Topic: [ANN][ICO] Smart Containers SMARC ICO 🗺✈️ Scaling a Running Logistics Business (Read 38780 times)

So after years of not being able to be list because of security tokens, my 19829 SMARC tokens bought for $10000 at their ICO are now worth $1586 with the token swap terms offer by Skycell. I don't understand why they don't offer the same price that when they sold it in their ICO ? It's totally shady

our token holders the opportunity to become dividend rights certificate holders (“Genussschein”). more Details within next 1-2 weeks

Dear Smart Containers Community

Please find hereafter an update on the company's progress in the third quarter of 2020.

The COVID-19 pandemic has turned the world as we know it upside down. The pharmaceutical industry is racing to find a vaccine against this impactful virus, while supply chains get ready to distribute them at large scale. This is a mammoth task: these vaccines will be needed at an unprecedented scale within the shortest possible time frame. On top of it, they will be temperature sensitive, which will require transportation in a controlled cold chain environment – a task that SkyCell is well positioned to support.

Despite the logistical challenges caused by disruption to airfreight, SkyCell performed extremely well. Like many other companies who are critical suppliers in this time of uncertainties, SkyCell had to adjust its operations continuously to the changing environment, for example introducing a 24x6 operation. Despite all the hurdles, SkyCell was able to maintain the exceptional quality level it set to provide. All deliveries in this year have been processed in perfect condition, without temperature excursion and delivery on time. This has been audited again, 3rd year in a row with the result of less than 0.1% temperature deviation. SkyCell remains the only company that gets audited and publishes its performance. The industry feedbacks indicate that SkyCell is the leader in regard to quality by a distance.

EU Commission & Swiss Government assign SkyCell as critical supplier

The Swiss Government as well as the European Commission have put SkyCell on their list of critical suppliers. This means that SkyCell containers can cross borders also when they are closed. This is part of the green lane program for critical suppliers in the COVID-19 pandemic.

Sales growth on track

When it comes to sales, SkyCell has developed positively. Despite the economic slowdown, SkyCell’s revenue is on track for a 70% YoY growth. This figure doesn’t include yet the shipment of vaccines needed to fight COVID-19, which we expect to have a major impact on SkyCell sales figures.

The growth financing round that SkyCell closed in April this year has allowed the company to extend the team with special focus on sales representatives in the U.S., Australia, Italy, China and South Korea. While we continue to hire, the team has grown to over 120 members worldwide. We are proud to see seasoned, high potential professionals join SkyCell despite the uncertainties of an economic downturn on the horizon. It proves that our reputation on the market is solid and that more and more industry experts recognize SkyCell’s growth potential.

Major milestone: partnership agreement with the world's second largest cargo airline Quatar Airways

Our partnership with Qatar marks a new period of growth and sustainability. Ensuring increased access to self-charging, sustainable hybrid containers, the deal fosters new progress in our industry and prepares pharma shippers to efficiently safeguard COVID-19 vaccines ahead of a global distribution. Read our full press release [here](http://apps.skycell.ch/qatar-airways-cargo-signs-agreement-with-skycell-for-hybrid-pharma-containers/). SkyCell is continuing to build up additional partnerships.

Outlook

While the economic outlook remains uncertain, we believe that the numerous initiatives in developing a COVID-19 vaccine will culminate in cooperation on all levels to tackle this virus. We as SkyCell prepare to contribute to this task with the expertise and know how we’ve built in the last 8 years.

Token Update

As you are all aware, listing a security token is a challenge, which leaves us with an unsatisfactory situation on all fronts. In the last couple of months, we have explored the best way forward for the company and our token holders.

As SkyCell prepares for future options such as a potential stock market listing for example on NASDAQ, tokens need to be exchanged for a traditional financial instrument, which has the same economic character to the token.

The solution after intense elaboration with corporate attorneys and tax attorneys is to offer our token holders the opportunity to become dividend rights certificate holders (“Genussschein”). This gives token holders the same economic benefits as the token today.

