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ICO Analysis: InsureX

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There are worse things in life than death. Have you ever spent an evening with an insurance salesman?

– Woody Allen

The great American healthcare debate has put health and other forms of insurance in the spotlight for going on a decade now. While many western democracies have socialized forms of health insurance, America’s are paltry by comparison, and the marketplace here is mostly privatized. In much of the rest of the world, other forms of insurance are still private. Collectively, according to multiple sources, all insurance generates more than 5% of all the economic activity in the world.

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London, a historical hub of many types of markets, is where InsureX would like to establish the global insurance mercantile exchange – for companies, brokers, traders, and investors. The concept does not require too much explanation: use Blockchain technology to enable faster, more accurate, more secure, and fairer acquisition and sale of insurance products. InsureX says they are deeply embedded in the global insurance industry, and we will investigate that more under the Team category of this analysis, but their best self-description emerges in the following paragraph:

InsureX offers a disruptive environment which will be beneficial to the currently outdated insurance sector. Participants in this marketplace are able to transact business in a highly efficient, secure and consistent manner with easy access to historical data and valuable market insight. The InsureX platform uses blockchain technology to streamline the process between buyers and sellers of insurance products. Not only does it provide a place to find and trade insurance, but a platform to manage the downstream processes related to programs, policies, premiums and claims.

Who InsureX Is Targeting

The InsureX marketplace is primarily for institutions such as insurers, reinsurers and brokers. Bringing these participants together directly results in an efficient, cost-effective and transparent marketplace.

Thus, for most of our readers, the token itself will not be overly useful beyond a speculative instrument. The details of the token become much more important when most of the people who might buy said token will never use it for its intended purpose. We’ll get to that momentarily, but let’s discuss the type of revenue that such trades can generate:

  • The average cost of an auto insurance plan in the US in 2014 was over $700 per annum. The United States contains almost as many registered vehicles as it does human beings, and most states require some form of insurance on all of them. If InsureX were to be used for even a fraction of these plans – brokers used the platform to sell more competitive products, improving the quality while cutting the cost – the revenues would be vast.

That is just one regional market in one type of insurance. Nearly anything that generates or costs money in the world has an insurance salesman eyeballing it – this situation will not change as the world moves into more digital forms of commerce, but rather will increase. A platform like InsureX sure has a lot of potential to serve the up and coming legions of insurance salespeople.

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Blockchain Meets Insurance

In the push to blockchain the world, many have neglected to realize that there are plenty of purposes where a simple database is sufficient. Most financial purposes would not fall under this category in a neutral debate, because allowing any party to casually make changes to a ledger is a fundamental risk. Therefore InsureX’s decision to utilize blockchain technology is entirely valid for this project, and moreover, the insurance industry itself has long been interested in the technology.

According to the Deloitte Consultancy, blockchain implications can go even deeper than mere registering and trading of insurance products. It could also imply secondary and tertiary marketplaces for things like claims adjustment.

Adopting a common blockchain across the sector could create a step-change in value in the insurance industry: claims-handling could become more efficient and streamlined, resulting in an improved customer experience. Such an approach could also help to reduce further, if not entirely prevent, fraud if identity management was also enforced on the blockchain – meaning that criminals could no longer crash for cash, or exploit the current challenges of sharing data unless their methods for obscuring identities became significantly more sophisticated.

InsureX Team

Is it possible that InsureX could become the so-called “common blockchain” for the insurance sector? Well, for what it’s worth, they do have Ross Campbell advising them. Campbell is the chief underwriter of Gen Re, a US-based insurance provider. He has been with Gen Re since 1995, and in the position as overall chief underwriter and head of research/development since 2010. This is to say he has held a powerful position at a sizable (1200+ employees) insurance firm for most of the rise and rise of cryptocurrencies. The insights and connections Campbell will have developed over a long career are perhaps the most valuable attribute so far for the InsureX platform itself, because, after all, like many of these “industry-wide” efforts, there is always a risk that the biggest players in a given industry will simply hijack the idea and implement it in a way that derives them an even more consolidated position.

Campbell recently wrote on the subject of insurance and technology and can be quoted as saying:

Deciding how best to handle issues around data privacy is among the industry’s key questions. Some people will not wish their personalized data to be put in the hands of insurers making decisions about policies, while others will want their data to be used to drive down insurance costs.

