Papusha: A waste-processing equipment ICO
Even though many groups urge the world to shift away from using fossil fuels, for the foreseeable future oil and coal seem likely to continue to play a major part in the global economy. That being said, both economic and environmental considerations demand that something should be done to make fossil fuel production and use more efficient. Processing oil and coal combustion residues is a priority goal. The existing solutions are very expensive and at the same time leave much room for improvement.
Academician Anatoliy Ivanovich Papusha, a renowned Soviet and Russian scientist, has developed a cutting edge residue processing device based on the Papusha Rocket Technology that was officially recognised by the United Nations as a means of dealing with toxic waste. Papusha and his colleagues believe that this technology could be improved further and made more broadly available. To gather the starting funds necessary for this leap, they have turned to the method of cryptofunding.
What will Papusha Rocket Technology do?
The company will manufacture PRT-2 industrial units, which will use high-temperature transonic combustion to convert oil residues into useful substances (diesel, kerosene or gasoline) with 99% efficiency. Fuels will be accumulated in special tanks which could then be transported and sold to consumers. PRT-2 units will come in three varieties for different daily processing capacities (30, 60 or 90 tons). Later, the company plans to adapt the technology for processing coal residues and various types of toxic waste.
Units will be sold to refineries around the globe at the price of 950,000 USD per unit, which is much lower than the prices offered by the competition. 15% of the proceeds from each PRT-2 sold will go to the liquidity fund, which will be used to buy back and burn the project's PRT tokens from the exchange every three months. This will increase the value of the remaining tokens.
What might make this a worthwhile investment?
Papusha Rocket Technology turned to an ICO as a means of funding the project in hopes of attracting support from around the world in a comparatively streamlined and hassle-free way. Its offering is very straightforward and at the same time well-grounded, compared to other ICOs. Its team includes a team of veteran Soviet and Russian scientists, not least of all A. I. Papusha himself. His fuel efficiency knowhow goes back to the Soviet space program, and indeed the technology used here was originally developed for the Buran spacecraft in the 1980s.
The expertise and reputation of the science team is one of this project's main assets. The other is its minimum viable product: PRT-1, an industrial unit that uses the transonic pyrolysis method to process toxic waste (such as PCBs). The Russian government already uses PRT-1 for its intended purpose. PRT-2 is currently in development, but it is based on this well-tested technology and will simply need to miniaturised and adapted to the requirements of oil processing. Several refineries have already expressed interest in acquiring PRT-2. The company has pledged that its devices could only be used effectively to clean up new residues, rather than exploiting untapped fossil fuel resources, which would require a much higher capacity. That should make it more attractive from an eco-friendly perspective.
Token sale details
Cryptofunding a fuel efficiency revolution
Papusha Rocket Technology is an unusual ICO in that it solely uses its cryptocurrency as a means of funding. This is not an arbitrary decision, however, as an ICO really is more accessible than an IPO and is likely to attract people willing to invest in innovations. Using proven technology developed by reputable scientists makes it seem like a credible option compared to many others on the cryptocurrency market. It also has very good prospects for later development if it succeeds and makes good on its promise to start processing other types of waste.
Energy efficiency is certainly a very pressing concern right now, and if PRT's promise of providing a uniquely effective and affordable solution pans out, then its investors will be able to sell back its tokens at a major profit. Of course, there may be unexpected complications, such as stronger competition or development delays. But on the whole, the project seems both viable and timely.
Links:
Website: https://papusha.io/
WhitePaper: https://papusha.io/files/Whitepaper_ENG.pdf
Telegram: https://t.me/prt_chat
Facebook: https://bit.ly/2nf1uso
Twitter: https://twitter.com/papushatech
Medium: https://medium.com/@Papusha
ANN: https://bitcointalk.org/index.php?topic=4502678.0
Author: https://bitcointalk.org/index.php?action=profile;u=980049
Disclaimer
This review by Bonanza Kreep is all opinion and analysis, not investment advice.