Swachhcoin - Decentralising Waste Management

markascoinind (28)in #ico • 6 years ago

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.

SwAPP - Swachh DApp

Swachh Decentralised Application is a platform independent user interface to enable the community users interact with various platform exclusive features and participate in various campaign. The decentralised application will be built on ethereum blockchain. SwAPP is a combination of user friendly front end along with implemented smart contract which work on a predefined set of rules, guidelines and a 100% predictable model under a given set of circumstance and constraints. SwAPP is the one of the main requirement for a user to be able to actively take part and be associated with the community. The primary objective of DAapp creation is to build a user interface to ease the process of disposing off waste for domestic household contributor. Another important fundamental objective of DApp is to aware the community users about the possibility of waste around them and bring about a changes in their routine activities and influence the way people perceive waste in a positive manner. The same can be done in various ways by introducing users to, facts, articles, news, etc about the impact waste is creating on the environment.

The SwAPP will have all the basic fundamental characteristics of a DApp, namely:

Open Source: The source code of SwAPP will be available on Swachhcoin github repository.

Decentralized: SwAPP will leverage the Blockchain technologies and Smart Contracts built on top of Ethereum Blockchain.

Incentive: Community users will receive rewards for specified purpose.

Algorithm/Protocol: The SwAPP follows a predefined set of rules and protocol, all of which are open be be viewed and reviewed by all.

Revenue Sources

Swachhcoin will have two major and constant sources of revenue starting from first platform deployment. Swachhcoin will receive 1.5 % of the total reward distributed by the waste processing industry to the domestic household generator or perhaps to any waste disposer. Additionally, Swachhcoin will also receive 4% of the total amount paid by any token holder for advertising contents of SwBIN. Over a period of time, with widespread adoption, Swachhcoin will introduce other sources of revenue.

This May include:

1. Platform adoption fee.

2. Royalty for the use of patented technology.

3. Tender acquiring charges for large scale manufacturers of tools.

4. Lending Swachh network and its computing power.

5. Advertising Revenue generated from “Free wifi on SwBIN”.

In the process of determining the time and form of implementing these sources of revenue, the user community will have a fair share of role to play, and will have highly influential voting rights. Before any of the above or apart from these, any other sources of revenue are introduced into the platform, the same will have to go through the entire cycle of taking into account, opinion of community users democratically as well as opinion of each member of board for taking into account the expert opinion from the industry experts. Also, the suggestive implementation report will be re-evaluated based on preset criteria to determine if the time has come to introduce the source of revenue or not. The prime objective of such preset criteria’s is to verify and ascertain that no significant changes in the working of platform is done without taking all the steps to ensure it does not hamper our growth and expansion. Swachhcoin aims to become profitable by the end of Q3 2022. Swachhcoin believes that the widespread adoption of platform will need better financial scope of profitability and that too as soon as possible and the same will be taken care of, enabled and catalysed by Swachhcoin.

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.