This statement brings to mind the notion that blockchain can serve in other capacities than the transferrance of plans and sales thereof – it can also secure the records of individual companies, and InsureX could act as a place that such products were also bought and sold.

Campbell’s involvement also lends an immediate aspect of realism to the InsureX project – it seems evident that once the platform is working, Gen Re will be interested in making use of it.

CEO and founder Ingemar Svensson has a reasonably long career in financial technology. He previously was “responsible for defining the technology strategy and executing an extensive change programme across the organisation.” A simultaneous effort of Svensson’s is called Finserve, and like InsureX, they are looking to apply the blockchain to an industry. The obvious and contemporaneous split in focus could be concerning for potential investors.

COO Christina Dolan, member of the Forbes Tech Council and 2016 recipient of MIT’s Harold E. Lobdell Distinguished Service Award. Over the past few years she has shown an increasing interest in blockchain technology, having taken part in last year’s IBM hackathon. She can be seen here giving a talk on the potential of the Bitcoin market:

In short, she knows her stuff, so putting her in charge of operations is a good move.

Lead Ethereum Developer Nicolas Cherence public information is limited, as are his coding chops. “He holds a master’s degree in statistical and financial engineering from Paris IX Dauphine University” and claims to have worked on financial applications before. Luckily Ethereum work is easily outsourced, so for the most part we can overlook this potential hiring mistake.

Lead user experience developer Charlotte Holmen has already proven some of her competency, having previously worked at Doctify and presumably being responsible for the following screenshots:

InsureX Token

The IXT token will be necessary for use on the InsureX platform, and it has a guaranteed deflation rate in two ways: 1) there is hard cap of ___ tokens and 2) each time the InsureX platform derives a fee from activity in the marketplace, a portion of that is forever destroyed. As a result, the value of outstanding tokens on the markets increases with the decreased supply. An example where someone might spend IXT is if one participant wanted to find someone to fill a quote he had given on an insurance deal. Others in the marketplace looking for such opportunities would be notified, and they would then be able to create a fee-generating transaction, while the fee to list the quote in the first place is already captured – meanwhile IXT itself can be used to make deals on the platform.

It’s important not to get too lost in the details – the basic idea is that you will make money if insurers actually use this platform or decide to horde the token, if you are a holder of the token at time of launch. There will likely be competing plays in this space, but the odds are high that the experienced professionals behind InsureX will know how to leverage their first mover advantage.

  • A maximum of 133M coins will be created, 100M of which are to be generated during this crowdsale, with a maximum of 83 778 Eth being raised.
  • Inflation is outside of the smart contract, so not happening.

The Verdict

This is a hot one. InsureX has done almost nothing to lose points.

Risks

The major risk is a potentially slow adoption rate or adoption being split among several competing platforms. As a speculator, IXT’s value will depend very heavily on how much it is used and needed. As such we have to caution against the acquisition of large IXT bags, however dipping a toe into the water could buy several pairs of shoes.

Growth Potential

The growth of the insurance industry will fly in tandem with the growth of the blockchain industry. Technology is enabling new forms of economic activity the world over, and all of these will eventually have insurance products tailored to them. As such, the growth of this platform, if initially successful on even a small scale, is tied to the growth of human marketplaces and population – exponential.

Disposition

A hard 7.0 out of 10, based on everything above. This figure could see serious deductions if performance/timelines become an issue and competing interests push InsureX off the table. As such, despite the high numeric rating, we encourage caution except for those already directly involved in the insurance industry, as those people can consider any losses as part of attempts at innovation in their business.

Investment Details

Open now and about 25% funded at time of writing. If you really want in, you had better get over to Insurex.co now and make your contribution. The rate at time of writing was still over 1000 per Ether. Full disclosure: this author is hoping his Ethereum wallet syncs before the end of the sale.

