Igor MontellaICO team member replied on 9 Nov 2018
About FoodNation
We are a online food delivery marketplace, developed collaboratively, using the blockchain technology and having as key part the distribution of the profits with the sellers and divulgers for a more viral and sustainable growing.
The online food order market is practically under the domain of big players whose profit margins are very significant, sometimes more than 50% of the services taxes. These monopolies eliminate good part of the business competition making both restaurants and clients run out of options. Nowadays this market moves USD 121 billion and the foresight is that will be still growing in high taxes (approximately 18% a year) reaching, in 2002, nearly USD 234 billions.
How to break up with this concentrating reality of the food delivery marketplaces and at the same time, being an example in the construction of a fair scene? How we could, in the free market rules, assist all the people involved in this ecosystem?
Ratings
Clemen Chiang
Ph.D. | CEO | Investor | FinTech in Stocks | Blockchain in Cryptos | Singapore
Rated on Oct 2, 2018
Modified on Oct 2, 2018
Rated on Oct 2, 2018
Modified on Oct 2, 2018
3
3
3
13%
Soft cap 100,000 USD
Hard cap 24,700,000 USD
Soft cap is unrealistic and the team size is too lean to execute the complete business plan.
All the best.
+2Agree
+2
Disagree
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Ong Jun Hao
Founder Of BlockConnectors.io (Top Blockchain Advisory Firm In Asia) | ICO Advisor For Asia Market | Consulted 20+ ICOs | Marketing Expert
Rated on Oct 2, 2018
Rated on Oct 2, 2018
4
3
4
13%
Same as clement, Soft cap is 100,000 USD
Hard cap is 24,700,000 USD. Soft cap seems quite unrealistic and thats because for this project to work, not just platform is needed, marketing is as important as well. This project is decent but soft cap should be adjusted.
+4Agree
+4
Disagree
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Igor MontellaICO team member replied on 9 Nov 2018
Hi Ong Jun Hao,
Thank you very much for your feedback. We have already updated our Soft Cap.
About marketing, we have allocated 25% of our tokens to bring new users and restaurants! So, we are going to use this portion of tokens to gradually grow the use of the platform.
Thank you very much for your feedback. We have already updated our Soft Cap.
About marketing, we have allocated 25% of our tokens to bring new users and restaurants! So, we are going to use this portion of tokens to gradually grow the use of the platform.
Jeremy Khoo
Group CEO | Blockchain Entrepreneur | VeChain ICO Partner | Fund Partner | Exchange Founder | Singapore
Rated on Oct 2, 2018
Rated on Oct 2, 2018
2
4
3
13%
Team is not featured much here. Doesn't seem congruent in terms of their vision (which is big) and the ability to execute (which is very critical). Will monitor for measured progress.
+2Agree
+2
Disagree
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Shohel Alam
Entrepreneur | Data Analyst | Investor Relationship| ICO Marketing & ICO And Blockchain Consultant & Advisor
Rated on Oct 1, 2018
Rated on Oct 1, 2018
2
2
2
12%
Team Looking so small and doesn't have advisory board. Lack experienced team.
They wants to capture global market for growing business but according this Soft cap it's not suitable for this. Open source project sound interesting . Need to improve WP about business planing, marketing planing and token economy.
About mvp I don't find mvp for me it's in concept level .... looking forward to see the mvp and will Change my rating. Best of luck team.
+1Agree
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Igor MontellaICO team member replied on 9 Nov 2018
Hi Shohel,
Thanks for your feedback, it helped us a lot. About the Soft cap, we changed it based on previus feedback. About the business plan, we've made some updates on our WP and about the token economy, you can check the page 31 of our WP. We talk how it will work.
We've also made some progress with our MVP. Please, check this out:
Client APP: https://play.google.com/store/apps/details?id=io.foodnation.client
Restaurant APP: https://restaurant.foodnation.io
We are improving the product in order to start the operation, it's not yet our ideal product, but we are working hard on it.
Thank you very much for your feedback.
Thanks for your feedback, it helped us a lot. About the Soft cap, we changed it based on previus feedback. About the business plan, we've made some updates on our WP and about the token economy, you can check the page 31 of our WP. We talk how it will work.
We've also made some progress with our MVP. Please, check this out:
Client APP: https://play.google.com/store/apps/details?id=io.foodnation.client
Restaurant APP: https://restaurant.foodnation.io
We are improving the product in order to start the operation, it's not yet our ideal product, but we are working hard on it.
Thank you very much for your feedback.
Krutesh Shah
Enterprenuer | CEO | ICO Advisor |Investor | Blockchain Enthusiastic | Public Speaker
Rated on Oct 2, 2018
Rated on Oct 2, 2018
3
3
3
11%
Team is really small, no advisors. MVP is good. There is already big companies with most of the clients already using this apps like JustEat, Uber Eat. The market is very competitive and business needs to spend very huge chunk of investment in marketing this product. This may be very difficult but not impossible. Best of luck team.
