ODMC ICO Analysis - First investment blockchain option in the Oil and Gas sector

Core

Project Name: ODMC

Website: odmcoin.com

Whitepaper: https://odmcoin.com/assets/files/docs/en/White_paper.pdf

Hard Cap: preICO $200,000. ICO $1,400,00

Exchange Rate: pre ICO 1ODMC = $52,8. ICO 1ODMC = $66

Max ICO Capitalization: $1,400,000

Bonus Program: bounty for sharing the information about ICO

When: preICO August 28 - September 11 2017. ICO October 2 - October 31 2017 

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Project

This analysis will be devoted to another Russian project. So far, there have been few such projects, in fact, there is a huge number of Russian members in different ICOs, but the teams are international. Here, the Russian project with the Russian team. I know only two more examples like that one: Russian Miner Coin and Sandcoin. All three have a common feature - crowdfunding under REAL product. It's so in Russia, if you are seeking funding for something tangible - you can be trusted, although, in fact it actually limits the financial prospects.

I have to note that the state assistance to small and medium-sized businesses in the Russian Federation leaves a lot to be desired, so companies have to seek outside funding, including the ICO. As they say, April showers bring May flowers, while looking for the new ways, more and more companies learn about the blockchain technology and ICO, replenishing the ranks of Russian representatives in the blockchain projects.

What does company do?

ODMC has developed a technology that allows processing waste from oil production into gasoline, industrial water and building materials for roads. The drilling mud cleaning system on the drilling rig consists of 3 cleaning stages. The technology is unique and timely, I will remind 2017 - the year of ecology in Russia.

As you know, the oil industry is potentially dangerous for the environment due to its specifics. That is due to toxicity of the extracted hydrocarbons and the substances used in the technological processes. Production waste oil sludges­ was previously stored in open ground tanks (oil sludge pits), which have a significant negative impact on the environment. In connection to increasing demands for environmental protection, the oil pits are set to be liquidated.

At the same time, oil producers forget that oil sludge is not only a dangerous waste, but also a valuable raw material. Used petroleum products­ oils, oil flushing fluids, tank oil sludges, liquid waste from oil removers -­ all this can be recycled and refined into oil, gas, electricity, fuel, sand, paving materials. All this can be produced by using the SR­3 complex developed by us. 

The complex consists of three major components; two of them are embedded on the semitrailer automobile platforms.

The UBSH­ 1,5 complex. The mobile complex is based on physic­chemical neutralization and hardening of cuttings (drillings) by structures from cement and lime with addition of polymeric materials. The neutralizing effect is reached due to transformation of pulp into the inert consolidated mass and binding in its structure of pollutants (oil and oil products/ petroleums). The processed material can be used for construction and repair of drilling site platforms; road foundation; strengthening of highways slopes.

The Alfa­9 complex carries out cleaning with application of the physic­ chemical disposal facilities working in the conditions of low temperatures with use of methods of chain free radical electrochemical oxidation and selective sorption. The disposal facilities represent the modular devices in full factory availability placed in containers of sea or railway type with the heating and ventilation system. They are mounted on the location on the band foundation/ continuous footing or concrete platform. The Alfa­T complex installation is for processing liquid and solid carbonaceous household and production waste, such as waste oil, oily waste, film and products from HDPE, LDPE, PVC, synthetic rags, products from rubber and polymers, etc.to produce chemically pure hydrocarbons of gasoline and diesel fractions.

The principal advantages are: catalytic process provides stable composition of gas mix, stability of management of heating of working cameras, the set composition of fuel with prevalence of C18­C19 fractions in the main product, the deep purification of gas from impurity during catalytic process and condensation, reducing the toxicity of exhaust gases from accelerating cameras. 

How advanced is the project?

• Since 2013, the research works on the selection of recipe for processing and disposal of drilling waste going on
• In 2014, a pilot installation was created, which was tested in the NK "Slavneft" for 2 years
• Website has been launched in 2017

The plants have test certificates and patents. It is necessary to pass pilot-industrial tests at the Rosneft well (there is a protocol of intentions) to talk about the "real product". The finances received from the ICO are planned to be spent on this.

The tests of 2014-2016 were carried out for the certification of the installation, product certification, selection of recipes. Each oil company must conduct its tests, working according to its standards and regulations, and only after its own pilot-industrial tests they can introduce new technological solutions. ODMC signed an agreement with Slavneft (Rosneft). It is planned to sign an agreement with Lukoil in 2018.

Their plan:

The team plans to enter the Chinese audience of investors, holding a presentation of the project there.

• November 2017

Production of two SR-3 units.

• April - May 2018

Pilot tests on the Rosneft well.

• June - December 2018

Launch of industrial production of SR-3 units.

How can you use tokens

For 2018 it is planned to process 25,000 tons of oil drilling mud and receive revenue of $3.3 million with the help of two complexes. ODMCoin represents a percentage of the company's net income. The redeem of ODMCoin begins 8 months after the end of the fund raising, when an equivalent amount of at least $ 129.600 generated monthly. Blockchain technology is used to distribute future contracts between investors. Also, investors will have the right to exchange ODMCoin for the appropriate amount of oil drilling mud product (oil, gasoline, building material). Additionally, investors will be offered an exchange of ODMCoin tokens for the company's shares, in case the company gets to the IPO.

It is expected that the owners of the token will be able to sell it on the exchange for $ 132 (the company receives that amount of money for processing 1 cubic meter of oil drilling mud). It is not entirely clear why exchange prices should rely on this amount, agreed between the companies.

Team

ODMCoin has a team of 8. Many team members have a significant experience and patents in the oil refining sector.

Alexander Doronin, CEO - Project plan development. Effective networking and establishment of trustful relationships. 2016-2017 Department of Investment Policy and State Support of Entrepreneurship of the Tyumen Region - Chief specialist of the import substitution sector. 2010-2016 ZAO firm PROKONSIM - Head of a separate subdivision. The main activity of PROKONSIM is wholesale of hardware, water and heating equipment and accessories.

Michael Zehansky, Deputy Director for Finance - 2003 - up to now. OOO NPO Geomodul. Position - director. Although, according to the available data, the general director of OOO NPO Geomodul is his son, Zehansky Leopold. The main activity of the company is the construction of residential and non-residential buildings. Also, the NGO "Geomodul", LLC operates in another 56 areas.

Nominally, Michael Zehansky is still listed as an employee of the NGO Geomodul, it is not entirely clear how he will allocate time to work on this project.

Fanil Yusupov, IT Specialist - experience in the development and commercialization of projects, the development and successful implementation of the Russian project "Device: Autoinformer." Successful experience in fulfilling orders for government agencies (the project "Expanding Horizons", developing a training system for the Tyumen Oblast Election Commission). Fulfillment of orders for the education of the Tyumen region - an educational platform "Demolit".

Bounty system is extremely clear. Fanil Yusupov makes sure that everyone, who shares information about ODMC ICO gets it's share as soon as possible.

Possibilities

• First investment blockchain option in the Oil and Gas sector
• Each investor has an opportunity to receive finished products (Oil, gas, construction materials)
• Demand is backed by environmental legislation in most developed countries
• Great communication, openness and honesty of the team
• The team promises to cover every step of the project, because they consider trust to be the most important component of success. "If we take obligations - we clearly work out" (c)

Concerns

• Decentralized solution is not necessary in this case. However, the team put a lot of effort into getting support from the local administration, banks and investors. No adequate person would agree to the proposed conditions. Therefore crowdfunding based on ICO is quite a logical solution.
• A couple of months before the ICO team still did not decide whether they need to use smart contracts based on Ethereum
• It's unlikely that the tokens will be added to many exchanges, given their low volatility. I don't expect active trading. The team plans to start negotiations with the exchanges in mid-September
• Token's redeem will begin only when a monthly net profit will be equivalent to at least $129.600. With difficulties in the market, investors risk remaining with ODMC in their hands for a long period without the opportunity to earn

Summary

The project has good developments that will find its client, as companies and states interested in improving the environment.

Despite the interest of the state from the environmental point of view, legal problems may arise. The status of crypto-currency in Russia is still not clear. ODMC plans to use it's tokens as a percentage of profits or offers to exchange them to a finished product of processing. Consequently, the tax and legal aspects of the issue will remain open, before the legal settlement of the cryptocurrency in the Russian Federation.

IT specialist has not previously worked in the field of blockchain, so the organization of "blockchain-options" may have "roughness" in the code and security. However, previous experience in IT sector shows his versatile awareness.

My thoughts on buying tokens for trading on the stock exchange and investing in the long term are as follows:

For a short-term investments

Negative. It is not yet clear how aggressive the marketing campaign will be, but the cap of $ 1.4 million is quite achievable. Token will not actively trade on the stock exchanges, it means it will be difficult to make money on it in the short term.

For a long-term investments

Neutral-positive. If the project reaches its goal and will develop as planned, by the summer of 2018 your investments can be doubled. Much will depend on the success of the ICO. I'm not sure that you can get rich on the project in one year, but if the project finds investors to start mass production, then in a few years, the funds invested may well be multiplied. The team is focused on the project.

In case of failure on ICO, the team promises to reimburse 100% of investments to investors, review tactics, find advisers and try again.

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