Topic: [ANN] Bonafi - Fights counterfeits using Blockchain and Crypto-Tag - page 62. (Read 72691 times)

Please add the following team members:
Steve Kuh, CEO - 22 years as CEO of IT Tech firm
Roberto Medrano, Investor Advisor - 4+ Exits, Supply Chain
DR. BM Lee, Chief Technical Director - 12 years as Founder of Automotive parts Co, 10 years at a consumer electronics co.
Abraham Kim, Chief Marketing Director - 7 years as Digital Marketing
Daniel Kuh, Art Director - 4 years as Apps Dev and Graphics Dgn
JJ Lee, Apps Dev Director - 18 years as Software Engieer App Dev
JS Lee, RF Antenna Engineer - 14 years Automotive
Craig Clayton - 30 yrs Financial Consultant
Simon Cocking, ICO Advisor - 20+ ICO Exits, Senior Editor Irish Tech News Online Publication,
Joe Rubin, ICO Advisor - VC
Rachael McCrary, ICO Advisor - Sales and Fashion Industry

Strange, such a low rating in your opinion? Why?

Payment will be accepted: ETH, BTC, LTC, USD
Restricted from Participating: Cuba, Libya, Sudan, Iran, Yemen... all the countries that prohibited by the US SEC

ICO Analysis: Bonafi
Published on October 7, 2018
By Daniel Won
Proof: https://hacked.com/ico-analysis-bonafi/

Team
CTO Byongmin Lee: Lee was the founder at Tinnos, Inc., a Korean company producing automobile parts for 12 years and a senior member of research staff at Electronics and Telecommunications Research Institute.
JungSik Lee: Lee is the manager of HW engineering at Tinnos, Inc.

Advisors
Rachael McCrary: McCrary was a senior designer at Skechers and Delta Galil.

Verdict
Below is a breakdown of the risks and growth potential of Bonafi.

Risks
    Many blockchain supply chain management projects already exist and are further developed. (-1)
    The absence of team members working for world-class companies might make it hard to establish partnerships with huge companies. (-2)
    More information on the platform and the Crypto-Tag security would be better. (-1)

Growth Potential
    Permanent immutable nature of public blockchains is a perfect fit for supply chain management. (+2.5)
    The team has obtained enormous experience working in automobile part companies, an industry where counterfeit goods are a huge problem. (+4)
    Combined with a blockchain, the trademarked main product, the Crypto-Tag, ensures that the product is genuine. (+2)

Disposition
The existence of counterfeit products is a huge problem for everyone. The use of low-quality materials in production causes consumer health problems and even death in extreme cases such as in 2008 Chinese Baby Milk Scandal. To solve this crucial issue, many blockchain supply chain management projects have been launched. Most of these projects aim to create an immutable permanent transparent ledger of the product’s life from the very beginning of its production to the time the consumer obtains it so that any platform user can access to check the product’s authenticity. Bonafi is one among many, standing out with it’s the Crypto-tag product. Although the project seems promising, compared to similar projects, there are not many team members who have worked for Fortune 500 companies and this might make it hard for the project to establish connections and partnerships with such companies. This is a crucial element for any blockchain supply management project, because if there is no such partnership, then there is no chain of data to validate authenticity. Yet the team is highly experienced in the automobile parts industry in which counterfeit goods is a huge problem. More information on the platform and product security would be better to evaluate the project’s worth and estimate any return on investment as any security vulnerability would be costly. Bonafi receives a 4.5/10.

Investment Details
    Type: ERC20 – Security
    Symbol: BONA
    Platform: Ethereum
    Crowdsale: November 5th
    Minimum Investment: $100
    Price: $0.1
    Hard Cap: $15,000,000
    Payments Accepted: Unspecified
    Restricted from Participating: Unspecified

I saw that now some exchanges offer a listing of the security token. Why can't you list your token on their exchanges?

Yes, your own wallet, your own application, your own browser extension. Each crypto tag has its own encryption. Bonafi extremely competently approached the security of their system

Own wallet? That's not bad. Balance of tokens is always available in the application, fewer problems with transactions and transfers. Yes, Bonafi is doing well ...

Hi, you can use any ERC 20 wallet. But Bonafi said they would make their own wallet for security tokens.

Hi advise the wallet guys, which is the best at the moment? BONA token can be stored in any wallet, or need some special?

Hello to all. Here is one of the latest Bonfi articles. I recommend to read this!
https://www.bonafi.io/bonafi-launches-sto-to-fight-counterfeits-on-blockchain/

We don’t know exactly how much the market of counterfeit goods will grow, but the situation will deteriorate, so Bonafi must solve this in the coming years.

Great strong project with a global idea. It takes a lot of time, however, it is worth it. I think next year the amount of counterfeit products will increase from 600 billion to 700-800 billion. So, Bonafe came on time

No, the developers had previously said that the materials about the product, videos and photos, as well as reviews, would be embedded. This is only a further development of the idea.

Cool, this is the right decision. I understand you didn’t originally plan this? Apparently, you decided to interest manufacturers?

read here why it's profitable for manufacturers:
https://www.bonafi.io/bonafi-will-be-a-perfect-marketing-tool-for-brands-in-addition-to-being-an-anti-counterfeit-solution/

I am embarrassed only by the fact that brands want to cooperate? Well ... why should they? What will they get and why is cooperation with Bonafi somehow beneficial for them?

Yes, we can probably consider Bonafi as an option for investment this year, since we can be 100% sure that this project is not a hoax, it is struggling with an existing and liquid problem. There will be a great demand, there will be a large number of users.

Hello. Found your project and was pleasantly surprised. Cool idea, looks very quite curious. The existence of a real problem and compliance with US laws and regulations - all this inspires confidence and trust.

You should be aware that there is no officially supported by SEC exchange for the security token. However, as answered above, the custody period is a year, and when you receive your tokens, several exchanges will already work. Now more than 40 companies are engaged in creation of exchanges. The first exchanges for security tokens will be launched at the end of this year.

ICO ends on December 23, 2018. Now, during the Pre-ICO, the minimum amount to invest is $500. On the main sale the minimum amount to invest is $100.
You should know that the token custody period is 12 months. Only after this time will you receive them. This is the law.

Guys, when does your ICO end? What is the minimum amount to join? What should I know about when investing in Bonafi? I am new to investment, and I have never invested in a security token ....