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

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5 stars on average, based on 1 rated postsP. H. Madore has covered the cryptocurrency beat over the course of hundreds of articles for Hacked's sister site, CryptoCoinsNews, as well as some of her competitors. He is a major contributing developer to the Woodcoin project, and has made technical contributions on a number of other cryptocurrency projects. In spare time, he recently began a more personalized, weekly newsletter at http://ico.phm.link




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5 Comments

5 Comments

  1. magicnipples

    July 11, 2017 at 10:51 pm

    thank you for the this review

  2. bananatrue

    July 12, 2017 at 1:02 am

    This ICO had a HUGE problem with security and community management: a week ago I helped Eric from TokenMarket (who’s actually the community manager on Slack) since they had some bad security settings on Slack channel. Their Slack community is also on fire because of another security issue that allowed scammers to post on Twitter on behalf of InsureX team just one day before crowdsale went live.

    That’s a good thing anyway IMO: crowdsale is still open and I was able to contribute, since this helped to slow down FOMO. Thanks for your great review

  3. benb

    July 12, 2017 at 12:34 pm

    Did I miss some regulation? US citizens aren’t allowed to buy into this coin either? Seems that way for every ICO I’ve tried. Try to buy in, and a message comes up that people from the USA can’t contribute.

  4. muellerro

    July 13, 2017 at 3:31 pm

    Any chance you can look at Indorse’ ICO?
    Is that somehow promising?

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ICO

ICO Analysis: SyncFab

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SyncFab is a technology company established in 2013 and based in San Leandro, California. SyncFab is the first peer-to-peer Industrial Internet of Things (IIoT) manufacturing blockchain for the hardware manufacturing supply chain. Manufacturers list their machining capabilities on the Syncfab platform and Hardware buyers can send part orders directly to them. Smart contracts guarantee production standards, protect Intellectual Property and guarantee payments. Blockchain makes the supply chain more efficient and cost-effective. By eliminating intermediaries such as brokers, outdated software, and inefficient procurement processes, the Smart Manufacturing Blockchain will easily lower costs by eliminating middlemen, inefficient procurement processes, and outdated software. Syncfab will also connect smart machines to factories and innovators to manufacturers.

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SyncFab was created to be a supply chain platform used to manage, organize and track parts production using smart contracts. Syncfab will use MFG tokens as an incentive for manufacturers to lower prices and place faster bids, which reduces production time and drives competition. Through SyncFab orders will be sent directly from purchasers to manufacturers, cutting out middlemen. Buyers can then track their parts throughout the production process and have them delivered directly to their businesses, which will eliminate the majority of marketing costs since buyers will have a direct connection to manufacturers and suppliers. Using records compiled on the smart manufacturing blockchain, Syncfab will be able to match buyers with their most ideal suppliers and manufacturers.

Token

The MFG Token is an ERC20 token used to reward purchasers, manufacturers and make payments on the Syncfab platform. Through smart contracts, MFG will be used to incentivize manufacturers/buyers who place orders using SyncFab and the Smart Manufacturing Blockchain. MFG will be available to purchase with ETH with 1 ETH purchasing 5,000 MFG, not including bonuses. 1 billion MFG tokens are to be created with 300 million being sold to the public with a hard cap of $30 million. Total supply will become 1 billion minus the tokens not sold during public sale, which will be destroyed upon completion of ICO.
The ICO began on Feb 15, 2018, and ends on March 15, 2018. ICO bonus schedule: Week 1 (15%), Week 2 (10%), Week 3 (5%), Week 4 (2.5%). MFG tokens to be distributed after completion of the public sale. Allocation of tokens: 30% Token Sale, 30% Partnership Adoption Pool, 15% Technical Development, 15% Smart MFG Tech LTD, 10% Founding Team and Bounty.

To purchase MFG, visit tokensale.syncfab.com

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Team

Syncfab’s number of team members is comprehensive, in comparison to other ICO’s, with 10 members and 10 advisors. The executive team members include Jeremy Goodwin – Co-Founder & CEO, (President, CEO of China Advanced Construction Materials, Inc), (Board Member at Cornell NorCal). Andy Le Tong – Co-Founder & CSO, (Co-Founder, CEO of Adaptive Tech), (Advisory Board Member for ImTech). Jay Ligda – CTO, (Previous Owner of SteadyServe.Net, Online Wellness Network, and Synergetic Web Creations). The extensive list of advisors includes Michael Jones (CEO of Science, Board Member of Dollar Shave Club and angel investor with over $2.5B in exists) and  Gil Penchina (Partner at Ridge Ventures, previous VP & General Manager at eBay and angel investor in more than 300 companies such as Linkedin and PayPal.

