[ANN] Bonafi - Fights counterfeits using Blockchain and Crypto-Tag

[norman-soil]

Great strong project with a global idea. It takes a lot of time, however, it is worth it. I think next year the amount of counterfeit products will increase from 600 billion to 700-800 billion. So, Bonafe came on time

[brussqett]

Great strong project with a global idea. It takes a lot of time, however, it is worth it. I think next year the amount of counterfeit products will increase from 600 billion to 700-800 billion. So, Bonafe came on time

We don’t know exactly how much the market of counterfeit goods will grow, but the situation will deteriorate, so Bonafi must solve this in the coming years.

[vkolotun]

Hello to all. Here is one of the latest Bonfi articles. I recommend to read this!
https://www.bonafi.io/bonafi-launches-sto-to-fight-counterfeits-on-blockchain/

[CristopherCollins77]

Hi advise the wallet guys, which is the best at the moment? BONA token can be stored in any wallet, or need some special?

[Ayupich]

Hi advise the wallet guys, which is the best at the moment? BONA token can be stored in any wallet, or need some special?

Hi, you can use any ERC 20 wallet. But Bonafi said they would make their own wallet for security tokens.

[Sharlotta.Berg]

Hi advise the wallet guys, which is the best at the moment? BONA token can be stored in any wallet, or need some special?

Hi, you can use any ERC 20 wallet. But Bonafi said they would make their own wallet for security tokens.

Own wallet? That's not bad. Balance of tokens is always available in the application, fewer problems with transactions and transfers. Yes, Bonafi is doing well ...

[Dr.Cristofferson]

Hi advise the wallet guys, which is the best at the moment? BONA token can be stored in any wallet, or need some special?

Hi, you can use any ERC 20 wallet. But Bonafi said they would make their own wallet for security tokens.

Own wallet? That's not bad. Balance of tokens is always available in the application, fewer problems with transactions and transfers. Yes, Bonafi is doing well ...

Yes, your own wallet, your own application, your own browser extension. Each crypto tag has its own encryption. Bonafi extremely competently approached the security of their system

[FrederickFarci]

I saw that now some exchanges offer a listing of the security token. Why can't you list your token on their exchanges?

[Pr0st0Pr0be1]

ICO Analysis: Bonafi
Published on October 7, 2018
By Daniel Won
Proof: https://hacked.com/ico-analysis-bonafi/

Team
CTO Byongmin Lee: Lee was the founder at Tinnos, Inc., a Korean company producing automobile parts for 12 years and a senior member of research staff at Electronics and Telecommunications Research Institute.
JungSik Lee: Lee is the manager of HW engineering at Tinnos, Inc.

Advisors
Rachael McCrary: McCrary was a senior designer at Skechers and Delta Galil.

Verdict
Below is a breakdown of the risks and growth potential of Bonafi.

Risks
    Many blockchain supply chain management projects already exist and are further developed. (-1)
    The absence of team members working for world-class companies might make it hard to establish partnerships with huge companies. (-2)
    More information on the platform and the Crypto-Tag security would be better. (-1)

Growth Potential
    Permanent immutable nature of public blockchains is a perfect fit for supply chain management. (+2.5)
    The team has obtained enormous experience working in automobile part companies, an industry where counterfeit goods are a huge problem. (+4)
    Combined with a blockchain, the trademarked main product, the Crypto-Tag, ensures that the product is genuine. (+2)

Disposition
The existence of counterfeit products is a huge problem for everyone. The use of low-quality materials in production causes consumer health problems and even death in extreme cases such as in 2008 Chinese Baby Milk Scandal. To solve this crucial issue, many blockchain supply chain management projects have been launched. Most of these projects aim to create an immutable permanent transparent ledger of the product’s life from the very beginning of its production to the time the consumer obtains it so that any platform user can access to check the product’s authenticity. Bonafi is one among many, standing out with it’s the Crypto-tag product. Although the project seems promising, compared to similar projects, there are not many team members who have worked for Fortune 500 companies and this might make it hard for the project to establish connections and partnerships with such companies. This is a crucial element for any blockchain supply management project, because if there is no such partnership, then there is no chain of data to validate authenticity. Yet the team is highly experienced in the automobile parts industry in which counterfeit goods is a huge problem. More information on the platform and product security would be better to evaluate the project’s worth and estimate any return on investment as any security vulnerability would be costly. Bonafi receives a 4.5/10.

