About SRCOIN
Value Proposition of the SRCOIN Project and the ICO
Firstly, we are looking for the Singapore and Malaysia massage chair market with a $2.2 billion underwriting business model, which will serve as the basis for creating a stable, long-term cash flow and increasing the value of the SRCOINs.
In the next 6 years, the expected benefit of the SRCOIN project is ~800%.
SRCOIN and SRCOIN's buy-back and burning policy will be implemented through smart contracts using BlockChain technology, and within the next 6 years, the number of SRCOINs in circulation will be reduced by ~81%. After 6 years, only ~19% of SRCOINs will be left on the market.
Accordingly, it is anticipated that the increase in profitability of our underwriting business, combined with the reduction in the number of SRCOINs in circulation, will increase the intrinsic value of SRCOIN by 147 times its original value.
SRCOIN will leverage and benefit from an extensive network of subscriptions created by K Rental, enabling ICO participants to immediately gain real value in SRCOINs and see a solid path to profitability.
On the other hand, by collecting a database of time series of personal health information, we can take advantage of data analysis and automatic learning to identify diseases in the early stages, predict potential health risks and significantly minimize medical expenses by making the information available for immediate use, with our clients' agreement. In addition, with this extensive database, medical institutions will be able to conduct an active search for patients in need of medical examinations, treatment or other medical services and provide such services to patients. It is a powerful opportunity for educated communities and the general public to establish a long-term and sustainable relationship between the health care provider and the patient. In the US, the health services sector is a $10 billion industry and is expected to be one of the fastest developing areas of data analytics and automated learning in the coming years.
The time series of health data collected will be guaranteed by BlockChain technology for credibility, reliability and safety and will be used efficiently to address many prevalent social health problems such as high blood pressure, obesity and heart disease in our world today.
Business Model
SRCOINs will not only be used to acquire assets for the underwriting business, the currencies will become a large tradable product that has a high scarcity value in the crypto-currency exchange.
30% of the profit obtained during the 6-year period (from completion of the ICO to year 6) will be used for the acquisition and burning of SRCOINs, which will effectively decrease the pending offer of SRCOINs, and in turn will increase the market price of SRCOINs and the value of the SRCOINs maintained by our ICO taxpayers.
20% of the profits earned within the 3-year period (from completion of the ICO to year 3) will be returned to the ICO employees in Ethereum currency. Thus, our ICO taxpayers can receive a significant amount of their initial contribution through this intelligent contract structure without having to sell any SRCOIN.
50% of the remaining profits are reinvested in the products that feed our subscription business.
The resources raised from the SRCOIN ICO and the profits generated by the subscription business are calculated by an independent external accounting firm to ensure credibility and transparency.
SRCOIN is an ERC20 token, which incorporates BlockChain technology. In this way, the transparency of our trade, global access and ownership of SRCOINs will be verifiable by SRCOIN holders.
Through this project, we hope to merge the security and reliability of the subscription business with BlockChain's modern technology to reform and improve the subscription revenue industry.
The Health Platform
There are several advantages to using message boards as a platform for our subscription business.
The message board is a shared device. With just one message coordinator, you can collect personal health information from all household members. We plan to collaborate with COMTEK to develop Wifi and Bluetooth incorporated massage chair that can measure health information such as heart rate, body temperature and blood pressure. Therefore, we will create a time series database based on BlockChain for all household members.
This health information can be easily and repeatedly collected each time you use the message board, and this will result in a database of robust time series over time. The time series database will show various trends in each type of data collected. Therefore, it can be a very important source of information for early diagnosis, preventive care and other medical treatments.
The message coordinator already has a structure for collecting useful health information.
a. The arm massager may vary in pressure to pick up the blood pressure level.
b. Various positioning of the chairs allows measuring the most accurate medical information. For example, to measure the Brachial Ankle Index, you need to lie on your back and the message chair can be positioned this way.
c. Wifi and Bluetooth accessibility
d. The electrical base of the message board allows IoT
e. You can easily add devices to measure heart rate, blood oxygen level, sleep analysis, and other health data.
Korea Rental (K Rental)
K Rental, the company that will receive SRCOINs financing, is a Korean-Malaysian corporation with water purification plants as its main product. Sales of $10 million were recorded in 2017. This company has the third largest market share in Malaysia after Coway and Cuckoo.
K Rental's subscription plans are the incorporation of the Coway business model (subscription business) and the BodyFriends business model (manufacturer of massage chairs). We provide subscription plans on household appliances such as water purifiers, air purifiers and massage chairs.
Headquartered in Kuala Lumpur, Malaysia, K Rental has 78 stores and more than 5000 employees in Singapore and Malaysia. K Rental is preparing to go public on the Singapore Stock Exchange in 2020.
Business Teams
Shops open in Malaysia
Business Model
Company Value K Rental (USD)
SRCOIN Schedule
SRCOIN Team
Dr. JAE M. YOO
Dr. SHAWN KIM, Health Database Advisor
Dr. YD KIM, Health Database Advisor
Shawn Kim
Stephen J. Wasley
Michael Lee
Chan H. Pyo
Kyle K Lee
Logan Seo
Mah Yung Yung Yew
Muhammad Danial Dinie Bin Noor Zamri
Links of Interest
Website: https://www.srcoin.info/
White Paper: https://docs.wixstatic.com/ugd/381b09_7fe74d1fefb941018a2ab462a8e175bb.pdf
Twitter: https://twitter.com/srcoin_ico
Facebook: https://www.facebook.com/SRCoin
ANN: https://bitcointalk.org/index.php?topic=2433046
Telegram: https://t.me/SRCOIN_EN
By Bitcointalk user: Cjota
Profile: https://bitcointalk.org/index.php?action=profile;u=1640898
Myetherwallet: 0x90b07af0aAA4A705bCC441c2B1D0B581F42bcDB4
by Cjota