Tasks and News
Token distribution is a huge red flag. The company will have 60% of tokens in reserve which they will put on market to replace the tokens that will get burned by being used. So even in the case this manages to lift off, there will be no great token appreciation until company runs out of tokens. It has a flip side though, as once company runs of tokens and people use their tokens to pay for alleged services, eventually the system runs out of tokens. If you have a constant token burn you need some sort of a way to create new tokens or you have 2 scenarios:
- your tokens run out
- your services become unaffordable
Not to mention that the token use cases outlined in the project documentation leave a lot to be desired. 1% of used tokens will go to conscious user reward, though! So we have that.
I also understand that companies will be getting their tracking hardware directly from the te-food company, for money.
This is has all the makings of a cash grab, the rewards are skewed heavily towards company issuing the token. Or completely, to be honest.
Want to be taken seriously in 2018 cryptosphere? Make your token a true utility token, that means every token holder gets a share of company profits. Payment tokens for services few users use is so 2014
Original stakeholders may receive said tokens from some sort of Airdrop to create immediate adoption but thereafter all stakeholders and new cistomers should earn same token via purchasing Liberbeer alcohol and associated promotional products.
I would categorize into small batches using each token via a single beer [1-token], 4-pack [5-tokens], 6-pack [8-tokens], etc.