DinnerfulNetwork ICO the 1st CryptoCurrency for Restaurant with Franchise Rights of Digital Food-truck on Block-Chain
About
DinnerfulNetwork is an order and payment service network connecting worldwide restaurants and catering industry onto blockchain at the crypto-market. MealCoinDinnerful token (MCD) is the first Ethereum-based assets that comply with the ERC20 token standard using Ethereum smart contract for meal service on DinnerfulNetwork. Dinnerful application is the building block and entry point of Dinnerful service at the crypto-market. In addition to use MCD token for meal and other future services, diners can also trade MCD at secondary market for liquidity.
Dinnerful.com is founded in 2015 with $250,000 initial seed round money from 4 private investors/founders. Dinnerful.com started monthly family dinner plan service in Boston Massachusetts in October 2015. Dinnerful is trusted by thousands of loyal customers serving over 80,000 entrees to all Boston families. Dinnerful.com becomes profitable in 1st quarter of 2017.
DinnerfulNetwork has trademarks of 舌尖微信食堂 and 舌尖微信 won over a year-long trademark battle against China Tencent腾讯 Company which owns WeChat & QQ (popular WhatsApp like chat app in China with payment and shopping service integration).
Introduction Video:
https://youtu.be/tcmFeKxlgwwMealCoinDinnerful (MCD) use-cases
• Diners can purchase Try Meal/Monthly Dinner plan through dinnerful.com application at available dinnerful service areas using Crypto Token Assets at a discount price. Diners can trade MCD for liquidity at market immediately after ICO.
• Entrepreneurs (Business) can start catering business operation with Dinnerful Trademark Brands and existing customer base working as partners of dinnerful network.
- Entrepreneurs purchased Trademark license can open and operate under Dinnerful Network with free access to online resources and blockchain payment network.
- Business can join Dinnerful Network as partner to increase customer base and sales revenue and receive online promotion. Business can also access online resources and blockchain payment network. Partner restaurant currently receives additional $10,000 sales in average per month as DinnerfulNetwork partner.
• Brokers (Managers) are community members working on dinnerful network by marketing MCD to new franchise owners and business partners. i.e. Drivers network manager, trademark area owner broker.
- Brokers are community members providing support and executing transactions with potential Dinnerful Franchise owners and restaurant partners. Brokers receive commissions and token rewards from Dinnerful network operation. Current Partner restaurant profit for brokers is at 10-15%.
- Managers are community members in charge of Dinnerful Drivers dispatch and operation using tools to ensure on time delivery. Dinnerful Driver Boston currently earns $20 per hour working flexible days Monday to Friday from 3pm to 6pm. Managers receive commissions and token rewards from Dinnerful network operation.
Advantage
• Peg to dinner Dollar value MealCoinDinnerful Token is pegged to dinner dollar value based on Ethereum market price at ICO. This will serve as a floor to maintain stable token value with physical dinner service.
• Low processing fee banking and credit card fees are high ranging from 3% - 5% or higher plus transaction fees for each charge. Using DinnerfulNetwork Crypto-payment service via ethereum blockchain can achieve extremely lower fees at around 1%.
• Lower operation cost efficient online management using dinnerful network tools and resources eliminate human errors, lower food cost and increase profit margin.
• Brand recognition & Network effect bring in new customer from dinnerful network. Enjoy advertisement campaign package thorough dinnerful network. Full rights to use popular trademark brands (舌尖微信食堂 and 舌尖微信) in authorized service areas.
• Jump start new business start a new franchise business on dinnerfulnetwork utilizing all resources and tools available for a success opening without owning a physical restaurant. Working with established business to enable dinnerful meal service plan by setting up virtual store fronts and receive monthly payout and rewards.
Dinnerful Network order and payment service introduces an emerging new market using crypto assets payment can significantly lower the cost of operation by minimizing service fees through current credit system, enable new customer base, increase sales revenue and improve online order management. The partner network and popular brand loyalty with trademark protection can help new business gain momentum and stand on a solid ground with minimal investment for a better profit margin.
