Topic: [ANN][ICO] TE-FOOD: World's largest fresh food supply ecosystem on blockchain - page 12. (Read 18295 times)

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interesting projects.
can you tell the main differences with TRAC (origin trail)?

are there any bounty campaign?

Correct! We need to wait a bit, and TE-FOOD will outperform all competitors! This is an ideal project for a long-term period.

CoinCodex added TE-FOOD coin, you can now add the coin to your portfolio!

They already ARE using our product:

https://twitter.com/TE_FOOD/status/957898375067787264

https://twitter.com/TE_FOOD/status/955745031704535040

The below summary is created by a TE-FOOD community member.
https://www.reddit.com/r/TE_FOOD/comments/81yd92/summary_tefood/

Te-Food Summary

Te-Food * https://www.te-food.com * https://ico.tefoodint.com/index.html

TE-FOOD (TFOOD) is introducing blockchain technology to the fresh food ecosystem in Vietnam. The core premise behind TE-FOOD is food quality traceability to ensure food safety and accountability to the end consumer. In short, TE-FOOD is a farm-to-table food traceability solution. The project utilizes blockchain technology to integrate supply chain companies, consumers, and governments/authorities in an effort to improve food safety, eliminates food fraud, and decreases costs of the supply chain companies.

Introduction video https://www.youtube.com/watch?v=qot-VCUgpng

Te-food is already a company with a working product and a real revenue. In the crypto-scene, this is a great advantage because it’s very unusual. Since 2016, TE-FOOD is implemented in Vietnam (Ho Chi Minh City region) for tracing pigs, pork, poultry and eggs through the whole supply chain from farm to retail. The system tracks 18.000 pigs, 200,000 chickens and 2.5 million eggs each day, serving 30 million people. They already got coverage on the television. Market expansion is the main reason why they launched a fund raising.

http://vnews.gov.vn/tp-ho-chi-minh-trien-khai-truy-xuat-nguon-goc-thit-trung-gia-cam https://www.youtube.com/watch?v=2Y3n1LHHg6M

Whitepaper https://ico.tefoodint.com/te-food-white-paper.pdf 13000+ members https://web.telegram.org/#/im?p=@tefood

Company hierarchy https://medium.com/te-food/company-hieararchy-of-te-food-due-diligence-series-b5211f902738

ICO statistics

22/02/2018 Total token supply : 1,000,000,000 Tokens available in sale : 512,000,000 Total hardcap : $ 19,000,000 Hardcap public sale : 4128 eth

Overall the team did a very good job, this in contrary to alot of other ico’s. The telegram group was muted upfront to encounter scammers. The last digits of the ethereum adress was also given out upfront to ensure people wouldn’t send to the wrong adress. The gwei usage and gas limit settings where capped at 50 gwei + 200K gas to avoid a typical gaswar. To participate, KYC and whitelisting was needed. This was stopped at 14/02, to protect the investment of early followers. Max cap at ico was set at 1eth/contributor to give alot of people the possibility to be part of this happening. After 14minutes, the 4128eth were reached, a great succes. The tokens are released and locked for 14days. Many people are always afraid of high pre-sale bonusses. In this case, these discounts were offset by the volatile ethereum market during the presale until the public sale. The difference is only 10% which should give alot of people confidence. 20.000 ether was rejected during the presale, which is as big as the total hardcap. As mentioned earlier, this fund raising went very smooth and was done profesionally. I sincerely hope that this will become the standard for other ico’s.

Mission

Improving food safety around the world and change the way we approach food. Fighting off the massive corruption in the food industry, diminish the effects of frauds and make food supply transparent. That’s also the reason why we will use blockhain, since we believe that big industry players can corrupt data on centralized systems. We want to provide legitimacy by using the blockchain. Using a general food safety ledger, improves supply chain efficiency. This trough the mitigation of redundant identifications and activities. For example double vaccination or use of antibiotics. This can lead to decreasing costs.

Team The 21-year-old IT company, Erba Ltd. has 30 developers, from which 12 work on TE-FOOD. They have every type of developers ready to assist them in their tasks: front end, back end, blockchain, AI, hardware, system administration. For the blockchain part, Abraham Endre (Silur), former member of zCash team, member of Monero team, and member of Ethereum Foundation’s research team is the most well known. https://icobench.com/ico/te-food/team

Target markets The main focus is primarily on emerging countries where Te-Food can show the advantages of the product the best. Recently, a representation office was opened in South Africa and negaotiations are running in Laos,Malaysia & Cambodia. Last countries are situated in the ASEAN region which means they are willing to export to China. China however is requiring traceability data to import, where Te-Food comes in handy. But also other negotiations are running in West-African countries for the implemention of Te-Food. As mentioned earlier, these countries are recieving our main focus. Nonetheless, as food trade is global, establishing partnerships in developed countries makes sense as well. A solution like Te-Food is also not available there yet. According to statistics, the size of the food traceability market will increase to $15B in the coming years. https://medium.com/te-food/why-does-te-food-focuses-on-emerging-countries-aa9e3450c8fb

Governemental support Getting backed from governments is important, since they have the power to regulate and enfore a market. Also sanctions can be giving for those who don’t follow the rules. The problem in most cases, is that they don’t know how to implement traceability on a big scale. But this is where our team try to consult them.

