SMART REFINERY TECHNOLOGIES(SRT) platform is enhancing services within the refinery industry by employing blockchain technology to facilitate production management as well as automobile fuel. Fuel traders have been facing problems of insecurity, exaggerated prices, lack of transparency as well as lack of accountability. Through blockchain, there will be a big change within this industry because the platform is going to adopt artificial intelligence alongside the blockchain technology to ensure that the prices are well calculated, faster transactions and transparency. The platform is also introducing the use of smart contracts that are fulfilled through the utilization of utility coin, the SRT token.
Smart Refinery Technologies Group, the developer of innovative technical solutions and equipment for the production of automobile fuels is creating the world’s first blockchain platform for the oil refining industry. Smart Refinery Technologies is an all-up business process support platform, from production to selling fuel to consumers: Eco-friendly EURO-5 class fuel production management based on manufacturing modules of SRT Group. Trading based on decentralised fuel exchange with smart contracts-based payments. Pay fuel with cryptocurrency – fuel cards with cryptocurrency wallets integration gives an opportunity to pay fuel at petrol stations with cryptocurrency.
Smart Refinery Technologies Group, the developer of innovative technical solutions and equipment for the production of automobile fuels is creating the world’s first blockchain platform for the oil refining industry.
Project goal: revolutionary technology services launching in the global fuel market, size of which is more than $ 5 trillion US dollars. Services will be based on blockchain and artificial intelligence (AI) technologies.
Smart Refinery Technologies is an all-up business process support platform, from production to selling fuel to consumers:
Eco-friendly EURO-5 class fuel production management based on manufacturing modules of SRT Group. Trading based on decentralised fuel exchange with smart contracts-based payments. Pay fuel with cryptocurrency – fuel cards with cryptocurrency wallets integration gives an opportunity to pay fuel at petrol stations with cryptocurrency.
Fuel exchange and production business processes automation based on blockchain and artificial intelligence (AI) technologies Integration with industrial protocols of IIoT for ma complexes, logistics depots, payment terminals. P2P payments and smart-contracts support. High speed of transactions and a possibility to process more than 100,000 transactions per second. Low commissions – now more that $0,001 for transaction. Fuel trading convenient instrument for small and medium-sized businesses.
Project tokens: SRT-Coin – utility-token platform is a standard for trade commissions payments, royalties and payments for transactions within the network. The ERC-20 token standard will allow to use the existing Ethereum network infrastructure for storing tokens and conducting transactions. The issue of tokens is limited – 100.000.000 SRT-Coin. “Payment for commissions” tokens burning program will be implemented.
Team SRT consists of professionals: in the field of scientific research, blockchain developers, oil market experts. In SRT team there are 2 current professors, 4 doctors and Ph.D., professional managers with experience in world TOP-10 oil companies. The global increase in demand for fuel exceeds 5,000,000 tons annually. The market craves for innovative solutions to meet this demand. Join the blockchain revolution in the fuel business!
SRT-coin token is a utility token, which will be used in the operation of the blockchain platform of managing license payments of oil refineries, as well as in other ways described below:
Payment of license fees in the SRT platform
Companies wishing to become production partners of the platform and receive SRT Group’s refinery equipment for lease on favorable terms should be holders of at least 10,000 SRT-coin Tokens. All production partners that are small tonnage oil refineries, will receive SRT Group equipment on long-term lease conditions with an obligation to pay royalties for the volumes of actually processed raw materials. Thus, greater the number of oil refineries connected to the platform, and greater the volume of raw materials processed, resulting in larger amounts of license fees collected. Payments under the license agreement will be denominated in a fiat currency depending on the provisions of local legislation. In most cases the US dollar will be used as the accounting currency. SRT Group Company will include into the license agreement a condition that, in case of payment of license fees using SRT-coin tokens, a discount of 20% from the sum of payment will be provided. This condition will be a direct economic incentive for participants to use tokens and purchase them for settlements of the accounts inside of Platform. At the same time, the amount of SRT-coin for the payment will be determined based on the current market price at the payment time, which in turn will be determined based on information about the purchase / sale transactions of SRT-coin on cryptocurrency exchanges or similar public trading platforms. If the local legislation will not allow oil processing companies to make payments via SRT-Coin, they will be able to deliver royalty payments in fiat currency, to the payment and license Agents, accredited in the system, whereas those registered in areas, where crypto-currencies can be officially used as a means of payment, or such payments are not prohibited by local legislation, will pay in SRT-Coins.
Image showing the rise in prices for the token at a different stage of time taken from the official project website: 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.
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
- WHITEPAPER: http://srtcoin.io/docs/en/wp.pdf
- TWITTER: https://twitter.com/SmartRefinery
- TELEGRAM: https://t.me/SmartRefinery
- FACEBOOK: https://www.facebook.com/SmartRefinery/
- LINKEDIN: https://www.linkedin.com/company/srtgrou/
- MEDIUM: https://medium.com/@SmartRefinery/
- REDDIT: https://www.reddit.com/r/smartrefinery/
Author: Dangdingdongbray
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