Economics and token
• DinnerfulNetwork uses own token MealCoinDinnerful MCD (ERC20 compatible)
• MCD will have a fixed supply with no inflation mechanism
• MCD value explained:
1) MCD Used purchasing meals with pegged dollar value at ICO price will help stabilize token value and serve as a price floor when Ether price dips.
2) MCD token used by Entrepreneurs, Businesses and brokers will help stimulate token distribution and market flow
3) MCD token franchise owner quarterly balance review will encourage long term holding effect to even further stabilizing Ethereum token market. (*)
Company
• DinnerfulNetwork is an order and MealCoinDinnerful (MCD )payment service network connecting worldwide restaurants and catering industry onto blockchain at the crypto-market. MealCoinDinnerful token (MCD) is the first Ethereum-based assets that comply with the ERC20 token standard using Ethereum smart contract for meal service on DinnerfulNetwork. Dinnerful application is the building block and entry point of Dinnerful service at the crypto-market. In addition to use MCD token for meal and other future services, diners can also trade MCD at secondary market for liquidity.
• Dinnerful.com is founded in 2015 with $250,000 initial seed round money from 4 private investors/founders. Dinnerful.com started monthly family dinner plan service in Boston Massachusetts in October 2015. Dinnerful is trusted by thousands of loyal customers serving over 80,000 entrees to all Boston families. Dinnerful.com becomes profitable in 1st quarter of 2017.
• DinnerfulNetwork has trademarks of 舌尖微信食堂 & 舌尖微信 won over year-long trademark battle against China Tencent腾讯 Company which owns WeChat & QQ (popular WhatsApp like chat app in China with MealCoinDinnerful (MCD) payment and shopping service integration).
• At DinnerfulNetwork, we strive to offer the user access to as large as possible a range of blockchain meal catering services as well as other future “real world” services at a maximum degree of convenience, while adhering to the highest standards in the ecosystem.
Team
The current team has 6 people: CEO and COO who are also the two co-founders, two engineers, a Director of Engineering and a designer. The two engineers have solid technical experience. Mr. MO, Dinnerful founder and CEO, has background in application security and identity management industry and once owned and managed several restaurants before receiving Master of computer science degree from University of Houston Clear Lake in 2008. Mr. Mo is a serial entrepreneur established Social Ad Platform in China in 2011 and Dinnerful at 2015. COO and co-founder Michael Wan has background in government relations and business management. Mr. Won has successfully completed several business mergers with early stage internet tourism companies and luxury jewelry retail fronts. Basing on the information openly available, MealCoinDinnerful (MCD) Token is the first on blockchain used for actual meal service.
ICO instruction video:
https://youtu.be/zEUWpowrU_kICO
- • Starts on 9 AM New York Time on October 05th, 2017 and will last 2 weeks or until the hard cap of $8M is reached
• A Pre-Sale to early ICO participants with contribution limits is held throughout 9 AM New York Time from Sep. 18– October 3rd, 2017
• Token offered for sale: MealCoinDinnerful Token (MCD)
- Issued on the Ethereum blockchain, ERC20 compatible
- A total of 10 million MCD tokens will be issued, a maximum of 8 million MCD (80%) will be sold - The total maximum supply of MealCoinDinnerful Token (MCD) is set to 10 million with no inflation mechanism
