Introduction
Blockchain is a decentralized general ledger. It is a computer network that has an identical copy of the database and changes its status (records) to a common agreement based on pure mathematics. All this means that there is no need for any central server or any entity we trust (e.g. central bank, notaries, banks, Paypal, etc.). The blockchain is the technological basis for all cryptocurrencies, whether Bitcoin, Ethereum, Hyperledger, etc.
An important part of the blockchain is the smart contracts, a piece of code that is stored in the blockchain network (in each participant's database). It basically defines the conditions to which all parties using the contract agreement. Therefore, if the required conditions are met, certain actions are executed. Because the smart contract is stored on all computers on the network, everyone must run it and get the same result. This way users can be sure that the result is correct.
Blockchain and Smart Contracts open many doors to new decentralized businesses and eliminates the need for expensive third parties. Many new companies are now working on this technology, and large companies are testing it in closed networks to collaborate directly with each other without the need for intermediaries.
For that reason, there is a lot of projects that are starting to use this new technology. However, not all of them are worth it. We have to read well what each project is dedicated to, what is its whitepaper, its qualified advisors, etc. As I said, blockchain technology has gained popularity due to the hype about cryptocurrencies which has shaken many startups to launch their own cryptocurrencies even without convincing fundamentals. This trend has emerged because new entrants have been more agile in adopting emerging technologies compared to incumbents who are hampered by legacy systems. However, this competitiveness and this advantage enjoyed by the new players may be short-lived, as no economies of scale are taken into account.
Moving to the topic, the project I'm going to present you is SevenPlus Coin (https://7pluscoin.com/), an industry-level public blockchain that will revolutionize textile industry.
Definition
In more detail, SevenPlus Coin will be the token implemented for Penn Asia. Penn Asia is a subsidiary of the Yeh Group company that responds with the integration of blockchain in the supply chain process of its COVID-19 medical textile materials such as masks, gloves, etc. Yeh Group is developing a digital asset called 7PLUS COIN (SV7 COIN), which will serve as a utility token to facilitate transactions and tracking of COVID-19 medical textile products.
the main mission is to be the most reliable textile company in providing new innovations, meeting delivery deadlines, the highest quality standards and a competitive price, and the use of blockchain technology to be more transparent and reliable.
Tokenomics
SevenPlus coin (SV7 coin) will be a utility token to facilitate the transaction, payment and monitoring of all textile materials to medical clothing. The token is designed to improve the management of the healthcare supply chain and the healthcare process of monitoring of all kinds of brand sports clothing, underwear and, especially, of textile items for medical use, such as masks, hand gloves, ppe coats, temperature control blankets for newborns, etc.
Benefits
For the companies:
Traceability of brand sports clothing, underwear and medical textile through blockchain technology, and creativity in the design and innovation of medical textile, sports clothing and underwear. Under our own 7plus brand, this will lead to the acquisition of new customers and several high-income channels.
For clients:
Bounty program
The project gives the opportunity to earn 7plus tokens performing some social media tasks and doing simple steps from the bounty program explained into the following Bitcointalk Thread here (BTT_Thread_7pluscoin), where you can access the link in order to see what are the conditions to become an early 7plus contributor and start acquiring tokens.
For more information about the project, you can visit and read their WhitePaper available here (7pluscoin_WP). You can also stay tuned in their official Telegram Channel (https://t.me/English7plus). I hope you liked the post and soon I'll send you new ones.
Token Allocation and Distribution
Roadmap
2021 | JANUARY
Presentation and launch of the 7PLUS brand to the national and international market. Authentic token and native L2L token based on the development of the economic model in ERC2
2021 | FEBRUARY
Official announcement of the project. Publication of the white paper and multiple social media platforms. Opening to the public for pre-sale, private sale and soft cap through IEO in Bitenium exchang
2021 | Q3
7PLUS is open to the public through points of sale and electronic commerce. Start and offer of hard cap and distribution of 7PLUSCOIN to investors.
2021 | Q4
Listed on Coinmarketcap.com. 7PLUSCOIN open to the public on the Bitenium exchange. Develop supply chain software for our Drydye and more international 7PLUS medical textile and retail.
2022 | Q1
Road show and presentation of the team of experts behind 7PLUS Show the new solution and the benefits of sportswear, underwear and medical textiles with Drydye technology.
2022-2023 | Q1-Q3
Buy back and burn 20% of 7PLUSCOIN. The total buyback will be 40%. The remaining tokens will circulate on the currency market.
Partners
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