• Sosnovkino

    2.57
  • 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.

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?

 

Team

Crowdsale Details

Project Highlights

Ratings

Product

View Breakdown
Readiness

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

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

Does this solution have a distinct edge?

3
N/A
3 - Interesting.
Target User Base

Is it mass market or niche?

2
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
N/A
5 - Hardly any (or no) competition.
Innovation and IP

Is there (patentable) innovation and intellectual property?

3
N/A
3 - Partial, a novel approach or aspect.
Use of Blockchain

View Breakdown
Blockchain Development

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

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

Is it safeguarded against misuse and corruption?

2
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
N/A
1 - None really, just fundraising.
System Decentralization (besides token)

Does the token provide holders with value other than as an investment?

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

Does the solution contribute to the evolution of blockchain infrastructure and economy?

3
N/A
3 - Interesting.
Whitepaper

View Breakdown
Comprehensiveness

Does it cover the full scope of the problem and solution?

2
N/A
2 - Insufficient coverage.
Readability

Is it easy enough to understand?

2
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
N/A
3 - Basic honesty with some hype.
Business Plan Presentation

Does it contain a viable, comprehensive business plan?

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

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

3
N/A
3 - More information required.
Roadmap

View Breakdown
Concreteness

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

4
N/A
4 - Down to earth.
Feasiblity

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

4
N/A
4 - Realistic.
Vision

Is there a larger, long-term vision?

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

Does it seem as though a lot of know-how and experience went into the development plan?

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

Is the project currently sufficiently far along in its development plan (relative to its vision and plans)?

3
N/A
3 - Getting there.
Compliance

View Breakdown
Token Utility (intrinsic value through usage)

Is there a concrete business plan (vs. market descriptions, general sentiments, and fluff)?

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

Is the business model realistic? Is it based on reasonable goals and timelines?

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

Are the solution's revenue streams, profit mechanisms, key KPIs, etc. clear and easy enough to understand?

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

Is the project raising an amount of money that makes sense given what it needs to reach profitability?

1
N/A
1 - None; ignored.
Legal Review or Agreement

Is it safe from legal, moral or investor abuse?

1
N/A
1 - None available.
Company and Team

View Breakdown
Company Stage and Foundation

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

2
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
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
N/A
3 - Mostly assembled and committed.
Team Skill Set Relevance

What is the level of presence, added value, and commitment of the advisory board?

3
N/A
3 - Correlated to project requirements.
Team Skill Set Balance (biz / tech / blockchain)

Are there enough sufficiently experienced blockchain architects and developers on the team?

3
N/A
3 - Somewhat uncertain, probably okay.
Token Sale

View Breakdown
Raise Amount Max

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

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

Is the minimum raise reasonably enough to carry out the majority of the development plan? Are there raise amount dependent milestones?

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

Is fund distribution and allocation reasonable and justified?

4
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
N/A
3 - Sufficient company/community interest balance.
Media Presence and Following

Is the ICO well planned in terms of time, phases and scenarios?

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

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