Why should organisations in the supply chain adopt Te-Food Mostly, the traceability costs are paid by the participants at the beginning of the supply chain (farms) . In reality, companies at the end of the chain (retails), are having the most benefit from the transparant data. Te-Food gives the supply chain companies an option to buy/sell value added information to each other. The farms can get an extra income for cooperation with the tracking of the data. That’s the model to encourage them for working with the system. These direct transactions can also be made by using Te-Food tokens. In summary the tokens will be used for paying transactions and paying for value added information. But also for rewarding conscious consumer behavior by using the consumer mobile app.

https://medium.com/@wolfcrypto/te-food-ama-with-wolf-crypto-351fadc38475

Real partnerships

Auchan: French retail group with 338,000 employees in 15 countries https://twitter.com/TE_FOOD/status/957898375067787264

Japfa: Listed dairy farming company in Singapore

CJ Group: Listed South-Korean conglomerate (one of the largest chaebols — no need for introduction)

Big C: Thailand’s second-largest hypermarket operator https://twitter.com/TE_FOOD/status/955745031704535040

AEON: Listed Japanese retail chain with 500,000 employees, operates across South-east Asia https://twitter.com/TE_FOOD/status/961187412079792128

CP Group: Thailand’s largest conglomerate (revenue of US$45 billion) https://twitter.com/twitter/statuses/953560938359160832

Lotte Mart: Hypermarket chain in Korea (of the vast Lotte Group) https://twitter.com/TE_FOOD/status/964403001409470464

They appear to have cornered the market in Vietnam with partnerships with major distribution points like Vissan, Satra Foods, Mega Market, VinMart etc. https://zintech.vn/cong-nghe-phat-hien-nguon-goc-nhung-mieng-thit-heo/

(Picture is showing a marketing board in Lotte mart to encourage users, real partnerships..)

Twitter coverage

Leaders of TE-FOOD South Africa are attending to the III Private Investment Forum Worldwide conference in Dubai, to present TE-FOOD. https://twitter.com/TE_FOOD/status/968801197367939073

Foothold in Sout-Africa, established under a franchise licence agreement with Laurel Africa. https://medium.com/te-food/te-food-gets-a-foothold-in-africa-780e65c10ffe

TE-FOOD signs partnership with Telenorma AG ( distribution & implementation partner Germany) https://medium.com/te-food/te-food-signs-partnership-with-telenorma-ag-43efdbd5088 TE-FOOD is presented at PREGA 2018 #conference on Precision Agriculture & Agro-Informatics to several #Food industry decision makers and governmental representatives. https://twitter.com/TE_FOOD/status/968137009767251969

TE-FOOD presented on #GS1 Global Forum 2018 in Brussels https://twitter.com/TE_FOOD/status/968415972586598400

Meeting with the government representatives of Dong Nai province in Vietnam. Establishing an Epidemic Free Zone with the help of TE-FOOD. https://twitter.com/TE_FOOD/status/960066884505874432

Erik Arokszallasi and Dr. Gabor Pajor present TE-FOOD in Brussels to Albert Dess from the Committee on Agriculture and Rural Development of the European Parliament. https://twitter.com/TE_FOOD/status/958696236596547585 GS1 and Gergely Koves from TE-FOOD presented at the National Food Traceability Platform conference in Budapest, Hungary, organised by the Ministry of Agriculture. https://twitter.com/TE_FOOD/status/956842973274177536

Te-Food identification materials https://medium.com/te-food/new-te-food-identification-materials-339d2961ff96

So how does TE-FOOD differ from other supply chain ICOs?

WABI https://medium.com/te-food/te-food-and-wabi-comparison-84377a67d0e8 WALTONCHAIN https://medium.com/te-food/te-food-waltonchain-comparison-f00696975309 AMBROSUS https://medium.com/te-food/te-food-and-ambrosus-comparison-edf1fc5d95ff MODUM https://medium.com/te-food/te-food-modum-comparison-3a98c1745718

Read more here: https://www.reddit.com/r/wolfcrypto/comments/7w4xi6/ico_of_the_month_te_food/

https://www.forbes.com/sites/larrymyler/2018/02/16/farm-to-table-how-blockchain-tech-will-change-the-way-you-eat/#2c38d4122c45

Why should Te-Food be listed on a big exchange

They raised a decent amount of funds for market expanse. Not for filling their own pocket, as they could easily raise 2–3 times the hardcap amount. Instead they declined alot of big offers. This means there will be a big demand. This would suit both parties obviously. Getting on a decent exchange is good for gaining attention by other investors, which means growth, more users and more market penetration.

