Sosnovkino

MODERN INVESTMENT PROJECT IN CONSTRUCTION INDUSTRY BASED ON BLOCKCHAIN TECHNOLOGY

About Sosnovkino

 

Sosnovkino is a real estate project, secured by a land asset, that is raising funds via an ICO.

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Sosnovkino is located 20 km south of Novosibirsk, which is the center of the Siberian region, with a population of about two million. The most popular artificial lake in West Siberia and pine forest make this area very attractive. According to the project information, the Sosnovkino Foundation already owns 194 hectares of land in the area (including 11.9 km of the adjacent coastline), worth an estimated $3,000,000. This area is intended for the construction of private houses, for which the foundation plans to develop a centralized infrastructure. To complete the infrastructure, an investment of $2,700,000 is required. The foundation plans to complete construction by October 2018, after which it will begin to sell 1,800 individual plots.

In order to raise the required funds, the Sosnovkino Foundation is conducting a crowdsale of 270,000 SNKCoin tokens at $10 each. Each token guarantees its holder a share of the company’s profits, as well as voting rights on matters of foundation operations. 70% of the profit will be distributed to token-holders quarterly, starting October 2018. Dividends will be paid in a chosen cryptocurrency. Token holders will also be able to buy and sell SNKCoin on the exchange at market value.

Sosnovkino

According to the project information, Sosnovkino is a reliable investment, backed by a land asset not subject to inflation, and as such provides SNKCoin with some immunity to the volatility of cryptocurrencies. The foundation anticipates a 300% profit for ICO investors, with income not only from the land plots but also from the roads and infrastructure which will remain in the foundation’s ownership. The estimated investment return period is two years.

Project Timeline

Following the token crowdsale, in September 2017, the collected funds will be deposited in the Sosnovkino Foundation’s account in the Cayman Islands. In October 2017, Sosnovkino LLC will transfer the funds for construction of gas and water pipelines, electric and central sewage systems (and, presumably, construction will begin). In December 2017, a blockchain vote will be held among all token holders to decide on a start date for the sale of the 1,800 land plots, their selling price, the real estate agency, and marketing expenses. After voting, Sosnovkino LLC will choose a real estate agency and enter into a contract for sale with an established price policy. Construction is planned to be completed by July 2018, whereupon Sosnovkino will build roads in the entire territory of the settlement. This is planned to be completed by October 2018.

Dividends will be paid quarterly to token holders starting from the sale of the first land plot and until the last one is sold. The estimated selling price of a land plot is $10,200. After all the plots have been sold, token holders will continue to receive a share of the profits from monetization of the roads and engineering communications which will remain in the foundation’s ownership.

The Team:

  • Maxim Dvedenidov, CEO – An experienced suburban real estate project developer who has developed more than 3,000 land plots in the Russian Federation, several successful projects in the Czech Republic, and a resort apartments project in Thailand.
  • Olga Serbinenko, CFO – A financial and business analyst with a Master’s degree in Economics from the Plekhanov Russian University of Economics, a BBA from the Moscow Technological Institute, and a BA in Real Estate, Finance and Revenue Management from the Glion Institute in Switzerland, as well as experience as a financial director in two successful startups.
  • Dmitry Nagornykh, CIO – An IT specialist with a master’s degree in Information Technologies and Computational Systems from Novosibirsk State University, where he is currently working on his PhD and as Senior Teacher; a professional in artificial intelligence, neural nets, computational systems, and blockchain technologies.

A word of caution: although Sosnovkino appear to be open and available, at least one interested party has found their Telegram, Wechat, and Slack communication channels to be unresponsive. Also, neither Maxim Dvedenidov nor Olga Serbinenko list Sosnovkino on their LinkedIn profiles.

Crowdsale Details

Start Time 26-July-2017
End Time 26-August-2017
Total Supply 270,000 SNK (100%)
Maximum Raise 2,700,000 USD
Pricing Structure $10 per SNK
Holding of Funds N/A

Project Highlights

Technical White Paper       The Sosnovkino whitepaper is a concise, professional presentation of the project’s business model.
Team The team appears to be professional and capable. However, there are only three team members, one of whom does not have a LinkedIn profile, while the other two do not list this project on theirs.
Location Unclear where Sosnovkino LLC will reside; the foundation’s account is in the Cayman Islands.
Blockchain Ethereum
Project Code N/A
Prototype N/A
Token Rights Dividends and voting rights.
Token as Asset Via exchange.

