SRTCoin ICO Review

4 min readOct 5, 2018

The oil industry is one of the most profitable industries in the world. It is not surprising that oil has a wide range of applications, from generating fuel for use in vehicles to construction machinery and agricultural machinery. Therefore, it is only a matter of time before blockchain technology is applied in this profitable field.

What is Smart Refinery Technologies (SRT)?

Smart Refinery Technologies (SRT) is the first global company to incorporate blockchain technology in the petroleum industry. SRT uses blockchain technology to integrate small refineries globally into authorized information networks. Participants earn income from them.

The goal of SRT

Enhance the cumulative benefits to society by not only improving the quality of the oil by ensuring that they adhere to safe environmental practices but also increasing the accessibility of consumers to quality fuels.
Creates the world’s first small-scale global network of refineries for economic operators.
Active participation of SRT-coin card owners in platform development and revenue recognition.

How does SRT work?

SRT is a manufacturer of high-tech refining equipment for small refineries. Its equipment can produce high quality engine fuels (EURO 5 type) only used for production by large refineries. With this new facility, small refineries can significantly reduce production costs and increase their revenues and profits.

Filter modules will not be sold; They will be hired for long-term use. For a company to lease equipment, a royalty fee (license fee) depends on the volume of processing material that is required. It has become the main source of funds for SRT and the project participants are trading on this platform.

Payment structure of SRT

Smaller refineries in the network will pay royalties to the SRT Group for every ton of processed oil.
All calculations to be made and recorded in the blockchain will automatically enhance the transparency and reliability of the platform.
Royalties may be paid in cash or SRT coins. Payment by Token allows 20% discount on payment amount. This discount will act as an incentive for investors to use the card rather than the money on the platform.
SRT will continuously reduce the number of Token in circulation. 80% Tokens coming as royalties will be removed from circulation by culling leaving less total Token during the day.
SRT prices will be adjusted according to the market depending on the demand and supply based on the results of the stock exchange involving the purchase and sale of Token to ensure a reasonable price.
This Token price stability will ensure a steady, stable demand for them.

ICO details and SRT token code

SRT-Coin is the standard token code for trade commission payments, royalties, and payments for transactions in the SRT ecosystem. The ERC-20 token will allow the use of the existing Ethereum network infrastructure to store tags and execute transactions. Project SRT issue up to 100 million SRT-Coin. Distribute the tokens as below:

Inside:

62% — Tokens for sale
26% — Team and Advisory Board
6% — Introduction Program
3% — Organization and ICO consultant
3% — Bonus and Airdrop

SRT ICO Details

SRT Token
Pre ICO Price: 1 SRT = 0.5 USD
Bonus: Yes
ICO price: 1 SRT = 1 USD
Platform: Ethereum
Acceptance of contributions: ETH, BTC, LTC, BCH, DASH
Soft cap: 500,000 USD
Hard cap: 5,000,000 USD
Country: Estonia
Whitelist / KYC: Whitelist
Prohibition: USA, China

Highlights of the SRT project

Fuel conversion and production processes based on intelligent and artificial intelligence (AI)
Integration with IIoT’s industry protocols for metro complexes, logistics warehouses, payment terminals.
P2P payments and smart contract support.
High transaction speed and the ability to handle more than 100,000 transactions per second.
Low transaction fees — currently just over $ 0.00 for transactions.
Fuel trading is convenient for small and medium enterprises.

Project Development Team

The project team consists of people who have extensive experience in the manufacture of refining equipment, industrial development, oil refining, information technology. In general, the project involves those who know everything about oil refining and refining equipment. Also in the group are a well-known physician of engineering science, professor of the parts of the petrochemical industry. Author of more than 400 scientific papers, Alexander Gaile.