Cargocoin (CRGO Token) ICO Review — For Smart Investors

Hi peeps

I’m here to tell you about CargoCoin. If you haven’t heard of it already, CargoCoin will revolutionize the Trading/Logistics/Haulage/Transportation Industry using blockchain and digital currency, which in turn further fuels the growth of the Trading/Logistics/Haulage/Transportation, cryptocurrency and blockchain industry as a whole. CargoCoin is designed to be a smart contract & crypto currency platform, decentralising global trade and transport. The eco-system will be facilitating and optimising the interaction amongst traders, freight forwarders, ship owners, booking agents and other parties involved in the international trade and transport of commodities and cargoes. To me, it’s the millennium generation solution to connect the Trading/Logistics/Haulage/Transportation world to blockchain and cryptocurrency.

Using the CargoCoin Platform, users have the opportunity to experience a well-balanced eco-system based on cutting edge crypto security and frictionless interactions.

The team is absolutely amazing and they have been working on CargoCoin as a whole for sometimes now. I have tracked the records of various members of the team and I can say that they are incredibly professional.

I personally have done a lot of digging on CargoCoin and I am yet to find any major red flag that would make me give up on investing in their ICO. Knowing how much the core members of the team have sacrificed to build everything from the ground up gives me more hope about the company as a whole.
CargoCoin group, completely, every one of its representatives work for the advantage of the organization and are constantly prepared to help in any matter. If there are any doubts or questions, you can always contact support — technical support is ready to help at any time. They are dependably in touch and don’t dismiss any issue. For sure, at the present moment when we are discussing ICO ventures this reality is very crucial.
All models made by the CargoCoin advancement group are freely accessible, at the present time you can acclimate yourself with and experiment with this platform.
CargoCoin takes an interest in each conceivable crypto, blocking gatherings, and finish up genuine contracts.

Let’s talk about their product and what kind of Solutions they provide.

As earlier said, CargoCoin is designed to be a smart contract & crypto currency platform, decentralising global trade and transport.

The full scale scope of the project extends to all transport areas — shipping industry (containers, bulk, break bulk, liquid bulk), inland transport (trucks, railways), air cargo (transport by planes, drones, etc.), other types of transport, including, but not limited to: pipeline transport, space cargo, intercity and outer city shared rides.

CargoCoin aims to provide environment and tools for flawless exchange of trade & cargo documents and payment options at low cost in real time. The platform infrastructure is based on the principles of high level of security, transparency, traceability and accountability.

Why blockchain?

A blockchain is a special type of data structure (ie a database), in which the data is set out and built up in successive blocks. Each of the blocks of data includes a small piece of data that verifies the content of the previous block. As a result, if an attempt is made to modify an earlier block in the chain, all of the later blocks cease to match up. Imagine that the database looks like a tower of Lego pieces which follow a particular sequence red-green-green-blue-yellow-red. If a change is made to the second block, the rest of the sequence upwards from the second block will change and become, say, red-black-brown-orange-purple-pink. The system that maintains the blockchain will be able to detect and reject the attempted modification, and this is what makes the blockchain tamper-proof, in other word, secured.

Blockchain technology is widely used in CargoCoin business processes which makes it impossible to substitute or lose financial data.
Using Smart contracts makes CargoCoin a reliable and impartial guarantor of fulfilling obligations to users of the system.

The CargoCoin blockchain technology delivers revolution to the trade & transport by fostering optimisation. CargoCoin solves a number of problems in the shipping industry:

1. Reducing fraud

2. Lowering Cost

3. Minimising delay

4. Increasing Trust

5. Securing Information

6. Safe archiving

CargoCoin is designed to utilize the platforms, both as a secure transfer and storage method by the means of smart contracts, as well as a payment unit for transport services and cargoes. The CargoCoin concept fully unleashes the potential of crypto currencies to act, not just as a means of payment and store of value, but also as an interactive way of sending, receiving, approving, rejecting and signing documents through the process.

ICO and Cryptocurrency

ICO is crowdfunding via use of cryptocurrency, which can be a source of capital for startup or existing companies. In an ICO a percentage of the newly issued cryptocurrency is sold to investors in exchange for legal tender or other cryptocurrencies such as Bitcoin.

Why you should invest on Early Stage

Early stage and existing companies might worth extremely low and have huge potential to fast growing. Smart startup companies today can scale up hundreds of time faster than they could just a few years back. There’s never been better time to invest. This opportunity now available not only for venture capital or institutional investors, but for retail investors and for you too.

CRGO Tokens:

CRGO Tokens is a valuable digital asset, which will be used on CargoCoin platform and at the biggest crypto currency markets. With the help of ICO CargoCoin plans to attract the investment resources at a wide range. As suppose, the token sale will be interesting for the owners of digital assets, who would like to transfer them into the more secured investment tool and not to tremble anytime they hear the news about the possible Bitcoin rate falling.

CRGO token will be based on the newest ERC223 token standard as it will be available in the very near future, which has major improvements compared to the ERC20 token standard. The ERC223 allows for more advanced, precise and universal handling of smart contracts, required for the project, while at the same time avoiding potential token traps. The issued tokens will fully act as smart contracts programmed in Solidity and available as open source for everyone to review and inspect the code, thus serving all purposes of the project simultaneously.

In other to participate in the ICO, follow these steps below:

Purchase the tokens: CargoCoin will issue a number of CRGO tokens during the ICO.
Receive dividend payments: As a token holder, you have the right to receive payments equivalent to shareholder dividends.
Convert your tokens into shares: As a token holder, you also have the right to convert your tokens into Ordinary Shares
The funds raised will be used for development and gradual implementation of the platform and crypto currencies worldwide, across the transport of cargo and passenger industries. The initial coin offering (ICO) will allow for a wide range of interested parties to participate and support the platform and the tokens.

ICO Details:

The main ICO began on April 1, 2018 and will end on May 15, 2018. With the token price of $1, Soft Cap of 5,000 000 USD and Hard Cap of 55,000 000USD

Token Details:

Token: CargoCoin

Price: 1 CRGO = 1 USD

Platform: Ethereum

Accepting: ETH, BTC, LTC, Fiat

Minimum investment: 50 USD

Soft cap: 5,000,000 USD

Hard cap: 55,000,000 USD

Whitelist/KYC: KYC

FUND UTILISATION

Research & Development: 30%
Marketing & Sales: 50%
Administrative: 10%
Legal: 3%
Exchange listing: 7%
ICO FUND DISTRIBUTION

pre-ICO: 10%
ICO: 55%
Team: 15%
Bounty & affiliates: 10%
Reserve: 10%
For More Info:

Website: https://thecargocoin.com/b00437

Telegram: http://t.me/thecargocoingroup

Facebook: https://www.facebook.com/thecargocoin/

Twitter: https://twitter.com/thecargocoin

LinkedIn: https://www.linkedin.com/company/cargocoin/

Reddit: https://www.reddit.com/user/thecargocoin

YouTube: https://www.youtube.com/channel/UCH6E328MCvBIKeHe71Yf16A

Author: Thegracey

BTT Profile URL: https://bitcointalk.org/index.php?action=profile;u=2073243

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thegrace

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Comments: 0Publics: 73Registration: 28-04-2018
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