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SR Project’s Global Patent is Shifting Paradigm in Cryptocurrency World

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Today, Cryptocurrency industry has created $230 billion global markets for millions of enthusiasts and participants around the world. Despite the large market size and participants involved, cryptocurrency market is often categorized as ‘difficult to evaluate or understand’ and has not realized its full potential due to its legal uncertainties in number of countries and questions raised around underlying business value. Through basing its value on innovative patents, SR Project is proposing ‘intellectual property based token’ to the cryptocurrency industry.

SR Project (Symbol: SRCOIN; Crypto Exchanges: CoinBene, HotBit, Coinis, and Bitnaru) is a health data project that builds blockchain powered health database collecting and sharing platform for luxury massage chairs. In September 2018, SR Project has applied for the global patent in the US and other countries around the world. By introducing a business model backed by a global patent that has qualitative legal status as well as quantitative financial value, SR Project distinguishes itself from other blockchain projects with no clear business model and positions itself as a key player in the multi-billion dollar luxury massage chair and health data industries. There are approximately 6,000 massage chairs models from over 500 massage chair manufacturers worldwide, and the market size is expected to exceed $2.5 billion in 2018 with an annualized growth rate of 6%.

Most massage chairs on the market today only provide limited pre-set movement combination. Unlike its competitors, SR Project’s massage chair will provide human-like massage customized to individuals’ body shape and focus on the uncomfortable parts of the body. SR patents include 1) an advanced A.I. system that defines the process in which massage chair gathers numerous biometric data and use this collected information to customize and personalize massage sessions for each user, 2) blockchained health databases leveraging a large amount of health data collected from all massage chairs under SR patent worldwide, and 3) a database distribution system that provides immense amount of health data collected from the massage chairs to various medical institutions, government agencies, insurance companies, and pharmaceutical companies for medical research and advancement.


With the patent, SR Project will not only build its own luxury massage chairs but also help other manufacturers build these next-generation massage chairs leveraging the same technology. In practice, other massage chair manufacturers will need patent license agreements with SR Project, under which, manufacturers are required to pay the license fee in SRCOIN tokens and use SR’s platform to transmit and collect biometric data from the massage chairs. With $5,000 as an average selling price of a luxury massage chair, SR Project is expected to generate $300 million of license revenue annually and a gross revenue of $7.5 billion over next 25 years during its patent life.

In the uncertain cryptocurrency world, SR Project’s new intellectual property based business model demonstrates a unique solution to solve uncertainties that cryptocurrency industry. It is exciting to see projects like SR Project that finds a creative solution in the ever-evolving cryptocurrency industry.

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Bitcoin Cash Price Gets Skewed due to Exchange Trickery

A lot of confusing action is taking place where the Bitcoin Cash price is concerned. Although its actual decline in value is quite obvious for everyone to see, the real price of BCH is not necessarily what people can see on Coinmarketcap. This is primarily because numerous exchanges treat BCHABC as Bitcoin Cash already despite nothing being decided in terms of which chain will be the longest. Bitcoin Cash Value Fluctuates Heavily Depending on where traders look at, the price of Bitcoin Cash will be either close to the $400 level or down to $250-ish. That is quite a large gap between prices, yet one that is also very easy to explain. Bitcoin Cash, as people knew it before the fork, no longer exists. Most professional exchanges have also retired this price ticker, for the time being. As the hash war rages on, there are still a lot of unknown factors waiting to be addressed. Despite this ongoing kerfuffle, there is a net 5.76% decrease in the Bitcoin Cash price, and a 5.4% decline over Bitcoin. More specifically, that is what CoinMarketCap reports at this time, although this is not necessarily the case whatsoever. In fact, some exchanges are clearly jumping the gun by labeling BCHABC as BCH and thus dragging the Bitcoin Cash price down a bit more. Exchanges currently engaging in this activity include Bittrex and Coinex, neither of which plays a big role of importance when it comes to trading. However, based on the current value of BCH on Bitfinex and Gate.io, it seems a similar incident is taking place. One also has to keep in mind Bitcoin Cash was getting battered ahead of the network split as well. Most exchanges have halted trading of BCH indefinitely, primarily because the currency no longer exists. It is evident either BCHABC or BCHSV will take over that name in the future, but nothing has been decided at this point. As such, any trading referring to just “Bitcoin Cash” or “BCH” should be avoided, as most users can never be sure which currency is effectively being traded under this name. All of this skews the picture pertaining to Bitcoin Cash altogether. Coinmarketcap reports there is still $392m in trading volume for BCH, even though that is virtually impossible right now. With so many exchanges freezing deposits and withdrawals, it is evident actual BCH trading is no longer possible whatsoever. Virtually all platforms have deposits of BCHSV and BCHABC frozen as well, which only makes this market trend more confusing. It is safe to say the entire network split has been a bit of a mess first and foremost. In the case of Bitcoin Cash itself, that name will – under the current circumstances- not be used across exchanges for much longer. Instead, the two separate camps need to be treated as such first and foremost. Until things settle down – with might not necessarily happen anytime soon – the Bitcoin Cash price itself is pretty much irrelevant for most traders and speculators. Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency. The post Bitcoin Cash Price Gets Skewed due to Exchange Trickery appeared first on NullTX.

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