TecraCoin - ICO Review

TecraCoin: Financing the Future of Science

Tecra is the name of a Polish project that had elaborated a blockchain platform aimed at raising capital for the purpose of commercializing the cutting-edge technological products with the special emphasis being put on graphene.

 Naturally, any such project must have a native token which must serve as a primary mean for attracting and distributing funds. Tecra introduces TecraCoin (TRC), a minable token that operates on the Proof-of-Work algorithm and possesses such features as zerocion and masternodes.

The problems and the solutions

The core of Tecra’s pool of participants will consist of three groups, namely the scientists, the investors, and the global blockchain community. All these groups face specific problems that the Tecra team promises to address.

For instance, even the most prominent scientists find it difficult to attract funds and obtain patents on their inventions. Not to mention the bureaucratic hurdles which they have to endure in order to bring the findings into the limelight.

As for the investors, they too have to face different legislative obstacles as well as uncertainties with regard to the novel technologies. The crypto community, on its part, doesn’t have access to the real world economy and often uses the cryptocurrencies which are backed by nothing more than vague promises.   

The project offers a commercialization platform, the transparency and integrity of which are guaranteed by the use of Tecra blockchain and TecraCoin. All operations on the platform are supervised by Tecra’s own legal team to ensure their congruence with the law. Tecra will procure the obtainment of adequate funding by the scientists to produce tech products applicable in the real world; the investors will be given the first-hand access to the prospective high-end innovations; the members of the blockchain community will be granted an opportunity to mine one of the few POW-based cryptocurrencies backed by real assets, for instance, graphene. All of these activities will be centered around TecraCoin, which should execute the function of an investment and a reward instrument.

The use of graphene

Graphene is an allotrope of carbon that is said to possess properties which are vastly superior to any known material. For example, graphene is 100-fold more durable than steel and has great electrical and heat conductivity. Top it all off, graphene is nearly transparent making it suitable even for the production of contact lenses.

Tecra partnered with the Institute of Low Temperature and Structure Research, located in Wroclaw, Poland, to acquire the patent for producing graphene-based commodities, such as filters, tires, greases, etc. The company, through the efforts of the Tecra Science team, has already created a working prototype - the high power lighting and white light devices that utilize the graphene foam.

ICO details

Basically, there are two use patterns for TecraCoin. The first one stipulates the purchase of TRC for investment needs. In that case, the price of one token is established at $2. The second one is designed for boosting the ownership stake by running the masternodes, which translates into a lower token price - $1.75 a piece with 10 thousand tokens being the minimum investment threshold. There are no mentioned restrictions with regard to participation in the token sale. The ICO will last until July 31.

Author: Alex Paulson for Crypto-Rating.com

  • Scientists. Investing in greatest ideas. Paraphrasing A. Clarke, the world of magic and technology, that is the world of scientists.
  • Investors. The world of business and capital, a place where investors learn patent- protected technology and commercialize its value in useful and prospective companies
  • Community. The community of miners. Thanks to their work, their computing power and many hours of discussions about Blockchain, we can now develop Satoshi Nakamoto’s vision into the PoW model.
Pre-Ico Start dateOctober 1, 2018
Pre-Ico End dateJanuary 16, 2019
  • Robert Anacki. Co-founder
  • Łukasz Gromek. Co-founder
  • Przemyslaw Karda. Co-founder
  • Krzysztof Podolski. Co-founder
  • Wiesław Strek. Science expert
  • Andrzej Jezowski. Science expert
  • Dariusz Hreniak. Science expert
  • Anna Wedzynska. Science Expert
  • Krzysztof Kielec. Business Expert
  • Andrzej Kail. Business Expert
  • Robert Brandt. Legal Expert
  • Filip Nasiadko. IT Project Manager
  • Maciej Partyka. Blockchain Developer
  • Daniel Borowski. Blockchain Developer
  • Radosław Struniawski. Senior Programmer
  • Michał Tomaka. Art Director
  • Krzysztof Łosiak. Frontend Developer
  • Krystian Kowalczyk. Marketing Advisor
  • Marcin Godlewski. Marketing Expert
  • Piotr Marcinik. Media expert
  • Kaja Kretschmer. Community Expert
  • Anna Karda. Community Expert
  • Justin O'Donnell. Blockchain expert
  • March-April 2019. Change from lyra2z to MTP. The vision of Satoshi Nakamoto is close to us, which is why we decided to use anti-ASIC resistant algo. One computer one voice.
  • July 2019. Public mining will start with new reward form each block. 
  • July 2019. New mobile wallet, and new UI. We want add also few new features in the future.
  • July/August 2019. We will be listed on big exchange.
  • November 2019. We will create a one click MN program connected with new wallet. This will simplify whole process of creating super node.
  • December 2019. Listing on second big exchange. Hope we will soon a new bull market
  • January 2020. As you know, TecraCoin is an investment fund. We start preparation to launch graphene laboratory on commercial scale.
  • January 2020. Deposit system will start earning TCR coins for investors from our deposit program. TCR are deposit on special address, it is some kind of PoS.
  • February-March 2020. Place where investor can login, and check they ROI, market CARG, financial stats, and TECRA Ltd. with their SPV's investment.
  • May-June 2020. The most exciting tool in the TecraCoin system. It allows the participation of the community in supporting science. Voting will be done by the amount of TCR on the wallet.
  • June-July 2020. Another change of rewards distribution. 
  • December 2020. We will start working on our own blockchain, more dedicated to support science.

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StartJanuary 17, 2019
EndFebruary 27, 2021
32 days left
Soft cap$5 000 000
Hard cap$20 000 000
Minimum investment2 USD
Tokens for sale21000000
AcceptingBTC, ETH, Fiat

Despite the fact that TecraCoin declares all the right intentions about the necessity to invest in science, it is my firm conviction that this project is going to fail eventually, simply because they don’t have a sound plan with regard to the market acquisition and promotion of graphene. It looks all good on paper, but in the real world, no one is interested in graphene, or at least not prepared to acknowledge its obvious benefits. And I don’t really see how TecraCoin plans to convey the message about the importance of their efforts and innovation to the general public. That is a major turn off for me, tough TecraCoin could have been a great project for investment.

Damon   July 15, 2019  

After a brief sting at the British Government Office for Science, where I worked as a senior advisor, I can assure that the situation in our scientific field is as close to being dire as it gets. All these social benefits led to significant cuts in spending on science and research which consequently forced many labs, and prominent scientists for that matter, to virtually scrap for pennies. I don't consider myself as a specialist in blockchain, in fact, I have a rather poor understanding of the technology and its application, but I do understand and fully support the concept introduced by TecraCoin. The scientists need the support of private investors because they have no hope left for government assistance.

Janine   June 29, 2019  

It is my strong belief that Tecracoin is an amazing project. Finally, someone understands the importance of investments in science. It baffles me, how the entertainment industry and sports are capable of attracting billions of dollars while the best minds on our planets are oftentimes working for peanuts, not able to find a mere million for research that has a potential to change our lives. I am convinced that scientists should be supported by all means possible, so it wouldn’t be hard to guess that I am in full support of Tecracoin.

Ethan   June 20, 2019  

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