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FoodNation (FOOD) ICO

Upcoming ICO
Token sale: Apr 01, 2019 – Jun 30, 2019

Using the concept of decentralized economy, we want to disrupt the online food delivery market. We aims to be a fully sustainable community in favor of restaurants, customers, the entire chain.

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FoodNation (FOOD) ratings

ICOrating.com FoodNation (FOOD) icorating
Hype score Low
Risk score NA
Investment rating NA
ICObench.com FoodNation (FOOD) icobench 3.5 / 5
ICOmarks.com FoodNation (FOOD) icomarks 7.5 / 10
TrackICO.io FoodNation (FOOD) trackico 4.8 / 5
ICOholder.com FoodNation (FOOD) icoholder 0 / 5
Our rating
6
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Overview

Project industry Commerce & Retail
Product type Marketplace
Founded Germany

Features

FoodNation is a blockchain-driven food delivery marketplace. The solution will integrate two layers: a blockchain layer and Foodnation layer. The first will facilitate payments, enable users to post reviews, as well as deploy incentive program. The second layer will be responsible for a search engine, order tracking, chat bots, etc.  Restaurants will use this layer to register and update their menus and prices.

The team is issuing a FOOD token that will be used for payments and incentives on the platform. If a meal costs 100 tokens, 95 tokens will go to the restaurant and 5 tokens will be distributed among the seller, promoter, consumer, restaurant (as a reward) and community.

ICO Details

Pre-ICO token supply: 50 000 000 FOOD
ICO token supply: 300 000 000 FOOD
Total tokens for sale: 1 000 000 000 FOOD
Soft cap: $ 100 000 USD
Hard cap: $ 25 100 000 USD

Legal

ICO Platform: Ethereum
Country limitations: USA, Canada, China
Registration country: Germany
Registration year: 2018

Token info

Ticker: FOOD
Type: Utility-token
Token standard: ERC223
Token price in USD: 1 FOOD = 0.10 USD
Accepted currencies: ETH, BTC
Bonus program:
Pre-Sale: 90% - 60%
Sale: 50% - 10%
Token distribution:
9% - Founders
3% - Team
3% - Advisors
20% - Community
5% - Pre-Sale
30% - Sale
25% - Marketing
5% - Reserve
Funds allocation:
25% - Marketing
25% - Product Development
10% - Initial Operation
10% - Community Development
10% - Expansion

FoodNation (FOOD) Roadmap

1
Q1 2018

Market research
Business model development
Brand and concept
White Paper conception

2
Q2 2018

Client application flow
Institutional site
Investidor disclosure

3
Q3 2018

Start the token pre sales
Telegram community
Client application alpha version
Restaurant application flow

4
Q4 2018

Finish the token pre sales
Client application beta version
Restaurant application alpha version
Community-only tests
Disclosure for sellers

5
Q1 2019

Start the token sales
Restaurant application beta version
Client application 1.x version
Pilot in city to be defined

6
Q2 2019

Finish the token sales
Relevant exchange listing
Community alpha version
Mainet Switch
Live operation in up to 10 cities

7
Q3 2019

Anti-fraud mechanisms (validators)
Restaurant application 1.x version
Community beta version
Live operation in up to 20 cities
Decentralized search beta version

8
Q4 2019

Community 1.x version
Rating restaurant feature
Partnership with exchange for transparent
payment (credit card)
Chat bot (Whatsapp, Messenger,
WeChat, Telegram, etc)
Live operation in up to 50 cities

9
Q1 2020

Decentralized search 1.x version
Important digital influencers on board
FoodNation world celebrity on board
Live operation in up to 100 cities

10
Q2 2020

Integration with delivery platform
Restaurant promotional control
Live operation in up to 250 cities

11
Q3 2020

FoodNation payment on store
Community take on 100% management control
Live operation in up to 500 cities

12
Q4 2020

Recommendation plates and restaurants
Community take on 100% development control
Live operation in up to 1000 cities

Project team

CO-FOUNDER in FoodNation (FOOD) - 1
Nikola Wyatt
CO-FOUNDER
CO-FOUNDER in FoodNation (FOOD) - 2
Neo Dula
CO-FOUNDER

Social media

Web-site Reddit Medium Telegram btctalk Twitter github

User rating:

5/5 ( 1 )

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