Probably many of you, regular readers or even supporters of cryptocurrency, bitcoin and blockchain technology, have heard about the TecraCoin project. Nevertheless, it is worth looking at the initiative again, because ambitions and goals are within reach. If you have not yet met the Tecra project, it is probably due to the narrow or sublime type of marketing.
What is worth emphasizing at the very beginning, Tecra is a Polish concept, whose reins are mostly held by Polish names. Tecra sp.z o.o. - this is the official nomenclature of the company, which deals with cryptocurrencies, but has not left (or "been thrown out") from Poland.
TecraCoin is a long-term vision and long-term investment. Actually, the project has not yet fully started because the collection of funds (ICO) will end only in January. Financing has been ongoing for 11 months and the goal is to raise a minimum of USD 5 million (PLN 19.3 million) for further development.
Apart from ICO, the Tecra team also applies for funding under various government or European programs. For example, a few days ago they obtained EU funding of over PLN 10 million for: "research on blockchain technology in the context of the implementation of a decentralized platform for the exchange of digital assets, in particular tokenized patents and other intellectual property rights".
Another time, within the framework of European Funds, Tecra received nearly half a million zlotys for "undertaking cooperation with designers that will lead to the creation of a design line of energy-saving light bulbs made of graphene".
We live in a world of ideas, fantasies, visions and concepts, without which we had no reason to get out of bed every day. Money, a great idea, prosperity, recognition and advice from the best experts can come to nothing if you run out of a vision that brings together devoted "followers". Bitcoin is the best example of this. Financial experts, top advisors and economists often say that digital gold has no "real" value. Despite this, bitcoin has been around for almost 11 years. First of all, thanks to faith, which is an inseparable element of the success of every project.
Let's recall what has happened to such a huge spill of ICO projects in recent years?
They are not here. Over 50% of cryptocurrency startups in 2017/18/19 did not survive the test of time and did not meet the technological challenges faced by young companies. Aside from frauds and thieves who have run away to distant lands with the funds collected from investors.
Tecra in its Whitepaper outlines the idea and extensively breaks it into many different threads, therefore it is generally not clear what this project really is. The TecraCoin slogan, however, undoubtedly captures the team's attitude and says enough:
After reviewing all the materials provided by Tecra, we can say that the project will ultimately be an incubator for emerging ideas - both from the scientific, business and social side. Tecra will combine the engaging world of science and technology with profit-seeking business and together will create a product that meets the needs of today's market.
The idea that initiates the company's operations is graphene, graphene industry and an attempt to contribute to the development of this sector. Thus, its goal is to develop real, physical products from this monatomic layer of carbon, after which production will start and factories will be built.
When in 2004 a way was found to obtain graphene from graphite relatively easily, a breakthrough came and all the promises from the introduction were about to come true. Later, reality verified it and it turned out that "processing" and developing a form of graphene that can be used in industry, while maintaining its valuable properties, is extremely difficult and expensive.
The graphene industry has been constantly evolving since then. Methods of obtaining, material itself or products from graphene are becoming cheaper and available more widely. However, there are many years ahead of us before graphene comes to households, for example in the form of a light bulb that Tecra has patented.
In the White Paper, Tecra included the analysis of the graphene market for recent and future years. According to these analyzes, we can be sure that the price of single-layer graphene will decrease every year and the value of the graphene market will increase. According to Statist research, the graphene market will be worth over $2 billion by 2025.
Technavio research, to which Tecra refers, segmentises the graphene market according to the primary direction of development in this sector. The division is as follows:
The TecraCoin team works closely with the Institute of Low Temperature and Structure Research (PAN) in Wrocław, from which Tecra's scientific experts come from. Some of these professors, doctors and scientists are responsible for patenting several solutions that Tecra has now in its portfolio and will not hesitate to use them.
It seems that the first product Tecra focuses on is graphene light - a bulb made of graphene, which gives more "natural light" than what today's bulbs offer. Eventually, the product is characterized by a long lifetime, high brightness (over 100,000 lumens) or energy efficiency (100 lm / W). In addition, graphene light is to improve photosynthesis in areas with lower or shorter sunlight, offer wirelesness or security in hazardous industrial, chemical conditions, etc. (without sparks).
Other products that Tecra puts on a pedestal are paints, greases, varnishes, tires and graphene filters. Tecra's visual presentations also show a motorcycle helmet (extremely durable and comfortable), graphene-polyamide fibers ( “super durable clothing”, i.e. resistant to fire and UV radiation), filtration membrane (water purification) or heat conducting graphene coatings ( electronics, heat sinks, computers etc.)
The answer is simple: investment security.
Well, one of Tecra's main goal is patent tokenization. In other words, creating a system that tokenizes patents and allows everyone to become their shareholder. Blockchain seems like a natural choice, if not the only one.
In turn, TecraCoin (TCR) tokens will be used to pay for future products or services offered by Tecra or associated companies. It is also possible that one day you will be able to buy shares in the Tecra company / companies.
Equally important aspect in this whole puzzle are masternodes, which both keep the system in check, and allow to finance the project because the cost of running one masternode is a minimum of $25,000. Although Tecra uses masternode as an addition, the consensus algorithm (PoW) is based on bitcoin and zcoin (XZC). In addition, there are "crypto-deposits" that will be paid to masternode owners quarterly - 10% of the prize from each block is intended for this purpose.
The project has also implemented the voting system, in which token holders will decide (to some extent) in which direction the project will develop and which graphene product should be produced first. Beforehand, of course, the Tecra team will select the area of choice.
The block size on the TCR blockchain is 2MB, the block time is 2.5 minutes. Halving takes place every 4 years and reduces cryptocurrency emissions by 50%, as in BTC, here about every 840 thousand blocks.
The total amount of coins in circulation will be 210 million, which is 10 times more than in bitcoin. The developer's premine was 21 million. In the pre-sale, PLN 2.7 million tokens were sold, and 15 million tokens were allocated to public sale. Currently the price is 2.7 USD for one piece of TCR. The results of the ICO and whether the project will be implemented in full, will turn out in January 2020. The goal is to raise $20 million.
More details about blockchain techniques can be found in Tecra's materials.
The distribution of the prize from the newly mined blocks for miners, developers, scientific projects, masternodes and "crypto-deposits" can also be found in the Whitepaper as every 12 months the distribution changes.
The final distribution and distribution of Tecra funds (in both fiat and cryptocurrencies) will look as follows:
The distribution of received funds will be allocated as follows:
You have to answer the above question yourself by conducting your own analysis, and preferably commissioning it to some independent entity. For those interested, Tecra’s SWOT analysis is available in the Whitepaper.
Article written by Łukasz Jeżak for BitHub.pl
Original version https://bithub.pl/artykuly/grafen-tecracoin-kryptowaluty-blockchain/
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