REMECHAIN CREATES A DECENTRALIZED EXCHANGE FOR THE PURCHASE AND SALE OF SCRAP METAL BASED ON BLOCKADE.

The project ReMeChain is launched - a multi functional exchange for trading in secondary metals based on smart contracts. This is the first of its kind platform, which creates a single space for sellers and buyers of secondary metals.

At the moment the project is at the stage of public collection of investments - pre ICO. This stage will last from November 9 to November 23, 2017. Investors will be able to purchase 600 thousand RMC tokens.

The main campaign for the sale of tokens will take place from January 25 to February 25, 2017, at this stage 6 million RMC will be transferred to private investors.

WHY REMECHAIN APPEARED

• The market of metal scrap today has hundreds of thousands of participants around the world who are experiencing the same problems in their nature:
• It is difficult to find a buyer or a seller. As a result, it is difficult for businesses to scale and grow.
• It is impossible to quickly check the reputation or confirm its truthfulness. As a result, the search for the optimal counter party is delayed
• There are no uniform standards for scrap quality assessment. As a result, decision-making on deals is delayed, forcing the parties to conduct numerous reconciliations and inspections, incur additional losses.
• There are a large number of scammers on the market who can deliver a substandard product or even escape after receiving a prepayment. As a result, companies suffer losses, and the reputation of unscrupulous sellers does not lend themselves to public disclosure among other participants, which leads to repeated fraud.
• For small and medium-sized businesses, access to the world market is difficult. As a result, a large share of the market belongs to large companies that manipulate prices and "stifle" competition.

To solve these problems and ensure fair market conditions, the system of smart contracts will be used. The exchange is scaled to most international markets.

PROJECT IMPLEMENTATION

The alpha version of the project will be launched in the first quarter of 2018. The community will be able to assess the capabilities of the service, give feedback to the creators.

The first deals will be held among Russian companies in the secondary metals market. ReMeChain will also develop in Turkey and Germany. During the beta testing, tax and legal standards for world trade will be integrated.

In the second half of 2018, the exchange will begin to operate in full functionality mode and enter the Chinese market. To date, it is the largest importer of metal scrap in the world. The projected turnover on the ReMeChain site at the end of 2018 will be $ 268 million.

With the expansion of the range of traded goods and the increase in the number of participants around the world by 2020, ReMeChain forecasts an annual turnover growth of up to $ 1 billion.

EXPERT OPINION AND FORECASTS

"The decisions that the new block-project will bring to the participants will form a field of standards that will be adopted at the international level. The market has long needed to standardize the methods of valuation and conclusion of transactions. Then, small and medium-sized sites will be able to negotiate directly without intermediaries, and scammers will be much less "- commented Yakimov Vitaly Vitalyevich - director of the site for the reception and processing of scrap.

The introduction of ReMeChain will lead to the formation of sustainable trade ties between representatives of different states. It will make it possible to enter the world market for small and medium-sized businesses, provide fair conditions for conducting scrap purchase and sale transactions.

https://remechain.io/
https://remechain.io/Whitepaper_eng.pdf