The rise of the cryptocurrency market made many investors rich. Because of this, many new investors are constantly trying to follow them and make investments that will make them rich. Unfortunately, it is hard to find such miraculous investments. The best thing that you can do is to try to invest as well as you can to obtain a big amount of profits.
Our blog can help you when you need to know how to invest well. We provide you with reviews and analysis to aid you in your mission to become a better investor. Today, we are going to review a company called Sintec.
What Is Sintec?
Sintec is a Russian high-tech industrial company that is offering an Initial Coin Offering (ICO). The company is offering a cryptocurrency based on real assets: the products that are produced by the company in its factories.
The company works developing a product called polymer bituminous binder (PBB), which is a special kind of rubber made of petrol and which has a high demand on the market right now. This material is used for road building, cable production, waterproofing, roof building materials, among other things.
How Does Sintec Work?
The company manufactures PBB and it is launching an ICO. The ICO will create a token that will be used to help in the development of the company (100% of the money will be used to create more PBB) and the investors will have their tokens in exchange for the investment.
The company describes its own ICO as a “unique blockchain option”, but it is not especially clear how blockchain technology is actually useful for the company. They do not offer any real blockchain service, only a token that works in a similar way as a company share would.
The biggest concern is that Sintec’s tokens are not useful at all for anything else than either buying PBB or acting as a share of the company. The company could easily sell shares to investors and it would basically have the same effect, as blockchain technology is not really used at all.
This is one more of the many recent cases of companies adding “blockchain” to their company’s description to raise its price in the market and find investors.
How To Invest Using Sintec?
If you are willing to buy the SINT tokens from this company, you will have to do during the ICO. The ICO is starting right now and it will last until January. You can buy each token for $5 USD, but there are discounts, so you will be able to purchase them from $2.50 to $4 USD.
If you buy SINT tokens during the first days of the ICO, you will be able to receive 50% of discount, but way less discount if you take your time, so be sure to buy them soon if you are really interested in this company.
The company will buy back the tokens during March 2019, so you will be able to sell them at a higher price if you sell them or you can keep them and get dividends every year.
Is this the right investment for you? It is really hard to tell precisely. You have to perceive that this is not really a blockchain company, but an industrial company creating a token that will be like a share of the company. Does this interest you?
The company already exists and the investment is less risky than investing in one of many start-ups with revolutionary ideas that you see every day, so yes, it can definitely be a good investment that might offer you an interesting opportunity to receive a nice return on investment, but there is also a very specific risk involved in buying a token that is almost useless as a real cryptocurrency.
You have to remember that not all countries accept ICOs as something legal, so there is the chance that this investment might not be so good. In the end, it is up to you to decide if you like this ICO or not. Good luck.