SmartChem ICO: Green Chemistry Blockchain Project
Fundamental Analysis
Sectoral Background
Industrial development is one of the key elements of economic progress of a society. Nowadays, however, it has also become one of the main reasons for our health and environmental hazards. The latter is due to the toxic waste emitted by few industries. Keeping industries clean in a sustainable way is one of the largest unsolved problems of the present world.
The scale of the problem can be gauged by the fact that about 322 million tons of toxic and harmful chemicals are produced every year across the European Union (EU) alone. The usage of common chemical solvents in industrial cleaning processes provide severe health risks and potential damage to the environment.
However, problems of such magnitude also provide new opportunities. According to some estimates, a global market of almost 50 billion Euros of mostly harmful wet chemistry is waiting to be challenged and replaced.
The oil and gas industry are among the most lucrative potential markets with an estimated 10 billion euros in market value. The healthcare, dentistry, and cosmetic sectors with variety of equipment that require sanitization, is another huge market to be tapped.
The industrial cleaning industry is growing at a rate of 5.2% every year and is expected to reach a market size of about $57 billion by 2023 Most of it is harmful chemistry that challenges the world.
Geographically, North America shall retain the largest share of the market, although China, India and parts of Southeast Asia are rapidly catching up due to a growing number of factories.
The Company
Germany’s Intelligent Fluids GmbH has come forward to tap into this huge opportunity with its patented technology of smart physical cleaning. Through its patented technology, the company aims to lure global industries migrate from aggressive and harmful solvents to green chemistry as fast as possible.
It is a project that is set to generate positive changes in our world and the company’s existing top clients already include the likes of Philips, Qualcomm, among others. Besides, it has created the basics to give the right answers and intrinsically support at least 10 Sustainable Development Goals (SDG) of the United Nations, with a significant impact on our planet.
Its CSR program also sponsors selected number of NGOs that represent the same SDGs and the donations will be contingent upon the volumes of Intelligent Fluids sold globally. Based on the company’s projected sales, donations in a value of up to 10 million Euros are roughly estimated to be handed over to NGOs within the reward program alone in the period from 2021 to 2031.
The project is headed by Christian Romlein as its CEO, who has over 30 years of experience in top management positions internationally and is an expert in strategy, marketing, sales, branding, entrepreneurship and venture capital.
The company’s products are non-flammable, pH neutral, biodegradable and dermatologically tested for industrial cleaning. It is not only superior solvent, compared to competition but also eco-friendly.
Intelligent Fluids offers a sustainable, efficient and powerful solution for industrial cleaning by utilizing physical effects instead of toxic chemicals, meeting much more than today’s standards for eco-friendliness with biodegradable, non-inflammable and pH neutral ingredients.
Token Offering
In order to attract industries as well as investors towards green chemistry, Intelligent Fluids will carry out a Utility Token Offering. SmartChem ICO is the Impact Token of Intelligent Fluids and aims to attract global industries to replace aggressive and harmful solvents by green chemistry.
It is a cryptocurrency developed for the chemical industry that has utility meaning and can be used for utility transactions. Once listed, it can be traded for different fiat and digital currencies.
Through the SMAC token offer, it is now possible for clients and investors to be part of the post-solvent era. SMAC tokens can help to scale and grow one of the most exciting chemical impact projects in today’s market.
The total token supply will be 15 million and the initial token in circulation will be 12 million. The project’s valuation is $25 million while, at a price of $0.007, the initial market capitalization is estimated to be around $15 million.
The company claims that the high potential of the coin comes from its unique combination of real world innovative green chemistry with usage of blockchain technology. The SMAC token shall attract impact-oriented investors and motivate industrial clients to change to green for the good of our planet Earth.
Around 55% of the token offering proceeds will be invested into manufacturing sites, demo labs, R&D, etc. human resources for global sales and business development will take up another 25% of the raised funds and part of the balance will be used for marketing and investor relations.
SmartChem (Intelligent Fluids) also plans to use the funds raised via ICO to scale up its growth globally. As part of that plan, it has set ambitious goals to expand production sites to Asia, US and the MENA region. It also plans to increase production to over 13,500 tons per year from the current 500 tons per year in Europe.
SmartChem Platform
The SMAC was developed with the SmartChem platform in mind. The SmartChem platform is an online environment enabling industrial cleaning buyers and sellers to find each other and enter into contracts. The platform uses smart contracts and tokenized fluids to execute and manage all transactions.
