Bitcoin Forum

https://files.foodnation.io/bitcointalk/revenues.png (https://www.foodnation.io/?utm_source=bitcointalk&utm_campaign=product&utm_content=revenue)
https://files.foodnation.io/bitcointalk/players.png (https://www.foodnation.io/?utm_source=bitcointalk&utm_campaign=product&utm_content=players)

An interesting project in food delivery will definitely attract investors interested in joining the FoodNation project... Lots of good information about the market, and they seems to have a good prototype...

Thanks, we are working hard to disrupt the food delivery market!

This looks like an interesting project considering how you guys value the marketing of the project and the community which will believe in you. And only 30% of tokens are allocated for sale. What is your reasoning behind this? Wouldn't you lose your investors trust by giving away almost 40% of the total token supply to the community? How are you going to deal with airdrops? KYC? Or a bounty? The price will dump if the allocation for the community and marketing is that high. Well, I am just looking into how your investors will react on this kind of allocation.

 FoodNation is creating a marketplace for food order by apps with division of efforts for conquer together this billionaire industry. All the partners that are involved in the network could enjoy, in a meritocratic way.

Firstly, thanks for your comment, shinharu10282016. It's a very interesting and important question, it brings good insights to the project!

We did understand your question and we will start by answering about the marketing allocation...  

The token allocated for marketing will be used after the token sale, over the next two to three years, with the clear purpose of adding value to the project. We understand that what adds value to the project are restaurants and end users. So we will gradually use these tokens to attract this audience. As we, founders, have already acted in the order delivery segment and delivery logistics, we know that, to be relevant, the current marketplaces, invest between 25% to 35% in marketing and branding... With this information in hands and looking for the medium-term or even to the long-term, 25% percent invested in marketing will be a strategic to the project increase its operation and consequently the value of the token...

About the community... The token amount allocated to the community will be used to incentivize the development of the project by a decentralized community. So, this fund will be used after the initial product release for ongoing maintenance. There is going to be a community governance where every FoodNation token hodler has a voice and will help to improve the project in many different ways...

We are not doing any kind of airdrops or bounty programs... So investors would not be diluted by any kind of free token give away....

If there is any more question, please comment again in this topic, we will try to answer as far as possible.  ;)

Really an ICO and blockchain tech for such project!! Just another project that can totally be done without blockchain tech and it will not even cost more than couple thousands and of course you guys gonna try to raise millions of dollars for it. In my country, we have a similar project like this and it does not cost me even one cent extra to order my food, they take their profit from merchants not from us and I believe this is how it works worldwide.

Just go take a loan of 100k or kickstart and make your project, You are asking for 10 million for such a project!!

Hi khufuking, the problem we are trying to solve is really what you pointed, they take their profit from merchants... Restaurants worldwide, pays at least 10% of their profits to marketplaces, but there are some marketplaces that charge are more than 20%. Those restaurants are struggling to get more customers and pay all their bills. We aims to be a good alternative worldwide for those restaurants. :)

Hi khufuking, we would like to add other important information to our previous post!

Relevant players in this market, like Just Eat, raised €5Mi in their first investment round... Delivery Hero raised on their first year of operation €15Mi... We think that 10 million is a good goal!

Thanks!

The platform will act as a go-between, between the users and the restaurants. When they place their orders and make payments, the platform will transmit the order details to the nearby restaurants. The restaurant will, therefore, receive the order, act on it, and then deliver the meal that has been requested by the client.

That's right @Goodtea168... The concept is quite simple to understand. The most complex part of the project is the community...

Thanks, Cryptolabdotone!

Crowdfunding period is too long what would happen if you doesn't achieve your soft cap than what future will be of this project. Almost it will take 9 months to get completed and token will remain locked during this phase. I didn't understand why you will take too long time for this?

Hi urayesto, we don't have any ongoing bounty campaing. Feel free to enter on our pre-sale!

Hi Odeoke,

Right now we are running the pre-sale phase. This phase is more like an opportunity for who believes in the project... The token structure is already developed, as you can see on etherscan (https://etherscan.io/token/0xbd2db105b965d74e91deed64ec4b441beab9d498).

The project will continue with or without achieving the soft cap. The current crowdfunding will help us to focus more on the project!

Thanks for this relevant question!

A research of McKinsey (https://www.mckinsey.com/industries/high-tech/our-insights/the-changing-market-for-food-delivery) has found that in mature markets, 26% of delivery orders are made online or by phone. The migration of these models explains the high growing taxes of the segment and the expectative that continues like that for many years. This same research point the margins of the actual players are 40% or 50%, what can be noticed in the balance sheets of those listed on the stock exchange.

FoodNation (https://www.foodnation.io) and the Latoken exchange (https://bit.ly/2ycl7qD) have become partners.

On November 5, FOOD tokens will be available at Latoken exchange, and after the end of Token Sale, they can be traded on this exchange.


https://files.foodnation.io/bitcointalk/la_food.png (https://www.foodnation.io/?utm_source=bitcointalk&utm_campaign=product&utm_content=latoken)

LATOKEN is a rapidly growing crypto exchange focusing on liquidity for new tokens:
●   $30m+ daily turnover
●   More than 80,000 registered traders
●   180+ crypto pairs available for trading

Besides crypto trading, LATOKEN users can participate in selected Tokens Sales at pre-sale and crowdsale stages.

FoodNation Pre Sale relaunch:

https://www.foodnation.io/token-sale

We've posted a new story on Medium (https://medium.com/foodnation/foodnation-token-economy-1a5b2f600c7f). We explain how FOOD tokens will flow on our platform and how they become valuable!

Buy FOOD Tokens (https://wallet.latoken.com/market/ICO/ETH/FOOD-ETH)! 40% Bonus!

The foodnations project is an intermediary project for food. Now my question is, in which countries can use the foodnations application? Has your country implemented this application?

Thanks for your question @douinaho! Any country can use FoodNation, our solution only requires the restaurant to configure their payment processor and the plataform fee is charged in FOOD token, so, any restaurant can start selling food on FoodNation marketplace! We are talking to restaurants in Brazil, the feedbacks are really helpfull!

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.

Hi chon0783,

Thanks for your concern, we agree with you that the market is very competitive, that's why we are trying a more viral approach on marketing!

---

Hello
How can I as an investor profit off of this project?