Bitcoin Forum

SRCoin (https://www.srcoin.info)- Subscription Revenue & Asset-Based Token

SRCOIN’s issuer, K RENTAL (https://www.srcoin.info/about-k-rental), Korean - Malaysian corporation , has the third largest market share in
Malaysia subscription market. Headquartered in Kuala Lumpur, K Rental has 78 stores across the country
with over 5000 employees, and is planning to IPO in the Singapore Stock Exchange in 2020.

We are issuing SRCOIN to tap into the $1.1 billion dollar massage chair market using the subscription business
model. The goal of this crowdsale is simple. After purchasing the massage chairs with the ICO funding, we will
use K Rental’s existing infrastructure to promote subscription plan for these chairs and share the generated
profit with the ICO contributors.

Currently, there are five Japanese companies with a monopoly in selling the massage chairs. By entering the
massage chair market with subscription business, we will tap into the untapped market.

Our goal is to accelerate the process of raising capital needed for this subscription business plan in order to
achieve speed to market. And the participants of the SRCOIN throughout the world can witness the scarcity of
SRCOIN through our implementation of buy back & burn policy.


ABOUT K RENTAL (https://www.srcoin.info/about-k-rental)

SRCOIN ICO STRUCTURE

1st Pre-ICO Price: 1 ETH = 700,000 SRCoins + 100,000 Bonus SRCoins

2nd Pre-ICO Price: 1 ETH = 700,000 SRCoins + 50,000 Bonus SRCoins

Main ICO Price: 1 ETH = 700,000 SRCoins + No Bonus


ICO Duration:

1st Pre-ICO - Jan 1st ~ 31st 2018 (UTC)

2nd Pre-ICO - Feb 1st ~ 28th 2018 (UTC)

Main ICO - March 1st ~ 31st 2018 (UTC)

Accepted currency: ETH
​
Total supply: 15 Billion SRCoins

ICO utilization: Contributors 70% / Founding Team 15% / Advisors & Early Contributors 10% /Sales Team 5%
 
SRCoin  Value Proposition: Value of SRCoin will increase through repeated Buy-back & Burn policies


Key Advantages of Subscription Business?

Higher Margin
Funds gathered through SRCOIN will mainly be used to purchase products for high yield subscription business plan. These purchased assets have higher profitability(sales profit higher than 50%) than real estate and more liquidity.

Established Company & Experienced management
The funds raised from the crowdsale of SRCOINs will be invested in K Rental, an already established company, and its project for starting the massage chair subscription business. Hence, there is fundamentally no risk of business not proceeding, meaning safety of investment and stability is guaranteed.

Value Enhancement
Through our “buyback & burn” policy, we will constantly maintain SRCOIN’s scarcity and create a stimulus for SRCOIN’s price to rise. Also, we plan to use portion of our profit to distribute ETH back to our contributors.

​

OFFICIAL BOUNTY THREAD (https://bitcointalk.org/index.php?topic=2757926)


PLEASE VISIT OUR WEBSITE FOR MORE INFO!
I WILL BE HAPPY TO ANSWER ANY QUESTIONS YOU MAY HAVE!

WEBSITE URL (https://www.srcoin.info)

WHITEPAPER [ENG] [KR] [JP] [CN] (https://www.srcoin.info/whitepapers)

Quote for image, but there is no image and other info at this ANN
Please add more info here  ;)

Thanks for the heads up!

I can't see anything also

Newbie members can't post images so I ended up going the text post route. Thanks for the heads up!

Hmm...a coin to tap into the billion dollar massage chair industry. So you the after the ICO, all the revenue will go into purchasing the massage chairs and will be rented out to the public and companies? Then the profit will be shared to all ICO contributors? What is the percentage of profit sharing?

Yup, you got the general idea of our project correct. 50% of the generated profit will be shared among the ICO contributors!

Why is it that the website of K Rental is under maintenance? Checking that site to see who's backing this SRCoin.

The website was done horribly by a third party company and we are rehauling the entire site.
In mean time, you can learn more about our company in the whitepaper.
Starting from page 19, we listed our license, history, and pictures of the management team / stores.

Are you planning a n airdrop by any chance?
thanx

any airdrop?

