Fr8 Network (Fr8token) - ICO Details
Fr8 Network ICO Summary
Fr8 Network is bringing blockchain solution in the Commerce & Advertising industry.
Their initial coin offering will be held from April 16, 2019 and investors will be able to buy it until May 22, 2019.
A total of 0 Fr8token will be created and 100,000,000 will be available during the coin offering.
Fr8token sale will be considered successful if their softcap of 0(USD) is reached. Please keep in mind that the sale could end before May 22, 2019 if the hardcap of 1,000,000(USD) is reached.
During Fr8 Network ICO, investors will be able to buy Fr8token at 0.15 USD per Coin/Token.
Get all the details about Fr8 Network below and on Fr8 Network Official ICO website
Fr8 Network Project Info
The $700B US trucking industry is the backbone of American commerce with 80% of all cargo transported overland by trucks, yet it is plagued with inefficiency and ultimately controlled by a bloated intermediary brokerage system whose incentives are not aligned with the true stakeholders.
Imagine forming a blockchain platform bringing together shippers, carriers, truckers and brokers where they can place and track orders, assess performance records, compare pricing and extend credit. Add in a set of decentralized applications (DApps) linking up these stakeholders–and a new digital token speeding their transactions–and you could cut billions of dollars in inefficiencies from the $700 billion-dollar-a-year trucking industry.
That is the vision of Fr8 Network, a newly formed upstart that aims to take the pain out of shipping by targeting, in particular, the $66 billion a year in fees exacted by some 16,000 middleman brokerages. Some key points:
· Potential savings are huge. Trucks travel an astounding 29.6 billion miles every year only partially loaded or entirely empty–a waste of capacity even as businesses struggle with a shortage of drivers.
· Cut that unused capacity in half, and we could save $30 billion a year in fuel costs and reduce carbon emissions from trucks by 100 million tons per year, 20% of their total carbon output.
· By matching customers to and carriers online, the industry could sidestep broker fees that pose up to 20% of the cost of shipping goods; cut fees in half and the industry saves some $30 billion.
Fr8 Network Stage Details
|Token for sale||100,000,000|
|Token Price||0.15 USD|
Project initiated.May, 2017
Proof of Initial Thesis - Direct carrier negotiation netted an 18% discount overnight, proving we didn’t need brokerages to drive deep savings.July, 2017
1st Carrier Customers Onboarded - (Fr8 National Carrier Network). 8 regional carriers (complete lower 48 coverage). 500 independent carriers.August, 2017
1st Shipper Customers Onboarded - (Fr8 National Shipper Network). Lewisco Holdings commits to ship $5m through Fr8 Market.September, 2017
Blockdaemon Partnership announced. Fr8 Fair Trade Consortium Launch. MVP Launch.Q1, 2018
Development Begins on Added Value Products & Services. Fr8 Market Expansion (USA only).Q2, 2018