The first public Pre-sale for the major blockchain project based in India, Swachhcoin, began on the 1st of June 2018 3:30 PM UTC (09:00 PM IST). A total of 276 Millions tokens out of 400 Million tokens will be sold through the two phases of token sale which will offer Swachh tokens at prices which will increase gradually over a period of approximately two months. Only 25,111,111 out of 276,000,000 will be offered in Presale, which will begin from 1st June and Last until 14th June. The hard-cap for Presale is 1 Million USD and the overall hard-cap for crowdsale is 18 Million USD.
The project is considered to be one of the biggest from India. The monetary incentive model of Swachhcoin is considered to be the best and the most innovative booster for Swachh Bharat Abhiyaan (Clean India Campaign) launched by the Government of India and headed by Honourable Prime Minister Narendra Modi in 2014, after being elected to power.
“Indian government has been actively looking for underlying possibilities to integrate blockchain across various sectors, thus there is a huge scope of growth for innovative and problem solving projects like Swachhcoin.” said Sai Teja, Chief Relations Officer at Swachhcoin.
Naman Jain, Chief Marketing Officer for Swachhcoin said “The community has showed immense support to the project, especially because we aim to solve the biggest global crisis of the 21st century. We have some exciting announcements scheduled ahead. We look forward to the continued support in the coming days.”
Earlier this week, Swachhcoin announced a number of its strategic partners ranging from various blockchain companies along with traditional waste management companies. The Team also announced its partnership with a major liquidity platform, Bancor Network.
Swachhcoin has hired 15 new members in its various department and plans to hire 35 more after the end of its presale.
Swachhcoin aims to develop a global decentralised waste management ecosystem by leveraging Big Data, IoT, AI and Blockchain Technology. Any domestic household waste generator will be rewarded monetarily in the form of Swachh Tokens for responsible waste disposal. At the same time, existing waste management industries adopting Swachhcoin platform will be equipped with highly advanced tools and technologies designed and modified exclusively to match and upgrade their existing infrastructure. This will in turn increase and ease their operational capabilities and abilities amongst numerous other benefits. Swachhcoin is Non Profit Organisation run by a group of young and talented researchers and engineers. It works for the development and upliftment of waste management sector.