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CafeCoin (CAFECOIN)

ICO

CafeCoin is a blockchain-based payments app designed by Columbia University scientists.

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Overview

Project industryFinance Services & Banking
Product typeCryptocurrency
FoundedUnited States of America
WhitepaperCafeCoin White Paper Open

What is CafeCoin

CafeCoins blockchain and mobile App can be used to buy or sell goods anywhere, at anytime, and without the added cost and data exposure that comes with traditional payment processors. With CafeCoin, the credit card fees typically charged can be saved, and that money is passed on to the users as tailored discounts and loyalty rewards.

CafeCoin allows users and retailers to control the historical data they share with each other, and the ability to share that data in return for tailored discounts and promotions.

By providing specific retail oriented framework for the CafeCoin blockchain, CafeCoin is designed to be faster, more effective and useful for ordinary transactions than past blockchain technology.

CafeCoins preset transactional structure virtually eliminates transaction costs traditionally paid by merchants and consumers.

Details

Public sales: Sep 01, 2018 - Aug 31, 2018
Token supply: 30000000
Soft cap: 30,000,000USD
Hard cap: 100,000,000USD

Legal

Country limitations: China, United States

Token info

Ticker: CAFECOIN
Type: Utility-token
Token standard: ERC-20
Token price in USD: 1 Token = 2.000000 USD
Accepted currencies: BTC, ETH, LTC, RPL, XRM, XRP, TETHER
Token distribution:
54.5% - Held in Reserve Stability Fund
30% - Initial Public Distribution
5% - Founders & Cafecoin Team
5% - Reserved for Purchase for Retail Partners
3% - Follow-On Private Firm Comminment
2.5% - Private Sale
Funds allocation:
30% - Product Development
25% - Marketing
25% - Strategic Acquisitions & Market Penetration
20% - Reserve Stability Fund

CafeCoin Roadmap

1
Q3 2018

- Completing issuance of CafeCoin utility tokens. Proceeds will be used to fund the creation of CafeCoin

2
Q3-Q4 2018

- Building out a companion distributed ledger system for the app to run on. Once completed, the initially issued CafeCoins will be mapped onto the CafeCoin Ledger and will be ready to use.

3
Q1-Q3 2019

- Finalizing the technology for creating an intuitive mobile app.

4
Q4 2019

- Continue developing relationships and expanding the use of CafeCoin by online and in store merchants across the globe.

Project team

Gabriel Young
Gabriel Young
Co-Founder Adviser, Statistics,Quantitative Modeling
Gabriel Young linkedin
John Stanton
John Stanton
Co-Founder Adviser, Blockchain, Technology, System Integrity
John Stanton linkedin
Rt Hon Sir Tony Baldry
Rt Hon Sir Tony Baldry
Adviser, Regulatory Compliace Assessment
Rt Hon Sir Tony Baldry linkedin
Vinay Ganga
Vinay Ganga
Chief Legal Adviser, Regulatory Compliance Assessment
Vinay Ganga linkedin
YAGUB RAHIMOV
YAGUB RAHIMOV
ICO Marketing and Crypto Capital Advisor
YAGUB RAHIMOV linkedin
Tolga Bilgicer
Tolga Bilgicer
Adviser, Project Risk Assessment
Tolga Bilgicer linkedin
William Uchimoto
William Uchimoto
Adviser, U.S. Securities Regulation, Legal Compliance
William Uchimoto linkedin
Patrick Tsang
Patrick Tsang
Adviser, Strtegic Marketing, Cryptocurrency Trading & Listing
Patrick Tsang linkedin
Kevin Guo
Kevin Guo
Adviser, Financial Technologies
Kevin Guo linkedin
Benjamin Cao
Benjamin Cao
Candidate Adviser, Accounting Integrity, Financial Technologies
Benjamin Cao linkedin
Charles Shearer
Charles Shearer
CFA, Adviser, System Integrity Assurance, Financial Modeling
Charles Shearer linkedin
Charles Highsmith
Charles Highsmith
Adviser, Computer Network Integrity and Cyber Security Assurance

Social media

CafeCoin web-siteCafeCoin RedditCafeCoin MediumCafeCoinYouTubeCafeCoin TelegramCafeCoin InstagramCafeCoin LinkedInCafeCoin X (Twitter)CafeCoin Facebook

One Response

  • CryptoShamanAugust 10, 2018 at 12:06 am

    What actual problems does CafeCoin solve?

    CafeCoin solves two significant problems for retailers and customers: First, it virtually eliminates the huge cost of payment processing fees charged by big corporations every year which are passed on to customers in the form of higher prices. This allows merchants the flexibility to either pass all or part of those savings on to drive additional revenue, or hold onto them, increasing profit on every sale. Second, retailers are often keen to provide discounts and promotions in order to drive sales, but the effectiveness of those promotions and discounts is limited by a lack of particularized information about individual customers, each of whom have different historical propensities toward the purchase of goods and services. CafeCoin uses blockchain technology to securely store the information surrounding each transaction, and allows users to share that information with merchants, which when combined with CafeCoin machine learning applications allow retailers to offer tailored promotions that are relevant to individual customers, instead of merely marketing to demographics. These tailored discounts create substantial savings for users and drive revenue for merchants, so everybody wins! This also encourages merchants to pass on the savings they realize from avoiding the traditional payment processing fees.

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