Nowadays we live in a ‘smart era’. We are surrounded by smartphones, smartwatches, driving smart cars and living in smart houses. Obviously, another step of human development leads to the smart chains – couple smart objects connected one to each other. Such solution provides the Smart City AG, a smart house software and hardware producer.
What exactly means a smart house? Thanks to the special engineering solution smart households can cut down waste, water and electricity usage. Especially the last one is crucial for a Smart City Test Net – an ICO project made by this company. Thanks to their application and special devices the smart house owner can easily track his energy usage and get rid of additional costs. What is more, he can not only decrease the consumption but also sell the energy produced by his smart system devices – like solar batteries and batteries. In the end, it leads to the carbon footprint reducing and gives an impact for a homemade green energy sector development.
So, how does it work?
With a special kit available in the online shop and the App4SmartCity, you can follow and set up the limits for the energy you use. With the bigger number of households taking part in this project, machine learning and more advanced data analysis solutions can be introduced. This is also a reason why Smart City decided to use a blockchain technology. With the SCCTN Token members who give their smart house, data will be granted for their affords. Additionally, any kinds of useful information about the energy saving posted by them will be rewarded with a proportional number of tokens.
The SCCTN token used for a Smart City ecosystem is built on the ERC-20 protocol. As a utility token, it can be used for purchases in the Smart Shop (smart hardware) as well as a loyalty reward and payment tool for other services.
+ successful ICO – over 50 million dollars collected
+ perspective field
+ working MVP (App4SmartCity), as well as The Smart City Coin Test Net, launched on 1st August 2018.
+ The Smart City Shop is working and ready for cooperation
+ The project office is based in Switzerland. A country is known as a cryptocurrency friendly (enough to mention the Zug Valley)
+ Strong advisory board
- Small community
- Overpriced products
- Not impressive promo materials
- Small team
If you want to learn more about the project check the links below: