StatCoin is a utility coin created for the purpose of simplifying numerous transaction scenarios within the Statistic Brain data research platform. Some of these transactions include:
Payment for Database Access
We have over 75,000 database subscribers, all making monthly payments using credit cards. Utilizing StatCoin for payment will collectively save our customers over $100,000 per month in credit card transaction fees.
Payment to Survey Participants
Even with payment automation the process of paying thousands of survey participants is time consuming and costly. Participants earn little to nothing for their time and information. StatCoin allows researchers to pay survey participants directly, saving thousands in processing fees. Cost savings and coin value gains give participants higher potential value for their time.
Payment to and from Foreign Clients
Data research is a global industry meaning a significant number of clients are exchanging currencies when transacting on Statistic Brain. Exchange fees for all global transactions that occur on Statistic Brain amount to nearly $1,000,000 in lost revenue annually.
Clients can still transact using fiat currency, but those who utilize StatCoin receive a 5% discount on all service pricing. StatCoin will collectively save end users an estimated $7,500,000 over the next five years.
Every week hundreds of new coins, currencies, crypto apps, and noise makers enter the blockchain / cryptocurrency world. What makes StatCoin worth my time? Why should consider this thing out of thousands of other “opportunities”? There may even be another ICO with this exact idea? Sell me StatCoin in 4 sentences!
The biggest difference, StatCoin is not funding a startup or even being used as an investment. StatCoin is utilitarian, it simply replaces fiat currency for our existing clients to transact on our existing service.
There will always be a demand for StatCoin as clients have significant incentive to use StatCoin for the payments they are currently making anyway. This ensures anyone holding StatCoin will always have a way to liquidate their holdings.
You can exchange your StatCoin once distribution ends, most other coins cannot be exchanged unless they get listing on a major exchange.
Statistic Brain is a real company, with a global reputation, generating real profits, and prepared to weather the unknown online future.
Here are the main actions that are slowly increasing StatCoin’s value:
STATCOIN’S CURRENT VALUE
The strategy for growing StatCoin’s market value focuses on slow but solid growth. We want to limit volatility by disclosing to potential buyers and sellers the true market capitalization of the StatCoin community. We do not advertise StatCoin outside our network as we believe that can only produce overvaluation. The value of StatCoin should remain closely related to the value of current revenue stream holdings.
All revenue streams are reported and considered in the valuation of StatCoin. Value is generated through the following activities: Coin sales, mining fund, browser mining, transaction fees, marketplace revenue, and advertising revenue.
StatCoin Market Capitalization (As of June 27th, 2018)
Statistic Brain sourced by Colbert Report, Wall Street Journal, Forbes, John Hopkins, Fortune, to name a few
View SEC Suggested Questions to Ask
Who exactly am I contracting with?
Statistic Brain Research Institute ( Brain Industries, Inc – Los Angeles, CA USA ) www.statisticbrain.com
Who is issuing and sponsoring the product, what are their backgrounds, and have they provided a full and complete description of the product? Do they have a clear written business plan that I understand?
Statistic Brain Research Institute is fully sponsoring and managing all aspects of StatCoin. Founded in 2006, by Seth Michael Harden [view LinkedIn profile], Statistic Brain is a trusted research provider for University textbooks, high school curriculum, television media, print and online publishers, marketing firms, and Fortune 500 businesses. Each year more than 35 million students utilize Statistic Brain to advance their research.
Who is promoting or marketing the product, what are their backgrounds, and are they licensed to sell the product? Have they been paid to promote the product?
All promoting and marketing of StatCoin is done in-house by employees of Statistic Brain, employees did not receive any additional incentives beyond their normal salary. To promote StatCoin’s initial free coin distribution we utilized our mailing list, social network accounts, crypto forums, and word-of-mouth. StatCoin was not promoted as an investment opportunity.
Where is the enterprise located?
We are located in Southern California, just south of Los Angeles. Our office is located at 75 Enterprise, Aliso Viejo, CA 92656, Our headquarter address (for important mail, legal filings, taxes etc) is 81 Laurelhurst, Ladera Ranch, CA 92694.
Where is my money going and what will it be used for?
All payments made using USD for the direct purchase of StatCoin first deposit into a dedicated payments account with Wells Fargo. These funds are then split 3 ways, 33% remains in the account as USD, 33% is converted into ETH, and 33% is converted into BTC. This is done to ensure liquidity as transactions occur on the StatCoin platform. When distribution is complete, StatCoin holders will have the option to sell their StatCoin market price. Market price is set by taking the total value paid into StatCoin and dividing it by the total number of StatCoin in circulation.
Is my money going to be used to “cash out” others?
Only StatCoin holders who made a monetary purchase of StatCoin can sell their StatCoin. “Free” StatCoin holders can sell coins once the price per coin has exceeded the price paid by purchasing holders. This ensures a fair and scam free system for all participants. This ensures all purchases are protected and can never decrease below the initial purchase value.
What specific rights come with my investment?
1. Your StatCoin wallet is paid monthly interest until all StatCoins are distributed.
2. You have the option to earn more StatCoin for participating in surveys.
3. You can use your StatCoin to pay for monthly access or research through Statistic Brain.
4. You can hold onto your StatCoin as long as you want.
5. You will have the opportunity to sell, trade, exchange, your StatCoin for other coins.
Are there financial statements? If so, are they audited, and by whom?
USD purchases are stored by our processor Stripe and can be requested on our contact page. Ethereum deposits can be viewed here:
All personal transactions are viewable via your account history page when logged in.
Is there trading data? If so, is there some way to verify it?
When distribution is finalized and exchanges beyond the StatCoin platform commence, all transactions become public record and are viewable on the Stellar blockchain asset network under the symbol “STAT”.
How, when, and at what cost can I sell my investment? For example, do I have a right to give the token or coin back to the company or to receive a refund? Can I resell the coin or token, and if so, are there any limitations on my ability to resell?
After distribution, purchased tokens can be sold back minus 3% charged to cover all transaction fees.
If a digital wallet is involved, what happens if I lose the key? Will I still have access to my investment?
Any funds you have deposited in your StatCoin wallet are insured from the loss of key. You can have total piece of mind while storing funds with StatCoin.
If a blockchain is used, is the blockchain open and public? Has the code been published, and has there been an independent cybersecurity audit?
Has the offering been structured to comply with the securities laws and, if not, what implications will that have for the stability of the enterprise and the value of my investment?
StatCoin is utilizing the Stellar Public Network, this allows anyone to view all StatCoin transactions. The StatCoin client portal has been reviewed by Stripe payments for PCI compliance. All site transactions are encrypted and an active SSL certificate is public and can be inspected via any browser.
What legal protections may or may not be available in the event of fraud, a hack, malware, or a downturn in business prospects? Who will be responsible for refunding my investment if something goes wrong?
All USD funds are held in a FDIC insured bank account, 90% of all cryptocurrency deposits are held in cold storage and insured at market value, any loss will be reimbursed with corresponding currency. Any funds that move outside of the StatCoin platform are no longer insured.
If I do have legal rights, can I effectively enforce them and will there be adequate funds to compensate me if my rights are violated?
If at any point you feel your legal rights have been violated please contact us at firstname.lastname@example.org
If damages occur and compensation is legally entitled, Brain Industries Inc is not in the position to adequately fund compensation.
Initial distribution StatCoin holders earn up to 5% interest paid monthly until all coins have been distributed.
READY TO FUND YOUR STATCOIN WALLET?
Click here to register your StatCoin account
WHAT IS STATCOIN?
Used to purchase monthly subscription access to Statistic Brain’s database.
Used to fund surveys and specific research where participants are paid using StatCoin.
Can be traded for other digital currencies like Bitcoin. Once distribution is final StatCoin will be listed on exchanges.
Early holders of StatCoin can hold StatCoin as long as they wish and sell it in the future for the established market price. A limited circulation of just 2.5 million will help promote a stable value.
STATISTIC BRAIN DETAILS
TRUSTED RESEARCH PROVIDER FOR OVER 12 YEARS
The Statistic Brain Research Institute provides almost every major news and media organization with research data. Here are just a few of those organizations.
One of the largest online statistical databases with over 500,000 topical and relevant data sets.
Over 250,000,000 people have used Statistic Brain for statistical research – students, journalist, businesses, and educators.
Statistic Brain offers monthly paid subscription access and currently services over 75,000 active monthly accounts.
WHAT IS STATCOIN?
StatCoin is a digital token created on the Stellar distributed ledger. It has no monetary value but can be traded for other cryptocurrencies. There are just 2,500,000 StatCoin available for circulation. This number is locked on the ledger and can never be increased.
StatCoin was created by the Statistic Brain Research Institute to develop a verifiable statistics database utilizing DLT, increase research capabilities, promote awareness and access to published data, develop tools and applications for data analysis, and award scholarships to as many students as possible.
SEC AND STATE COMPLIANCE
In the near future StatCoin will be listed on crypto exchanges (e.g. Binance, Poloniex, Bittrex) and trade under the symbol STAT.
In compliance with SEC regulations a Form S-1 is in preparation. We will also be launching a small trading platform giving STAT holders a convenient way to trade between other major coins. A Form-ATS will also be filed with the SEC ensuring compliance of our alternate trading system.
When exchanging fiat currencies for digital currency each state requires an individual license. Each state license will be displayed and available for user review in our license database.
STATISTIC BRAIN RESEARCH INSTITUTE
Founded in 2002 by Seth Harden, the Statistic Brain Research Institute began compiling a database of statistics, surveys, rankings, and data sets. The goal was to give researchers a single and reliable source for data.
On July 4th, 2006, the amassed database was uploaded and published on the internet at www.statisticbrain.com. Over the next 12 years over 100 million people would use Statistic Brain during their research.
Statistic Brain Research Institute’s data has been sourced in every major publication including Oxford Press, Wall Street Journal, Forbes, Harvard Business Review, Time, CNN to name a few. It has been sourced in over 200 published books including college textbooks and listed as a reference source in college syllabuses around the world.
BENEFITS OF OWNING STATCOIN?
StatCoin holders will have exclusive access to the data and analysis derived from StatCoin’s distribution along with the first look at all new published data.
Original StatCoin holders will have the option to participate in surveys and polls to gain more StatCoin. A StatCoin marketplace will give holders a place to trade their STAT for products.
Original StatCoin holders will gain monthly interest on holdings. Owners can also run our browser based miner to increase StatCoins market cap.
When STAT is listed on crypto exchanges a market value will be established allowing holders to trade their STAT for other cryptocurrencies, allowing them to cash in on STAT’s market value.
Each year the Statistic Brain Research Institute will be awarding a number of scholarships to students who have submitted a written essay. StatCoin holders will vote to decide the recipient
THE STATCOIN EXCHANGE
Sell your STAT to new Statistic Brain subscribers and researchers, this allows holders to cash in their StatCoin without waiting for STAT to gain listing on the major exchanges.
HOW DOES IT ALL WORK?
If you’re like most people you are probably confused on how the coin process works.
Here is a roadmap from beginning to end.
1 CREATE ACCOUNT
Begin by funding your StatCoin wallet with a purchase between 100 – 5,000 STAT coins.
2 INCREASE STAT HOLDINGS
Exchange US dollars for USDT Tether. Tether can be traded for StatCoin, Bitcoin, Ethereum, Lumens, or Monero. Increase your STAT holdings and earn up to 5% interest paid monthly.
3 USER MINING
While you wait for the coin distribution period to end you can run our browser miner. Running our browser miner will increase the market cap of StatCoin which will greatly increase your holdings value when you eventually decide to sell.
4 CLOSING DISTRIBUTION
StatCoin’s coin distribution ends Nov 1st, 2018. Any remaining StatCoin will be auctioned off and placed in our scholarship fund.
5 STATCOIN EXCHANGE OPENS
On December 1st, 2018 our StatCoin exchange launches. The exchange allows STAT holders to buy and sell STAT, trade between several major cryptocurrencies, and deposit or withdraw funds from their bank account.
6 REVENUE REINVESTMENT
Every month we will be reinvesting all revenue generated from mining, transaction fees, and marketplace revenue. Our goal is to stimulate StatCoin’s value through scheduled reinvesting.
7 AWARDING SCHOLARSHIPS
We will announce the essay submission deadline for scholarship applicants. Submitted resumes will be posted anonymously for all StatCoin holders to vote on the winner.
8 STATCOIN MARKETPLACE
StatCoin will be opening a marketplace where sponsored and educational products can be purchased using STAT.
All customer fiat funds are held in US banks. FDIC-insured and maintained in specific client designated accounts. Rest assured your money is in the bank.
Your newly purchased concurrency goes directly into our cold storage system. This is an offline wallet that is completely offline and inaccessible by anyone attempting to access it.
Your account is credited for your purchase, but this is simply just and entry in our database that stores a record of the transaction.
As you trade one currency for another our database simply logs a record a record of the transaction.
Think of it like the gold standard for cryptos. All coins in circulation within the StatCoin platform are simply a representation of the actual coins stored in our offline wallets.
Because the coins in your wallet are just representative of the real coins stored in our offline system, there is no way to transfer digital assets to a wallet outside the StatCoin platform. In the unlikely event your account is compromised it is impossible to lose your digital holdings.
If the entire StatCoin platform crashed all account holdings can be restored from any one of our database servers spread across the globe.
The StatCoin platform maintains a 100% fully funded platform. This means the full market value of all coins in circulation on our system is equivalent to the value held in our holding account. In the event of a digital market collapse, there will always be sufficient funds to cash out all digital account holders.
Our cold storage system utilizes a dual signing process. This is the industry standard security protocol for digital asset storage.
Each wallet key is split into 2 files. The first file only has the ability to receive requests for payment, but it is unable to send a payment without approval from the other ``Singing Key``. Using a manual process the payment request file is transferred to the offline system where the Signing Key resides.
The second key, or signing key, is located on a separate offline system. The signing key can only approve or deny the request but is unable to receive or send payment requests. These limitations along with the complete isolation of key halves, it shields each wallet from any outside payment initiations.
We ensure all data vital to the continuation of the StatCoin platform has been distributed to multiple secure locations around the globe. Every measure has been taken to protect all digital and fiat assets from any scenario short of a global meltdown.
READY TO FUND YOUR STATCOIN WALLET?
Click here to register your StatCoin account