Aiming to improve the global supply chain through blockchain technology, the StreamPay project will be making its utility token available for sale on its platform.
StreamPay says it wants to improve all aspects of the supply chain including quality assurance, logistics, transportation and inventory with the use of its enterprise goods technology that uses payment tracking and blockchain technology to manage smart contracts.
The platform has been built to secure smart contracts and keep distributed ledgers to create articles which can be used in smart contracts. Customers are able to track their goods from the start of the supply chain to the finished product, using QR codes. According to the StreamPay website, there are already lots of users issuing audits and monitoring their supply chains.
In terms of development, there has been progress with certain tools and features already established, as outlined in the StreamPay whitepaper. These developments include: the ability to monitor supplier performance, information can be integrated from disparate legacy systems and a reduced response time for risk-related incidents.
In addition to the crowdsale, StreamPay is also facilitiating an Affiliate Program where anyone with a YouTube channel, social media account or blog can take part. There is a 4 – 10 % reward in the form of STPY tokens, from each purchase that is made via an affiliate link.
The end of the pre-sale is scheduled for August 31st, immediately preceding the start of the main token sale which will begin on September 1st with 50,000,000 STPY tokens distributed. The last day of the token sale will be January 31st.
1 STPY token is equal to $1.00 USD and Ethereum will be accepted as payment. The soft cap for the sale will be $100,000 USD and there will be hardcap of $50,000,000 USD. Funds raised in the sale are planned to go to the completion of smart contracts and a mobile wallet. Interested participants can sign up at www.streampay.io