Digital Currency Revolution Series: Quick Glance At Interest-Bearing Accounts For Holding Bitcoin On ‘Blockchain.com’
Digital Currency Revolution Series: US Customs Enforcement Includes ‘Venezuelan Petro Mastermind’ For Most-Wanted List For $5Mln
Cryptocurrency Derivatives Series: Block-Halving & Open Interest Factors Drive Bitcoin Price To $10k Trajectory, Long Hedges Intact
Digital Currency Revolution Series: Argentina Soccer Federation Unveils Native-Crypto To Assist Esports Venture
Digital Currency Revolutions Series: Swiss Banks Fetch Approval Of FINMA To Launch Crypto-Trading & Custodian Functions
Crypto-Technicals: Bitcoin Bulls Shrug-Off Double Top As May’20 Extends 3-Months’ Rallies – Uphold Long Hedges
Digital Currency/Stablecoin/Tokenization Series: Facebook’s Libra Gets Support From Singapore-Based Investors’ Consortium
Blockchain Revolution Series: KuCoin Partners with HyperLinq And Chainalysis to Provide Advanced Tools
Blockchain Revolution Series: Tencent Holdings To Invest Huge For Tech-Infra Including Blockchain, AI & Cyber Security
Digital Currency Revolution Series: Goldman Sachs Exhibits Reluctance In Bitcoin For Asset Portfolio
Blockchain Revolution Series: California-Based Berry Producer Associates With IBM For Blockchain-Based Food Tracking System
Digital Currency/Stablecoin/Tokenization Series: Publish And TokenPost Debuts Media Industry’s Stablecoin (NKRW)
Blockfreight to bring blockchain to global shipping industry, launches innovative crowdsale
Blockfreight, a new end-to-end blockchain solution for the global cargo shipping industry, has begun its initial token offering (ITO).
The whitepaper states that Blockfreight is an open network blockchain allowing stakeholders to have access to an advanced global ledger and is a global trade optimisation technology. The Blockfreight network solves the inefficiency and variability in the data associated with each and every movement of container freight.
It is the product of an Australian blockchain research company, which has been tasked with the development on an end-to-end blockchain solution to the primary pain points in the current, antiquated system that requires manual matching up of bill of lading with letters of credit and other settlement mechanisms.
According to the official release, Blockfreight’s solution consists of three key elements:
The company behind the project has announced initial token offer of up to $1.9 million of Blockfreight Tokens [BFT:XCP], at a discount to their US $1.00 retail value according to Julian Smith, the company’s Co-founder and CEO.
The Blockfreight token on Counterparty is currently an active blockchain and has commenced an “innovative” token crowdsale that is based on sales volume instead of time. While most token sales add bonus coins based on which day they are purchased, regardless of how many are sold, the Blockfreight tokens, which will have a retail value of $1 US when the system is operational, will sell a fixed number of tokens at each price regardless of how many days it takes.
Following a private presale of 1,000,000 tokens, the initial crowdsale will offer 4,000,000 [BFT:XCP] tokens for two cents (USD) until they are sold. After that tranche, another 10,000,000 BFT:XCP tokens will be offered for three cents, then 15,000,000 tokens for four cents, and finally 20,000,000 tokens for five cents, for a total of 50 million tokens for $1.99 million. Tokens will be redeemable for $1 of fees on the Blockfreight system when it becomes operational in early 2017 (with testing in late 2016).
|Detect languageAfrikaansAlbanianArabicArmenianAzerbaijaniBasqueBelarusianBengaliBosnianBulgarianCatalanCebuanoChichewaChinese (Simplified)Chinese (Traditional)CroatianCzechDanishDutchEnglishEsperantoEstonianFilipinoFinnishFrenchGalicianGeorgianGermanGreekGujaratiHaitian CreoleHausaHebrewHindiHmongHungarianIcelandicIgboIndonesianIrishItalianJapaneseJavaneseKannadaKazakhKhmerKoreanLaoLatinLatvianLithuanianMacedonianMalagasyMalayMalayalamMalteseMaoriMarathiMongolianMyanmar (Burmese)NepaliNorwegianPersianPolishPortuguesePunjabiRomanianRussianSerbianSesothoSinhalaSlovakSlovenianSomaliSpanishSundaneseSwahiliSwedishTajikTamilTeluguThaiTurkishUkrainianUrduUzbekVietnameseWelshYiddishYorubaZulu||
||AfrikaansAlbanianArabicArmenianAzerbaijaniBasqueBelarusianBengaliBosnianBulgarianCatalanCebuanoChichewaChinese (Simplified)Chinese (Traditional)CroatianCzechDanishDutchEnglishEsperantoEstonianFilipinoFinnishFrenchGalicianGeorgianGermanGreekGujaratiHaitian CreoleHausaHebrewHindiHmongHungarianIcelandicIgboIndonesianIrishItalianJapaneseJavaneseKannadaKazakhKhmerKoreanLaoLatinLatvianLithuanianMacedonianMalagasyMalayMalayalamMalteseMaoriMarathiMongolianMyanmar (Burmese)NepaliNorwegianPersianPolishPortuguesePunjabiRomanianRussianSerbianSesothoSinhalaSlovakSlovenianSomaliSpanishSundaneseSwahiliSwedishTajikTamilTeluguThaiTurkishUkrainianUrduUzbekVietnameseWelshYiddishYorubaZulu||