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Author Topic: TEU – the shipping crypto currency - bounty announced  (Read 9559 times)
300cubits
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TEU - bitcoin for shipping


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August 01, 2017, 04:18:57 AM
 #1



TEU Initial Token Sale

Ethereum Token
Name: 20-footEqvUnit
Symbol: TEU
Standard: ERC20 Compliant, 18 Decimal Places
Token ENS Address: TEUtoken.eth
Total Supply: 100,000,000 TEU
TEU Token for sale in ICO: 18% of Total Supply
ICO ENS Address: TEUsale.eth
ICO Period: To be Announced
TEU token is not securities. (as advised by King & Wood Mallesons)

Distribution of Token:
Pre-ICO/ITS: 2%
ICO/ITS: 18%
Second Token Sale: 20.00%
Free Distribution to Shipping Industry Adoption & Development: 54.00% (according to market share and selling restriction of at least 2 years)
Founding Team: 6.00% (lock up for 2 years starting from 16-Aug-2017)

The Whitepaper: click here

Bounty & Ambassador Campaign:
https://300cubits.tech/pdf/bounty.pdf Bounty tokens distributed on 5-Oct.

TEU Value Creation:
Long term, we see the TEU tokens may become a de facto settlement crypto currency in container shipping, much like US Dollars.




$23bn Pain point to resolve:
300cubits uses Ethereum to tackle problems in container shipping. Container shipping industry is a $150bn industry but in constant distress since 2008. Unlike ticket booking in airlines, customers in container shipping does not bear any consequences for not showing up for bookings. The estimated "ghost booking" pain point costs the industry $23bn per year. Industry people complain the lack of trust between liners and customers. However, we think the trust-free nature of Ethereum is a perfect solution for container shipping needs.  

System Architecture:
We will develop a 3-layer 4-module TEU Ecosystem as follows.  



What make us different:
We provide solution for real world problem by connecting crypto world to the real world.  The team has combined 50-year experience in shipping industry, shipping analytics, fiat currencies, programming and system / organization build-up.  

Summary in other Languages:
https://300cubits.tech/pdf/300cubits_Russian.pdf
https://300cubits.tech/pdf/300cubits_Korean.pdf

Social Media Channels:
https://github.com/300cubits
https://medium.com/@300cubits
https://twitter.com/300cubits_tech
https://www.facebook.com/300cubits.tech
https://t.me/joinchat/AaMgCUOalqnIbMBmVxzcQw

TEU - bitcoin for shipping
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August 01, 2017, 04:21:32 AM
 #2


I want to support this project by promoting on social media pages so when will be the lauch of bounty campaigns? I'll keep an eye on this program because I know this would be successful.
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August 01, 2017, 04:28:19 AM
 #3

bounty program is in our WIP list.  Thanks following us. 

TEU - bitcoin for shipping
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August 01, 2017, 04:51:07 AM
 #4

what is youre project ?
and why ico selling only use 20% from total suply
so what is use 80 millon coin (80%)

                                   
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.✫ Forex in crypto for everyone ✫.
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August 01, 2017, 05:34:06 AM
 #5

we need pic dev, you can clear your project with pic not just word , people maybe will support you if your coin have a potential

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princehandsome
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August 01, 2017, 05:36:46 AM
 #6

Interesting project and i am would like waiting more information about this new ICO.
are you sure will make this project will be success dev?
if want. i am want to participate on your projects.
let's see development new this ICO on date 16 august 2017.

