ScientificCoin is a blockchain-based crowdfunding platform. Its main purpose is to provide financial support for scientific projects. ScientificCoin provides an opportunity for any scientific project to raise funds.
The technologies and their products are aimed at benefiting society at a fair price. This includes developments vital to society and accessible to everyone, regardless of geopolitical, economic, or other conditions. Community interests are maintained due to decentralization.
A rating is calculated for each project participating in ScientificCoin. Each rating consists of two feasibility analysis types:
The mathematical algorithm is based on more than 70 main characteristics divided into 5 sections. The rating program for evaluating each project is based on a 9-month statistical project analysis, which follows the correlation regression model. When applying for a project evaluation, the applicant fills out a form with specific questions and indicators regarding the project. Then the program models the project's value according to the characteristics' correlation. The model rates the project according to the characteristics in each category.
Often, projects with great financial potential do not reach their financial goals due to lack of potential customers. To avoid this, it was decided to base the rating system not only on the objective analysis made by the mathematical algorithm, but also to consider project feasibility from a subjective point of view. Expert evaluation takes into account the opinion of every expert, independent of the project rating. Any SNcoin holder can influence the project's future by adjusting the rating.
HOW DOES IT WORKS
The ScientificCoin Expert Council will consist of an unlimited number of decentralized citizens of any country, who have different skills, knowledge, experience, and mentality.
Each expert will receive remuneration, which will be determined by the degree of involvement, rank, and quality of evaluation. These parameters will be fixed by the algorithm.
The algorithm will adjust the results of evaluation by people in any direction, in accordance with proven solutions used today in stock exchanges, insurance and investment companies.
ScientificCoin also provides the opportunity for Proof-of-Research mining based on BOINC technology. Projects supported by the ScientificCoin platform will be able to use the computing power of miners for research. This type of mining is available to any computer in the world.
Each SNcoin holder may receive remuneration by joining an expert evaluation council. Experts should analyze the need for such a product on the market, and then use the given methodology to investigate project feasibility.
ScientificCoin is a platform for creating smart contracts used exclusively for any sort of scientific development. Before creating a smart contract, the owner of а scientific project is required to obtain an expert panel report through our platform.
Developers can independently create unique smart contracts, choosing from a variety of parameters and terms by using ScientificCoin templates. The platform will automatically generate an individual contract based on ERC 20 with the label SNcoin. The released tokens will be automatically listed on ScientificCoin's partner exchanges as created by the platform.
ScientificCoin is a unique decentralized platform for scientific development based in the heart of Silicon Valley. Scientific Coin Inc is owned by several well-known scientists and founders of various successful startups. Scientific Coin Inc. is a parent company which has subsidiaries in Switzerland - an authorized cryptocurrency company, and Russia - the creator of the software, mathematical algorithms and other intellectual property.Projects will be able to raise the required funds, and investors will be able to reliably assess profitability and risk through our decentralized panel of experts.
Given the high reliability of expert opinion, a project with a good rating will be able to raise the necessary funding without much effort or advertising expense. Each project successfully funded through ScientificCoin pays 5% of the amount collected (these funds are distributed annually between the ScientificCoin holders).
SMART CONTRACT & EXPERT COUNCIL
Each smart contract issued for private financing of scientific developments will be preliminarily assessed. This will automatically affect the choice of investors and save time for both sides.
Thanks to the modern algorithm and the participation of an unlimited number of decentralized experts, the assessment of scientific projects will be very reliable. The majority of venture funds and state corporations are confronted with this problem in their work routinely, which leads to a large number of write-offs.
NO ABUSE, CORRUPTION or FINANCIAL MANIPULATIONS
HOW DOES IT WORKS
HOW DOES IT WORKS
Breakthrough opportunity for scientific developers to raise private funding
RELIABLE INVESTMENT TOOLS
Imagine a service that does not require you to advertise your project or spend time looking for investors. Developer expenses will not include advertising budgets or intermediary services. Moreover, it is an open secret that for real scientists it is way more difficult to promote their technologies than for successful businessmen.
MORE THAN CROWDFUNDING
A smart contracts based on ScientificCoin can only be created for truly innovative projects. No financial speculative ICOs, real estate, services, social networks or computer games. Only scientific developments can raise funding through the smart contract. Some of them will be high-yield and risky, while others might be socially useful or reliable, but less profitable.
The use of the hybrid algorithm to assess the prospects of funded projects will be highly effective. As a result of assessing an unlimited number of decentralized experts who own ScientificCoin, together with a complex algorithm, only effective projects with certain rating will be selected. The algorithm will prevent experts from succumbing to emotions or temporary trends, and an unlimited number of participants will be able to avoid fraud or funding really unsuccessful – from a commercial point of view – projects.
HYBRID MATHEMATICAL ALGORITHM
This algorithm will be one of the most important features of ScientificCoin. It will determine the annual issue of coins for mining and rewarding experts depending on multiple factors (the coin rate on exchanges, statistics of previously funded projects, etc.). The algorithm will be integrated into the blockchain system so as not to violate the principles of decentralization.
We are glad about your interest in the scientificcoin project. You can get a small amount of free coins using these two services: ScientificCoin platform and MonsterBrain. At the moment, ScientificCoin is at the stage of a closed token sale. If you want to purchase SNcoin, please fill out a short token purchase application and indicate your region of residence and your native language. The Scientificcoin manager in your region will process your application within two business days. In addition, please use our live Telegram chat in English.
We are glad to inform you that our team will present the Scientificcoin project at iBLOCKCHAIN SUMMIT, which will be held in Guangzhou China, on 2-3 November 2018
Due to the modern algorithm and the participation of an unlimited number of decentralized experts, the assessment of a smart contract will be the most reliable. The majority of venture funds and state corporations are confronted with this problem in their work, which leads to a large number of write-offs.