• Cap for individual contributions:
- Will be determined prior to ICO based on the total number of registrants for ICO
• Contributions accepted in ETH
• Token price for ICO: 1 ETH = 250 MCD
ICO Contribution Price List:
Partners & Customers Contributing with Meals:
(* Unavailable meal service areas can choose same value meal equivalent service offers with shipping on the website)
- 0.10 ETH = 25 MCD One family dinner
0.20 ETH = 50 MCD Two family dinner
0.30 ETH = 75 MCD Three family dinner
0.30 ETH = 100 MCD Four family dinner
0.50 ETH = 125 MCD Five family dinner
1 .0 ETH = 250 MCD Ten family dinner
5.0 ETH = 1250 MCD Fifty family dinner
10.0 ETH = 2500 MCD 100 family dinner
20.0 ETH = 5000 MCD Driver / Managers Partners
25.0 ETH = 6250 MCD Restaurant Partners
Contribute with Exclusive Franchise rights:
(* all contribution used working with Franchise company to set up for operation per on franchise planning calendar)
United States:
- Boston-Cambridge-Newton Area Exclusive
800.1 ETH = 200,025 MCD (Not Available)
New York-Newark-Jersey City Mid-Atlantic Area Exclusive 700.1 ETH = 175,025 MCD
Los Angeles-Long Beach-Anaheim
Area Exclusive 600.1 ETH = 150,025 MCD
San Francisco-Oakland-Hayward Area Exclusive 580.1 ETH = 145,025 MCD
San Jose-Sunnyvale-Santa Clara Area Exclusive 560.1 ETH = 140,025 MCD
Washington-Arlington-Alexandria South Atlantic Area Exclusive 540.1 ETH = 135,025 MCD
Houston-The Woodlands-Sugar Land
West South Central
Area Exclusive 520.1 ETH = 130,025 MCD
Seattle-Tacoma-Bellevue Pacific
Area Exclusive
500.1 ETH = 125,025 MCD
Chicago-Naperville-Elgin East North Central
Area Exclusive
480.1 ETH = 120,025 MCD
Philadelphia-Camden-Wilmington Mid-Atlantic Area Exclusive
460.1 ETH = 115,025 MCD
Sacramento-Roseville-Arden-Arcade
Area Exclusive 440.1 ETH = 110,025 MCD
Dallas-Fort Worth-Arlington West South Central Area Exclusive 420.1 ETH = 105,025 MCD
San Diego-
Carlsbad Pacific
Area Exclusive 400.1 ETH = 100,025 MCD
Urban Honolulu
Area Exclusive 380.1 ETH = 95,025 MCD
Riverside-San Bernardino-Ontario
Pacific Area Exclusive 360.1 ETH = 90,025 MCD
Atlanta-Sandy Springs-Roswell
Area Exclusive 340.1 ETH = 85,025 MCD
Miami-Fort Lauderdale-West Palm Beach
Area Exclusive 320.1 ETH = 80,025 MCD
Portland-Vancouver-Hillsboro
Area Exclusive
300.1 ETH = 75,025 MCD
Las Vegas-Henderson-Paradise
Area Exclusive
280.1 ETH =70,025 MCD
Phoenix-Mesa-Scottsdale Mountain
Area Exclusive
260.1 ETH = 65,025 MCD
Minneapolis-St. Paul-Bloomington
Area Exclusive 240.1 ETH = 60,025 MCD
Austin-Round Rock West South Central
Area Exclusive 220.1 ETH = 55,025 MCD
Baltimore-Columbia-Towson South Atlantic
Area Exclusive 200.1 ETH = 50,025 MCD
Detroit-Warren-Dearborn East
North Central
Area Exclusive 180.1 ETH = 45,025 MCD
Other Regions: (* open after US market operational, trading only before opened)
- Canada Region Exclusive 2200.2 ETH = 500,050 MCD
Australia
Region Exclusive 2000.2 ETH = 475,050 MCD
France Region Exclusive 1800.2 ETH = 450,050 MCD
Japan Region
Exclusive 1700.2 ETH = 425,050 MCD
United Kingdom
Region Exclusive 1600.2 ETH = 400,050 MCD
South Africa
Region Exclusive 1500.2 ETH = 375,050 MCD
Italy Region Exclusive 1400.2 ETH = 350,050 MCD
Germany
Region Exclusive 1300.2 ETH = 325,050 MCD
New Zealand
Region Exclusive 1200.2 ETH = 300,050 MCD
Spain Region Exclusive 1100.2 ETH = 275,050 MCD
Denmark Region Exclusive
1000.2 ETH = 250,050 MCD
Belgium Region Exclusive
900.2 ETH = 225,050 MCD
• Bonus staging: no
• Liquidity: immediately after ICO
• ICO instructions on how to contribute:
Be aware of scams!!! Do not send from exchange wallet address.
