Smart Refinery Technologies Group, the developer of innovative technical solutions and equipment for the production of automobile fuels is creating the world's first blockchain platform for the oil refining industry. Smart Refinery Technologies is an all-up business process support platform, from production to selling fuel to consumers: Eco-friendly EURO-5 class fuel production management based on manufacturing modules of SRT Group. Trading based on decentralised fuel exchange with smart contracts-based payments. Pay fuel with cryptocurrency - fuel cards with cryptocurrency wallets integration gives an opportunity to pay fuel at petrol stations with cryptocurrency.
What is Smart Refinery Technologies (SRT)?
Smart Refinery Technologies (SRT) is the first global company to combine blockchain technology in the petroleum industry. SRT uses blockchain technology to integrate small refineries globally into official information networks. Participants earn their income.
The mission of the SRT group is to apply blockchain technology to the oil refining industry on a global scale, and the SRT group makes significant progress in this regard. The project proposes the creation of a new business model in the oil refining industry based on the SRT blockchain platform, which will increase the economic efficiency of platform participants by automating business processes, reducing transaction costs and ensuring data transparency and reliability.
Smart Refinery Technologies Group, since 2012, is a developer and supplier of high technology refining equipment for small and medium scale refineries. The company has developed technology processes and equipment based on new generation zeolite catalysts. The proposed equipment will significantly increase the profitability of small oil refineries by increasing the depth of refining and improving the quality of petroleum products - gasoline and diesel.
Smart Refinery facilities
It is important to mention that Smarty Group Technologies platform is well equipped with the latest high-tech oil mining tools among other products. The platform also has a good number of experienced oil refining experts who have been into this service for quite some time now thus are able to tackle all the challenges that face this industry. Its affiliate network has operated successfully in oil refining business and has managed so far to collect a total of 15 million dollars. After launching the production by the Smart Refinery facilities, all the regions will be provided with high-quality, eco-friendly EURO-5 fuel at a lower price.
How does SRT work?
SRT is a manufacturer of high-tech refining equipment for small refineries. Its equipment can produce high quality engine fuels (EURO 5 type) only used for production by large refineries. With this new facility, small refineries can reduce production costs and increase their revenues and profits.
Filter modules will not be sold; They will be hired for long-term use. For a company to lease equipment, a royalty fee (license fee) depends on the volume of processing material that is required. It has become the main source of funds for SRT and the projects participants are trading on this platform.
How would i benefit from SRT?
Production of another plan of action, for the fuel business, in view of the Smart Refinery Technologies' (SRT) blockchain stage which cover creation, strategic, exchanging and dissemination of engine fills everywhere throughout the world. That will take into account increment in the monetary proficiency of the stage members, by methods for robotization of business forms, lessening operational and exchange costs, and guaranteeing straightforwardness and nature of information with respect to hardware tasks, crude materials and items, exchanges between members of the stage and so on.
• Creation of advantages for the general public by expanding the customers' entrance tocquality engine fills that agree to present day natural norms, and furthermore bycstreamlining the entrance of oil handling organizations to trend setting innovations and hardware
• Development of the world's first worldwide system of little tonnage oil refineries, every one of which, acting freely, makes basic monetary esteem greater that if working alone
• Active support of the SRT Club individuals (owning the SRT-coin tokens) in the advancement of the stage and getting income from the movement that makes social and financial advantages.
ICO and Token
SRT tokens: SRT-Coin - utility-token stage is a standard for exchange commissions installments, eminences and installments for exchanges inside the network. The ERC-20 token standard will permit to utilize the current Ethereum arrangement foundation for putting away tokens and leading exchanges. The issue of tokens is constrained – 100.000.000 SRT-Coin. "Installment for commissions" tokens consuming project will be executed.