This core platform technology uses blockchain to store this information. Possible future blockchain use cases of Intelligent Fluids include product NFT, and supply chain integration backwards (vendors) and forwards (clients).
It also has some features that will help users make fast and safe transactions for Intelligent Fluids product purchase and also donate to the ecological projects of OceanCare and ClimateAnalytics automatically.
The Smartchem platform will be integrated with the most popular crypto wallets and the team also has plans to create a SMAC wallet that will be developed as a cryptocurrency storage platform for SMAC.
This will not only improve the SMAC storage process but also make it much safer, simplify and speed up the Intelligent Fluids purchase process and customize donations to various environmental projects.
Benefits of SmartChem ICO
The SmartChem ecosystem is composed of various players such as customers, token stakeholders and ecological projects. Incidentally, all of them can benefit from SMAC utility tokens and its underlying SamrtChem platform.
Its customers benefit from zero fees with SMAC token, lower product price and the ability to donate to ecological projects, apart from speed and transparency in trades.
The SMAC token stakeholders gain from the profit growth in the value of the token trade on popular exchanges and the ability to trade the tokens on top exchanges. The SMAC token is the main asset used to fund the platform’s economy and compensate all ecosystem participants for their contributions.
Users that pay with fiat money on traditional payment gateways have to deal with other cumbersome factors at the moment. The latter can be eliminated if they trade with SMAC through the Smartchem ICO platform.
When Smartchem customers are using fiat money, they have to pay transaction fees required by other payment gateways, especially for international payments. Due to the higher number of intermediaries involved in such transactions, users can expect more fees. SMAC eliminates the need for such intermediaries.
Besides, SMAC is the first and only all-in-one impact crypto coin. It reduces energy cost as well as carbon dioxide emissions by more than 50% each. Moreover, the industrial replacement of acetone and NMP with SmartChem results in a reduction in carbon dioxide emission by upto 80%.
CO2 certificates are likely to become very expensive and so are energy costs. SmartChem solutions can also help in cleaning material by 10% to 70%. it improves investment yield significantly while helping our planet responsively. Therefore, investments in SMAC also empowers the global growth of green chemistry.
Risk Factors
In terms of risk factors, apart from the general risks associated with all such investments, there are certain risk factors that are unique to the SmartChem ICO project or Intelligent Fluids.
One such factor is competition. Since it is a new and relatively unexplored market with high growth potential, new players are likely to get attracted to it, thereby increasing competition and, possibly, lesser demand for SmartChem ICO products. The latter will still have the early-mover advantage in this aspect, nonetheless.
However, increasing competition can also be a challenge for the company in retaining top talent and any changes in the top management team could have adverse impact on the company’s business.
Besides, as the SMAC tokens do not provide any securities, its investors can neither influence the company’s strategy or business decisions nor get information or voting rights within the shareholder meeting of the company.
Conclusion
The above risk factors aside, this method of fund-raising offers a high degree of flexibility for customers, liquidity for investors and a unique opportunity to benefit, as early adapter, from attractive discounts on fluid purchases or from a possible appreciating token value. Not to mention, the impressive eco-footprint that comes along with it.
Technical Analysis
The bears pulled the price below the support of the $0.007 to $0.015 range on May 12 but could not break the crucial support at $0.005. This suggests strong demand at lower levels. While several coins have plunged to multi-month lows, the SMAC token has been holding strong.
The bulls pushed the price back into the range on May 13. If buyers sustain the price above $0.007, the SMAC/USD pair could again attempt a rally to the resistance of the range at $0.015. In a range, traders usually buy on dips to the support and sell on rallies near the resistance.
If the price turns down from $0.015, it will suggest that short-term traders may be booking profits near this level. That could extend the stay of the pair inside the range for a few more days.
Generally, consolidations in a range are followed by sharp trending moves. The longer the time spent inside a range, the stronger is the eventual breakout from it. However, it is difficult to predict the direction of the breakout. Therefore, traders may wait for the breakout to happen before jumping in to buy or sell.
In this case, if bulls propel and sustain the price above $0.015, the pair could start a new up-move. The pair could first rally to $0.022 where the bears may pose a strong challenge. However, if bulls clear this hurdle, the momentum may pick up and the pair could rally to $0.038.
Contrary to this assumption, if the price turns down from the current level or the overhead resistance and breaks below $0.007, it will suggest that traders may be rushing to the exit. That could open the doors for a possible retest at $0.005. A break and close below this support could signal the resumption of the downtrend. The next support on the downside is $0.0002.
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