There are many opportunities for those willing to invest in the cryptocurrency market. Some companies are using Initial Coin Offerings (ICOs) as a way to get funding for their practices, which can be a profitable way to start a company. Today we will review one of these companies called Synthestech.
What is Synthestech?
Synthestech STT is a Swiss start-up company which will work with the synthesis of precious types of metals. The company will use a chemical process called “cold transmutation” to transform chemical elements into another type of chemical elements. You might be thinking that what this company promises to look a lot like alchemy. You are not wrong.
The idea of Synthestech is essentially the same of the alchemists of the past: to create precious metals by transmuting them. During this article, we will explain the arguments of the company about the cold transmutation process. As we do not have access to Synthestech’s research and we are not experts in chemistry, we remain wary of this company, but you’ll have the information to decide for yourself.
The company states that the ability of the cold transmutation will enable its users to obtain elements like gold and platinum using cheap raw materials. This technology was discovered “in the recent decades”, although we could not find almost any information about it online.
The creator of the company is Vladislav Karabanov. He is a real person and there is news of him attending to congresses and about Synthestech existing, so you can be sure that this company is not a scam (or, at least, it exists).
We have also found weird information about Vladislav Karabanov. A person also called Vladislav Karabanov has appeared on RT, a Russian TV network, claiming to have seen UFOs. He looks a lot like the pictures on the Synthestech sites, so we say it is probably the same person. Also, there is news about his company in a UFO’s site. Yeah, he seems to be a sketchy character.
How Does Synthestech Coin Work?
To simplify the explanations, the process of transmuting metals includes a low energy nuclear reaction (LENR). The precious metals are obtained via a chemical reaction that modifies their isotopic composition. The idea is a that the thermal nuclear fusion makes the elements change their most fundamental properties and turn into something else.
The company states that this market will be a market of more than $12-15 billion USD in the future. This is why it is using an Initial Coin Offering (ICO) to fund the research to turn this idea into a reality.
How to Invest in Synthestech's STT Token ICO?
To invest in Synthestech you will have to buy tokens during the company Initial Coin Offering (ICO). In the ICO, you will buy STT tokens. The price is 1 STT token per 1 USD. There will be two sales, the pre-ICO and the main sale. The hard cap of STT tokens will be 18,000,000 STT tokens.
If you buy during the pre-sale, you will be able to get a bonus of 25% ( 1.25 STT token per 1 USD). There will be other bonuses released on Synthestech’s site in the future. You will only be able to use ETH to buy STT tokens.
At the moment the site does not list a certain date for pre-ICO and the main ICO yet. Synthestech expects profits to start during 2020. The token holders will receive dividends for holding tokens.
The Synthestech ICO Verdict
Is Synthestech STT a scam or a good investment? Unfortunately, we are not sure. While it could be true, there is no information to prove that it actually is and alchemy is one of the oldest legends of humanity. Is this “cold transmutation” a lie? Probably, but we cannot affirm that it is.
In the case that you are still interested, you can always do your own research or look for an expert in this field before you invest. This is highly recommended if you are interested in such a risky investment.
If you want to invest in this company, we urge you not to. Unless you really have strong reasons to believe that this cold transmutation process is actually true, chances are that you are being fooled or that you are believing in a madman. We have many other investments on our blog, so why don’t you try to browse and find another one?