As mentioned above, there is already a working product which is being used. The product itself is brilliant. Helping the world trough blockchain, more projects like this in media would bring benifits for the whole cryptocurrency market as well. Less food poisoning, less fraud and fewer deaths thanks to Te-Food. I can see this being covered easily in newspapers and television in the future. This will give the exchange also extra exposure afcorse. ( now already in Vietnam on television )

The team doesn’t want to hype it too much, they gained healthy attention for doing the fund raise. No hard shilling or crazy stunts were needed. The main focus is achieving more countries that will be working with them. Marketing afcorse is also a part of this , which is being covered by Marton. I spoke alot to him and i am assured of his profesionallity to keep giving Te-Food more attention, which they also deserve. Other members of the team can be easily reached, which came in handy for getting more information on the project. They are very transparant, friendly and want the project to succeed. If you read this summary and clicked multiple links, you should be aware that the team is working very hard to accomplish that. The team mentioned that huge news is going to be announced. Considering their profesionality, the news will be really big.

Getting partnerships will trigger a domino-effect, businesses will have to start using it or they will left behind. Because people will prefer buying food from a traceable source instead and not from sources without traceable food. This project will have a high grow rate.

If they are listed into the list customers than it mean they are using this service already. There is no confusing thing to understand easily this is much easy to see them among customers list.

Find this. I know BIG C and Auchan. They intersting in using your product? You have partnerships with them already?

Hi, if you go to our website ico.tefoodint.com, you can see huge companies listed which use TE-FOOD.

Dear TE-FOOD community! TFD tokens will be unlocked on March 08, 13:35 GMT. From that time, all tokens (bought without vesting period) will be tradeable.

i think idea and market is the important ,so TE-FOOD team collect enough money from ICO  to hire developer  ,the product will come true and will really change our life.

any plan about hit exchange dev ,can you share us something , the ico of TE-FOOD is really successfull , looking forward to hit major exchange in future.

A friend of mine suggested that I take a closer look at this project.
As for what I managed to read about it, I am very impressed with the idea and the potential real life adoption of the product.

The completely new approach that covers a bigger picture in the food industry, the usage commodity of the app itself and a real value and usage of the token, gives this project a big advantage before it`s ˝competitors˝, such as Wabi for example.
I think that based on today`s lifestyle and the population growing even faster that predicted, there will be more and more stricter controls about the food that is produced and offered to the end customer. And not only will there be a stricter inspection by the government authorities, but more and more people will wanna know more about what they eat, and where the food comes from. The fact that Te-food not only focuses on consumers usage,  but also on supply chain companies and governments authorities, gives this project just another added value.

I would also like to point out that the decision of the team, to focus on the emerging countries first, where the majority of food frauds are executed is simply great. There for, the practical usage of the product will eventually benefit the population of those countries and the product it` self will begin it`s adoption. Which in my opinion is one of the greatest challenges. In this case will be a win-win situation. Well adopted product will definitely benefit the consumers food recognition and reduce food frauds.

Seeing it from both perspectives; as an investor and a potential product user, talking for myself I see no reason not to invest. In this case I can support the team in their work and later on use the tokens for the purpose of using the product. I also believe that along the way I may even earn some money by trading a small amount of the bought tokens.
I missed the ICO opportunity to be already part of this amazing project, but will definitely keep an eye for when the tokens hit some exchanges so I can invest in the early stages of this food revolution.

Just a quick opinion I wanted to share  

No, not yet.

great projects, we need blockchain technology to ensure the safe of our food, but i have one question that i cant find any team member who is good at cryptos, and the devs seems not very strong according to the profile

I think its a great project , but which countries do you plan to implement it? I saw that you wrote that TE-FOOD is "used by 5,000+ companies", can you name some significant examples? Moreover, I think the idea of tracing what you eat is good, but what is the benefit of using block chain in this technology?

I am very impressed by the crowdsale) it finished before it even began)) i hope we will see success that will be even bigger than this))

A very interesting concept, creative new ideas. This project surely has a great future prospects. Project TE-FOOD is food supply innovation with technology blockchain where fresh food products market where provenance can be traced back with information on the food guarantee product safety for consumption. good luck project TE-FOOD and success icons was changed smoothly

Is this already traded anywhere?

I congratulate you on the successful implementation of ICO.
All the best to the project. I think you will be fine