I love utility coins especially those that solve a niche problem. This to me is the added value of cryptocurrency and blockchain technology.
Every now and again you come across a coin that aims to solve a problem most people are not aware of. Sentinel Chain is aimed at small unbanked businesses. The idea is using the power of the Blockchain to provide the businesses with some needed financial services.
The businesses will use an android app to access the services the Sentinel Chain provides (called Crosspay).
List of Services:
- Insurance
- Loans
- Collateral
- Crowdfunding
- Community Projects
- E- payments
On of the big problems these unbanked businesses face is that they can’t use their livestock for collateral because it is hard, next to impossible to proof ownership. But with Vechain technology, Crosspay and a RFID chip, these business now have access to some much needed bank services. On top of that CrossPay also provides peer-to-peer lending and opens up the possibility for Crowdfunding Projects
Using blockchain technology to help unbanked businesses is a great way to solve a problem. This project deserves to be a success based on the idea alone. It’s projects like these that show the real power of the blockchain and the added value of cryptocurrency.
Details:
Symbol: SENC
Total Supply: 500 million
Pre-sale/Public Sale: 200 million
Pre-sale Bonus: 25%
Public Sale Date: March 2018
Registration Start Date: 5th February 2018
Registration End Date: 26th February 2018
Hard Cap: US$14.4 million
Read more about: Sentinel Chain | Vechain |