We have no plans of it currently. I will update you if we do!
Thanks for asking.

Error fixed on Korean whitepaper and re-upped.

Chinese & Japanese Whitepapers removed for rehaul

"Currently, there are five Japanese companies with a monopoly in selling the massage chairs. By entering the
massage chair market with subscription business, we will tap into the untapped market.

Our goal is to accelerate the process of raising capital needed for this subscription business plan in order to
achieve speed to market. And the participants of the SRCOIN throughout the world can witness the scarcity of
SRCOIN through our implementation of buy back & burn policy."


Do you intend to purchase the massage chairs from companies outside the famous Japanese 5? And if so, would it not be a better idea to partner with these companies - since they already own the market  - and introduce to them the idea of the subscription plan on a blockchain platfrom, this being your innovative idea. so you now have the "monopoly" on that which still works to your advantage?

Thanks for asking!
Our goal is to purchase the chairs from Korea. The Japanese companies are focusing on a different business model(retail) while we focus on subscription(rental) business. Working together can be beneficial but we believe that is unnecessary since we already have the means to accomplish our goals.

SRCOIN is a decentralized health information platform. Using blockchain technology, distributed and subscribed massage chairs are connected to decentralized network hubs that build health data platform, providing useful health information to patients, medical institutions, and research facilities.

SRCOIN Project
1. Massage Chair Rental Subscription : Acquire and distribute massage chairs through our rental subscription business model
2. Blockchain Health Data Platform : Connect distributed massage chairs into decentralized network hubs using blockchain technology and Construct a health data platform
3. Health Data Services : Through this platform, personal health information will be consolidated into a time series data, and the information can be used by customers or shared with personal doctors, local pharmacies, and research institutions to contribute in preventive and diagnostic healthcare

ICO Timeline 1st Pre-ICO :
Jan 1st ~ 31st 2018 (UTC)

2nd Pre-ICO : Feb 1st ~ 28th 2018 (UTC)

​Main ICO : March 1st ~ 31st 2018 (UTC)



1st Pre-ICO Price : 1 ETH = 700,000 SRCoins + 100,000 Bonus SRCoins

2nd Pre-ICO Price : 1 ETH = 700,000 SRCoins + 50,000 Bonus SRCoins

Main ICO Price : 1 ETH = 700,000 SRCoins + No Bonus

JOIN US ;)

A project with real life business is one of many project that need to get more attention, since they already have basic to get success.
Through this opening of crypto currency based on the actual project will make the company grow bigger and stronger.

Exactly!  By having a real world profit generating business as a foundation, we are able to build more sustainable value proposition for SRCOIN and establish a margin of safety for contributors in this project.  With this as a base, we are adding on blockchain technology and hope to build a health information platform  :)

We are approaching the end of our 1st PRE-ICO!
Thank you to those who participated! We have little more to go.
Feel free to reach out to me with any questions :)

Announcement-

We entered 2nd Pre-ICO and to reward our early contributors SRCoin is having a lottery event.
Please visit our WEBSITE (http://www.srcoin.info) to learn more about the event and how you can enter to win more SRCoins!

Hello, manager of the bounty.
I did not receive a stake for the week of February 9-15.
But I gave the report:
https://bitcointalk.org/index.php?topic=2757926.msg30537540#msg30537540
Make changes to the table.
Thank you.

We will take a look at it. Please use the bounty thread for any bounty related questions next time :)

We are over with Pre-ICO phase and Main-ICO have started!

We have great announcements to make in upcoming days so please be sure to check out our website for more info!

Are there any fresh ideas about the development of the project? Can I still join the campaign? And then the branch is not actively developing.

It should be that they do and better make their tokens better and make new development to ride the price in the market. It's the best way to produce a good one.

Why the price of the SRCoin coin has grown so much ... maybe the good news is who knows ??? https://coinmarketcap.com/currencies/srcoin/#markets
"Alpha product is near completion World's first massage chair with health collect function + blockchain tech"  - Is it really - These news?

They have very cheap coin prices right now because I have this coin for long-term investment but will the coin price rise again or go down with the impact of the price of Bitcoin and Ethereum?