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About Sancoj(SANC)

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What problem does Sancoj solve? (or: what human need does it satisfy?) and how exactly does it do so?

(1)Sancoj uses its simple interface, powered by an advanced synchronization algorithm to bring most of your internet needs in one place: you can chat, buy businesses, franchise, lend money, get fund, etc and socialize. With Sancoj, you are secured, you spend less time and energy to get the most important things done and this increases your productivity level.

(2) Sancoj offers zero cost transaction. Meaning that if you do a job through Sancoj and get paid, you keep 100% of the proceeds. We do not take any commission unless you advertise or engage in special a request.

(3) Sancoj is built on the powerful Ethereum Blockchain which runs with no central governance, thereby putting power in the hands of the users. Any agreement reached on Sancoj by users, is backed and executed through the immutable Ethereum smart contracts. Payments are transferred peer-to-peer and not by admin or Sancoj's account department. This means that once a user makes an intended payment order, its goes directly from sender's wallet to receiver's wallet, securely and instantly.

(4) The Sancoj platform utilizes the power of its escrow system in reducing fraud. Users can ask business partners to put money on escrow, pending the fulfillment of their agreement. Once agreed conditions are fulfilled, the user releases funds. This protects both parties.

(5) Sancoj provides an advance arbitration module and qualified legal personnel to handle negotiations, discord or disagreement resolutions if users fail to sort their issues through a dialogue.

(6) Sancoj allows it's advanced Artificial Intelligence Agent (Zingo) to think for users, analyze mental, physical, social and environmental capabilities of the user, suggest opportunities and predicts the user's success rate par the suggested opportunity.

(7) Sancoj makes it simple. Zingo analyses the financial needs of a user, seeks a solution by helping the user to find a solution. Zingo suggest funders, informs funders, persuades funders, negotiates payback strategies with funders and secures fund if approved for the user.

(8) The Sancoj project will make use of a debit card. Sancoj's debit card will allow users spend their SANC token on POS, ATM and online platforms around the world. Due to the daily transaction limit associated with debit cards, Sancoj intends to add an advanced module for international bulk fund settlements powered by a licensed financial group with operations in most parts of the world. This will allow users with big amounts to access their funds in bulk without restrictions or liquidity limits

(9) Our project monitoring module allows opportunity owners to authorize the public to monitor projects on their behalf and report accordingly. Example: A road construction project can be monitored by individuals around the construction area. The individual can take real time pictures and videos of completed or ongoing work and post them on the Sancoj platform. This will reduce bribery of the supposed monitoring team and the reporting of fake job status.

(10) Since all opportunity types can utilize the bidding tools, the competitiveness amongst opportunity seekers will increase. Example: if user a wants to lend his token for 20% interest rate, seeing another funder willing to give at 15% will make him recheck his strategies.

How is the idea monetized? How do the token holders profit?

SANC has unlimited use. SANC is the only currency that would be used on the sancoj platform.

Here you can write any other relevant description of Sancoj if needed

WHY THIS PROJECT ?

We realized that:

1. Lack of opportunity: Many people do not have opportunities to do the things that will make them succeed in life. In most countries, people tend to struggle, if they are not born with silver spoons.

Example; There is a market in Lagos called Alaba International Market. It is the biggest electronics market in West Africa. Once you visit the market, you will be greeted by many people who will be asking you what you need.

Do you know that 80% of those people in Alaba, do not have a single product or shop of their own? They sell for product and shop owners for tiny amount which may not even cover their fare, back home. It will take them so many years to save up those tiny fees as capital to start their own businesses because they will need shops, products, power supply, etc. This problem is present in most countries.

What if these people have the opportunity to use their tiny money to get products and sell them, without worrying about shop, power, etc? They can sell without paying commission to the platform. They will also be exempted from bank (payment transfer) charges through PEER TO PEER transfers.

2. Lack of fund: Some people that know what to do, do not have fund to execute those BIG PICTURE ideas. When they go to banks for a loan, they will be told; “go and bring document of a house at Banana Island, as collateral”. Seriously? Someone looking for business capital has a house in Banana Island? What an irony of life?

The Sancoj platform offers opportunities to get fund from other users without collateral, at competitive rates (if any).

3. Under Utilization of Self Capacity: More others, under-utilize their brain capacity. They do not know how to think OUTSIDE THE BOX. They rely on just the things within their immediate environment. They think; “I read computer science. Let me find computer related job”. They go round seeking the limited computer job, without noticing the opportunities their environment, religion, culture, parents’ occupation, upbringing, associations, etc can bring them. As humans, we limit ourselves to our area of training and exposure and this has caused so much failure, hunger and underdevelopment.