+1Agree
+1
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Igor MontellaICO team member replied on 9 Nov 2018
Hi Krutesh,
We understand that we have big competitors to surpass, but right now the online market represents less than 40% of the entire market. So, when you look the reasons for that, you find out that the high fee played by the current marketplaces and lack of transparency impose strong restrictions to some restaurants.
Our goal is to re-segmentate of this existing market by positioning ourselves as a low-cost player. To be this low-cost option, we need to better use our marketing resources, growing in a more viral and sustainable way.
We understand that we have big competitors to surpass, but right now the online market represents less than 40% of the entire market. So, when you look the reasons for that, you find out that the high fee played by the current marketplaces and lack of transparency impose strong restrictions to some restaurants.
Our goal is to re-segmentate of this existing market by positioning ourselves as a low-cost player. To be this low-cost option, we need to better use our marketing resources, growing in a more viral and sustainable way.
Irwin Chee
ICO Advisor | Blockchain Enthusiast | Venture Capitalist
Rated on Oct 1, 2018
Rated on Oct 1, 2018
3
2
2
10%
Vision of the project is idealistic but I fail to see a real business model for this project and does not seem to be able to work very realistically. Would need to see the partners they are working with
+1Agree
+1
Disagree
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Igor MontellaICO team member replied on 9 Nov 2018
Hi Irwin,
Thanks for your feedback, it's very helpful to find gaps on our speech!
We understand that we have a long-term vision, but we will start operating soon... We understand that for generating value and increase the price of the token, we need to bring more restaurants and users and we are focused on it, right now.
About how FoodNation works, please check out the page 31 of our WP (http://bit.ly/FoodNation-WP).
We have also partnered up with the Latoken Exchange (http://bit.ly/2JSb66W)
Thanks for your feedback, it's very helpful to find gaps on our speech!
We understand that we have a long-term vision, but we will start operating soon... We understand that for generating value and increase the price of the token, we need to bring more restaurants and users and we are focused on it, right now.
About how FoodNation works, please check out the page 31 of our WP (http://bit.ly/FoodNation-WP).
We have also partnered up with the Latoken Exchange (http://bit.ly/2JSb66W)
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Press Releases
Team
Apply as an advisorFinancial
Token info
Token
FOOD
Platform
Ethereum
Type
ERC20
PreICO price
1 FOOD = 0.2 USD
Price in ICO
0.5000 USD
Bonus
Nov 05 2018 to Nov 25 2018 - 80%
Nov 26 2018 to Dec 25 2018 - 70%
Dec 25 2018 to Jan 25 2019 - 60%
Mar 01 2019 to Mar 31 2019 - 40%
Apr 01 2019 to Apr 30 2019 - 20%
Nov 26 2018 to Dec 25 2018 - 70%
Dec 25 2018 to Jan 25 2019 - 60%
Mar 01 2019 to Mar 31 2019 - 40%
Apr 01 2019 to Apr 30 2019 - 20%
Tokens for sale
350,000,000
Investment info
Accepting
ETH
Distributed in ICO
35%
Soft cap
1200000 USD
Hard cap
12000000 USD
Milestones
1
Q1 2018
Market research
Business model development
Brand and concept
White Paper conception
2
Q2 2018
Client application flow
Institutional site
Investidor disclosure
3
Q3 2018
Start the token pre sales
Telegram community
Client application alpha version
Restaurant application flow
4
Q4 2018
Finish the token pre sales
Client application beta version
Restaurant application alpha version
Community-only tests
Disclosure for sellers
5
Q1 2019
Start the token sales
Restaurant application beta version
Client application 1.x version
Pilot in city to be defined
6
Q2 2019
Finish the token sales
Relevant exchange listing
Community alpha version
Mainet Switch
Live operation in up to 10 cities
7
Q3 2019
Anti-fraud mechanisms (validators)
Restaurant application 1.x version
Community beta version
Live operation in up to 20 cities
Decentralized search beta version
8
Q4 2019
Community 1.x version
Rating restaurant feature
Partnership with exchange for transparent
payment (credit card)
Chat bot (Whatsapp, Messenger,
WeChat, Telegram, etc)
Live operation in up to 50 cities
9
Q1 2020
Decentralized search 1.x version
Important digital influencers on board
FoodNation world celebrity on board
Live operation in up to 100 cities
10
Q2 2020
Integration with delivery platform
Restaurant promotional control
Live operation in up to 250 cities
11
Q3 2020
FoodNation payment on store
Community take on 100% management control
Live operation in up to 500 cities
12
Q4 2020
Recommendation plates and restaurants
Community take on 100% development control
Live operation in up to 1000 cities