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Author Topic: TEU – the shipping crypto currency - bounty announced  (Read 9546 times)
johnsonleung
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August 23, 2017, 04:25:59 AM
 #101

Thank you freightjoe for bringing this up. Every dollar invested by the industry in tackling the ghost booking shows the sense of urgency within the container shipping industry on this pain point. We are in discussion with the key common booking portals. Their business including the NYEXs's is to generate income through the booking traffic going through their server. Ours is to create a crypto coins to facilitate everyone's transactions. The TEU token is a currency like USD. The token system is open sourced and on blockchain, i.e does not have to go through the server of 300cubits. So any common portals including NYEXs can adopt TEU tokens if they want. And we think all the common portals may want to attract the traffic of TEU tokens. NYEXs does not have to stick to bank guarantee as the only solution to tackle ghost bookings since NYEXs still make money as long as a customer places booking on their portal either using bank guarantee or TEU tokens. We are happy to guide any common portals coming our way to explore adoption of TEU tokens.   
 
Some technical of the pricing of bank guarantee:
Since bank guarantee consumes capital of banks. Under Basel III Capital Adequacy Raito (CAR), bank guarantee is classified as Risk-Weighted-Assets (RWA). Banks evaluate the probability of default to determine the pricing. As you are aware that “ghost booking” is with high likelihood, the RWA is high and consuming of CAR is high. The cost of bank guarantee for “ghost booking” is also high due to cost of capital. 
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August 23, 2017, 09:47:22 AM
 #102


Summary in other languages:

https://300cubits.tech/pdf/300cubits_Russian.pdf
https://300cubits.tech/pdf/300cubits_Korean.pdf




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August 23, 2017, 12:51:28 PM
 #103


Webinar: 24-Aug-2017 12:00 noon London Time | 7:00 pm HK Time | 7:00 am NY Time

https://meet.lync.com/300cubits/admin/MOJQUAIY


TEU - bitcoin for shipping
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August 24, 2017, 10:51:21 AM
 #104


24-Aug-2017 Webinar Replay:

https://youtu.be/no3kVCL-Nss




TEU - bitcoin for shipping
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August 25, 2017, 08:43:49 AM
 #105


4 major leading newspapers in HK covering our project:

https://medium.com/@300cubits/hk-press-20170824-dcf79dd56934



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August 27, 2017, 09:49:37 AM
 #106


We will conduct a seminar organized by Fintech Society in HK on 31-Aug 12:00 noon HKT in HK

Interested parties can register below:
https://www.fintechsociety.hk/ico-roadshow


TEU - bitcoin for shipping
Mindin
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August 27, 2017, 09:52:04 AM
 #107

Are there still people out there dumb enough to waste their money on a hit and run ICO like this shit. LOL
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August 27, 2017, 10:13:36 AM
 #108


We will speak in a 2-day "Shipping2030 Asia" Conference in Novotel Clarke Quay, Singapore on 5-6/Sep.


Book now at GBP1,499:
https://maritime.knect365.com/shipping2030-asia/purchase/select-package

"Our speakers" link:
https://maritime.knect365.com/shipping2030-asia/speakers/johnson-leung
https://maritime.knect365.com/shipping2030-asia/speakers/jonathan-lee-1

7 reasons why our attendees chose Shipping2030 & Global Liner Shipping

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johnsonleung
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August 27, 2017, 11:23:33 AM
 #109

Mindin, Your notion may be for someone else. I have been in the shipping so long and so many in the industry recognize me that running away is not part of our plan.
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August 28, 2017, 03:33:05 AM
 #110


3-min TEU token explained in Bloomberg TV:





TEU - bitcoin for shipping
finsarg
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August 30, 2017, 10:33:15 AM
 #111

Anyone know what happened to Block Freight?

https://blockfreight.com/

The website's a literal facade.

This is the kind of thing that makes me nervous about TEU.
freightjoe
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August 30, 2017, 04:12:05 PM
 #112

... And we think all the common portals may want to attract the traffic of TEU tokens. . 

Why do you think that? Do you actually have any common portals who have committed to accepting tokens - or is this purely based on your own guesswork as to what might happen?
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September 01, 2017, 02:09:06 AM
 #113


Legal opinion sought:

TEU is not securities. Buying restriction of US residents has been uplifted.




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ahrimanbro
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🌟ATLANT ICO: 7/09/17🌟


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September 01, 2017, 02:18:57 AM
 #114

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.

agreed, was excited by the prospects but came oht dissapointed. very weak who

freightjoe
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September 01, 2017, 06:51:18 AM
 #115


 

TEU is not securities. Buying restriction of US residents has been uplifted.





Which lawfirm are you quoting here?

Anyhow, seems the both the US and the Chinese authorities are looking to shut down ICOs in general:
https://www.coindesk.com/reports-chinas-regulators-consider-suspending-icos/

https://news.bitcoin.com/sec-warns-ico-schemes-suspending-4-firms/

Will you be able to proceed with your plan if you cannot continue the ICO? What will happen to the TEU tokens already subscribed to if the ICO is closed ?
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September 01, 2017, 07:07:42 AM
 #116



The law firm we are using is King & Wood Mallesons. http://www.kwm.com/en/about-us
The firm is leading in this field who has advised various ICOs including a successful ICO https://www.openanx.org/en which raised USD18.7M.

The jurisdiction we are operating is under Hong Kong instead of mainland China where HK is a special administrative region of China. The legal system is independent of China. We anticipate ICO will be very successful and other source funding, including but not limited to various venture capitals and corner investors, will also be considered. The project will go ahead under all circumstances.




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freightjoe
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September 01, 2017, 07:17:31 AM
 #117



The law firm we are using is King & Wood Mallesons. http://www.kwm.com/en/about-us





So that is the lawfirm where their UK division went bankrupt due to mismanagement:
https://www.thelawyer.com/issues/online-january/king-wood-mallesons-llp-shuts-administrators-take-control/ ?





We anticipate ICO will be very successful and other source funding, including but not limited to various venture capitals and corner investors, will also be considered.





So you plan to take in other money outside of the ICO - how much will you bring in? That will undermine the value of the tokens already subscribed to - but by how much? That is not something indicated in the whitepaper
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September 01, 2017, 07:57:29 AM
 #118


http://www.kwm.com/en/knowledge/news/king-and-wood-mallesons-plans-for-uk-europe-and-the-middle-east-20170118

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johnsonleung
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September 01, 2017, 08:43:30 AM
 #119

Why do you think that? Do you actually have any common portals who have committed to accepting tokens - or is this purely based on your own guesswork as to what might happen?
No commitment yet. But we have been contacted by 4 common portals with an interest in adopting TEU tokens as an option. 
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September 01, 2017, 10:18:30 AM
 #120


Bounty Statistics:

Google Spreadsheet

Some applicants have not yet fulfilled the requirement of the bounty program and therefore their application is not yet valid.


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