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300cubits TEU

TEU Tokens: Bitcoin for the Shipping Industry

Strong market penetration strategy: The TEU tokens are given for free to the industry which in return will create a new industry practice and hence demand for the TEU tokens. Management team with relevant industry background: Our founders have 50 years’ experience in shipping, currency and system development. Ready demand in the market: Industry is broke but in needs of tangible booking deposit. Our solution provides tangible deposit assets free of charge. Competitive offering relative to competing solutions: Competing solution is fiat-currency-based booking deposit, which is working capital intensive for the users. Easy system implementation: Our IT solution entails a crypto deposit dispatch front end, which is easy to develop and use. Ample usage potential: The same solution could be applied in multiple industry where booking is not securitized by any collaterals.

3.9
6 5 expert ratings
Benchy 3.9
Experts
4.1
4.0
3.6
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~$1,453,740
value of tokens sold in ICO
Ended
Token
TEU
Price in ICO
1 TEU = 0.0025 ETH
Country
Whitelist/KYC
KYC & Whitelist
Restricted areas
USA, China
ICO start
12th Apr 2018
ICO end
12th May 2018
More on ICO
Report

About 300cubits TEU

Pre-ICO: 2% of the TEU tokens have been sold during Aug-Sep 2017 for 1588 ethers. Private placement started and ICO will start on 15 March.

System development: A system prototype has been tested by 20 plus largest players in the industry. Production system is under development. Alpha version will be tested with live shipment in Feb. Production system will go live on 15 June 2018.

Adoption: Some of the largest shipping customers have formed alliance with 300cubits to promote use of TEU tokens as booking deposits. 300cubits is also in discussion with the popular common booking portals to expose TEU tokens for users. Customer onboarding has started on 1 February in form of token distribution.

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ICO KYC Report
2 members invited
Johnson Leung
Passed
Ho Hing Lee
Passed
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