TEU tokens want to make shipping smarter using blockchain technology. TEU is a standard unit of a container box that will facilitate booking. The application of the blockchain technology –in ethereum platform will link consumer, retailers and consumer liners. The use of the TEU tokens will reduce inefficiencies in the supply chain where retailers will maximize sales with lowest inventories. Customers don’t have to do put a cash deposit to do the booking.
If customers don’t show up to pick the containers, there will be no consequences or money lost. The TEU tokens will be distributed for free to the industry user-free tokens to miners and customers to use as booking deposits. Thereafter the TEU ecosystem fees will be payable by the use of the Free given TEU tokens. The backup of the value for a single token will be the secondary market with a price of 1TEU equivalent to price of one container.
- The Tokens are seen to be much effective than the use of other cryptocurrencies to make payment as they will be given for free. TEU will employ the use of smart contract where customers and liners can submit TEU system to the blockchain platform. The customer will submit the booking and the liners will confirm the booking. If the liner or the customer defaults, there will be no charges of whatsoever kind. Token distribution will be initiated by the shipping and liner sign up to the TEU system. The TEU tokens location is in China and value of a single TEU will be equivalent to the cost of one container. The price will not be constant as it will be determined by the secondary market.
- Rates and Bonuses
Token infoToken : TEUPlatform : EthereumType : ERC20Investment infoMin. investment : 0.1 ETHAccepting: ETH, BTCDistributed in ICO: 40%Soft cap: 2000000 TEUHard cap: 20000000 TEUBounsEARLY BIRD BONUS: 50%VOLUME BONUS: 100%REFERRAL BONUS: 20%
- Johnson Leung
- Co-founder and the COO of Harp Angell, Inc.
- Jonathan Lee
- Eugene Kim
- David Yeung
- Ex CEO of AIG Capital Partner
- Kai Lung Hui
- Chair Professor of HKUST
- Thomas Eskesen
- Eskesen Advisory