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Ratings Farm

Gap Between Online and Offline Company

Food is an essential part of people’s lives, and as such is much more than just a means of survival. It is also the main factor in how we view ourselves and others. It plays a big role in all social and political issues, and is a bastion of popular media. Over the past few decades, we have witnessed a rise in food-focused media and culture. A food explosion surrounds us everywhere we look, from TV shows such as 24 Kitchen, Kitchen Confidential, Jamie Oliver to organic products, healthy diet magazines and food festivals. There is an increased awareness of food’s significance within contemporary society and culture hence we decided to choose food. When it comes to purchasing food and beverages people are impulsive buyers and retail is still the king. In developed countries majority of the food products, beverages and snacks are sold to consumers directly through a network of retail stores owned by multinational corporations with deep pockets and the trend is catching on in other countries as well. The barrier for entry into the food business is still low yet small food companies are finding it harder than ever to enter big box retail stores because of their inability to scale, pay high retail shelf space prices and inability to raise capital for advertising and marketing. This is where the FARM Token Foundation comes in. With the help of the FARM Token Community we would identify and partner with a few innovative food companies every year and provide them the needed resources to grow and expand into new markets. As our portfolio grows so will the blockchain movement, FARM ecosystem and the value of the token.

2.7
4 3 expert ratings
Benchy 2.6
KYC
Experts
2.1
3.6
2.4
Review: coming soon PRO
Ended
Token
FARMG
Type
Price in ICO
0.4785 USD
Country
USA
Whitelist/KYC
Whitelist
Restricted areas
China, New Zealand, UK
preICO start
15th Nov 2018
preICO end
30th Nov 2018
ICO start
1st Feb 2019
ICO end
28th Feb 2019
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Ratings

All ratings published on ICObench serve informational purposes only. ICObench does not provide investment forecast, recommendations or any consulting for that matter. Thus, neither ICObench, nor the experts can be hold responsible for the visitors’ investment decisions. Read more
Clemen Chiang
Ph.D. | CEO | FinTech in Stocks | Blockchain in Cryptos | Author of Amazon Best Sellers in Online Trading
Rated on Nov 14, 2018
3
3
3
21%

Key founders did not complete the KYC process. Serious flag and warrants remedial action.

If the team responds, I will be willing to improve the rating after KYC passed.

All the best!

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0
-1Disagree
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James Sowers
Ico adviser
Rated on Nov 14, 2018
Modified on Nov 14, 2018
1
4
3
18%

No kyc conducted this is a serious red flag ! Food is definitely an essential part of everyone life . Hope these guys donthe kyc and price hey exsist !

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0
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Krishnendu Chatterjee Ph.D.
Blockchain | Tokenization Strategist| Whitepaper|Tokenomics | BD| Fundraising
Rated on Nov 5, 2018
2
4
1
16%

White paper - The white paper has outlined the problem plaguing food industry but has failed to address how they would bring it on the distributed ledger (using QR codes? RFID? Lot number tracking? Other possibilities). For this business to grow, a lot of collaborations are necessary to be made but no mention of partners or affiliates. The white paper has a clear goal of future business development but lacks specifics.

Team - The team composition consists of four persons (I seriously hope it isn’t the case; Clarify). Advisory is kind of lightweight in terms of ICO or Food related expertise.

Tokenomics - The tokenomics is easy to understand including the reasonable use of funds. The good thing is that they do not limit the tokens and the tokens would be split when (and if) price reaches 10 US$. They are giving 40% discounts for pre-ICO investors and doesn’t mention any vesting period.

Business Model - The business model requires partnerships and collaborations which has not been highlighted. They have also not mentioned the process of choosing the projects - A big red flag in this regard.

MVP/ DApp/ Working Product  - No working model yet or even an MVP.

Great idea but weak team composition and lack of specifics makes me wary as an investor!

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0
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Benchy
ICO analyzer bot
2.6
46%

Experts are independently and voluntarily contributing to the community. If no expert has rated the ICO, only ICO analyzer's results are used. Always research before investing as these ratings should not be taken as an investing guide of any kind.

Ratings and ICO analyzer results are being updated (re-calculated) every few hours.

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