Blockshipping ICO Report – Global Container Shipping Industry
Standard ICO Report Structure:
- Part 1: ICO Analysis (What is it about? What is the ICO intending to do? Describes what the platform is.)
- Part 2: CROWDSALE ANALYSIS – DETAILS & TOKEN SUPPLY
- Part 3: Useful Links (Further Research)
Part 1: ICO Analysis
Blockshipping is creating the Global Social Compliance Program or GSCP platform, which will be both the first real-time registry of the world’s approximately 27 million shipping containers and a joint platform for all players in the container shipping industry to operate upon. The GSCP platform will be based on blockchain and modern sensor technology and it has the potential to reduce costs for the global shipping industry to the tune of USD 5.7bn annually.
This decrease will reduce the global CO2 emission by more than 4.6 million tons every year. The GSCP ICO offers contributors a unique set of token features including the benefits of a revenue sharing model as well as a market maker fund that allows ICO contributors to sell their coins back to the platform at a floor price. Currently, there are significant problems in the shipping container industry, with large inefficiencies and a number of companies facing financial difficulties which the Blockshipping platform will need to solve.
The Blockshipping Solution –
Blockshipping has developed a unique revenue sharing model giving back a substantial cut of all future revenue on the GSCP platform to the owners of Blockshipping’s CCC tokens. Blockshipping is basing the model on conservative revenue estimates where they expect to reach a turnover of some USD 30.7 million in just over four years and at that stage giving the CCC holders a yearly reward of around 20 percent. On top of this comes the potential increase in the price of CCC.
Blockshipping’s GSCP platform is based on blockchain technology and other leading technologies and the model is scalable from day one. Blockshipping expects the platform to reach a USD 1 billion turnover in around 10 years. At that stage, the CCC token holders will get a yearly reward of more than 113% (calculated on the basis of the initial price per CCC of USD 0.62).
Reverse Dutch Auction Model –
Not only will contributor receive the revenue share based on the number of tokens bought during the ICO, but also get an additional revenue share from the new CCC tokens that they will receive on an ongoing basis if they decide to keep them. This system is based on a reverse Dutch auction model. When fully developed the GSCP platform will include more than 34 different products and services all related to the global handling of freight containers for a wide range of shipping industry partners – and all contributing to the revenue generation and the subsequent payout through the revenue sharing model.
Increasing Quality –
Through these developments the platform plans to increase the overall quality for the shipping industry. Being the first Nordic shipping-related ICO, the platform should bring a technologically focused solution to a market which has been around for years. Furthermore, with compliance of Danish law at 100% the token will be primed for success. Finally, these factors will allow for the highest standards to be implemented within the code and overall business model of the Blockshipping token.
Part 2: Crowdsale Analysis – Details & Token Supply
Tokens for Sale: 40,000,000
Token type: Utility Token
ICO Sale Phase: Pre-sale
ICO Distribution: The team will allocate 70% of the tokens to the public sale, 10% to the pre-sale, another 10% to advisors and media partners, then 5% to the founders and finally 5% to bonus for ico purchases.
Token Price: 1 CCC = 0.62 USD
Crowdfunding Usage: The team will utilize 45% of the funds raised as market maker fund, 25% to platform development, 20% for software acquisitions and finally 10% CPT giveaway.
Team Overview- Members and Advisers