The most innovative brewery in Russia runs through the ICO

Satoshi Brewery is the first project of its kind. It’s team intend to create the most high-tech craft brewery in Russia. The factory will be located in a big city in the northwest of the country – Murmansk. The brewery will be the largest regional craft beer production in Russia.

According to the business plan in 18 months after the factory’s start-up the volume of production will be more than 8.5 million liters of beer per year. The clear profit will be 13 million US dollars. The beer of Satoshi Brewery will be sold not only in Russia but also abroad, first in the Scandinavian countries: Finland, Sweden, and Norway.

It is logical for a modern project that funds for it will be collected in a modern way – through ICO. Crowd sale starts on the November, 27th. The hard cap of the project is 7.2 million US dollars.

“We decided to went through the ICO, because this way we raise funds but stay independent company. Our investors will receive dividends from our work. Their contributions will be protected by the technology of blockchain on Ethereum, but we will not depend on them in business decisions,” – says the founder of the project businessman Andrey Leshchenko.   

Now the company conducts pre-ICO. It will last until November 20, soft cap is $200,000. At the moment project already has collected $20,000. More than 100 investors decided to support Satoshi Brewery. Now Satoshi Brewery’s tokens Satoshi Brewery Limited (SBL) are sold at a special presale price – one token equals to $0.67. Final cost of SBL token at the end of ICO will be $1.2.

In total 10 000 000 SBL will be released. 7 500 000 SBL are going to be distributed during the crowd sale.

69% of the collected funds will go to purchase of brewing equipment, 16% for the repairs and refurbishment of the brewery, 7% for commissioning works, 5% for the initial raw material base, and 3% for initial marketing costs.

The purchase of SBL tokens and the dividends payment to investors will be quarterly from October 2018. 35% of profit will go to dividends, 55% to buy tokens and 10% to reinvest.

The market value of the SBL token will depends on the company’s result in the real sector of the economy and will less rely on crypto currency market.

The Satoshi Brewery project was first presented in October 2017 on the Bitcointalk forum. After a successful presentation, the project team grew stronger in its desire to go out on the crowd sale. Satoshi Brewery team is already planning the next stage of the project development. After launch of the brewery factory they will go deeper and build an entire infrastructure – a network of breweries and craft shops around the world where it will be possible to buy beer for crypto currency.

Find all detail of the project on their official website: http://ift.tt/2Aw6Zri

The post The most innovative brewery in Russia runs through the ICO appeared first on Bitcoin Garden.

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