Ufoodo ICO and Token Sale Review
Ufoodo aims to connect food delivery and the block chain in ways never before seen. Over the course of the last few years, the food industry has been shaken by online food delivery services such as UberEats and Skip the Dishes. These delivery services are super convenient and in turn, end up saving customers much of their precious time. Furthermore, many of these services offer delivery from restaurants which previously did not provide delivery.
Still, there are challenges that need to be overcome such as the restaurants that deal with these delivery services being faced with ridiculous commission rates and couriers receiving low working wages. This is where Ufoodo comes in. They plan to eliminate the need for a middleman and connect consumers directly with restaurants and couriers.
The Plan of Attack
Ufoodo aims at providing an on-demand delivery service for their users by using a completely decentralized network based on blockchain technology. For this, they want to eliminate the need for a third-party to be involved by offering users a direct connection to their favorite restaurants. They envision establishing a platform where users can access instant food delivery, as well as a convenient way for restaurants to work directly with couriers.
Users will be required to purchase the platform’s tokens known as UFTs by trading their Bitcoin or Ethereum tokens. In turn, these can be used to pay for food and drinks by establishing smart contracts with restaurants and couriers for their service.
Ufoodo’s ICO and Token
Investors and participants will purchase tokens as a way of contributing to the network and will be able to use them for Ufoodo services, as well as aiding in funding the network’s development and operations. There is a 40% pre ICO purchase bonus.
For example, participants who buy UFT tokens during the first 48 hours of the pre-sale will receive a 35% bonus. After that, participants will be given a 20% bonus. Afterward, during the first 48 hours of the main sale investors will receive a 12% bonus, followed by a 9% until the end of the sale.
The total supply will be 500,000UFT with 1ETH equal to 5,500UFT at regular sale price. The ICO has a softcap of 4,000ETH and a hardcap of 40,000ETH.
- Start Date2018-05-01
- End Date2018-05-31
- Payment MethodETH
- Total Supply500000000
Rates & Bonuses
- Bonus: 35-25%