Emjac – ICO Detailed Information
| ICO | Emjac |
|---|---|
|
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 | November 25, 2019 |
| End | April 10, 2020 |
| Rating | 4.3 |
| Status | Active |
| KYC | Yes |
| Founded | 2019 |
| Categories | Energy |
| Platform | Ethereum |
| Token | EMJ |
| Soft cap | $5 000 000 |
| Hard cap | $35 000 000 |
| Minimum investment | 1 EMJ |
| Tokens for sale | 350000000 |
| Accepting | BTC, ETH, USDC |
| Whitepaper | Yes |
| Discussion | |
| Countries | Malaysia |
| Social |
Emjac Overview
ICO description, Technical Details and Documents
Whereas most environmental projects try to deal with global issues like excessive carbon emission or uncontrolled waste dumping in soil or oceans, other initiatives are trying to narrow their focus on one specific activity that is beneficial to a particular industry and ecology in general.
Mission statement
EMJAC is a Malaysian blockchain startup that has chosen a very specific, yet quite promising, niche of waste tires recycling. The potential of this idea lies in the fact that the number of cars worldwide is increasing year after year, thus boosting the volumes of used tires. According to the statistics, more than 2 billion used tires are being stocked annually, while barely a third of them get recycled in a proper way. The rest simply get burned, which deals immense damage to the environment and human health because the released smoke contains a tremendous amount of toxins and harmful residue.
EMJAC: Tyre Recycling System on Blockchain
The members of the EMJAC team have set themselves a goal of creating a one-of-a-kind platform that should merge the Ethereum blockchain and technology for the expeditious and efficient recycling of used tires. As always, the newly developed system is going to be powered by the ERC-20 utility token - this one has the ticker EMJ - which also serves as a means for obtaining the required funding through the private sale that will be followed by the IEO.
The peculiarities of the EMJAC system
The incorporation of blockchain, and the Ethereum’s trademark smart contracts, in particular, will help to establish a system for managing every stage of the process of tires recycling and the subsequent generation of products with added value, such as green diesel, syngas, black carbon, and steel wires.
The EMJAC ecosystem will allow businesses to not only trace the path of tires from a junkyard to a recycling sight with the help of verified transporters and shippers. The actual recycling will occur in the special thermal recovery unit (TRU) that utilizes advanced air-lock technology. All processes are to be written into and controlled by smart contracts, namely payments execution, transaction tracing, and dispute resolution. In addition to the business network, EMJAC intends to roll out a blockchain-based marketplace, also controlled by smart contracts, where the participants will be able to purchase synthetic fuel and other products mentioned above. Understandably, all financial settlements are to be carried out in EMJ tokens. Moreover, these tokens will grant its holders access to leverage, options, and futures trading on the EMJAC platform, which will be interconnected with a third-party cryptocurrency exchange.
The EMJAC team
- Azrizal Mydin. Founder and CEO. A business manager and Six Sigma specialist who had extensive experience working as a senior executive at several Malaysian companies.
- Adnan Siddiqui. Co-founder and CTO. A certified blockchain developer who has previously served as an advisor to the Product Protocol project.
IEO details
EMJAC is now conducting a private sale that will end on December 25. The crowd sale will take place on the P2PB2B Launchpad in the period from December 20 till January 24, 2020. The current price of 1 EMJ is $0.048 but will increase to $0.08 during the IEO. The project is aiming for a softcap of $5 million and the hardcap of $35 million. EMJ can be purchased with BTC, ETH, and USDC. All investors must pass KYC; no area restrictions were being imposed.
Author: Alex Paulson for Crypto-Rating.com
Emjac Milestones
- Q1 2016. Concept.Concept Generation. Team Assemble.
- Q2 2016. Research. Proving the concept can work. Strategic Plan. White paper completion.
- Q3 2016. Design. Lands for refinery sealed. 10 Engineers join EMJAC.
- Q2 2017. Partnership. Our Technology partner ECSB awarded Pioneer Status with 5 years Tax Exempt from Malaysia Investment Development Authority (MIDA).
- Q3 2017. Project. TRU PROJECT secured for waste tyre recycles.
- Q4 2017. Partnerships. Strategic Partnership & MOUs. Successful "TRU" R&D with 4 components extracted.
- Q2 2018. Pre-Marketing. Pre-marketing with strategic partners.
- Q3 2018. Official Approvals DOE and Government agencies approvals
- Q4 2018. Legal Work. Final Legal Consultation
- Q2 2019. Pre-Marketing. Strategic Partnerships and MoUs
- Q3 2019. IEO Launch. Partner Exchanges. Listing on Exchanges
- Q4 2019. Beta MVP Launch. MVP Launch with traceability functionality
- Q1 2020. MVP with Testnet Launch. EMJAC Marketplace Beta Launch
- Q2 2020. MainNet Beta Launch. Integration with EMJAC Mobile App
* Crypto Rating accepts no liability for any errors in the Emjac ICO information and Rating. For the most up-to-date information please visit the ICO's official website.
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Top Cryptocurrencies with Price Predictions
| # | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
| 1 |  BTC |
Bitcoin predictions | 69.6% | 54 | $28 035.57 | 1.66% | 4.95% | $541 839 096 808 |  |
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| 2 |  ETH |
Ethereum predictions | 78% | 39 | $1 775.07 | 1.02% | 1.84% | $217 221 883 335 |  |
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| 3 |  USDT |
Tether predictions | 95.6% | 1 | $1.000976 | -0.19% | -0.14% | $78 562 701 230 |  |
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| 4 |  BNB |
Binance Coin predictions | 76.4% | 51 | $323.46 | -0.40% | -2.95% | $51 071 426 316 |  |
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| 5 |  USDC |
USD Coin predictions | 94.4% | 2 | $0.999601 | 0.01% | -0.01% | $34 392 573 197 |  |
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| 6 |  XRP |
XRP predictions | 85.2% | 21 | $0.428645 | -4.23% | 14.37% | $21 839 846 254 |  |
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| 7 |  HEX |
HEX predictions | 58.8% | 82 | $0.096384 | -19.91% | 10.66% | $16 714 004 185 |  |
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| 8 |  ADA |
Cardano predictions | 76% | 43 | $0.362541 | -2.33% | 6.05% | $12 588 135 268 |  |
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| 9 |  STETH |
Lido stETH predictions | 96% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 |  |
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| 10 |  DOGE |
Dogecoin predictions | 74% | 51 | $0.075059 | -2.95% | 0.21% | $9 958 117 300 |  |
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| 11 |  MATIC |
Polygon predictions | 76.4% | 48 | $1.11 | -1.01% | -7.45% | $9 708 811 453 |  |
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| 12 |  SOL |
Solana predictions | 74.4% | 52 | $21.67 | -0.29% | 6.07% | $8 316 110 713 |  |
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| 13 |  BUSD |
Binance USD predictions | 92% | 1 | $0.996930 | -0.27% | -0.39% | $8 039 266 757 |  |
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| 14 |  DOT |
Polkadot predictions | 71.6% | 49 | $6.16 | -0.32% | -4.71% | $7 244 608 987 |  |
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| 15 |  LTC |
Litecoin predictions | 68% | 58 | $91.86 | 0.28% | 9.72% | $6 664 265 906 |  |