*Disclosure – At the time of writing, Cryptorated staff owned no Sosnovkino tokens.

Interested in deeper analysis – Sosnovkino?

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Token Sale Use of Blockchain

Product

3.0
Product
Readiness

Is the product ready for use? Is there a working prototype or MVP? How long until it is operational?

2.0
N/A
2 - Proof of concept or test platform.
Appeal

How appealing is the product? How good or necessary is it? Does it have a distinct edge?

3.0
N/A
3 - Interesting.
Target User Base

Is it mass market or niche?

2.0
N/A
2 - Small audience / niche market.
Competition

Are there many other similar solutions or is this one of just a few, or even one of a kind?

5.0
N/A
5 - Hardly any (or no) competition.
Innovation

How innovative or inventive is the product, either conceptually or technologically?

3.0
N/A
3 - Partial, a novel approach or aspect.

Product

Product Whitepaper

Use of Blockchain

2.0
Use of Blockchain
Blockchain Development

Is blockchain technology essential? Does it make the solution significantly different and better?

2.0
N/A
2 - Some smart contract functionality.
Disruptive Blockchain Advantage

How disruptive is the introduction of blockchain technology into the product's market space?

2.0
N/A
2 - Some, but not much.
Need for Custom Token (vs. BTC or ETH)

Is the token essential or could it be done just as well or better with fiat or Bitcoin?

1.0
N/A
1 - None really, just fundraising.
System Decentralization (besides token)

How decentralized is the system architecture other than the token (e.g., data collection, storage, access, and use, or decision making processes, etc.)?

2.0
N/A
2 - Centralized with some plans to decentralize.
Contribution to Blockchain Ecosystem

How compelling is the solution's contribution to the evolution of blockchain infrastructure and economy?

3.0
N/A
3 - Interesting.

Use of Blockchain

Use of Blockchain Roadmap

Whitepaper

2.6
Whitepaper
Comprehensiveness

Is there a concrete and practical development plan (vs. just a conceptual vision)?

2.0
N/A
2 - Insufficient coverage.
Readability

Is it easy enough to understand?

2.0
N/A
2 - Difficult, tech / marketing babble.
Transparency

Does it candidly describe and disclose where the project now stands, how much exists and how much still needs to be done, etc.?

3.0
N/A
3 - Basic honesty with some hype.
Business Plan Presentation

Does it contain a viable, comprehensive business plan?

3.0
N/A
3 - More information required.
Technology Presentation

Does it present a well thought out technological architecture? Does it address implementational challenges?

3.0
N/A
3 - More information required.

Whitepaper

Whitepaper Compliance

Roadmap

3.6
Roadmap
Concreteness

Is there a concrete and practical development plan (vs. just a conceptual vision)?

4.0
N/A
4 - Down to earth.
Feasiblity

Is the development plan realistic? Is it based on reasonable goals and timelines?

4.0
N/A
4 - Realistic.
Vision

Is there a larger, long-term vision?

3.0
N/A
3 - A trend with potential.
Dependencies (services or capabilities)

How available, operational, or trusted are the other systems or capabilities on which the project relies?

4.0
N/A
4 - Available and trusted.
Current Position

Where is the project now, relative to its vision and plans?

3.0
N/A
3 - Getting there.

Roadmap

Roadmap Company and Team

Compliance

1.4
Compliance
Token Utility (value through usage)

How much use is there for the token itself (regardless of its value as an investment vehicle)?

2.0
N/A
2 - Minimal or contrived.
Token as Security (tradable instrument)

How valuable is the token as an investment vehicle or financial instrument?

2.0
N/A
2 - Primarily, with few additional rights.
Token/Smart-Contract Readiness

Is the blockchain infrastructure of the project ready for use? Is there a working prototype or MVP? How long until it is operational?

