decentralized health information platform.
SRCoin is a decentralized health information platform Using blockchain technology, distributed and subscribed massage chairs connect to decentralized networking hubs that build health data platforms, provide useful medical information to patients, medical institutions and research facilities.
SRCoin Target Market
From 2007 to 2016, the main markets of SRCoin, Singapore and Malaysia, have shown explosive growth in the subscription business sector, with the current market size of US $ 6.8 billion.
Rental is a Korean-Malaysian company that currently has the third largest market share in the subscription business, well behind Coway and Cuckoo. Headquartered in Kuala Lumpur, K Rental has 78 stores across Indonesia with over 5,000 employees and plans an initial public offering on the Singapore Stock Exchange in 2020.
We issued SRCoins to enter the market of massage chairs for US $ 1.1 billion using a subscription business model. The purpose of this crowd is simple. After purchasing a massage chair using crowdsale funds, we will use the existing K Rental sales network infrastructure to promote a subscription plan for this
Massage chair Crowdsale Participant can then exchange SRCoins for Rental service with market value.
What is a subscription business?
Business subscriptions are considered one of the highest-rated business models on Wall Street to date. Top companies that use this model include Netflix, Prime Service Amazon, Apple Music, Spotify, Zipcar, IPSY, Dollar Shave Club, and more. Specifically, companies like Amazon / Amazon Prime include subscriptions into their pay-per-product business model.
The definition of a subscription-based model is as follows: “A subscription-based pricing model is a payment structure that allows customers or organizations to buy or subscribe to a vendor’s service for a certain period of time at a set price. Customers typically service on a monthly or yearly basis “.
Market
Historically, Singapore was a country that declared independence from Malaysia, but due to their proximity and cultural heritage, their markets showed similar characteristics. The market for massage chairs in Singapore and Malaysia has a size close to 1.1 billion US dollars, and due to a surge of consumer interest in health and new products associated with it, this market has grown tremendously.
The world massage chairs market is concentrated in Asia, and in particular, the demand for this product has been great in Singapore and Malaysia.
The reason why demand is growing:
1) Increased PPPs have improved living standards, and this has encouraged people to be more aware of health and lifestyle.
2) Due to the high pressure of work in this field, healthy lifestyle products have become a way for people to throw away their wealth — a goal many people regard as a symbol of success.
Currently, Singapore and Malaysia have five companies, OGAWA, PANASONIC, OSIM, GINTEL, and OTO, which are dominant in the massage chair market. However, until recently, these companies only have been present in the market to sell massage chairs. The subscription market for massage chairs is not there. Beginning in August 2017, GINTEL started a subscription for massage chairs, and his remarkable success indicates the possibility of huge profits.
After entering the subscription market for massage chairs in Singapore and Malaysia, we plan to do the transition of the sales market to the subscription market for massage chairs and increase our income.
Furthermore, the current gross margin of companies that sells massage chairs averages 58%, but our gross margin of business subscriptions will be 70%.
Sales & Expense Analysis
Token Sale
30% of revenues earned in six years (from the completion of ICO to six years) will be used in our Buyback & Burn program to effectively reduce the supply of SRCOIN and raise market prices. The value of SRCOIN and SRCOIN is owned by an ICCO contributor
20% of the profits earned in three years (from completion of ICO to three years) will be returned to ICO providers in Ethereal currency. As a result, ICO contributors can receive large initial contributions through this smart contract structure without having to sell SRCOIN.
The remaining 50% of revenues will be reinvested on products that start an affiliate business.
Funds generated by ICO SRCOIN and profits generated by the subscription business are accounted for by independent third party accounting entities to ensure reliability and transparency.
Initial Coin Offering (ICO) SRCOIN is an ERC20 token of Blockwork Etereum and distributed as an indication of encryption to ICO contributors through crowdfunding.
- Number of coins available: 10.5 bln
- Price SRCOIN 1 ICO 1: 1 ETH = 700,000 SRCOIN + 100.000 SRCOIN Bonus
- Until 31 January 2018 (UTC) o 2 n ICO: 1 ETH = 700,000 SRCOIN + 50.000 SRCOIN bonus
- February 1, 2018–28 February 2018 UTC ICO: 1 ETH = 700,000 SRCOIN
- March 1, 2018–31 March 2018 (UTC)
- Payment: 1 ETH = 700,000 SRCOIN
- Distribution: o Participants (70%) o Founders Team (15%) o Initial advisor and contributors (10%) o Sales team (5%)
o Asset management and application development (95%) o Project management (5%) K Massage Subscription sales order network will be sold to customers en masse, generating 30% Return and burn. Therefore, the supply of SRCOIN in circulation will decrease, and the possibility of SRCOIN price increase will be higher.
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