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Hi, as I understand it, you don't have any competitors at the moment, right? I hope we will see several companies that will want to cooperate with you. So, it will attract the attention of many other manufacturers.
Actually, we have Vechain.com as our main competitors. They have done an ICO in August 2017. They are currently valued at $2 Billion marketcap. And, their NFC tag is easily duplicated which defeats the purpose of using a tag. Bonafi's Crypto-Tag TM is cryptographically protected against unauthorized duplication. So, its authenticity is more secure. |
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I read in the white paper about standardization and more importantly about certification of layer for unique assets. Can u give me more details on that?
As for standardization and certification of layer for unique assets, I am not sure if these are from the Bonafi white paper. |
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Tell me, how much money do you want to raise for a full-fledged system?
Will there be someone else who has such a technology for creating crypto tags?
Bonafi's ICO details are currently being reviewed by the authorities. We will announce the financial details in 2 weeks. Stay tuned!! |
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Are you planning to launch a bonus campaign? Is there an Airdrop?
With the U.S. SEC rules, we are only allowed AirDrops or Bounty without any work required. We would have to literally drop it from the air with no instructions. Any ideas??? |
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Do we need to pass the KYC to participate in the investment?
Yes. KYC and AML will be required. There will be other constraints per the specifications of the U.S. SEC rules. |
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I'm impressed with this project more and more. Tell me, will you add more information in white paper later?
After approval from the U.S. Security Exchange Commission, Bonafi will update the white paper to reflect the changes on the token offerings as approved. |
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Tell me, how many tokens will be released? Will the tokens we spend return to you? Or will you need to do new ones?
Good question. What will happen to spent coins? Or will you sell these coins again? Bonafi plans to burn the spent coins. We believe that there will be enough in reserve to supply the world's demand in the future. |
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Good project, I want to invest, but so far the minimum amount for investment is unknown.
usually pre-sale is closed, with maximum bonuses, but the minimum amount for participation is 10 thousand dollars or more ... Bonafi will make an announcement in 2 weeks about the details of the ICO. Bonafi is currently working with the U.S. Security Exchange Commission for an approval. Stay tuned!!! |
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I think this should be of interest to a large number of manufacturers, because counterfeit goods, not only that of poor quality, also take away the net profit from the real manufacturer.
It's true. However, many people will be against such innovations, if from the market disappear cheap goods, similar to the real ones. Well, there will always be a market for counterfeited goods and low cost items due to a demand. But, for those who want to know the authenticity, Bonafi has a solution. |
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So, it works like this: - 1. Bonafi sells the Crypto-TagTM to brands and manufacturers. When the manufacturer buys the tags, they also buy the tokens.
- 2. Manufacturer inserts the tag in their products, and the supply chain information is recorded on the blockchain
- 3. The consumers purchase the products and download the mobile phone App to scan the product
- 4. When the owner registrations or user feedback reviews are sent by the consumers, the manufacturer would send tokens to reward this engagement with the customer.
It looks very interesting. What if the manufacturer doesn't send the tokens? What obliges them to do this? The tokens are needed to turn on the mobile phone App to authenticate products. If the manufacturer does not send the tokens, then the systems would not work very well. At the worst case, consumers would have to buy the tokens to authenticate the goods. However, if the manufacturer is buying the tags, then they would be motivated to engage with the customers through the rewards system. |
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Excellent system for creating supply and demand. So, I need to buy the goods and use the application? I'll spend my tokens, but for the feedback on work, you compensate for a certain number of tokens, right?
Right, the manufacturers would be motivated to receive the feedback reviews and post it on their sites. The manufacturers would be sending the tokens as rewards. Tell me, where will the manufacturers take the tokens? It's like some kind of closed eco-sphere ... So, it works like this: - 1. Bonafi sells the Crypto-TagTM to brands and manufacturers. When the manufacturer buys the tags, they also buy the tokens.
- 2. Manufacturer inserts the tag in their products, and the supply chain information is recorded on the blockchain
- 3. The consumers purchase the products and download the mobile phone App to scan the product
- 4. When the owner registrations or user feedback reviews are sent by the consumers, the manufacturer would send tokens to reward this engagement with the customer.
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Excellent system for creating supply and demand. So, I need to buy the goods and use the application? I'll spend my tokens, but for the feedback on work, you compensate for a certain number of tokens, right?
Right, the manufacturers would be motivated to receive the feedback reviews and post it on their sites. The manufacturers would be sending the tokens as rewards. |
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Dates of pre-sale and the main sale?
What are the soft and hard cap?
What is the cost of the token? What currencies will you accept?
Here's information from ICOBench: PRE-ICO TIME 2018.09.10 - 2018.09.30 ICO TIME 2018.10.15 - 2018.11.12 We are currently working with the U.S. Security Exchange Commission to the conditions of the sale. We will be making an announcement soon. Stay tuned!!! |
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There are times when we need to order for goods online. Usually the cost of returning products one is not satisfied with is very high. How do you intend to enable customers to verify the authenticity of the products online?
Similar concept is applied to protect online buyers to show authenticity of the goods. More will be published next week. Stay tuned!!! |
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www.bonafi.io is on a mission to defend all brands and retailers big and small, and protect consumers from counterfeits by implementing a fail-safe authentication system using blockchain technology and cryptography enabled NFC tag, Crypto-Tag TM. PROBLEM: According to International Chamber of Commerce and a study done by Frontier Economics, it was estimated that the total global economic value of counterfeit and pirated goods was projected to be almost $1.8 Trillion by 2015. TOTAL ADDRESSABLE MARKET SIZE: USD $600 Billion Annually according to Netnames report 2016. SOLUTION: - Crypto-Tag™ - Our Crypto-Tag™ does not run on battery. Once scanned by an NFC enabled mobile device, power is sent through the air and the Crypto-Tag™ will automatically authenticate the product.
- Mobile Application - The mobile application will be used by brands, retailers, and consumers to communicate with the Crypto-Tag™ and add additional data onto the blockchain.
- Blockchain - Genuine data for each individual item and the journey through the supply chain will be permanently recorded on the Blockchain, allowing anyone to verify the authenticity of the products.
- Tokens by Rewards- Manufacturers send tokens to reward the consumers who wishes to provide user reviews and feedback. This creates token demand and supply.
TEAM: - Steve Kuh - Founder and CEO, Former CEO of IT technology firm in Digital Television for 22 years in Los Angeles.
- Dr. BM Lee - CTO/Korea, Former Founder of Tinnos Korea, 12 yrs, a manufacturer of automotive products for major Korean automotive company
- Abraham Kim- CMO, Digital PR and Marketing in fashion Industry.
- Daniel Kuh- Director of Arts, mobile App
- JJ Lee- Apps Developer, Adroid
- JS Lee- RF Antenna Engineer
- Lora Alexander- SEC Legal Counsel
- Craig Clayton- CFO Consultant
- Simon Cocking- Advisor, Senior Editor Irish Tech News
- David Drake- Advisor, Chairman LDJ Capital
- Joe Rubin- Advisor, VC
- Rachael McCrary- Advisor, Fashion Industry
- Roberto Mandrano- Advisor, Supply Chain and Corporate Operations
FINANCIALS: To be disclosed upon approval by the United States Security Exchange Commission BASED: Los Angeles, CA, USA
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