A complete list of the team and advisors, with brief descriptions, can be found on their website along with their Linkedin links.

Verdict

Industries, such as manufacturing, will soon be implementing blockchain technology as a means to increase efficiency, productivity, and profitability. Many will turn to Smart Manufacturing Blockchain because of its openness to new suppliers and is backed by an immutable distributed transaction ledger. As one of the first tokenized companies to come to market targeting manufacturing, Syncfab is situated to garner significant market share if able to successfully bring to bear its plans. Syncfab’s ambition is to revolutionize manufacturing by connecting buyers directly to manufacturers through the Smart Manufacturing Blockchain. Purchasers and manufacturers will be able to streamline supply chain processes, protect intellectual properties and track parts production in real time. Questions to be answered pertinent to potential investors are: As blockchain technology integrates manufacturing, will manufacturers choose to come on board with Syncfab? If so, in what time frame?

Rrisks

  • There will be some reluctance by suppliers to adopt new technology and current brokers will resist change and want to hold on to their customers and revenues. -1.5
  • International and/or local regulations may limit the use of tokens for supply chain procurement in the areas of the manufacturing supply chain industry. -2
  • Competition in the space will look to take market share away from SyncFab. -1

Growth Potential

  • Syncfab already has an existing platform and has already connected thousands of purchasing departments and individuals to fabrication and manufacturing facilities. +3.5
  • An extensive team consisting of experienced entrepreneurs, investors, and advisors. +4
  • Small businesses will definitely benefit from partnering with Syncfab by connecting directly to consumers. +2.5

Disposition

Current middlemen, which Syncfab looks to dispose of, definitely won’t go away without a fight and could possibly seek other blockchain alternatives to include themselves. Having an existing business already within the industry gives Syncfab a head start on the competition, which is sure to come and challenge Syncfab for market share. Syncfab also recognizes obstacles to mass implementation and lists them in their whitepaper. However, the experienced team and current infrastructure in place, Syncfab is in a good position to effectuate their plans. Syncfab receives a 5.5 out of 10 rating.

Investment Details

  • Token Type: Utility
  • Platform: Ethereum
  • Symbol: MFG
  • Token Price: 1 ETH = 5,000 MFG (without bonus)
  • Payments Accepted During Crowdsale: ETH
  • Crowdsale Date: Feb 15, 2018 – March 15, 2018
  • Hard Cap: $30M
  • Total Supply: Currently 1 billion MFG
  • Jurisdictions Barred from Participation: Iran, North Korea, Syria, Sudan, Cuba, Crimea, Yemen

For more information regarding SyncFab:

Website: blockchain.syncfab.com (team, whitepaper, roadmap, partners)
Twitter: twitter.com/syncfab/
Facebook: facebook.com/syncfab/
Github: github.com/syncfab
Reddit: reddit.com/r/syncfab/
Blog: blog.syncfab.com
Telegram: t.me/syncfab (10,530 members)
Medium: medium.com/syncfabmfg

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

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ICO

ICO Analysis: CloudMoolah

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CloudMoolah was successfully launched in the USA in October 2017 with currently over 300 developers and more than 10 million gamers using the platform. CloudMoolah is designed to facilitate and manage payments seamlessly between game developers, gamers and payment merchants in a convenient and secure manner on a global scale.

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The project offers unity developers the opportunity to collect in-app revenues from 100+ million gamers and 500,000 retail points of sales in Southeast Asia. The use of blockchain technology will ensure security and efficiency of gaming transactions while increasing cost savings for developers. CloudMoolah will allow game developers to collect in-app revenues from credit card users and noncredit-card users, which is extremely valuable considering the credit card penetration is less than 3% in Southeast Asia. CloudMoolah combines popular localized payment methods such as Telco Top-Up Cards, Prepaid Cards, Ebanking And The New Moo Token to capture this market.

Token

The MOO token is an ERC20 token used on the Ethereum platform which will have a circulating supply of 300 million and a total supply of 500 million. When released, the MOO token will be available for purchase/trade on public exchanges. Also, MOO can be traded for CloudMoolah Points (CMP), the in-app virtual currency used for payments and transactions within the MOO store. The MOO store is a third party app store populated with Unity content enabling efficient and secure transactions between gamers and developers. Developers will have access to over 100 million gamers through the MOO store.

