11 Jun 2018

thumbnail

Vanig - Integrated E-commerce and Supply Chain Ecosystem

Description Product

Vanig is a blockchain-based product designed for supply chain management. It is an integrated solution for e-commerce and supply chain. Founders believe that this product can make supply chains more transparent, and more direct from point of view of the final customer – i.e. the product can reduce the number of middlemen between manufacturer and e-shop and the final consumer.

Vanig also will provide provenance information about its goods, so it makes the product more trustful for the customer, and Vanig will help the consumer in the direct tracking of their supplies – it will use RFID sensors with data translated in blockchain database.


Vanig tokens will be used as preferable, but not single internal currency. Additionally, it will be a reward tool for buyers.
Vanig MVP is available on product’s website. Alpha version will be launched in December 2018; full release will be performed in June 2019. Its Telegram channel has more than 19K followers.



Business Plan

WP contains basic information of token economics (63% will be sold on open market; 20% will be used for team, advisors and legal with lock up to 24 months; all unsold tokens will be burned) and funds usage map (30% for business development; 30% for marketing and sales). So, with paying attention to more than 19K followers in Telegram channel, the product has a good chance of having X after ICO.

Additionally to WP, there is existing Business Model document which contains the detailed financial model of the project, launch plan, and competitors analysis.


Marketing Strategy

The project has well-described marketing strategy with the selected initial market, bounties for ICO and detailed rewards program for actions during the working period of product (1st use, making reviews, listings; different consumer statuses etc).


Team

The team presented on the website looks professional, well-balanced and having marketing, management, and IT professionals. A deep check of both founders’ LinkedIn profiles shows suspicious thing: they are unverifiable, i.e. there are no confirmations of their previous experience (like recommendations from these workplaces) and no confirmations of listed skills.
Advisors team looks professional and some of them have confirmation of partnership with Vanig in their LinkedIn profiles


The Vision of the Market

WP contains a brief information of online sales market volume (global and divided on different countries with selecting project’s initial market countries (ASEAN – top countries of East Asia). Business Model contains a detailed analysis of competitors, risks, and threats, SWOT analysis of the project. The main competitor of the project are Amazon.com, TMall, JD.com,


Understanding of the Target Audience

The initial market of Vanig will be East Asia market because founders believe that there will be demographic boom and an increase of e-commerce volume. The target audience of the project will be middle-class related and internet active person. The middle class population will be estimated as 400 million in 2020 (190 in 2012) and a total number of internet users in 2025 will be 600 million (200 in 2012).


Competitive Advantage

Vanig will have these advantages over existing competitors:
  • Fees and commissions will be less than existing because of project’s blockchain nature
  • Payment cycle will be shorter because of cryptocurrencies usage
  • Sellers will be verified and all goods movement will be trackable.

Summary

Project strong sides: interesting and useful idea; detailed financial projections; well-analyzed market and marketing strategy; proved advisors.
Project weak sides: suspicious founders’ LinkedIn profiles.
So our position is positive.



READ MORE ABOUT INFORMATION
 Website
 Blog
 Whitepaper
 Facebook
     Twitter
      ANN
 Bounty 
 Telegram chat
      Github




Author





        
============Contact Me=============

On Bitcointalk: Bangkecol
Profile: https://bitcointalk.org/index.php?action=profile;u=924628 Telegram Channel : https://t.me/ico_newwol
Instagram : https://www.instagram.com/aix.92
Donate :ETH : 0xC69e3CD404c4Eee62A9BA237a6cE76a49980BF9a

Subscribe by Email

Follow Updates Articles from This Blog via Email

No Comments