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Concept:
With an imminent second incoming wave of COVID-19 starting again, as seen in China where over 100 million people have been forced into quarantine once again. This indicates a prominent second wave, which will trigger yet another massive wave of demand for both surgical masks and filtered masks. Although people may believe that it is possible to eliminate corona after one large wave, indicators point towards something different.
MaskCoin (MASK) is intended to be an alternative solution to the shortage of high quality N95 + filtered masks due to COVID-19. The idea of MaskCoin is very simple, make a secondary market for masks where consumers determine the price of masks rather than the consumers. The reason for this existing is because the price of masks has greatly inflated, regardless of the ease to produce them. Considering the sale of masks has only recently become a decentralised good one can produce, the prices of the product should also remain decentralised, considering the urgency of them. Therefore, we intend to use our own factories in India, with specialised workers and the most high quality and up to date equipment for creating these masks.
The Platform:
Once we have raised a further round of funding we intend to launch a full MaskCoin web app as well as IOS and Android app where the user can access their wallet, buy or sell MaskCoin on the free market, as well as buy physical masks to be delivered home straight through our mobil platform with international express courier. The platform is quite simple and will be forwarded to an external tech team to code and create for us. We have discussed with a few different firms that believe they can properly implement blockchain with a market place as volatile as masks during this current pandemic.
Project Execution:
We have already decided on a factory space outside of New Delhi where we would be able to produce 150,000+ masks per week with the equipment we intend to buy. As the team has manufacturing experience, we know how to put together a specialised team that will keep to the strictest COVID-19 prevention protocols while creating high quality masks that pass proper testing. We intend to focus on N95 filtered masks, which means that the masks will protect from 95% of all germs. We have confirmed already that if we have the funding we will be able to put all the variables together within the end of the month, this includes, textiles, workstations, employees, logistics and finances.
Investor Upside:
This is a lucrative opportunity for investors, we believe in the free market, and so we will be initially releasing the token at the cost to manufacture which in BTC is 9000 satoshi (BTC0.00009000) which is $0.75, the same cost as for us to produce one mask. From there, the demand for masks will cause the coin value to increase as one mask gets sold for one MaskCoin. The free market will make sure that the investors make money. Think of it as though you are buying mask commodities, you are trading based on your belief of what the demand for masks will be.
Funding Requirements:
Land - $450’000
Machinery - $150’000
Platform - $185’000
Employees (one years wages) - $110’000
Licenses & Lawyers - $50’000
Textiles - $100’000 +
Logistics - $200’000
Isn't The Opportunity Gone Already?
Definitely not. Everything indicates that COVID-19 is here to stay throughout 2020 at least. However, although COVID-19 will pass, people’s awareness and caution will remain. People will continue traveling, socialising, and gathering with masks for a long time to come. And masks are not reusable forever. If one wants to properly use a mask they have to be replaced constantly. Furthermore, with the second wave in China first now starting, we believe it is the perfect time to introduce a decentralised market for masks where people cannot be taken advantage by the supplier.
Coin Info:
Coin Supply: 5’000’000
Algo: ERC20
Ticker: MASK
ICO Price: 9000 satoshi
1 MASK = 1 mask
BTC Total: BTC450.00000000
ICO Intentions:
We intend to ICO through Yobit’s unique ICO platform which allows for many upcoming startups to receive a chance to be heard and given the chance to create a product that they strongly believe in. We wish to get the ICO up and running as soon as possible and so are intending to ICO during summer of 2020, the exact date is unknown. Using the funds received through the ICO we believe that we will be able to start a whole new market for masks where the consumer has the control rather than the producers.
Please let us know what you think of our venture! We really strongly believe in it’s success!
With an imminent second incoming wave of COVID-19 starting again, as seen in China where over 100 million people have been forced into quarantine once again. This indicates a prominent second wave, which will trigger yet another massive wave of demand for both surgical masks and filtered masks. Although people may believe that it is possible to eliminate corona after one large wave, indicators point towards something different.
MaskCoin (MASK) is intended to be an alternative solution to the shortage of high quality N95 + filtered masks due to COVID-19. The idea of MaskCoin is very simple, make a secondary market for masks where consumers determine the price of masks rather than the consumers. The reason for this existing is because the price of masks has greatly inflated, regardless of the ease to produce them. Considering the sale of masks has only recently become a decentralised good one can produce, the prices of the product should also remain decentralised, considering the urgency of them. Therefore, we intend to use our own factories in India, with specialised workers and the most high quality and up to date equipment for creating these masks.
The Platform:
Once we have raised a further round of funding we intend to launch a full MaskCoin web app as well as IOS and Android app where the user can access their wallet, buy or sell MaskCoin on the free market, as well as buy physical masks to be delivered home straight through our mobil platform with international express courier. The platform is quite simple and will be forwarded to an external tech team to code and create for us. We have discussed with a few different firms that believe they can properly implement blockchain with a market place as volatile as masks during this current pandemic.
Project Execution:
We have already decided on a factory space outside of New Delhi where we would be able to produce 150,000+ masks per week with the equipment we intend to buy. As the team has manufacturing experience, we know how to put together a specialised team that will keep to the strictest COVID-19 prevention protocols while creating high quality masks that pass proper testing. We intend to focus on N95 filtered masks, which means that the masks will protect from 95% of all germs. We have confirmed already that if we have the funding we will be able to put all the variables together within the end of the month, this includes, textiles, workstations, employees, logistics and finances.
Investor Upside:
This is a lucrative opportunity for investors, we believe in the free market, and so we will be initially releasing the token at the cost to manufacture which in BTC is 9000 satoshi (BTC0.00009000) which is $0.75, the same cost as for us to produce one mask. From there, the demand for masks will cause the coin value to increase as one mask gets sold for one MaskCoin. The free market will make sure that the investors make money. Think of it as though you are buying mask commodities, you are trading based on your belief of what the demand for masks will be.
Funding Requirements:
Land - $450’000
Machinery - $150’000
Platform - $185’000
Employees (one years wages) - $110’000
Licenses & Lawyers - $50’000
Textiles - $100’000 +
Logistics - $200’000
Isn't The Opportunity Gone Already?
Definitely not. Everything indicates that COVID-19 is here to stay throughout 2020 at least. However, although COVID-19 will pass, people’s awareness and caution will remain. People will continue traveling, socialising, and gathering with masks for a long time to come. And masks are not reusable forever. If one wants to properly use a mask they have to be replaced constantly. Furthermore, with the second wave in China first now starting, we believe it is the perfect time to introduce a decentralised market for masks where people cannot be taken advantage by the supplier.
Coin Info:
Coin Supply: 5’000’000
Algo: ERC20
Ticker: MASK
ICO Price: 9000 satoshi
1 MASK = 1 mask
BTC Total: BTC450.00000000
ICO Intentions:
We intend to ICO through Yobit’s unique ICO platform which allows for many upcoming startups to receive a chance to be heard and given the chance to create a product that they strongly believe in. We wish to get the ICO up and running as soon as possible and so are intending to ICO during summer of 2020, the exact date is unknown. Using the funds received through the ICO we believe that we will be able to start a whole new market for masks where the consumer has the control rather than the producers.
Please let us know what you think of our venture! We really strongly believe in it’s success!