This is where ZINGO comes in. Since ZINGO thinks higher and faster than most human brains, it analyzes user information and suggests areas where user can be hugely successful, gives user opportunities in that direction, sort out needed fund and monitor user all the way.

4. Lack of Jobs: Unemployment rate is too high, worldwide. Jobs are not enough for applicants. Sancoj offers opportunities for people to get trained, network and start their own businesses. This has serious positive multiplier effect since one new business can hire 3 people in average per year, formally or informally.

So, if 1million people start their own business on Sancoj, they can hire 3million people which makes it 4million jobs created. How many people do you think can depend on each of them financially? Directly and indirectly, we can get average of 5 each. 5 x 4million will give us 20 million. Plus the main job owners (4million), it means that 24million people can be removed from hunger per year through Sancoj.

On your own, calculate how many people can be saved from hunger if Sancoj’s users get to 5 million, 10 million, etc.

5. Bankruptcy: On daily basis, businesses close up as a result of high cost of business operation and low revenue. On Sancoj, businesses can cut off middlemen and get materials straight from manufacturers or direct agents. They can also get cheap labor with flexible time and operating system. A London based business can hire someone in Belgium to just work 2 hours per day.

That saves money, cost of office, etc and still gives flexibility and international touch to the business. Businesses will pay for only the things they use.

The lists are enormous

Team

Sancoj's team members.

Ngozi Emeh-Festus

Ngozi Emeh-Festus

CEO

Linkedin
NAMADI MU'AWIYAH

NAMADI MU'AWIYAH

Full Stack Developer

Linkedin
ADEWALE OLAGUNJU

ADEWALE OLAGUNJU

User Experience Designer

Linkedin

Roadmap


 
January 2011 Idea conception
February 2014 Application Development as Centralized Platform (WorkXtra)
March 2014 - December 2015 Running business as Centralized Platform
January 2017 - April 2017 Research to implement as decentralized application
May 2017 - July 2017 Early Research and test modeling for AI agent Zingo
August 2017 - March 2018 Decentralized Application Development
April 1, 2018 Open Alpha Version of Sancoj to be released.
April 16 -23, 2018 PRE-ICO
April 1 - 30, 2018 Open Alpha Version testing and Debugging
May 1 to 30, 2018 ICO
May 5, 2018 Beta Version of Sancoj to be released
May 5 to 20, 2018 Public Testing and Debugging
July 2018 Launch of Sancoj Web Application
July 18, 2018 Sancoj Tokens Eenters at least 2 exchanges
August 2, 2018 Launch of Sancoj Android App
August 17, 2018 Launch of Sancoj IOS App
September 2018 Addition of Advertisment Module
September 2018 Sancoj Token on 3 more exchanges
November 2018 Addition of the bulk liquidity module
December 2018 Launch of Zingo A.I. agent
January 2019 Lauch of Sancoj Debit Card
February 2019 First Shipment of Sancoj Debit Cards
March 2019 Government Level Partnership Acquisition
March 2019 Addition of Government /Contractor Profiling Module
June 2019 SANCOJ Token (sanc) to enter at least 3 more exchanges
Read More Read Less

Quick notes

Tokenomics

Token Info

Price: WEEK 1(1 ETH = 850,000 SANC), WEEK 2(1 ETH = 700,000), WEEK 3( 1 ETH = 600,000 SANC) WEEK 4(1 ETH = 530,000 SANC) Soft Cap: 500 ETH Hard Cap: 70,000 ETH Buy with: ETH Platform: Ethereum Location: NIGERIA Restricted: US AND CHINA

Other Info

MVP/Prototype: No Escrow: No Category: Internet of Things

User ratings

Rate the Profit Potential

What problem does Sancoj solve? (or: what human need does it satisfy?) and how exactly does it do so?

(1)Sancoj uses its simple interface, powered by an advanced synchronization algorithm to bring most of your internet needs in one place: you can chat, buy businesses, franchise, lend money, get fund, etc and socialize. With Sancoj, you are secured, you spend less time and energy to get the most important things done and this increases your productivity level.

(2) Sancoj offers zero cost transaction. Meaning that if you do a job through Sancoj and get paid, you keep 100% of the proceeds. We do not take any commission unless you advertise or engage in special a request.

(3) Sancoj is built on the powerful Ethereum Blockchain which runs with no central governance, thereby putting power in the hands of the users. Any agreement reached on Sancoj by users, is backed and executed through the immutable Ethereum smart contracts. Payments are transferred peer-to-peer and not by admin or Sancoj's account department. This means that once a user makes an intended payment order, its goes directly from sender's wallet to receiver's wallet, securely and instantly.

(4) The Sancoj platform utilizes the power of its escrow system in reducing fraud. Users can ask business partners to put money on escrow, pending the fulfillment of their agreement. Once agreed conditions are fulfilled, the user releases funds. This protects both parties.

