that we’re not very good at converting waste into usable materials:
“The amount of waste that being recycled or processed to make useful products out of it has completely failed to catch up with the waste generation levels,” explains the official Swachhcoin whitepaper.

HOW SWACHHCOIN WORKS

Obviously, solving the global waste management industry’s core problems is not an easy endeavor. How does Swachhcoin plan to solve these issues?

Swachhcoin understands that many people will not repurpose waste simply out of the kindness of their hearts; instead, people need a financial incentive to do so. With that in mind, Swachhcoin seeks to incentivize people monetarily in order to properly dispose of their waste.

With that goal in mind, Swachhcoin will create a global ecosystem that uses big data, blockchain technology, adaptive intelligence, internet of things (IoT) and other technologies to optimize the waste management industry. This ecosystem will revolve around the use of Swachh Tokens.

SWACHHCOIN PLATFORM FUNCTION

Some of the core functions of the Swachhcoin platform include:

Users will receive monetary incentives in exchange for properly managing their waste (under the traditional model, users have to pay for waste to be responsibly collected from their homes)
Processing waste will lead to at least 20 different outputs
Swachhcoin will use four advanced technologies, including AI, big data, IoT, and blockchain
The platform will integrate autonomous philanthropic work

The Swachhcoin whitepaper and website don’t do a great job of explaining the technical specifications of the platform or how it works. The company repeatedly mentions its plans to integrate blockchain technology, IoT data, and big data AI processing into its platform, for example, but there are few specific details on how they plan to do that. Here’s how the company explains its use of blockchain technology, for example:
“Blockchain: The entire Swachhcoin will be based on blockchain technology and fulled [sic] by Swachh Token.”

Poor grammar and spelling aside, we don’t know what the Swachhcoin blockchain does or how it will work. The lack of details seems unusual for a project preparing for its ICO. Typically, we like to see some type of finished product in place before a company asks investors for money.

SWACHHCOIN FEATURES

Swachhcoin’s website mentions all of the following features:

Swachhcoin Big Data:
Swachhcoin Big Data, or SWATA, is described as “the customized application of big data, designed and modified for waste processing industry.”

Swachhcoin DApp:
The platform’s decentralized app, or SWAPP, is the user interface that includes a wallet and information about the nearest SWBIN location, giving users an easy and convenient disposal experience.

Swachhcoin Bins:
SWBINs are customized waste collection bins designed by Swachhcoin. These bins will have “various features that enable highly effective waste disposal,” explains the official whitepaper.

SWIoT:
The Swachhcoin Internet of Things network is a customized IoT application designed to use IoT sensors to optimize the waste management industry.

Swachh Adaptive Intelligence:
SWATEL is “the customized application of adaptive intelligence designed and mofieid for waste processing industry,” explains the whitepaper.

Blockchain:
The platform will be based on blockchain technology.

As you can see, all of these features are vaguely defined. The information above comes straight from the whitepaper. There are few technical details about how the platform seeks to use these technologies.

ICO DETAILS

Category	Cryptocurrency, Ecology, Social & Non-profit
Country:	India
ICO date:	2018-03-31 / 2018-07-31
Ends In:	91 days
Website:	Go to Website
Token Symbol:	SCX
Token Platform:	Ethereum
Type:	ERC20
PreICO price:	1 SCX = 0.04 USD
Price in ICO:	1 SCX = 0.075 USD
Tokens for sale:	276,000,000
Soft Cap:	5,000,000 USD
Hard cap:	18,000,000 USD