TE FOOD ICO , the world largest publicly accessible , farm to table food traceability system is looking forward to implement a vision of reinventing the food supply market using the blockchain for utmost transparency .
The company has been in existence since 2016 and they have series of customers such as CP GROUP, JAPFA,AUCHAN,SATRA GROUP and many more customers in which TE FOOD provide services for in tracking their farm products.
TE FOOD services is currently used in
3100 farms, 3400 livestock agents, 2600 retailers and markets, 190 wholesale distributors, 70 slaughterhouses,
70 slaughterhouses, 35 food producers, 25 veterinary companies, 30 wholesale markets making it an established business model.
WHAT PROBLEMS ARE THEY TRYING TO SOLVE?
TE FOOD already have a working product (APP) which is used in entering and storing data and a B2C App for customers to access the history of the product using the power of the blockchain.
This helps to create more transparency among the consumers in the industry as customers would know the history of the food they are comsuming.
TE FOOD is a supply chain that has all the information as regards the history of the food item and the supply chain of that item so as to prevent and eradicate distrust among consumers,supply chain companies and authorities.
UTILITY OF THE TOKEN
The token would be used for several use cases, they are ;
consumers would be able to buy quality food and professional services
Rewarding customers for incentivizing consumer behavior
To pay for quality information about the procured goods.
To be able to buy transactions to use the system.
THE TEAM
TE FOOD behind the idea of the company are very experienced and has been in business for quite sometime.
The team is made up of two CEO'S by name
ERIC AROKSZALLASI AND DR TRUNG DAO HA.
The other team members and advisors are experienced in this field and also experienced in the blockchain technology.
THE TOKEN SALE
Token sale starts 22nd of february - 22nd of march
Token total Supply- 1,000,000,000
51% - Token sale (public circulation)
5% - Marketing pool
44% - General reserve
We allocate 49% of the tokens to a general reserve.
Lockout period: Two years lockout by releasing 25% of the reserve after the first year, and the remaining 75% after the second year.
Unsold tokens will be put into the general reserve and will be sold on the TE FOOD Market or during a future token sale until Public token pool reaches 500 million tokens.
Token Price- $0.05
Website- https://ico.tefoodint.com/
Whitepaper- https://ico.tefoodint.com/te-food-white-paper.pdf
Official telegram group- https://t.me/tefood
Accepted payment- ETHERUM
Bonus- 15% bonus in the first week of crowdsale
#Tokensale
#ico
#Te food ico
#knowwhatyoueat
#blockchain
#blockchainforfood
Lots of big names I recognize listed on their website. AEON is huge here in Japan. Lottie is big both in Japan and Korea. BigC supermarkets are everywhere in Thailand. I also see other big Asian names. This could really be huge as a long term hold.
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Sure it can
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Shh, don't tell the Westerners
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