SNP
(Stable and Profit) has been launched to link profitability to the
real economy through transparent Ethereum-based virtual money
transactions and return profits to investors.
SNP grafted smart contract functions of Ethereum onto distribution
industry. It was developed to convert channels for the distribution of
food ingredients from producers to consumers into a sustainable future
business.
It discovers profitable businesses which can combine the real economy
with blockchain (Ethereum smart contract functions) and manages their
entire processes transparently until they make a profit.
SNP has applied for a patent on its service system which provides
virtual currency based on crypto assets, nature-friendly green
resources, the real economy, distribution, and trade. This is a system
to combine crypto assets and the real economy to realize and distribute
profits. It is a platform to optimize profits coming from the
distribution and trade of agro-fishery and livestock products to ensure
stable and fixed return on investment.
SNP has found investment in poultry farms profitable. Market prices of
agricultural, marine and livestock products fluctuate as their supply
quantities change depending on the time of year. Blockchain, if applied
to these products, can adjust their production quantities, making it
possible to respond flexibly to their market price fluctuation. Also, it
will become possible to trace the origin of each livestock product and
make it easier to manage its records.
“The goal of SNP is to innovate distribution networks by means of
blockchain technology and maximize their profits,” SNP CEO Park Sung-kyu
said, “We will create a safe investment link by specifying clear
criteria for judgment on whether the investment meets safety which is
its most important yardstick. We plan to return profits like stock
dividends to investors who purchase SNP coins, and at the same time try
to take full advantage of ICO and STO to offer fair and safe ways to
make investments.”
View source version on businesswire.com: https://www.businesswire.com/news/home/20190513005367/en/