Investment Details
    Type: ERC20 – Security
    Symbol: BONA
    Platform: Ethereum
    Crowdsale: November 5th
    Minimum Investment: $100
    Price: $0.1
    Hard Cap: $15,000,000
    Payments Accepted: Unspecified
    Restricted from Participating: Unspecified

[Gregory.Leps]

ICO Analysis: Bonafi
Published on October 7, 2018
By Daniel Won
Proof: https://hacked.com/ico-analysis-bonafi/

Team
CTO Byongmin Lee: Lee was the founder at Tinnos, Inc., a Korean company producing automobile parts for 12 years and a senior member of research staff at Electronics and Telecommunications Research Institute.
JungSik Lee: Lee is the manager of HW engineering at Tinnos, Inc.

Advisors
Rachael McCrary: McCrary was a senior designer at Skechers and Delta Galil.

Verdict
Below is a breakdown of the risks and growth potential of Bonafi.

Risks
    Many blockchain supply chain management projects already exist and are further developed. (-1)
    The absence of team members working for world-class companies might make it hard to establish partnerships with huge companies. (-2)
    More information on the platform and the Crypto-Tag security would be better. (-1)

Growth Potential
    Permanent immutable nature of public blockchains is a perfect fit for supply chain management. (+2.5)
    The team has obtained enormous experience working in automobile part companies, an industry where counterfeit goods are a huge problem. (+4)
    Combined with a blockchain, the trademarked main product, the Crypto-Tag, ensures that the product is genuine. (+2)

Disposition
The existence of counterfeit products is a huge problem for everyone. The use of low-quality materials in production causes consumer health problems and even death in extreme cases such as in 2008 Chinese Baby Milk Scandal. To solve this crucial issue, many blockchain supply chain management projects have been launched. Most of these projects aim to create an immutable permanent transparent ledger of the product’s life from the very beginning of its production to the time the consumer obtains it so that any platform user can access to check the product’s authenticity. Bonafi is one among many, standing out with it’s the Crypto-tag product. Although the project seems promising, compared to similar projects, there are not many team members who have worked for Fortune 500 companies and this might make it hard for the project to establish connections and partnerships with such companies. This is a crucial element for any blockchain supply management project, because if there is no such partnership, then there is no chain of data to validate authenticity. Yet the team is highly experienced in the automobile parts industry in which counterfeit goods is a huge problem. More information on the platform and product security would be better to evaluate the project’s worth and estimate any return on investment as any security vulnerability would be costly. Bonafi receives a 4.5/10.

Investment Details
    Type: ERC20 – Security
    Symbol: BONA
    Platform: Ethereum
    Crowdsale: November 5th
    Minimum Investment: $100
    Price: $0.1
    Hard Cap: $15,000,000
    Payments Accepted: Unspecified
    Restricted from Participating: Unspecified

Strange, such a low rating in your opinion? Why?

Payment will be accepted: ETH, BTC, LTC, USD
Restricted from Participating: Cuba, Libya, Sudan, Iran, Yemen... all the countries that prohibited by the US SEC

[sk5895sk]

ICO Analysis: Bonafi
Published on October 7, 2018
By Daniel Won
Proof: https://hacked.com/ico-analysis-bonafi/

Team
CTO Byongmin Lee: Lee was the founder at Tinnos, Inc., a Korean company producing automobile parts for 12 years and a senior member of research staff at Electronics and Telecommunications Research Institute.
JungSik Lee: Lee is the manager of HW engineering at Tinnos, Inc.

Advisors
Rachael McCrary: McCrary was a senior designer at Skechers and Delta Galil.

Verdict
Below is a breakdown of the risks and growth potential of Bonafi.

