Website

FeedChain (FEED)

ICO

Published: Jul 23, 2018

FeedChain builds an economy in which millions of people can make money working from home, cooking and selling food using their houses as restaurant businesses.

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Overview

Project industry	Commerce & Retail
Product type	Service
Whitepaper	Open

Bounty program

What is FeedChain

FEEDCHAIN provides a single marketplace for all sorts of home-based food services.

Both Seller (Customer and Home Restaurant Owner) and a buyer will create their respective accounts on FEEDCHAIN Platform. The Seller will list an advertisement describing the service he/ she wants to offer. A buyer looks for the required service and will be shown the best offers based on preferences, reviews, peer ratings, and location etc.

Buyer orders the service or contacts the seller using Instant Chat feature. Once an order is placed, the amount is reserved automatically in a Multi Sig wallet, which ensures the amount is released only when the rules defined within the smart contracts are fulfilled.

The FEEDCHAIN token will be used in phase one of the FEEDCHAIN explorer ecosystem and will be used for storing transaction signatures and metadata as signatures for encrypted storage on the blockchain, and data server platforms.

Details

Pre-sales: Jul 31, 2018 - Aug 20, 2018
Pre-sale token supply: 100,000,000
Token supply: 350,000,000
Soft cap: 1,680ETH
Hard cap: 10,746,100 USD(fiat)

Legal

Country limitations: China,United States

Token info

Ticker: FEED
Type: Utility-token
Token price in USD: 1 FEED = 0.05 USD
Accepted currencies: ETH
Bonus program:
Pre-ICO:
1.68 ETH - 16.8 ETH = 5%
17 ETH - 168 ETH = 10%
169 ETH - 840 ETH = 15%
841 ETH - 1680 ETH = 20%
Crowdsale: no bonus
Token distribution:
35% - Crowdsale
25% - Reserve
10% - Private Sale
10% - Pre-Sale
10% - Team and Management
5% - Bounty
5% - Advisory Board
Funds allocation:
50% - Development & Growth
15% - Markeitng Expenses
10% - Hiring Specialists and Building Team
10% - Promotion Expenses
10% - Administrative Charges and Legal Issues
5% - Founding Team