9 Jun 2018

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CargoCoin Blockchaining Logistics

CargoCoin is designed to be a smart contract, cryptocurrency platform, decentralizing global trade and transport. The platform target is to facilitate and optimize the interaction amongst traders, freight forwarders, shipping lines, booking agents as well as all other parties involved in the international trade and transport of commodities and cargoes. The platform users experience outlines well-balanced ecosystem based on cutting-edge crypto security and frictionless interaction. CargoCoin objective is to provide a global marketplace environment and utilities for facilitation of trade, transport, exchange of documents and payment options at low cost in real time. The platform architecture is based on the principles of a high level of security, transparency, traceability, and accountability. It is set up in a way that the participants can take advantage of any part of it alone or in combination with other sections. It can be used as a very simple platform or as a complex smart contract utility with various payment options. The link between physical trade and transport with online crypto technologies delivers the opportunity for implementation of a large-scale project and allows for further expansion. CargoCoin platform options provide infinite possibilities for added value to the users and the participants. All utilities on the platform operate with CargoCoins. The ultimate aim is boosting demand and facilitating the usage of the tokens. CargoCoin Team interest is set in line with the interest of the ICO supporters!




What is CargoCoin?

CargoCoin, a UK based ICO project, is designed as a smart contract, cryptocurrency platform decentralizing the global trade and transport. Creates a strong link between the Physical world and the Crypto universe. Its main objective is establishing a free global marketplace for trade and transport, backed by blockchain and smart contracts. And the ultimate objective is to enhance and increase CargoCoin’s CRGO token value.

According to their Whitepaper, the project’s foundation is based on two main pillars:



  1. The online platform – allows various parties to connect and match each other in the most profitable and speedy way. This includes exchanging information on cargos, their transportation needs as well as supplemental services.
  1. The smart contracts – used as electronic means of recording the whole process from offer to delivery, or to facilitate the actual payment. It can be the direct payment, escrow payment or escrow payment type with partial funds release at various stages.

Transport platform

Dedicated platforms for the different types of transport in development will be interconnected, allowing for infinite transportation functionality. The objective is the creation of synergy between the commodities & cargo traders with all transport means on a global scale. The integration of all participants and tools delivers unique, one of a kind ecosystem

Smart Contracts

CargoCoin utilizes the transport platform, as a secure transfer and storage method by the means of smart contracts, as well as a payment provider for transport services and cargoes. Fully unleashes the potential of cryptocurrencies to act as an interactive way of sending, receiving, approving, rejecting and signing documents through the process.

SOLVING THE PROBLEMS OF THE SHIPPING INDUSTRY

The CargoCoin blockchain technology delivers revolution to the trade & transport by fostering optimization.
CargoCoin solves a number of problems in the shipping industry:

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Reducing Fraud

CargoCoin minimizes the risk of fraud and in many cases completely eliminates it, by not releasing any payments until the counterparties’ pre-set conditions are fully met.
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Lowering Costs

CargoCoin reduces costs, compared to high percentages, charged throughout the process by banks, brokers, agents, lines, ports, customs agents, couriers, insurers, etc.

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Minimising Delays

CargoCoin avoids the delays by providing instant exchange, review, and approval of documents and payments between the parties involved in the Smart Contract
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Increasing Trust

CargoCoin relies on the public infrastructure of the Ethereum blockchain, backed by thousands of people in a peer-to-peer decentralized infrastructure.
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Securing Information

CargoCoin is naturally secured. It relies on the blockchain’s proven hashing algorithm technology without the possibility of information leakage.
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Safe Archiving

CargoCoin, not just allows but fully relies on full historic storage of all transactions ever conducted, thus avoiding risks of physical loss or destruction of paper documents.

Market Potential

  • According to statistics, there is a potential of $US 380 billion in freight payments (*UNCTAD 2016).
  • The overall value of sea-borne trade reaches up to $US 12 Trillion (**WTO 2016).
  • Millions of users.
  • Limited competition, only partially covering the services sector of CargoCoin’s platform, and with high monthly fees.
  • No Bills of Lading and Letter of Credit smart contracts currently available on the market.
* United Nations Conference on Trade and Development
** World Trade Organization


The ICO

CargoCoin’s designated short symbol: CRGO.
A total supply of 100 million tokens will be offered at stage 1, each with 18 decimals.
The ICO is broken down into two stages: pre-ICO and actual ICO.
The pre-ICO run for a very short time period and open to the public for a set time frame (from April, 1st 2018 @00:00 – April, 15th, 2018 @ 23:59). Price of 1 CRGO is fixed at USD 0.50 during the pre-ICO stage. A total of 10 million CRGO tokens are distributed. Supporters were able to purchase the CRGO token at 50% of its regular price.
Following the pre-ICO, the actual ICO takes place, with 55 million tokens to be distributed at the price of USD 1.00 (April, 16th, 2018 @ 00:00 – May, 15th @23:59). The ICO duration could be extended with further phases if the hard cap is not reached.
The hard cap is estimated to reach USD 55 million.
Estimated total capitalization of CargoCoin upon the initial coin offering stage 1 is USD 60 million.
Participating in the Initial Coin Offering
To purchase CargoCoin you can visit
https://www.thecargocoin.com after April 1st, 2018 and contribute to the project or click here
CargoCoin’s Roadmap can be found here.

CargoCoin Founding Team

REGISTERED COMPANY NAME

Cargo Technologies Limited [Company No. 11234558]


REGISTERED COUNTRY

United Kingdom



Bogomil Alexandrov
Bogomil Alexandrov
 Founder  


Martin Iliev
Martin Iliev
 LinkedIn founder 


Cpt. Ilkay Topcu
Cpt. Ilkay Topcu
Shipping, Transport & Container specialist 


Christina Sarastova
Christina Saratoga
 
Shipping & Transportations specialist


Iliana Ilieva
Iliana Ilieva

Business developer


Samuela Valkova
Samuela Valkova
PR & Marketing expert


Piyush Gupta
Piyush Gupta
Blockchain Developer

Kaushik Ghosh
Kaushik Ghosh
 
Blockchain Developer





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