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ECOSC – ICO Detailed Information


ICO ECOSC
ECOSC Since they originally appeared almost 11 years ago, cryptocurrencies have been promising a change that would make the world a better place for everyone. They offer a number of benefits over traditional finances, including lower transaction fees, decentralization, as well as the ability to reach everyone, whether or not they have access to the bank.
Start August 16, 2019
End September 25, 2019
Rating 4.2
Status
KYC Yes
Founded 2019
Categories Finance
Platform Ethereum
Token ECOSCU
Soft cap $3 000 000
Hard cap $22 500 000
Minimum investment 1 ECOSCU
Tokens for sale 800000000
Accepting ETH, BTC
Whitepaper Yes
Discussion
Countries Malta
Social

ECOSC Overview

ICO description, Technical Details and Documents

ECOSC: Blockchain Solution for Supply Chain


ECOSC is a blockchain-enabled solution for supply chain management designed to satisfy the specific needs of the fossil fuels industry. The startup uses the Ethereum blockchain to develop a platform that affords the opportunity for all actors to efficiently build and monitor the oil & gas supply chain and verify all information needed for the seamless operations within this chain.

To fuel all these processes, ECOSC introduces not one but two tokens compliant with the ERC-20 standard: the utility token named ECOSCU and the security one - ECOSC. The former token is to be distributed among keen investors by the virtue of IEO that will commence in the next several hours.   

Company information


Like many other blockchain project, ECOSC is registered in the jurisdiction of Malta due to the open-mindedness of the authorities of this island nation towards the innovative tech projects. The official website of ECOSC states that the eponymous company ECOSC PVT Ltd. is registered under the number C90433, with its office located in the town of St. Julians. The company number checks against the data in the Malta Business Registry.

The concept of ECOSC


The overarching aim of ECOSC is to bring the human factor in the supply chain management almost to naught through the comprehensive use of the Ethereum smart contracts and digital tokens. This should help to eradicate corruption, excessive handling cost, late deliveries and bring all processes to the almost complete automation. The use of self-executing smart contracts will facilitate the unimpeded financial transactions between all network participants and the unbiased arbitration of disputes.

ECOSC will aid the users in supervising and building the well-performing supply chain across its three major components, the up-stream, which involves the exploration and extraction of oil and gas; the mid-stream that provides for transportation and storage of these products; down-stream that deals with refinement and distribution of oil products.

Thanks to ECOSC, all stakeholders will be able to monitor every single occurrence throughout the supply chain in real-time by means of ECOSC’s mobile and desktop decentralized application, share data (sales contracts, certificates of origin, bills of lading, customs clearances, etc.) in a fully encrypted environment, and pay for the services, as well as trade oil & gas products, using ECOSC tokens.


Team members

IEO details


The token offering of ECOSCU will take place on the Latoken Launchpad and will last until September 29. The project aims for the softcap of $3 million (currently, they have managed to raise 13,3% of that sum) and the hardcap of $22,5 million. The ICO price of 1 ECOSCU is $0.1, including a 25% token bonus for big investors. There is no mention of a minimum investment threshold. ECOSC accepts only Bitcoin and Ethereum. Whitelisting and KYC are mandatory. The United States and China are the only countries on the list of restricted areas.   

Author: Alex Paulson for Crypto-Rating.com

ECOSC Milestones

* Crypto Rating accepts no liability for any errors in the ECOSC ICO information and Rating. For the most up-to-date information please visit the ICO's official website.

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