Papusha Rocket Technology

Papusha Rocket Technology
ICO date: 25.07.2018 - 25.09.2018
Industry: Fuel
Description:

Papusha Rocket Technology is a startup in fuel production industry, lead by Russian experts in rocket science. It’s product allows recycling oil waste from a refinery to create gasoline, kerosene or synthetic oil.

How it works:

Anatoly Papusha, a Russian scientist, the man who was developing Soviet space program in the 1980s, came up with technology to produce fuel from oil residue and patented it. The technology uses transonic combustion and works off of material that would have been otherwise dumped into nearby bodies of water or soil.

This waste can arguably lead to a global ecology crisis, if not countered. Papusha Rocket Technology taps into a system of green projects that contribute to solving this problem. However, their solution, despite how pricy it may be, can become a very big factor in the game, as it allows refineries to earn a profit on what they now consider trash.

There are analogous inventions, but they are incredibly expensive, like tens of millions of dollars. They have low efficiency and therefore take longer to start bringing revenue. PRT unit costs from $950,000 to $2.5 mio to install, depending on how many tons of residue it can process a day. It is so efficient, its payback period starts after a year of operation, given enough material is processed.

PRT recycling unit is rather small, in comparison with similar machinery, so it can be easily installed in a refinery or moved to another location. The way it works is it processes the waste with high temperatures and high speed to decompose it and synthesise fuel, water vapor and carbon dioxide. Way safer than dumping it in the soil.

Innovation:

The patent of Papusha Rocket Technology brings immense benefits to businesses and to ecology alike. Their technology outperforms those of its rivals. It doesn’t disrupt the industry, but significantly improves its efficiency and environmental friendliness.

Innovation score: High

Token value:

The company binds PRT tokens to sales of their product. 15% off of every purchase goes towards a liquidity fund, that is then used to buy out tokens and burn them. This ensures a stable income for token holders.

Token value score: High

White paper:

The project presents two documents that explain it, a white paper and a technical paper. The white paper talks about the current situation on the market and solutions that the company offers. It explains how the technology works, shows brief financial forecasts and describes how PRT tokens work.

The technical paper explains the technology behind the project more thoroughly, using flow charts and presents a comparison with similar products.

White paper score: High

Roadmap:

Scientific research began in 2016. The technology was tested in the same year. In 2017 the process was over, and the company was occupied with planning the business side of the project.

After finishing the ICO, the team will start certification process, manufacturing and configuring the first PRT unit. In 2019 the units are expected to be in mass production. The research team will work on developing modules for processing coal.

Roadmap score: High

Business model:

Since the company is B2B oriented, their marketing campaign is basically looking for refineries and selling them units in person. The lead scientist of the project, Anatoly Papusha is well connected and has a brand name in space industry. UN Under-Secretary-General personally was interested in the project since the beginning. This should facilitate the process.

The main source of revenue is selling PRT units. Cost of production varies between $400,000 and $700,000. Approximate selling price is between $950,000 and $2.5 mio. Financial forecasts show great profits.

Business model score: High

Team:

The core of the R&D team are Anatoly Papusha, the man who was developing Soviet space program and who came up with the patented technology, his son, who is also a scientist and has experience as leading engineer and a UN expert on chemical safety. From the management team only the CEO is mentioned, he has over 15 years of entrepreneurial experience.

The main team is augmented by partnerships with blockchain experts and smart contract developers.

The advisory board has only two people, a Doctor of Economics, who is also a UN expert on natural resources, and a Member of the Russian Academy of Cosmonautics.

Team score: High

Competitors:

The technology Papusha ICO introduces outperforms that of its rivals. The leading scientist has a brand name. The company has already struck a deal to sell the first PRT module. It so seems, everything is going fine for them.

Competitors score: High

Overall thoughts:

Papusha Rocket Technology is a very promising company. It operates on an idea that brings benefits for business and for ecology, and is operated by a renowned man in his field. It can’t get a low risk score, however, since it involves construction, and can have delays, especially on early stages.

PRT tokens being bought out constantly, this can be considered an investment that’s worth a risk.

Website: papusha.io
Whitepaper: Whitepaper

Overall Score

High

4.6 / 5

Risk score

Medium

Crowdsale


ICO

ICO start date: 25.07.2018
ICO end date: 25.09.2018
Hard cap: 13,500 ETH

TOKEN DETAILS

Ticker: PRT
Token price in ETH: 0.00028

Legal


ICO Platform: No
Country Limitations: USA
Registration Country: Russia