SMART REFINERY TECHNOLOGIES (SRT) - ICO REVIEW

The first part of my review of the SRT project of Smart Refinery Technologies provided general information about the company, the basic principles of work, the problems that the project team aims to solve, as well as the architecture of the platform. In the second part of my review, I will focus on the structure that will be used on the platform, the main characteristics of the token, the features of the ICO project, as well as those who implement this wonderful idea in life - the project team.

SRT PAYMENT INFORMATION

In order to improve efficiency, profitability and capitalization of the platform and its coins, the economic structure of SRT provides for the following payment features:

• Small refineries in the network will pay royalties to the SRT group of companies for each ton of refined oil.
• All calculations that must be made and recorded on the blockchain will automatically increase the transparency, reliability and security of the platform.
• Royalties can be paid in cash or in SRT coins. Payment by tokens allows you to receive a 20% discount on the amount of the payment. This discount will serve as an incentive for investors to use the card, not the money on the platform.
• SRT will continuously reduce the number of tokens in circulation. 80% of the tokens that are received as royalties will be removed from circulation by withdrawing from use, thus reducing the total number of tokens every day.
• The price of the SRT will be adjusted for the market depending on supply and demand based on the results of the stock exchange related to the purchase and sale of the token to ensure a reasonable price. This price stability of the SRT token will ensure a steady and stable demand for it.

Image showing the rise in prices for the token at a different stage of time taken from the official project website: http://srtcoin.io/ru

USE AND MAIN CHARACTERISTICS OF SRT TOKEN

The SRT coin is a utility token that will be used during operations on the blockchain platform in order to manage license payments (royalties) at refineries, as well as to pay trade commissions and payments for transactions in the network. The SRT - ERC-20 token standard will allow using the existing network infrastructure of the Ethereum blockchain for storing tokens and conducting transactions. The release of tokens is limited to 100 million SRT coins. There will also be implemented a token burning program “Payment for commission”.

SRT tokens can be used to obtain discounts when settling payments between refineries and equipment suppliers. Tokens can also be used as a pledge, as well as to confirm the status of a participant in a particular club’s role as active project participants.

The image "Token Issue Distribution" is taken from the official project website: http://srtcoin.io/ru

SRT token and ICO details:

• Token Symbol - SRT
• Token Standard - ERC-20
• The total number of tokens - 100 000 000 SRT
• Tokens for sale - 62,000,000 SRT
• The price of a token at the stage of pre ICO - 1 SRT = 0.5 USD
• Price at the ICO stage - 1 SRT = 1 USD
• Accepted currencies - ETH, BTC, LTC, ZEC, DASH, USD
• Soft cap - 500 000 USD
• Hard cap - 5 000 000 USD

To purchase you will need to go through a simple registration on the site http://srtcoin.io/ru

To buy SRT coins, you must have your own Etherium wallet with support for standard ERC20 tokens. For example, MyEtherWallet.com or Parity.io wallets, which are often used to purchase tokens. Send the necessary tokens to the official address of the smart contract. You will receive the SRT token in the wallet that you specified when purchasing. A warning! When buying coins SRT for payment, use only the address listed on the official site. Addresses specified in other places, including newsletters sent by e-mail, messages in Telegram, etc., may belong to fraudsters!

THE PROJECT TEAM

The project team consists of people who have extensive experience in the production of equipment for oil refining, industrial development, and information technology. In general, the project includes those who know everything about oil refining and processing equipment. The group also includes the well-known Doctor of Engineering Sciences, Professor of the Petrochemical Industry Department, the author of over 400 scientific papers, Alexander Gaile.

MORE INFORMATION ABOUT THE SRT PROJECT YOU CAN FIND OUT BY REFERENCE:

Website: http://srtcoin.io/ru
Whitepaper: http://srtcoin.io/docs/en/wp.pdf
Facebook: https://www.facebook.com/SmartRefinery/
Twitter: https://twitter.com/SmartRefinery
Telegram: https://t.me/SmartRefinery 

Author: Firmansyah Septyadi (septyadf1)
https://bitcointalk.org/index.php?action=profile;u=1550748
ETH :  0x4B1467CD104e1d89cE8272316cedD4387d94c47E