SRT Token
Pre ICO price: 1 SRT = 0.5 USD
Bonus: Yes
ICO Price: 1 SRT = 1 USD
Platform: Ethereum
Acceptance of contributions: ETH, BTC, LTC, BCH, DASH
Soft stamp: 500,000 USD
Hard stamp: 5,000,000 USD
Country: Estonia
Whitelist / KYC: White List
Prohibition: US, Chin
Using SRT-coin tokens
SRT-coin token is a utility token, which will be used in the operation of the blockchain platform of managing license payments of oil refineries, as well as in other ways described below:
Payment of license fees in the SRT platform
Companies wishing to become production partners of the platform and receive SRT Group's refinery equipment for lease on favorable terms should be holders of at least 10,000 SRT-coin Tokens. All production partners that are small tonnage oil refineries, will receive SRT Group equipment on long-term lease conditions with an obligation to pay royalties for the volumes of actually processed raw materials. Thus, greater the number of oil refineries connected to the platform, and greater the volume of raw materials processed, resulting in larger amounts of license fees collected. Payments under the license agreement will be denominated in a fiat currency depending on the provisions of local legislation. In most cases the US dollar will be used as the accounting currency. SRT Group Company will include into the license agreement a condition that, in case of payment of license fees using SRT-coin tokens, a discount of 20% from the sum of payment will be provided. This condition will be a direct economic incentive for participants to use tokens and purchase them for settlements of the accounts inside of Platform. At the same time, the amount of SRT-coin for the payment will be determined based on the current market price at the payment time, which in turn will be determined based on information about the purchase / sale transactions of SRT-coin on cryptocurrency exchanges or similar public trading platforms. If the local legislation will not allow oil processing companies to make payments via SRT-Coin, they will be able to deliver royalty payments in fiat currency, to the payment and license Agents, accredited in the system, whereas those registered in areas, where crypto-currencies can be officially used as a means of payment, or such payments are not prohibited by local legislation, will pay in SRT-Coins.Payments for lease of equipment and other SRT Group services
Participants of the platform will be offered mechanisms for paying lease of production equipment and related services (engineering, start-up and commissioning of equipment, replacement (renewal) of catalysts in the production process, laboratory services and services of developing optimal technological regimes depending on the type and cost of raw materials and finished products in order to maximize profits of oil refineries).Possibility of purchasing the goods and services of the platform participants
The participants of the SRT blockchain platform, which may be, including but not limited to oil refineries, oil producing companies, petroleum products traders, logistics companies, filling stations, etc. can accept SRT Coin as payment for their goods and services. Each of the participants independently takes a decision about this, based on their own interests and goals. The SRT-coin platform will provide the appropriate functionality for settlement of the accounts and creation of smart contracts.The possibility of supporting the development of blockchain community and participation in the development of SRT blockchain platform.
The participants of the SRT platform can, using any means that are not prohibited by the law, support non-commercial, research initiatives and projects using the SRT-coin Tokens belonging to them, in order to develop the SRT blockchain platform, as well as to solve the topical problems of implementing the blockchain Technologies in the business processes of manufacturing companies and service providers.The possibility to use SRT-coin Tokens to support charity, research and other socially useful projects.
The participants of the SRT platform can support any charity, research and other socially useful projects by any means, not prohibited by law, including charitable donations of the SRT-coin Tokens to specialized funds.
Team SRT consists of professionals
in the field of scientific research, blockchain developers, oil market experts. In SRT team there are 2 current professors, 4 doctors and Ph.D., professional managers with experience in world TOP-10 oil companies. The global increase in demand for fuel exceeds 5,000,000 tons annually. The market craves for innovative solutions to meet this demand. Join the blockchain revolution in the fuel business!
Roadmap
Website: http://srtcoin.io/en
Whitepaper: http://srtcoin.io/docs/en/wp.pdf
Facebook: https://www.facebook.com/SmartRefinery/
Twitter: https://twitter.com/SmartRefinery
Telegram: https://t.me/SmartRefinery
Author - TheMayweatherUK (https://bitcointalk.org/index.php?action=profile;u=1661797)
Eth Wallet - 0x3Ab62B077fBebCfF83EFa8fBF48E50f54dDA1A89