Risks
    Many blockchain supply chain management projects already exist and are further developed. (-1)
    The absence of team members working for world-class companies might make it hard to establish partnerships with huge companies. (-2)
    More information on the platform and the Crypto-Tag security would be better. (-1)

Growth Potential
    Permanent immutable nature of public blockchains is a perfect fit for supply chain management. (+2.5)
    The team has obtained enormous experience working in automobile part companies, an industry where counterfeit goods are a huge problem. (+4)
    Combined with a blockchain, the trademarked main product, the Crypto-Tag, ensures that the product is genuine. (+2)

Disposition
The existence of counterfeit products is a huge problem for everyone. The use of low-quality materials in production causes consumer health problems and even death in extreme cases such as in 2008 Chinese Baby Milk Scandal. To solve this crucial issue, many blockchain supply chain management projects have been launched. Most of these projects aim to create an immutable permanent transparent ledger of the product’s life from the very beginning of its production to the time the consumer obtains it so that any platform user can access to check the product’s authenticity. Bonafi is one among many, standing out with it’s the Crypto-tag product. Although the project seems promising, compared to similar projects, there are not many team members who have worked for Fortune 500 companies and this might make it hard for the project to establish connections and partnerships with such companies. This is a crucial element for any blockchain supply management project, because if there is no such partnership, then there is no chain of data to validate authenticity. Yet the team is highly experienced in the automobile parts industry in which counterfeit goods is a huge problem. More information on the platform and product security would be better to evaluate the project’s worth and estimate any return on investment as any security vulnerability would be costly. Bonafi receives a 4.5/10.

Investment Details
    Type: ERC20 – Security
    Symbol: BONA
    Platform: Ethereum
    Crowdsale: November 5th
    Minimum Investment: $100
    Price: $0.1
    Hard Cap: $15,000,000
    Payments Accepted: Unspecified
    Restricted from Participating: Unspecified

Please add the following team members:
Steve Kuh, CEO - 22 years as CEO of IT Tech firm
Roberto Medrano, Investor Advisor - 4+ Exits, Supply Chain
DR. BM Lee, Chief Technical Director - 12 years as Founder of Automotive parts Co, 10 years at a consumer electronics co.
Abraham Kim, Chief Marketing Director - 7 years as Digital Marketing
Daniel Kuh, Art Director - 4 years as Apps Dev and Graphics Dgn
JJ Lee, Apps Dev Director - 18 years as Software Engieer App Dev
JS Lee, RF Antenna Engineer - 14 years Automotive
Craig Clayton - 30 yrs Financial Consultant
Simon Cocking, ICO Advisor - 20+ ICO Exits, Senior Editor Irish Tech News Online Publication,
Joe Rubin, ICO Advisor - VC
Rachael McCrary, ICO Advisor - Sales and Fashion Industry

[sk5895sk]

I saw that now some exchanges offer a listing of the security token. Why can't you list your token on their exchanges?

⚡️⚡️⚡️ ANNOUNCEMENTS ⚡️⚡️⚡️
Bonafi security offering would have the following custody periods:
USA Citizens: 12 month
International Citizens: 45 days

Bonafi plans to be on OpenFinance Network and offer ATS platform for liquidation in Jan 2019.
⚡️⚡️⚡️ ANNOUNCEMENTS ⚡️⚡️⚡️

[sk5895sk]

ICO Analysis: Bonafi
Published on October 7, 2018
By Daniel Won
Proof: https://hacked.com/ico-analysis-bonafi/

Team
CTO Byongmin Lee: Lee was the founder at Tinnos, Inc., a Korean company producing automobile parts for 12 years and a senior member of research staff at Electronics and Telecommunications Research Institute.
JungSik Lee: Lee is the manager of HW engineering at Tinnos, Inc.

Advisors
Rachael McCrary: McCrary was a senior designer at Skechers and Delta Galil.

Verdict
Below is a breakdown of the risks and growth potential of Bonafi.

Risks
    Many blockchain supply chain management projects already exist and are further developed. (-1)
    The absence of team members working for world-class companies might make it hard to establish partnerships with huge companies. (-2)
    More information on the platform and the Crypto-Tag security would be better. (-1)

Growth Potential
    Permanent immutable nature of public blockchains is a perfect fit for supply chain management. (+2.5)
    The team has obtained enormous experience working in automobile part companies, an industry where counterfeit goods are a huge problem. (+4)
    Combined with a blockchain, the trademarked main product, the Crypto-Tag, ensures that the product is genuine. (+2)

