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Ratings Farm2Kitchen

Global Food Marketplace with Food Traceability

Farm2Kitchen® is building a decentralized Food Traceability platform on the Blockchain for the Food Distribution industry. The Blockchain is a distributed digital ledger to track the food at every stage of the supply chain from the farm all the way to the kitchen. We are providing secure Application Programming Interfaces (APIs) for Software Developers to build apps to access the platform. To protect people from unsafe food, you have to be fast and you have to be right – and Farm2Kitchen® Blockchain technology offers a chance to improve speed, accuracy and trust levels as never before. Farm2Kithen® founders have already successfully delivered Food Traceability solutions to farmer producer organizations in India. In sustainable agriculture space since last 5 years, Farm2Kitchen® is also a pioneer of organic food retailing in India.

4.1
9 8 expert ratings
Benchy 4.3
KYC
Experts
3.8
4.3
4.0
Review: download now PRO
Ended
Token
F2K
Type
Price in preICO
1 F2K = 0.07 USD
IEO launchpad
Price in ICO
0.1000 USD
Country
Whitelist/KYC
KYC & Whitelist
Restricted areas
USA, China
preICO start
2nd Nov 2018
preICO end
31st Dec 2018
ICO start
22nd Apr 2019
ICO end
5th Aug 2019
Visit ICO website
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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 Sep 24, 2018
4
4
4
13%

"Soft cap2,000,000 USD
Hard cap9,000,000 USD"

"This business has grown from a modest initial investment of $60,000 raised from friends and family."

Good concept with ability to scale through the farmers will be key.

+2Agree
-1
-3Disagree
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Ian Scarffe
Blockchain Consultant, Advisor, Consultant. European Commission - Horizon 2020
Rated on Apr 18, 2019
4
4
4
11%

Farm2Kitchen is a very interesting looking project, and they have a strong team with experience in the right areas leading it. The vision is also good and I look forward to seeing the product further down the line.

Agree
0
Disagree
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Paul Mears
ICO investor, cryto trader
Rated on Sep 7, 2018
3
4
4
11%

I like this as a concept and thnk that the team is very strong to execute this . Team is marked down due to the amount of tokens for advisors who are getting same amount as the team. On the full raise tokens for advisors are 1.8M USD and that I think is excessive and it makes no sense to me to have team and advisors getting the same amount. I can see chances for traction and like the use of hyperledger. The raise does seem high on assumption most dev will be done in India . It would be important to understand if any dev work was being done by related companies and at what margins or pricing Overall I like it but advisors tokens and total raise seem out of line

+3Agree
-1
-4Disagree
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Krishnendu Chatterjee Ph.D.
Blockchain | Tokenization Strategist| Whitepaper|Tokenomics | BD| Fundraising
Rated on Sep 5, 2018
Modified on Apr 17, 2019
4
5
4
10%

White paper - The white paper has outlined the problem plaguing supply chain in food industry but has failed to address how they would bring it on 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 also lacks a clear goal of future business development beyond the obvious roadmap.

Team - The team composition reflects a healthy mixture of various capabilities needed to make the project click and the team is experienced in their respective industry. This makes it strong and possibly able to deliver on their promises.

Tokenomics - The tokenomics is easy to understand including the reasonable use of funds. The tokens have vesting period for both advisors and founders with 10% each for both. The unsold token is will presumably be burnt (Is it hard coded in the token distribution code or would be done manually?- No information.

Business Model - The business model requires partnerships and collaborations which has not been highlighted. Requires the active participation from various fields for the tokens to be self-sustainable. The buyback offer is good for investors; but achieving operational profit by 2020 is a bit too soon. Generally, a successful product based ICO breaks even by 3-5 years (unless it’s an exchange) Clarifications?

MVP/ DApp/ Working Product  - No working model yet or even an MVP. This makes the project a bit on the weaker side despites its promising idea and strong team.

Based on inputs and recent events, I am re-rating the project-
KYC Passed.
"It’s a B2B project. It’s a democratic solution and we don’t expect the cost of food to go up significantly with this. The idea is the restaurants will pay the same what they pay right not but just cut out too many middlemen" - Reply from team.
Partnership with MoolyaCoin for scaling.

Re-Rating the project again based on the information like IEO, adding team members and ofcourse an MVP which looks simple & attractive.

+1Agree
0
-1Disagree
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Andrei Popescu
Co-Founder of COSS.IO & SCX Holdings and Seasoned Blockchain/FinTech Start-Ups Investor/Advisor
Rated on May 2, 2019
3
4
3
9%

Supply Chain Management is a very clear use case of Blockchain Tech; I am not really impressed with the business model nor the way the platform will operate the supply chain operations, as none of them were clearly explained in the whitepaper.
The project is interesting and I hope they will present a working infrastructure as soon as possible.
Best of luck!

Agree
-1
-1Disagree
Report
Arturas Svirskis
Listing tokens to 50+ exchangers, Market Making services, ICO and STO advisory
Rated on Apr 16, 2019
5
5
5
8%

Team: Team is quite strong and experienced in the industry. The most important that they have strong advisory board for the ICO process.

Product: The team wants to create decentralized Food Traceability platform on the Blockchain. They have similar project experience, which is very promising.

+1Agree
+1
Disagree
Report
Norm Bond
Consultant, Digital Marketing Strategist
Rated on Apr 26, 2019
4
4
4
6%

The project looks very interesting to me. The 40-page whitepaper is professional and gives good sense of the business. The roadmap starts in Q4 2017 and shows relevant deliverables.

The project team claims first mover advantage in building a decentralized platform for connecting parties across the Food Supply Chain.

There is track record having operated online and retail stores for several years. Another positive is an existing network of producers and farmers. This relationship should boost adoption of the technology platform being developed.

The project team is planning an IEO which should provide additional transparency and liquidity for investors.

Agree
0
Disagree
Report
Jamil Hasan
Project Closer to get you to the finish line
Rated on Sep 16, 2018
Modified on Sep 25, 2018
4
5
4
3%

As always I am completely happy when people prove me 100% wrong.

After further review, this company has a solid operational plan and understanding of the agricultural market.

I wish them continued success.

+2Agree
-1
-3Disagree
Report
Benchy
ICO analyzer bot
4.3
29%

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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ICO KYC Report
3 members invited
Anand Dholi
Passed
Yogesh Kondaskar
Passed
Rajan Nikam
Passed
KYC procedure verifies selected/specific team members only. It does not guarantee ICO success nor is a call for investment.
Missing or incorrect data? Let us know.

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