As mentioned in the white paper, Smart Containers may exit via a trade sale or stock listing. Through this simplification we are prepared for both options. This move will provide token holders with an equity instrument, fully regulated according to Swiss law and with clear rights to receive dividends and exit proceeds.

We will therefore run a swap offer that will start in 1-2 weeks. It will allow you as a token holder to swap your tokens into dividend rights certificates. The swap offer refers to SMARC only. LOGI tokens are issued by the LOGI CHAIN foundation which is a different entity. It is our aim to find a good solution with LOGI tokens as well before the end of the year. We will update in a few weeks how we aim to proceed.

To participate in the SMARC token swap, token holders will have to self-onboard via App, perform a KYC and send their SMARC tokens to a personalized burn address. Once we will start the token swap procedure, SMARC token holders will have three weeks to complete the swap. We thus recommend getting your wallets ready and making sure you have a small amount of ETH to pay for the transaction (gas).

A detailed explanation of the full swap and dividend rights certificate issuing procedure, the swap ratio, and an extensive FAQ will follow later this month together with the announcement of the start of the swap.

We are happy to answer any further questions you might have. All your inputs and remarks are welcome. We will reach out with the SMARC token swap details within a few days.

Until then, we wish you and your loved ones to stay in good health and hope that the pandemic will blow over fast.

Richard Ettl and the Smart Containers Team

Dear community,

I want to inform you that I am no longer taking care of Smart Containers' communications.

Rest assured that Smart Containers is growing and thriving.

I wish us all a bright and prosperous future.

Kind regards
Ineff

They sent out one a few weeks ago, unfortunately only to their email list, which means a lot of people didn't get the info. Someone posted the whole update here however:

https://www.reddit.com/r/SmartContainers/comments/epgq4i/email_update_on_14th_jan/

I agree that they should work on their communication, but the content of the update is very positive.

They sent out one a few weeks ago, unfortunately only to their email list, which means a lot of people didn't get the info. Someone posted the whole update here however:

https://www.reddit.com/r/SmartContainers/comments/epgq4i/email_update_on_14th_jan/

I agree that they should work on their communication, but the content of the update is very positive.

there is no information at all for ICO investors for a very long time. why is nobody of their team communicating with their community at all?
the last report provided was in Q2 2019.
is there anything we can do about it?

How long mate, we don't understand what is happening to coin, of course, they are working a lot in the background, then why the price of the coin is not increasing. Why they don't have the ability to list the coin in further exchanges, everything depends on their activity which they need to share with the community.

How do you they haven't abandoned the crypto side of their business? It is precisely the lack of updates that we don't know what is really happening. Secondly, exchange listing and trading volumes isn't their obligation. You shouldn't be overly concerned about that. A really good project will eventually find a market.

Of course, they didn't abandon their project, but the problem is they don't give any accurate updates to their community and whenever we ask about the exchange they are saying we have already been listed on Etherdelta exchange and I don't see any volumes.

Yes, it seems to be slowing the project is going to die because even there is no chance for the investors to ask the question because they have already blocked their telegram group. Even they are not providing any updates to the community, slowly the project will close all the doors without any developments.

Hello Ineff, I wonder how come there is no Q3 report? October is about to end and the bear markets for crypto is about to end. SMARC was promising but it seems to be slowly dying.

I'm hanging by this post:

The circumstances regarding token listing have not changed since the last newsletter; I kindly refer you to our blog post: https://medium.com/smart-containers/smart-containers-quarterly-update-q2-2019-f579ae30f6a9

Now, we have all the elements to finish our minimum viable product and start our roadshow by September 2019. A team of highly skilled blockchain developers is working on making this happen in the next months. The aim is to bring the platform to live as soon as possible, to unlock the functionality of the LOGI token as a utility token and be able to list it on centralized exchanges.
Please don’t hesitate to reach out to the team if you have questions.
We’d like to thank you for your support and the positive energy you are transferring in your feedbacks. We will be happy to report on our progress again by the end of Q3 2019.