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CafeCoin (CAFECOIN) |
Status
ICO
CafeCoin is a blockchain-based payments app designed by Columbia University scientists.
Whitepaper
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Ticker
CAFECOIN
Type
Utility-token
Token standard
ERC-20
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.
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.
Token Sale Dates
ICO
Start date: Sep 01, 2018
End date: Aug 31, 2018
Token Allocation
Total Token Supply 30000000
Funding Details
Soft Cap 30,000,000USD
Hard Cap 100,000,000USD
Restrictions
Residents of the following countries are prohibited from participating
China, United States
China, United States
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
Token Price and Payment Options
Token price USD 1 Token = 2.000000 USD
Accepted Currencies BTC, ETH, LTC, RPL, XRM, XRP, TETHER
Project team
Gabriel Young
Co-Founder Adviser, Statistics,Quantitative Modeling
John Stanton
Co-Founder Adviser, Blockchain, Technology, System Integrity
Rt Hon Sir Tony Baldry
Adviser, Regulatory Compliace Assessment
Vinay Ganga
Chief Legal Adviser, Regulatory Compliance Assessment
YAGUB RAHIMOV
ICO Marketing and Crypto Capital Advisor
Tolga Bilgicer
Adviser, Project Risk Assessment
William Uchimoto
Adviser, U.S. Securities Regulation, Legal Compliance
Patrick Tsang
Adviser, Strtegic Marketing, Cryptocurrency Trading & Listing
Kevin Guo
Adviser, Financial Technologies
Benjamin Cao
Candidate Adviser, Accounting Integrity, Financial Technologies
Charles Shearer
CFA, Adviser, System Integrity Assurance, Financial Modeling
Charles Highsmith
Adviser, Computer Network Integrity and Cyber Security Assurance
Social media
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LinkedIn Industries
One Response
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.