Scienceroot — Review

6 min readAug 14, 2018

Hello to all and welcome to my ICO review . For those of you who don’t know me yet, let me introduce myself. My name is Funke and I’m an experienced writer who enjoys what he does very much. I’m here to give you all the information you might need or want about the holistic blockchain-based ecosystem enabling the academic community to reap its rewards. I plan to make them “easy read, to the point” because what’s important to me is that we all comprehend and absorb the information and actually want to be here learning together about something new.

Today, let us all learn and experience together all about Scienceroot . If you don’t know anything about them, don’t run away, that’s why I’m here, to change that within the next few minutes. Before I begin, I just want to quickly mention that I will be including LINKS so that YOU can do your own research or whatever you feel you need. I feel it’s best to have all of the information in one place, in an organised manner, rather than dotted about the page making what you want hard to find or confusing. All these links will be put at the BOTTOM of this page to keep things easy.

Scienceroot is a holistic blockchain-based ecosystem enabling the academic community to reap its rewards. Scienceroot will bring together all the important functionalities needed by researchers, scientists and academics. It has made their daily transactions easier by enabling them to focus on maximizing their impact in the scientific world.

The Vision

The vision is to enable the science and research communities, utilizing blockchain.

The Misson

The mission objective is the creation of an ecosystem tailored to the needs of the global research community.

Intended to function as a centralized hub, users are able to seek out funding opportunities, interact, discuss and collaborate.

With Scienceroot’s focus on providing an intuitive, transparent and efficient platform, our very own Cryptocurrency will be integrated to infuse life into their vision.

Science Token (ST) allows you to exchange funds, submit articles to their journal, access content, and reward others for their contributions.

Compounding all critical aspects relevant to today’s knowledge worker into one easy-to-use suite, they aim to empower the global science community by rewarding those who deserve plenty.

The Main Goal

The goal is to create an ecosystem where anyone in the scientific community around the globe will have the ability to gather funding, interact, discuss research ideas, collaborate and in the end, publish their work through a more efficient, intuitive and transparent platform.

Scienceroot uses blockchain technology to improvise the research journals. Their goal is to create an ecosystem where each individual can be a part of the scientific community around the globe. Not only will they have the participation but also they will have the ability to gather funding, interact, discuss research ideas, collaborate and in the end, publish their work through a more efficient, open and transparent platform. They will encourage scientists to publish negative results so other involved parties can pick off where they left off or maybe just start over from a different angle. It will improve the collaboration between researchers, remove the waste of resources and time, and create a transparent and efficient scientific community.

Their scientific ecosystem will be powered by their own unique currency called Science Token (ST), which will be used to exchange funds, store articles on the blockchain, crowdfund scientific ideas and exchange services through their scientific marketplace and reward parties involved.

I am going to get straight to the point of who they are since this is such an important factor, as I like to put it, “The Brains behind Scienceroot ”. If the team behind the product or service in question haven’t the resources or knowledge, then we know the product or service delivered will possibly not have the quality it should have. We need to know two very important things when we look at a new starting up company:
Who are the people/team behind this?

What experience and knowledge do they possess?

Okay, so, because I’ve already done all the research needed beforehand and thoroughly Scienceroot I can very happily confirm that this company has a fabulous team onboard. Here they are:

Advantages of Scienceroot

Lower Fees

First of all, they aren’t big on fees.! Driven by the idea of giving back to the community, they pass the sales revenue right back into your wallet. But reducing fees is just the beginning.

Efficient Collaboration

Let’s say you are at risk of missing a crucial deadline and need a hand with research, but from someone experienced. This is where our platform jumps into action.

First, pick an expert from our database. After you and the expert of your liking have agreed on the terms of your research agreement, you set up a smart contract on our blockchain. This smart contract has the condition to be executed once you have received a file containing the results. Following the fulfillment of the condition, the contract triggers and conducts what it has been instructed to do.

They developed this feature because they absolutely love the idea of allowing for more complex agreements between humans making use of Scienceroot, without us restricting, interfering or regulating.

Immutability

Immutability is considered crucial to ensure coherence of all publications.

Every publication on the Scienceroot platform can be tracked and its lifelong accuracy ensured. This immutability is critical for ensuring the dissemination of information over long time periods, especially in a long-term research context.

Opening Science to the Public

Users who aren’t scientists themselves but realize the potential in your showcase can instantly donate Science Tokens to your effort because of the ease of transactions made available by the Science Token cryptocurrency. This means that as a researcher you’ll be able to showcase your findings or ideas to the widest audience possible with the potential of receiving valuable donations from non-traditional sources.

TOKEN AND ICO DETAILS

Name — Science Token

ID — 2WYtoFNzLaqh9ui96n6KUVT84i8UHqj9esdfigamgt9V

Platform — Waves

Token Supply — 500 000 000

Round 1 (Seed round)

15.07–15.08.2018

12.500.000 Science Tokens sold at 0.04 EUR for the equivalent of 500.000 EUR.

Round 2

15.01–15.02.2019

33.000.000 Science Tokens sold at 0.06 EUR for the equivalent of 1.980.000 EUR.

Round 3