Website

Science Blockchain (SCI)

ICO

Published: Aug 09, 2018

We want to use our expertise at company building to help what we anticipate will be the best blockchain entrepreneurs build the software giants of the next century. We believe our token holders should benefit from access to a stream of new tokens from our carefully incubated portfolio companies. In turn, investors should as a result, participate in any upside from ownership of the Science Tokens, as the proceeds from acquisition of portfolio companies are used to repurchase those tokens on the open market.

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Overview

Project industry	Finance Services & Banking
Product type	Platform
Whitepaper	Open

What is Science Blockchain

Science Blockchain is a multifaceted project that aims to create an Incubator for the ICO market. The Incubator size is equal to the gross proceeds from the Science Blockchain Tokens offering. SCI is an ERC20 token that represents an economic interest in the sole limited partnership interest in the Incubator structure that invests in blockchain technology. The Incubator seeks to create an environment where blockchain entrepreneurs can develop their concepts, benefit from the Incubators resources (strategic, legal, technical, etc.) and launch their ICOs.

Details

Pre-sales: Sep 11, 2017 - Oct 08, 2017
Public sales: Oct 09, 2017 - Nov 22, 2017
Token supply: 100,000,000
Soft cap: 50,000,000USD (fiat)
Raised: 12,300,000 USD

Legal

Registration country: Singapore

Token info

Ticker: SCI
Type: Security
Token price in USD: 1 SCI = 1 USD
Accepted currencies: USD BTC ETH
Funds allocation:
If the reserves of the Incubator are less than 80% of the gross amount contributed by the Issuer to the Incubator, then at least the lesser of 25% of Proceeds or $20 million will be used to maintain capital reserves in the Incubator for reinvestment.
Of the remaining Proceeds, 70% will be used to purchase SCI Tokens in the open market (which may be done directly by the Incubator or by the Issuer in compliance with applicable law) and 30% will be distributed to the GP in its capacity as general partner of the Incubator.