The public ICO begins March 1, 2018, and ends March 31, 2018. The MOO token price will be $0.30 and have a hard cap of $30 million. The link to join whitelist is here.

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The token distribution is as follows:

  • 41% private/public sale
  • 22% founders/senior management
  • 17% suppliers
  • 10% company
  • 5% staff
  • 5% advisors

Team

The CloudMoolah team has over 30 years experience in the video game industry in Asia with a stellar track record of publishing blockbuster game titles such as World of Warcraft, EA SportsTM FIFA Online 2, Starcraft 2 and Counter-Strike Online. Co-founder and COO Jonathon Sze successfully built EA SportsTM FIFA Online 2 fan base from zero to 25 Million in Southeast Asia. Co-founder and Chairman Roland Ong brought World of Warcraft to Asia and was the founder of IAHGames which won rights for top-rated games such as Starcraft 2, EA Sports FIFA Online 2, and Counter-Strike online. Co-founder and CFO/CIO Benjamin Cher has closed over $500 million worth of VC/PE deals in his career. The complete list of team members and advisors is listed in their whitepaper.

Partnerships include Unity Technologies (Asia’s largest and the world’s most popular game development engine), True Digital Plus, VTC Online, MOL, Softworld, Bluepay, IAH Games, UniPin and Sam & o Group.

Verdict

While CloudMoolah intends to cater to millions of gamers and developers around the world, its primary focus will be on the Asian market, which has been generally under served by mainstream digital payment services. With an experienced and successful team, strategic partnerships  and proven business model, CloudMoolah appears to be on track to make significant headway in the Asia gaming market.

That being said, there are some implementation risks associated with the project. In particular, CloudMoolah is targeting a highly diverse Asian market that differs along multiple strata. This could be seen as one of the major challenges to successful implementation.

Risks

  • As with many ICO’s, the executive team has outside obligations and cannot focus 100% of their attention to the project. -2
  • The project’s main focus region is Southeast Asia, which consists of 11 countries with differing demographics, economics, and languages that can all become major obstacles to mass integration. -1.5

Growth Potential

  • A+ team with decades of experience and huge success within the gaming industry. +5
  • CloudMoolah is an established business that has already made crucial partnerships with both global and local markets. +3.5
  • $30 million market cap with a low 300 million circulating supply. +1.5

Disposition

Working with gaming developers, CloudMoolah appears to be committed to achieving an excellent gaming experience for gamers worldwide. The team comes with great success in the gaming industry that, if applied to blockchain, can create huge cost savings for gamers and larger profits for developers. This leads us to the view that CloudMoolah may be poised for great things. Based upon merits observed, CloudMoolah receives a 6.5 out of 10 rating.

Investment Details

  • Symbol: MOO
  • Market Cap: $30M
  • Circulation Supply: 300 Million MOO, Total Supply: 500 Million MOO
  • Payments Accepted During Crowdsale: ETH
  • Crowdsale DateMarch 1, 2018 – March 31, 2018
  • Token Price: 1 MOO = 0.30 USD
  • Jurisdictions barred from participation: China, USA

For more information regarding CloudMoolah:

Website: cloudmoolah.io (team, advisors, whitepaper)
Whitelist: kyc.cloudmoolah.io
Facebook: facebook.com/cloudmoolah/
Telegram: t.me/cloudmoolah (20,549 members)
Reddit: reddit.com/r/CloudMoolah/
Twitter: twitter.com/cloud_moolah
Medium: medium.com/@cloudmoolah

Featured image courtesy of Shutterstock. 

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

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ICO

ICO Analysis: TE-FOOD

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TE-FOOD is now the biggest farm-to-table food traceable system in the world. TE-FOOD serves over 6,000 businesses while averaging more than 400,000 transactions on a daily basis, which results in serving well over 30 million people. TE-FOOD has integrated 2,600 retailers and markets, 3,100 farms, 3,400 livestock agents and 190 wholesale distributors into their system.

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TE-FOOD coordinates with governments, supply chain companies and consumers to enhance food safety, eliminate food frauds and minimize costs for supply chain companies. The entire supply chain will become more efficient through the use of one interoperable transparent ledger; this will help avert large-scale food recalls and enable smaller, targeted recalls.

