A2B Direct recently announced the news of their upcoming Ethereum-backed ICO. The crowdsale is set to go live on July 12, 2017 and will run for a month. The campaign seeks to raise €500,000 to €3,000,000.
The logistics company currently operating in Eastern Europe was first introduced in late 2016, and has since become widely known as a “freight Uber.” The service provides direct interaction between freight forwarders and cargo owners, ensuring 24/7 communication with the driver, and taking care of all involved paperwork while getting rid of forwarding expenses.
A2B Direct is already operational and does not require funds to develop a solution. Rather, the company seeks to finance transferring the platform onto blockchain via the ICO. The move will help them cut expenses for international transportation and make business easier for both carriers and customers while allowing the platform to work with fiat and cryptocurrencies at the same time.
Just like the traditional shares, the A2B tokens will enable the investors to receive their share of the company’s profits. Investments during the ICO will be accepted in Bitcoin, Ether, and Dash, and will require that users register a personal wallet to run all financial operations during the campaign and later receive dividends for the company’s further operation and progress.
A total of 30,000,000 tokens have been issued and the token price will depend on the number of vehicles subscribed to the platform, therefore their price will directly reflect the platform’s activity. Owners of A2B tokens will be entitled to use them as soon as they are received.
The investors will be entitled to 6% of annual dividends if the platform manages to sell 2-19% of the issued tokens. While, the investors will receive 10% of the profits annually in case of more than 20 per cent of the token being sold. Additionally, A2B will award bonuses to token holders as of 2018.
Depending on the amount of funds raised over the campaign, the company has rolled out several development strategies.
If the campaign manages to raise €500,000, A2B Direct will focus on hiring Ethereum and blockchain developers. The company will also launch a European office and adapt its services to European standards if €1,000,000 is raised. Should the campaign raise €2,000,000, A2B Direct will open several offices in Europe while adapting its services for the specific needs of a particular country.
Finally, if the company raises €3,000,000, they will launch an American office. In case the company fails to raise €500,000, the investors will receive their contributions back.