Successful start of the Sandcoin project. The ICO launch is scheduled for September 18. According to information from the company’s official site sandcoin.io, at the stage of pre-ICO the company managed to collect more than 1500 Ethereum. Sandcoin is a blockchain-option, reinforced by real commodity of construction sand cubic meters. One sandcoin (SND) is equal to one cubic meter of sand. The sand quarry is located 60 kilometers from Moscow and 10 kilometers from the construction of Central Ring Road interchange. Moscow and the region has a constant demand for non-metallic materials, therefore in the two-year perspective it is planned to launch a second quarry for the sand extraction. At the crowdsdale stage, the price of the sandcoin will be around $1.25-1.35. The market price of one cubic meter of construction sand is around $5 and it is expected that by the beginning of quarrying the token price will align with the sand market price. The total number of tokens offered on the ICO is 3 170 000 SND.
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