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August 01, 2017, 05:45:30 AM
 #7

no bounties?? may be for logo design?? Grin Grin Grin

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August 01, 2017, 06:07:26 AM
 #8

Has 50 years experience in the shipping industry?
Kai-Lung Hui is a chair professor in the Department of Information Systems
David has over 20 years of experiences in managing private equity and infrastructure investment funds,
Violet Gu has over 9 years of experience working in the financial industry
Jonathan Lee is a Banking and Finance professional who spent over 20 years of his career with private
Johnson came from a traditional shipping background where Maersk Line in Denmark, Brazil and China
Visible from a team background no one has 50 years of experience in the shipping industry Huh

Indorse | Decentralized Professional Network on Ethereum Blockchain
▬     Token Sale  [ August 8th, 2017 ]     
ANN | Twitter | Slack | Telegram | Whitepaper | Facebook
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August 01, 2017, 06:32:52 AM
 #9

hello Dev,
" Total Supply: 100,000,000 TEU
TEU Pool for ICO: 20% of Total Supply"
I have a quick question:
 total token left 80%
How do you distribute it?
thanks in advance  Wink
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August 01, 2017, 06:47:54 AM
 #10

Thank you very much for the overwhelming responses.  I've added the token distribution in the original post.  In order to have an altcoin to succeed, adoption and media attention is the most important elements.  Our mission is to enable crypto in the real world.  Shipping is a relative conservative industry and bitcoin, ether, altcoins and token are complete strangers to them.  Thus, we will distribute the majority portion of the token to the industrial practitioners for free for their early adoption.

Imagine on their day-to-day life in future that they have a de facto crypto coin called TEU for them.  btw, TEU is a jargon of the shipping industry and they must be very much enjoying have one crypto coin for them. 

https://en.wikipedia.org/wiki/Twenty-foot_equivalent_unit

As for the credential of the team, the diversity of team will guarantee the success of the projects. 

Coz I'm a newbie and our website is new website as well, the forum disabled the image on the post.  Sorry for the plain text articulation. 

TEU - bitcoin for shipping
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August 01, 2017, 05:42:02 PM
 #11

Chinese version is now online! 

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August 02, 2017, 02:25:54 AM
 #12

Article just published in medium - the good features of the TEU ICO

https://medium.com/@300cubits/teu-55207aee6b46

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August 02, 2017, 02:31:53 AM
 #13

 keep up your hard work ,I hope to get some good news from this project. Good luck
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August 02, 2017, 02:37:22 AM
 #14

Interesting project, I'm sure this project has potential for success, I'll keep looking up to ICO, I'm also waiting for the next ANN with a more complete tread, good luck dev

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August 02, 2017, 02:38:32 AM
 #15

A special token for container shipping, also an ICO.... I hope paying the $1.60 worth of Minereum to create this ETHtoken was worth it Cheesy

Honestly these ICO's are getting ridiculous, they don't even have catchy names anymore or the project leads don't put effort into the announcement and future use practice, it sounds like the majority releasing these are young kale smoothie drinking hipsters trying to get rich quick off the bitcoin and altcoin scene.... bunch of dreamers I tell ya !

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August 02, 2017, 05:26:10 AM
 #16

smart contracts published on github - which is equitable, transparent and low burden to the Ethereum Network. 

https://github.com/300cubits/ITS

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August 02, 2017, 10:35:39 AM
 #17

Media is covering us.  Wink

http://splash247.com/hong-kong-startup-launches-blockchain-project-designed-transform-container-shipping/

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August 02, 2017, 10:57:58 AM
 #18

The challenge is how to educate the shipping industry on integrating the cryptocurrency within their system.
Usually the adaptation is really tough at the start.
Lots of bottlenecks but if the team has strong points, this might work.
Let's see if what they were saying of having 50-year experience will be enough to embark this journey.

.

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August 02, 2017, 12:23:52 PM
 #19

Yes, I couldn't agree with you more.  We have paid a lot of attention to reach out to the crypto world but also the real world.  We will announce the key important events related to the real world soon in our website. 

Thanks to the power of social media.  A shipping practitioner likes our project very much. 

https://twitter.com/purdapilleta

TEU - the crypto currency that propels ships

TEU - bitcoin for shipping
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August 02, 2017, 01:51:06 PM
 #20

I am familiar with the shipping industry so will watch this closely. I feel that the white paper does not go into enough detail into how clients will have to rely on exchanges to exchange their TEU for $$$, there is also an assumption that the token will become widespread among said exchanges with enough liquidity to make the token easily traded. However, despite the obvious road blocks, I am interested to see how this will run. Good luck.
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