One of the biggest problems in regards to energy these days is the fact that there is so much of it needed to fuel modern society. Meanwhile, the efficiency is not nearly as high as it could be, which is why a large portion of energy gets wasted. To try to combat the issue, energy efficiency and emission reduction became a huge goal of many industries, including the crypto/blockchain industries.
There are multiple projects out there that are designing new ways of energy reduction while keeping the efficiency on the same level, or improving it further. Heating is, obviously, a very big part of it, and crucial for survival. Experts in various sectors are attempting to bring new, innovative solutions, and as mentioned — these efforts also entered the blockchain industry, with Saiterm currently being one of the leading projects in this area.
Saiterm has a goal of developing new, cutting-edge technology products designed to reduce energy emissions and consumption. The company's technical staff has decades of experience, and they have been the leaders in this technology ever since the company was founded.
Their main goal is the interior heating sector, particularly when it comes to homes and offices. To that extent, they developed SPRING heating system, which they use as a practical example of what they can do.
The company had recently decided to start a crypto initiative as well, dedicated to the same goal. With that in mind, they have developed their own token, SAIEX, which is currently holding its year-long ICO.
As mentioned, Saiterm ICO is currently on-going. It started back on December 1st, 2018, and it will end on December 31st, 2019. The token, SAIEX, is created on Ethereum's network as a utility token. Its price is $1 per token, and interested investors can purchase it in exchange for fiat currencies, as well as for a number of cryptos, including BTC, ETH, LTC, DASH, XRP, and XMR.
The minimum investment is $10, in exchange for which the investors would receive 10 SAIEX. The project already has a working MVP, a bounty, as well as a bonus. It is registered in Malta, and there are no reported restricted areas. In other words, anyone who wishes to participate in the ICO is welcome to do so, provided that they go through a KYC procedure.
Finally, the project is offering 50 million units for sale. While the ICO is already halfway through — there was no announcement regarding the soft or hard caps.
|Pre-Ico Start date||July 17, 2019|
|Pre-Ico End date||July 17, 2019|
|Start||December 1, 2018|
|End||December 31, 2019|
|99 days left|
SAIEX states that the value of the token of the same name will be closely linked to the value of the two core physical products: Spring Heating SHS 230W and Spring Heating SHS 345W, which cost $270 and $505, respectively. This means that SAIEX is basically a stable token since the price of these two products is unlikely to increase radically, the feat that virtually renders this token untradable. Regardless of that, SAIEX has come to the market with an interesting and relevant solution that might find itself some loyal customers.
All right, I get that using Spring 500 from Saiterm is all nice and tide, eco-friendly stuff. And I'm all for being eco-friendly to the max, because given the way people treat this planet, our future generations are likely to face an apocalypse sooner rather than later. So, big up to Saiterm in this regard. But I have a very practical concern. Okay, let's say I've bought the Spring 500 heating system, but after a while, some malfunction occurs. How do I get it fixed? I live in Bradford, so, for some reason, I doubt that Saiterm would open a service center there. What will they do in that situation? That's the question.
I don’t really understand people who are criticizing Saiterm for not “implementing blockchain properly” or whatever. I am convinced that running the heating system on the residual energy from crypto mining in a splendid idea that is definitely worth considering. Those who complain about low rewards (1 SAIEX), should also think about how much money they will save on heating bills. You know what they say, money saved is money earned.
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