Seaborne and transport trading is noted to be one of the best forms of trade. However, these forms of trade are faced with several challenges. Issues such as a higher incidence of fraud, costs, delays, trust and unsafe archiving, pose lots of threats to this form of lucrative business. As most people say, everything has an end, CargoCoin is the ultimate solution for these problems. Isn’t it amazing!!!!
CargoCoin, the ultimate saviour in this trade, is a U.K based ICO project that uses cryptocurrency in the world of trade and transport to make trading smooth and easier for traders, freight forwarders, shipping lines, booking agents as well as all other parties involved in the international trade and transport of commodities and cargoes. CargoCoin is based on the newest ERC223 token. A standard, that allows a more advanced, precise and universal handling of smart contracts, required for the project while avoiding potential token traps.
Why CargoCoin?
CargoCoin aims to establish a free global marketplace for trade & transport, through blockchain, smart contracts. The Cargo platform ultimately aims to enhance the rise of the Cargo Coin token value by generating a wide user base on the free of charge services section of the platform and the introduction of smart contracts for users to create demand for the Cargo Coin tokens which will further increase the value of the coins.
Cargo Platform
The Cargo platform has been presented in several stages that will incorporate smart contracts in various fields. The platforms have been presented under the following 1. Shipping platform – A platform that will connect importers, exporters, freight forwarders, booking agents, ship brokers, ship owners, etc. into a single unified marketplace.
- Inland platform – development of the global inland transport platform, utilising Smart Contracts. The inland platform will cover all ground based transport, such as trucks, railroad, pipes, etc.
- Cargo all-purpose platform – The development of a marketplace, utilising Smart Contracts, allowing manufacturers to showcase their produce and connect them directly with customers, through an established link to the ship and inland transport platforms.
- Air cargo platform – Development of air cargo transport, utilising Smart Contracts, including cargo planes, cargo choppers and drones.
The CargoCoin Ecosystem
CargoCoin is set to create a circle that encapsulates all types of transport and cargoes into a single platform and then connect it to the traders of goods. The CargoCoin platform has two core areas which are Services and Utilities. The ecosystem extends globally to any trading company or individual, shipping line, freight forwarder, ship broker and other parties involved in the global trade and transport. View Here to know more about the Cargocoin Platform
Benefits of using the Cargocoin
• Eliminates fraud risk through the introduction and implementation of the Smart B/L
• Eliminates bank failure or delay risk as the block chain by default cannot bankrupt and payment cannot be controlled, provided that pre-set smart contract conditions are met.
• Eliminates Insolvency risk
• Cost saving since banks charge high taxes and percentage fees.
• It is quick to set it up because counterparties agree on terms on the CargoCoin platform and confirm them. (Time-saving).
• Instant funds release and receipt upon meeting the pre-set conditions
• Confidential, since the Smart L/C is based on Block Chain Crypto security and as such, only authorized personnel from both parties to have access to the complete trade terms and condition.
• It is flexible.
Initial Coin Offering
The name of the coin which will be used on the platform is the CargoCoin, designated with the symbol CRGO. The ICO will be broken down into two stages – pre-ICO and an actual ICO.
View Here for more
Token Distribution
CargoCoin will be distributed as follows:
➢ 10% pre-ICO (soft cap);
➢ 55% ICO (hard cap);
➢ 15% distributed towards the team and advisers. Available after up to 6 months following the successful completion of the ICO.
➢ 10% bounty & affiliate program
➢ 10% reserved for exchanges liquidity, etc.
Bounty/affiliate program
CargoCoin has allocated 10% of the tokens (10 mln. tokens) to its bounty/affiliate program, divided as follows: 3 mln. tokens for the bounty hunter campaign and 7 mln. tokens for the affiliate/referral program.
You can sign up as a bounty hunter at the following address: link and address
Roadmap
The CargoCoin road map is based on its full cycle of preparation, development, implementation and marketing.
Team and Advisors
The team consists of highly motivated and qualified members, with experience in the relevant field. Most of the team members know each other from other current and past projects. The members are carefully selected in order to successfully unfold the full potential of the CargoCoin project. View Here for more info on team members.
Visit the following link addresses to know more about Cargocoin
Website
Whitepaper
Facebook page Twitter
Bitcointalk ANN
Bitcointalk BOUNTY
Authorship
Bitcointalk username: Esiduf222
Bitcointalk profile link
Affiliate address
Nice review of the project. wish a good luck