Currently, the main focus of TE-FOOD is  the emerging countries that account for 60% of the world’s population along with 45% of GDP, and which needs massive technological disruption because of the level of distrust in their food supply chains. Started in Vietnam and having found success, TE-FOOD is aiming to be in 17 countries within the next five years.

TE-FOOD’s revenue sources are the following:

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1. Selling physical and logical identification materials
2. Charging transactional costs
3. Selling food transport environment sensors
4. Charging monthly or sales volume dependent fees on the marketplace

Token

The company is issuing TFOOD tokens, which are ERC-20 tokens created to be used within the TE-FOOD system for the following:

1. Pay for transactions
2. Pay for value-added information
3. Rewarding conscious consumer behavior for using our Consumer mobile app

A total of 1 billion TFOOD tokens are to be created with 51% being available for purchase during the public sale which is scheduled to commence on Feb 22, 2018, and conclude March 22, 2018. TFOOD tokens should be immediately transferred and can be used in the TE-FOOD system after completion of the token sale.

Team

A Vietnamese and Hungarian company combined to create TE-FOOD with a team that includes more than 20 members (each listed with details on their website along with LinkedIn links). The team is led by CEO Dr. Trung Dao Ha (Co-Founder of Thien Minh Group, President of Hochiminh City High Technology Association, Austria Honorary Consul in Hochiminh City for the Austrian Government and Co-founder/CEO of DAO advanced Technology), CeO Erik Arokszallasi (CEO of Erba 96 Ltd) and CMO Marton Ven (CEO at Flumen and CMO at Erba 96 Ltd).

TE-FOOD works with some of the biggest retail food companies in Asia such as AEON, Lotte Mart, JAPFA and C.P. Group. The government of Vietnam’s largest city, Ho Chi Minh City, also employs TE-FOOD. Current partners include: GS1 (barcodes), Unisto (security seals) and Zalo (message/call app).

Verdict

TE-FOOD is developing a scalable, cost-effective system for tracking, securing and ensuring quality for global food transportation which will reduce corruption, theft, fraud and food-borne illnesses. Identification applications are used to track livestock, transports and fresh food packages from the farm to the table. This will enable fresh food sold in retail to be tracked back to their origins. TE-FOOD is able to track food items throughout the entire supply from beginning to end while accessing quality information.

TE-FOOD has been operating in Vietnam since 2016 with a proven track record and buy-in from thousands of businesse. If the company is able to successfully integrate its functioning business to its tokenized model with participation from current clients, along with expanding to new markets, it may find success for itself and investors.

Risks

  • When seeking to expand to new countries, TE-FOOD may face a variety of difficult regulatory and compliance issues working with different governments and agencies. -2
  • The executive team, though accomplished, is still involved with other businesses which may detract from putting their full efforts into the success of TE-FOOD. -1.5
  • Although TE-FOOD does already have a working business, which is definitely a positive, they will still face strong competition from other blockchain companies. -1

Growth Potential

  • The company already has an established working product and with key partnerships with multiple businesses and the government of Vietnam. +5
  • TE-FOOD is scheduled to be in 17 countries within five years according to their roadmap. +2.5
  • TFOOD tokens will be immediately released and available to all investors. +3.5

Disposition

With nearly 80% of food fraud involving fresh food products and livestock, over 400,000 annual deaths due to food contamination and the health threat of antibiotics overuse in animals used for food, TE-FOOD’s main mission is to greatly reduce these issues by making the fresh food supply chain transparent and more effective through a modern, but affordable ecosystem. Having an already working business model combined with the ability to scale, TE-FOOD appears to have the means to accomplish this mission if everything goes to plan. TE-FOOD receives a rating of 6.5 out of 10.

Investment Details

  • Symbol: TFOOD
  • Type: Utility
  • Price: $0.05
  • Accepted Payments: ETH
  • Public Sale Date: Feb 22, 2018 – March 22, 2018 (Bonus levels – 15% Week 1, 12% Week 2, 10% Week 3, 5% Week 4)
  • Public Sale Amount: 512,000,000 TFOOD (51% of total) to be sold. 1,000,000,000 TFOOD total supply
  • Jurisdictions Barred from Participating: None mentioned

Featured image courtesy of Shutterstock.

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

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