1.0
N/A
1 - Nothing yet, just an idea.
Attention to Compliance Issues

How much attention is given to compliance (via token and ecosystem design, token sale participation, etc.)? Is this issue addressed directly and coherently?

1.0
N/A
1 - None; ignored.
Legal Review/Risk Assessment

What kind of legal documentation (reviews or agreements) and risk assessment are provided?

1.0
N/A
1 - None available.

Compliance

Compliance Token Sale

Company and Team

2.6
Company and Team
Company Stage and Foundation

Is the company already established? Has it raised funds before? Is it mature?

2.0
N/A
2 - Initial stages of formation.
Background of Lead Team Members

Do we know who they are? Do they have LinkedIn profiles? Do they have solid, relevant backgrounds?

2.0
N/A
2 - Fragmented or inconclusive.
Team Assembly and Commitment

Is a solid, fully committed core team in place? Do they have online (e.g. LinkedIn) profiles showing sufficient relevant experience? Is their participation transparent?

3.0
N/A
3 - Mostly assembled and committed.
Team Skill Set Relevance

Does the amount of talent and skill in each area seem to fit the project requirements?

3.0
N/A
3 - Correlated to project requirements.
Team Skill Set Balance

Is the team well-rounded (biz/tech/blockchain)? Is there sufficient talent and skill in all areas of required development?

3.0
N/A
3 - Somewhat uncertain, probably okay.

Company and Team

Company and Team Product

Token Sale

2.8
Token Sale
Raise Amount Max

Is there a clear cap? Is the maximum raise amount modestly sufficient (as opposed to either greedy or insufficient)?

4.0
N/A
4 - Well suited to needs and plans.
Raise Amount Min

Is the minimum raise reasonable considering the development plan? Are there raise-amount dependent milestones?

1.0
N/A
1 - None or nonsensical.
Fund Allocation

Is fund distribution and allocation reasonable and justified?

4.0
N/A
4 - Well defined and reasonable.
Token Allocation

Is the ratio of tokens sold to those kept reasonable? Does it prevent the company from having too much control?

3.0
N/A
3 - Sufficient company/community interest balance.
Media Presence and Following

Is the sale being talked about in Reddit, Bitcointalk, Social Media, Medium, etc.? Is information available and accessible? Is there interest?

2.0
N/A
2 - Minor exposure and interest, or ambivalent reception.

Token Sale

Product

Category Breakdown
Readiness

Is the product ready for use? Is there a working prototype or MVP? How long until it is operational?

2.0
N/A
2 - Proof of concept or test platform.
Appeal

How appealing is the product? How good or necessary is it? Does it have a distinct edge?

3.0
N/A
3 - Interesting.
Target User Base

Is it mass market or niche?

2.0
N/A
2 - Small audience / niche market.
Competition

Are there many other similar solutions or is this one of just a few, or even one of a kind?

5.0
N/A
5 - Hardly any (or no) competition.
Innovation

How innovative or inventive is the product, either conceptually or technologically?

3.0
N/A
3 - Partial, a novel approach or aspect.
Product Score:
3.0

Use of Blockchain

Category Breakdown
Blockchain Development

Is blockchain technology essential? Does it make the solution significantly different and better?

2.0
N/A
2 - Some smart contract functionality.
Disruptive Blockchain Advantage

How disruptive is the introduction of blockchain technology into the product's market space?

2.0
N/A
2 - Some, but not much.
Need for Custom Token (vs. BTC or ETH)

Is the token essential or could it be done just as well or better with fiat or Bitcoin?

1.0
N/A
1 - None really, just fundraising.
System Decentralization (besides token)

How decentralized is the system architecture other than the token (e.g., data collection, storage, access, and use, or decision making processes, etc.)?

2.0
N/A
2 - Centralized with some plans to decentralize.
Contribution to Blockchain Ecosystem

How compelling is the solution's contribution to the evolution of blockchain infrastructure and economy?

3.0
N/A
3 - Interesting.
Use of Blockchain Score:
2.0

Whitepaper

Category Breakdown
Comprehensiveness

Is there a concrete and practical development plan (vs. just a conceptual vision)?

