Smart Containers Quarterly Update Q2 2019
We have successfully closed the second quarter of 2019. We would like to give you an overview of the progress completed in the last 3 months.
Update Listing Strategy
Recently, Bitcoin has rallied from approx. 4’000 USD at the beginning of April to over 13’000 USD on June 26th. This brings back memories of the last Bitcoin bubble in December 2017. However, while Bitcoin has surged, altcoins maintained their crypto winter price level. Ether was able to gain a bit but not to the same extent as the cryptocurrency leader. It is relevant to talk of thawing but certainly not yet of crypto spring.
The number of exchanges open for listing security tokens remains very small. We still do not see any exchange that can bring us the liquidity and the reach that will boost our tokens, once they are traded publicly.
We would like to draw your attention to the fact that many ICOs have not succeeded in bringing significant value increases into their tokens. Numerous projects even defaulted. While this is absolutely not the case for Smart Containers, it is difficult to figure out how to reach a good result in collaborating with exchanges at this point of time. We observe peer projects with great care and try to figure out which is the winning strategy.
In the meantime, if you would like to trade your SMARC tokens, you can do so on the decentralized exchange ForkDelta. To help you in this endeavor, we have created a guideline on Medium that you can access here. Please make sure to consult the right legal and technical experts to make sure you do not put your funds at risk. This is by no means a recommendation to trade your funds through this kind of exchanges.
Concerning the LOGI token, it becomes a utility token as soon as the platform goes live. Then the listing will become simpler. We, therefore, move forward with the project in order to reach this status. More about this in the LOGI Chain section below.
Now let’s pivot towards the business update. It is our pleasure to share the following progress:
SkyCell Progress
SkyCell continues its growth path. Since the beginning of the year, container bookings achieve new record levels every month. We are confident to maintain this trend until the end of the year. The graph below demonstrates the current growth curve.
Through the successful capital rounds, including the ICO, we have been able to grow faster, while maintaining the unparalleled quality level at 0.1% temperature deviation. This confirms the solid processes we’ve built up, our infrastructure and team composition.
In the last three months, SkyCell has extended its partnership network with three new major global airlines:
- Singapore Airlines
- Airbridge Cargo
- United Airlines
Please read the corresponding press releases here. Our continued focus is to invest our resources in extending our container pool and our team in order to meet the current demand.
The SkyCell development is auspicious. Our successes confirm that we are on the right path. We hope we were able to spill the positive vibes to you through these lines.
FoodGuardians Update
Meanwhile, the progress on FoodGuardians is slower, as we prioritized SkyCell, which grew more than 5x in 2019. We are recruiting dedicated personnel for FoodGuardians to avoid future resource constraints.
Rest assured, the endeavor will take more time, but is by no means on hold.
Logi Chain Progress
The LOGI Chain Foundation has completed the Swiss Blockchain Hackathon at Trust Square Zurich and gained another step in its developing roadmap (see aftermovie here).
While the team sponsored by the LOGI Chain Foundation did not win the competition, the exchange with the other attendees fostered new collaboration ideas. The participants in the Supply Chain vertical were Panalpina, Cargolux, GS1and Accenture. We will continue our discussions and might be able to add some of them as foundation members.
Now, we have all the elements to finish our minimum viable product and start our roadshow by September 2019. A team of highly skilled blockchain developers is working on making this happen in the next months. The aim is to bring the platform to live as soon as possible, to unlock the functionality of the LOGI token as a utility token and be able to list it on centralized exchanges.
Please don’t hesitate to reach out to the team if you have questions.
We’d like to thank you for your support and the positive energy you are transferring in your feedbacks. We will be happy to report on our progress again by the end of Q3 2019.
Richard Ettl and the Smart Containers Team