(5) Sancoj provides an advance arbitration module and qualified legal personnel to handle negotiations, discord or disagreement resolutions if users fail to sort their issues through a dialogue.

(6) Sancoj allows it's advanced Artificial Intelligence Agent (Zingo) to think for users, analyze mental, physical, social and environmental capabilities of the user, suggest opportunities and predicts the user's success rate par the suggested opportunity.

(7) Sancoj makes it simple. Zingo analyses the financial needs of a user, seeks a solution by helping the user to find a solution. Zingo suggest funders, informs funders, persuades funders, negotiates payback strategies with funders and secures fund if approved for the user.

(8) The Sancoj project will make use of a debit card. Sancoj's debit card will allow users spend their SANC token on POS, ATM and online platforms around the world. Due to the daily transaction limit associated with debit cards, Sancoj intends to add an advanced module for international bulk fund settlements powered by a licensed financial group with operations in most parts of the world. This will allow users with big amounts to access their funds in bulk without restrictions or liquidity limits

(9) Our project monitoring module allows opportunity owners to authorize the public to monitor projects on their behalf and report accordingly. Example: A road construction project can be monitored by individuals around the construction area. The individual can take real time pictures and videos of completed or ongoing work and post them on the Sancoj platform. This will reduce bribery of the supposed monitoring team and the reporting of fake job status.

(10) Since all opportunity types can utilize the bidding tools, the competitiveness amongst opportunity seekers will increase. Example: if user a wants to lend his token for 20% interest rate, seeing another funder willing to give at 15% will make him recheck his strategies.

How is the idea monetized? How do the token holders profit?

SANC has unlimited use. SANC is the only currency that would be used on the sancoj platform.

Here you can write any other relevant description of Sancoj if needed

WHY THIS PROJECT ?

We realized that:

1. Lack of opportunity: Many people do not have opportunities to do the things that will make them succeed in life. In most countries, people tend to struggle, if they are not born with silver spoons.

Example; There is a market in Lagos called Alaba International Market. It is the biggest electronics market in West Africa. Once you visit the market, you will be greeted by many people who will be asking you what you need.

Do you know that 80% of those people in Alaba, do not have a single product or shop of their own? They sell for product and shop owners for tiny amount which may not even cover their fare, back home. It will take them so many years to save up those tiny fees as capital to start their own businesses because they will need shops, products, power supply, etc. This problem is present in most countries.

What if these people have the opportunity to use their tiny money to get products and sell them, without worrying about shop, power, etc? They can sell without paying commission to the platform. They will also be exempted from bank (payment transfer) charges through PEER TO PEER transfers.

2. Lack of fund: Some people that know what to do, do not have fund to execute those BIG PICTURE ideas. When they go to banks for a loan, they will be told; “go and bring document of a house at Banana Island, as collateral”. Seriously? Someone looking for business capital has a house in Banana Island? What an irony of life?

The Sancoj platform offers opportunities to get fund from other users without collateral, at competitive rates (if any).

3. Under Utilization of Self Capacity: More others, under-utilize their brain capacity. They do not know how to think OUTSIDE THE BOX. They rely on just the things within their immediate environment. They think; “I read computer science. Let me find computer related job”. They go round seeking the limited computer job, without noticing the opportunities their environment, religion, culture, parents’ occupation, upbringing, associations, etc can bring them. As humans, we limit ourselves to our area of training and exposure and this has caused so much failure, hunger and underdevelopment.

This is where ZINGO comes in. Since ZINGO thinks higher and faster than most human brains, it analyzes user information and suggests areas where user can be hugely successful, gives user opportunities in that direction, sort out needed fund and monitor user all the way.

4. Lack of Jobs: Unemployment rate is too high, worldwide. Jobs are not enough for applicants. Sancoj offers opportunities for people to get trained, network and start their own businesses. This has serious positive multiplier effect since one new business can hire 3 people in average per year, formally or informally.

So, if 1million people start their own business on Sancoj, they can hire 3million people which makes it 4million jobs created. How many people do you think can depend on each of them financially? Directly and indirectly, we can get average of 5 each. 5 x 4million will give us 20 million. Plus the main job owners (4million), it means that 24million people can be removed from hunger per year through Sancoj.

On your own, calculate how many people can be saved from hunger if Sancoj’s users get to 5 million, 10 million, etc.

5. Bankruptcy: On daily basis, businesses close up as a result of high cost of business operation and low revenue. On Sancoj, businesses can cut off middlemen and get materials straight from manufacturers or direct agents. They can also get cheap labor with flexible time and operating system. A London based business can hire someone in Belgium to just work 2 hours per day.

That saves money, cost of office, etc and still gives flexibility and international touch to the business. Businesses will pay for only the things they use.

The lists are enormous

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