2.0
N/A
2 - Insufficient coverage.
Readability

Is it easy enough to understand?

2.0
N/A
2 - Difficult, tech / marketing babble.
Transparency

Does it candidly describe and disclose where the project now stands, how much exists and how much still needs to be done, etc.?

3.0
N/A
3 - Basic honesty with some hype.
Business Plan Presentation

Does it contain a viable, comprehensive business plan?

3.0
N/A
3 - More information required.
Technology Presentation

Does it present a well thought out technological architecture? Does it address implementational challenges?

3.0
N/A
3 - More information required.
Whitepaper Score:
2.6

Roadmap

Category Breakdown
Concreteness

Is there a concrete and practical development plan (vs. just a conceptual vision)?

4.0
N/A
4 - Down to earth.
Feasiblity

Is the development plan realistic? Is it based on reasonable goals and timelines?

4.0
N/A
4 - Realistic.
Vision

Is there a larger, long-term vision?

3.0
N/A
3 - A trend with potential.
Dependencies (services or capabilities)

How available, operational, or trusted are the other systems or capabilities on which the project relies?

4.0
N/A
4 - Available and trusted.
Current Position

Where is the project now, relative to its vision and plans?

3.0
N/A
3 - Getting there.
Roadmap Score:
3.6

Compliance

Category Breakdown
Token Utility (value through usage)

How much use is there for the token itself (regardless of its value as an investment vehicle)?

2.0
N/A
2 - Minimal or contrived.
Token as Security (tradable instrument)

How valuable is the token as an investment vehicle or financial instrument?

2.0
N/A
2 - Primarily, with few additional rights.
Token/Smart-Contract Readiness

Is the blockchain infrastructure of the project ready for use? Is there a working prototype or MVP? How long until it is operational?

1.0
N/A
1 - Nothing yet, just an idea.
Attention to Compliance Issues

How much attention is given to compliance (via token and ecosystem design, token sale participation, etc.)? Is this issue addressed directly and coherently?

1.0
N/A
1 - None; ignored.
Legal Review/Risk Assessment

What kind of legal documentation (reviews or agreements) and risk assessment are provided?

1.0
N/A
1 - None available.
Compliance Score:
1.4

Company and Team

Category Breakdown
Company Stage and Foundation

Is the company already established? Has it raised funds before? Is it mature?

2.0
N/A
2 - Initial stages of formation.
Background of Lead Team Members

Do we know who they are? Do they have LinkedIn profiles? Do they have solid, relevant backgrounds?

2.0
N/A
2 - Fragmented or inconclusive.
Team Assembly and Commitment

Is a solid, fully committed core team in place? Do they have online (e.g. LinkedIn) profiles showing sufficient relevant experience? Is their participation transparent?

3.0
N/A
3 - Mostly assembled and committed.
Team Skill Set Relevance

Does the amount of talent and skill in each area seem to fit the project requirements?

3.0
N/A
3 - Correlated to project requirements.
Team Skill Set Balance

Is the team well-rounded (biz/tech/blockchain)? Is there sufficient talent and skill in all areas of required development?

3.0
N/A
3 - Somewhat uncertain, probably okay.
Company and Team Score:
2.6

Token Sale

Category Breakdown
Raise Amount Max

Is there a clear cap? Is the maximum raise amount modestly sufficient (as opposed to either greedy or insufficient)?

4.0
N/A
4 - Well suited to needs and plans.
Raise Amount Min

Is the minimum raise reasonable considering the development plan? Are there raise-amount dependent milestones?

1.0
N/A
1 - None or nonsensical.
Fund Allocation

Is fund distribution and allocation reasonable and justified?

4.0
N/A
4 - Well defined and reasonable.
Token Allocation

Is the ratio of tokens sold to those kept reasonable? Does it prevent the company from having too much control?

3.0
N/A
3 - Sufficient company/community interest balance.
Media Presence and Following

Is the sale being talked about in Reddit, Bitcointalk, Social Media, Medium, etc.? Is information available and accessible? Is there interest?

2.0
N/A
2 - Minor exposure and interest, or ambivalent reception.
Token Sale Score:
2.8

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