SVCS is an Erc-20 token on the Ethereum blockchain that is designed to solve a pressing problem in society - namely, that public service pensions are criticially underfunded. Crucial Web helped the SVCS team to create their first whitepaper and put together branding and a simple website too.
After talking to the team managing the SVCS token (which even includes a Hollywood celebrity), we were surprised to learn that pensions for public services in some of the world's 'wealthiest' countries are seriously underfunded, often even up to 50%. This means that many of the planet's firefighters, police, medical staff and other public service employees face a worrying and uncertain future.
The reasons for the underfunding range from poor prediction of the rate of increase in ageing within populations to a generally poor underlying model for the funding which relies on the present generation to fund the preceeding, retiring one. Any demographic shift that leads to significant population growth risks the entire system collapsing and that is what we are facing today.
The vision of the SVCS team is to use blockchain technology to provide public service workers with a way to invest in their own future via a private digital pension, while at the same time being able to direct profits from the blockchain directly back into public services. SVCS, available via the Giving To Services website, offers a glimpse of the way that decentralised finance (De-Fi) projects are likely going to reshape the world in fundamental ways.
One of the main selling points of decentralisation is that it removes the 'single point of failure' that exists in centralised systems - which is often sadly a key problem with governments and their projects. Despite governments being presented as 'the voice of the people', it is well known that in reality they are centralised organisations which make decisions based on the input of a small number of people. This means that if the nominated 'expert(s)' in a field is/are incorrect in their thinking, the outcomes for the population can be catastrophic. SVCS is one of several projects aiming to empower populations to mitigate this existential risk by taking charge of their own destiny.
The early stages of the SVCS project are establishing a framework and model for the fully fledged digital pension product which is intended to be launched between 2023 and 2024. The fast paced evolution of De-Fi projects means that optimally designing such a project requires considerable awareness of the marketplace, when to innovate, when to borrow and when to hold back. We began with a research period to clarify these issues and then created a whitepaper to outline the project's vision and it's most likely trajectory as it is further defined by the team.
The resulting whitepaper was published on the initial, simple iteration of the project website and was received with great applause by the project's investors.
We look forward to helping out with SVCS as it expands in future and seeing how this exciting project makes waves in solving a serious global challenge in coming years.
If you need help with promoting your project online, whether it is crypto based or just about anyhing else, then feel free to Email our team at info@crucialweb.co.uk.
We offer substantional discounts to ethical and decentralised projects, so if that's your thing, don't hesitate to get in touch!
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