SMRT token is the gateway to smart contracts for startups and small businesses. Think of a vending machine that dispenses templates of smart contracts with a row for business formation, a row for intellectual property, a row for funding, a row for trading etc. Choose your template, insert your token, and get going on filling in the contract or engaging an expert to help you. The SMRT project is to create this vending machine and the user interface to turn the templates into executable contracts.
|Hard cap||53,000,000 USD|
|Token for sale||300,000,000 SMRT|
|Restricted countries||No restrictions|
|Whitepaper||Click Here For View Whitepaper|
|Website||Click Here For Visit ICO Homepage|
Most trade on the internet takes place in marketplaces. There are centralised ones like Amazon who control all the trading between parties, decentralised ones like eBay who allow peer to peer trading, and there are private marketplaces such as your own website where you arrange the whole process, banking and enforcement of the trade. SMRT are building interfaces for centralised, decentralised and private marketplaces, allowing SMRT smart contracts to be used on those that accept it or your own private website.
The Smart Startup Token (SMRT) is an ERC20 Token based on Ethereum technology: an open-source, public, blockchain-based distributed computing platform featuring smart contract functionality. The SMRT token itself will come in two flavours. These utility tokens are for ‘slotting into our vending machine’ for purchasing SMRT smart contract templates. The other flavour will be purchased at SMRT list price. Both tokens can be used to purchase any of SMRT smart contract templates. The Crowdsale token known as SMRT will be the only one traded on crypto exchanges.
On the SMRT Platform (smrt.network), customers will be able to purchase the tokens if they don’t have any and use them in SMRT ‘token vending machine’ to obtain the smart contract templates. They will be able to modify the templates using SMRT specially designed interface or utilise a service provider to help them. Platform providers and service providers will have their own are integrate the smart contract capabilities with their own platforms and businesses. There are exciting innovations SMRT are considering on the platform.
These automate the enforcement of commercial agreements by transferring digital assets such as digital money, updating accounts and recording key evidence or transactions on a blockchain. This means that the parties specified do not need to trust each other to carry out the agreement, the smart contract automates it. The type of smart contract we will be offering are Ricardian contracts which combine smart software contract code with a natural language contract so that interpretation and ambiguous situations such as human errors, unanticipated circumstances and cross border disputes can be resolved.
Through the smoke of ICOs, regulation, the “Bitcoin bubble”, volatile gains and falls, there is actually incredible technology making way for innovators. The SMRT team are industry
experts within the startup world with experience of platform creation, legal contracts,
blockchain development, regulation and building innovative businesses. The internet,
blockchain and AI are going to drive the next wave of startups that will lead SMRT economy. It has never been easier to innovate and start a business.
Speculation and volatility within the cryptocurrency industry is rife. Signs of a bubble are apparent, with people going through an investing frenzy without actually understanding or looking at the product, the company or reasons for price jumps/ hikes. One comment by an
“influencer” can cause a market to lose up to 30% or more within moments. Once the bubble “pops” it will mainly be the tokens with scalable real world solutions and tangible
business models that will survive and have value. SMRT have a real world solution, that needs a token and is linked to economic activity.
SMRT smart contract templates will cover basic contractual areas that startups and small businesses encounter such as shareholder and intellectual property agreements. More excitingly however, they will also cover finance and trading agreements in the way the Ethereum blockchain was originally designed for. Peer to Peer finance, in lending and equity, of the type Funding Circle and CrowdCube participate in, can be rolled into smart contracts.
Simon Krystman ENTREPRENEUR AND FOUNDER
Glen Parry BLOCKCHAIN AND ICO
Kelsey Paulding ICO AND REGULATION
Also Read – Click Here for Read All ICO Review
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