Disposition
The existence of counterfeit products is a huge problem for everyone. The use of low-quality materials in production causes consumer health problems and even death in extreme cases such as in 2008 Chinese Baby Milk Scandal. To solve this crucial issue, many blockchain supply chain management projects have been launched. Most of these projects aim to create an immutable permanent transparent ledger of the product’s life from the very beginning of its production to the time the consumer obtains it so that any platform user can access to check the product’s authenticity. Bonafi is one among many, standing out with it’s the Crypto-tag product. Although the project seems promising, compared to similar projects, there are not many team members who have worked for Fortune 500 companies and this might make it hard for the project to establish connections and partnerships with such companies. This is a crucial element for any blockchain supply management project, because if there is no such partnership, then there is no chain of data to validate authenticity. Yet the team is highly experienced in the automobile parts industry in which counterfeit goods is a huge problem. More information on the platform and product security would be better to evaluate the project’s worth and estimate any return on investment as any security vulnerability would be costly. Bonafi receives a 4.5/10.

Investment Details
    Type: ERC20 – Security
    Symbol: BONA
    Platform: Ethereum
    Crowdsale: November 5th
    Minimum Investment: $100
    Price: $0.1
    Hard Cap: $15,000,000
    Payments Accepted: Unspecified
    Restricted from Participating: Unspecified

Please add the following team members:
Steve Kuh, CEO - 22 years as CEO of IT Tech firm
Roberto Medrano, Investor Advisor - 4+ Exits, Supply Chain
DR. BM Lee, Chief Technical Director - 12 years as Founder of Automotive parts Co, 10 years at a consumer electronics co.
Abraham Kim, Chief Marketing Director - 7 years as Digital Marketing
Daniel Kuh, Art Director - 4 years as Apps Dev and Graphics Dgn
JJ Lee, Apps Dev Director - 18 years as Software Engieer App Dev
JS Lee, RF Antenna Engineer - 14 years Automotive
Craig Clayton - 30 yrs Financial Consultant
Simon Cocking, ICO Advisor - 20+ ICO Exits, Senior Editor Irish Tech News Online Publication,
Joe Rubin, ICO Advisor - VC
Rachael McCrary, ICO Advisor - Sales and Fashion Industry

Bonafi ICO:
Bonafi plans to build an initiative to solve counterfeited goods issue world-wide. When an item is purchased, we don’t always know where It was made, when it was made, and who made it. Through Bonafi’s platform we answer the question: Is it a real or a fake?

Main advantages:
1)   Cryptography encrypted tag makes our tag uniquely identified for each items on blockchain, rendering copy and duplication impractical
2)   Rewards allow the customers to monetize their own consumer buying habit data
3)   Big Data marketing on the Bonafi Platform

Why Bonafi
1)   Security ICO – with the security token offering in the USA, it is Reg D 506(c) and Reg S offering
2)   Investment vehicle through Convertible Notes that converts to BONA Securities. We plan to list BONA tokens on future Security Token Exchange in the USA
3)   Blockchain - Immutable Public Ledger
4)   $600 Billion/Year Addressable Market Size (according to PriceWaterhouseCooper report 2017)

[komar.515]

ICO Analysis: Bonafi
Published on October 7, 2018
By Daniel Won
Proof: https://hacked.com/ico-analysis-bonafi/

Team
CTO Byongmin Lee: Lee was the founder at Tinnos, Inc., a Korean company producing automobile parts for 12 years and a senior member of research staff at Electronics and Telecommunications Research Institute.
JungSik Lee: Lee is the manager of HW engineering at Tinnos, Inc.

Advisors
Rachael McCrary: McCrary was a senior designer at Skechers and Delta Galil.

Verdict
Below is a breakdown of the risks and growth potential of Bonafi.

