Shareschain – ICO Detailed Information

Ever since they emerged, the crypto and blockchain technologies have been fighting for survival. At first, they were only used by tech geeks and online criminals, but a few years ago, when their potential was revealed to the world — they became a hit, and the crypto markets were born.

Of course, the fight is still on-going, and there are numerous issues to address and solve even now. Even so, the new technologies won numerous battles already, and the exposure they received along the way was one of their greatest victories.

These days, they are fighting not only for awareness and recognition, but also for new use cases that would allow them to go mainstream, and become available, accessible, and useful to a larger number of users. To achieve this, many believe that there is a need to connect the world of cryptocurrency and blockchain technology to real-world financial assets, such as equity.

Doing so is likely to make the crypto and blockchain space more accessible, more useful, as well as more trusted by those who still hesitate to join in. This is also what a project called SharesChain is trying to achieve.

About SharesChain

SharesChain is a community-owned fundraising platform that aims to act as a bridge between the blockchain space and the real-world financial assets. It allows off-chain startups, as well as established firms, to efficiently fundraise capital at extremely low cost simply by tokenizing their assets, either partially or fully.

SharesChain is a legal, safe tool that benefits everyone, including the companies that are in need of liquidity and capital, but also investors who require gateways for accessing new investment opportunities. SharesChain believes that the features they are offering are needed in order to make this type of investment available to more people. Many do not have the funds required to purchase things like shares belonging to large corporations. Even so, they would be interested in owning them, if they could afford them.

With asset tokenization becoming possible via cryptocurrency and blockchain technology, this is now entirely possible. SharesChain's distributed ledger system is based on DFL technology, and it has characteristics of consistency, high concurrence, application quarantine, as well as expandability.

It includes the main chain, as well as real assets subchains. In addition, transactions can be made untraceable by cutting off the correlation between parties, so that the privacy of transactions and assets would be maximized. Of course, to do all of this, SharesChain also required its own, native cryptocurrency.

SharesChain ICO details

SharesChain already held its token sale last year. It had a preICO period which lasted from April 30th, 2018, until May 30th, 2018. After that, its ICO took place in October 2018, although there seems to be no information regarding the amount that was raised.

Still, it is known that the project, registered in Singapore, sold a token known as SCTK. The token was created on Ethereum's platform, and it accepted ETH coins in exchange. At the time of the token sale, each ETH coin was capable of buying around 205,128 SCTK tokens. The project had a soft cap of 5,000 ETH, and a hard cap of 30,000 ETH.

It does not seem like there were any restricted areas, meaning that participation in the token sale was open for everyone who wanted to join. The only requirements were whitelist and KYC procedures.

Author: Ali Raza for Crypto-Rating.com