Only Send Ether to:
#1. DinnerfulNetwork.eth (Outside of China)
#2. DianPing.eth (Within China only)
MealCoinDinneful (MCD) token will be distributed within 7 days after ICO ends and can be traded on exchange immediately after ICO.
• ICO webpage:
https://dinnerfulnetwork.com• Terms of Sale:
https://www.dinnerfulnetwork.com/content/terms-and-conditions.pdfToken distribution
- • Total token supply: 10,000,000 MCD, fixed Token distribution
• 50% Develop and Deploy MealCoinDinnerful Token payment network
- Used to finance development of MealCoinDinnerful (MCD) token network
- Used to finance deployment of MealCoinDinnerful (MCD) token network
- Providing capital to selected high potential talents to grow Dinnerful network ecosystem; investing in business partnerships and manager broker networks.
• 30% Creating Worldwide DinnerfulNetwork Market
- Used to finance targeted operational markets
- Includes incentives to stimulate mass adoption of MealCoinDinnerful MCD tokens in all markets
• 10% Partner Excellence Rewards
- Include rewards to attract new comers to join and contribute to Dinnerful Network ecosystem
- Build goal driven partners’ network to aggressively reach more markets and revenue
- Enhance a profit sharing culture to create role models and generate new prospects
• 10% Founding team
- Founding team’s allocation will vest over a five year vesting schedule with a one year cliff; 20% will be released each subsequent year in monthly installments
Use of proceeds
The team will spend the entire funds raised developing and deploying worldwide DinnerfulNetwork and support partner operations to promote massive use of MealCoinDinnerful Token for meal services and more other future services deem suitable for the DinnefulNetwork ecosystem.
Summary
• Dinnerfulnetwork order and payment service targets an emerging market connecting physical restaurants and catering services to the blockchain via ERC20 compatible MealCoinDinnerful Token.
• DinnerfulNetwork intends to bring worldwide restaurants into the new crypto market through our tokens and customer base to establish a new model of profit sharing and mutual incentives.
• DinnerfulNetwork strives to offer the user access to as large as possible a range of blockchain meal catering services as well as other future “real world” services at a maximum degree of convenience, while adhering to the highest standards in the ecosystem.
• DinnerfulNetwork ICO contributors receive meal service or exclusive franchise representation in corresponding area/regions. Meal contributors have option to receive equal value of service offers available on website in areas where dinner service not available.
• MealCoinDinnerful (MCD) Token will be used to purchase meals and other available services in operational areas/regions.
• Pre-Sale for ICO started Aug 28, 2017 and is on a first come first serve bases with minimum investment floor. If Pre-Sale reaches the hard cap of $8M in ETH, ICO will end.
• The targeted $8M should cover the first five years of development
Useful links
For more details on the project check the project’s website, whitepaper or join their Slack.
Trademark舌尖微信食堂
http://tsdr.uspto.gov/#caseNumber=86915080&caseSearchType=US_APPLICATION&caseType=DEFAULT&searchType=statusSearchTrademark舌尖微信
http://tsdr.uspto.gov/#caseNumber=86915082&caseSearchType=US_APPLICATION&caseType=DEFAULT&searchType=statusSearch(*) Trademark rights and franchise store owners/managers are required to maintain 50% minimum amount of tokens requirement as described during ICO. If token amount requirement not met in quarter review, franchise store owners/managers will lose its status and cease operation.
(*) Contributor receives family dinner in available service areas, currently only in Boston Massachusetts USA. Contributor may choose other alternative offers available on Dinnerful.com with shipping included.
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