Risks
    Many blockchain supply chain management projects already exist and are further developed. (-1)
    The absence of team members working for world-class companies might make it hard to establish partnerships with huge companies. (-2)
    More information on the platform and the Crypto-Tag security would be better. (-1)

Growth Potential
    Permanent immutable nature of public blockchains is a perfect fit for supply chain management. (+2.5)
    The team has obtained enormous experience working in automobile part companies, an industry where counterfeit goods are a huge problem. (+4)
    Combined with a blockchain, the trademarked main product, the Crypto-Tag, ensures that the product is genuine. (+2)

Disposition
The existence of counterfeit products is a huge problem for everyone. The use of low-quality materials in production causes consumer health problems and even death in extreme cases such as in 2008 Chinese Baby Milk Scandal. To solve this crucial issue, many blockchain supply chain management projects have been launched. Most of these projects aim to create an immutable permanent transparent ledger of the product’s life from the very beginning of its production to the time the consumer obtains it so that any platform user can access to check the product’s authenticity. Bonafi is one among many, standing out with it’s the Crypto-tag product. Although the project seems promising, compared to similar projects, there are not many team members who have worked for Fortune 500 companies and this might make it hard for the project to establish connections and partnerships with such companies. This is a crucial element for any blockchain supply management project, because if there is no such partnership, then there is no chain of data to validate authenticity. Yet the team is highly experienced in the automobile parts industry in which counterfeit goods is a huge problem. More information on the platform and product security would be better to evaluate the project’s worth and estimate any return on investment as any security vulnerability would be costly. Bonafi receives a 4.5/10.

Investment Details
    Type: ERC20 – Security
    Symbol: BONA
    Platform: Ethereum
    Crowdsale: November 5th
    Minimum Investment: $100
    Price: $0.1
    Hard Cap: $15,000,000
    Payments Accepted: Unspecified
    Restricted from Participating: Unspecified

I don't see any mention of the bonus. Did I understand correctly that there would be no bonus during the main sale?

[Lucasolofsson85]

I saw that now some exchanges offer a listing of the security token. Why can't you list your token on their exchanges?

⚡️⚡️⚡️ ANNOUNCEMENTS ⚡️⚡️⚡️
Bonafi security offering would have the following custody periods:
USA Citizens: 12 month
International Citizens: 45 days

Bonafi plans to be on OpenFinance Network and offer ATS platform for liquidation in Jan 2019.
⚡️⚡️⚡️ ANNOUNCEMENTS ⚡️⚡️⚡️

Well, that means i don't have to wait a whole year. I hope those who receive their tokens in 45 days will not sell at a very low price. We all need to understand that investing in Bonafi is a long-term investment.

[Petramaxindoshka]

I saw that now some exchanges offer a listing of the security token. Why can't you list your token on their exchanges?

⚡️⚡️⚡️ ANNOUNCEMENTS ⚡️⚡️⚡️
Bonafi security offering would have the following custody periods:
USA Citizens: 12 month
International Citizens: 45 days

Bonafi plans to be on OpenFinance Network and offer ATS platform for liquidation in Jan 2019.
⚡️⚡️⚡️ ANNOUNCEMENTS ⚡️⚡️⚡️

An interesting decision. Why do US citizens have to wait longer? Or is it a way to attract investors from other countries? 

[ukrainskaya-devaxa]

Hi guys. Great news, that the waiting period was 12 months, I was a little embarrassed. I like 45 days more. I am not going to sell and use tokens. I'm just so calmer

[The-king]

Hi guys. Great news, that the waiting period was 12 months, I was a little embarrassed. I like 45 days more. I am not going to sell and use tokens. I'm just so calmer

But I don't care at all. I hope to get profit in 2-3 years. So the wait at 12 months does not bother me at all. This is legal, so everything is fine. Well, now it's 45 days, however, I have not become happier. But this can significantly change the attitude of some investors towards Bonafi.

[RichardCrowford1965]

Hi guys. Great news, that the waiting period was 12 months, I was a little embarrassed. I like 45 days more. I am not going to sell and use tokens. I'm just so calmer

But I don't care at all. I hope to get profit in 2-3 years. So the wait at 12 months does not bother me at all. This is legal, so everything is fine. Well, now it's 45 days, however, I have not become happier. But this can significantly change the attitude of some investors towards Bonafi.

Of course. Investors are not used to such a long period of obtaining their tokens. People are not ready for this. So, Investors from the United States received the conditions for investment in accordance with US law. Citizens of other countries are not required to absolutely comply with all US laws. Foreign investors, as you can see, received other conditions.

[evilcyclope]

Great project. Developers in all go to meet investors. Excellent opportunity to earn on investing. But you have to be patient, because the development of such a large-scale project will not be as fast as it may seem.