Yanu ICO pre-sale is live since 10th of October 2018. The soft cap of $1 mln was reached within the first week of pre-sale, with most of it raised during the private sale. During the first weeks of pre-sale investors can buy Yanu tokens with bonuses. Pre-sale and public sale lasts until 12th of December 2018.
Yanu is a fully autonomous robot bartender that utilizes AI technology. It serves drinks, handles payments, identifies and communicates with clients. The robotic unit will address some of the common problems in bar business: high labor cost, human errors and theft, quality inconsistency, managing worker shifts, slow service, and inefficient room use. Taken that into account, Yanu will make running bars up to 80% more efficient.
The robot is built by an Estonian company Robolab OÜ and in cooperation with the University of Tartu. The team consists of entrepreneurs, industrial designers, engineers, scientists, sales and marketing experts.
As an increasing adoption of service robotics and a growing need for businesses to operate more efficiently, Robolab team will launch the robot on the market at the right time. A long-term forecast issued by the International Federation of Robotics shows that the market is expected to grow, with an expected average growth rate of 20–25% between 2018 and 2020. In terms of value, the sales forecast during that period indicates a cumulative volume of €23 billion and approximately 400,000 personal service robots units sold.
Robolab has closed a seed round of $650,000 from private Estonian fund earlier this year and is looking to raise $10 mln by the end of this year through ICO and venture capital.
“For us, ICO is a great opportunity to build our global community and let retail investors be part of our growth story, plus the usage of blockchain enables us to solve several problems,” explains Robolab CEO, Alan Adojaan.
Raised funds will be used on team expansion, scaling up the machine production and marketing.
The production of Yanu started in early 2017, which was preceded with nearly year-long research. Currently, the team has produced a functioning MVP and are planning to set up first robot bartender in 2019.
Investors who participate in the ICO will be able to get a bonus based on their investment amount and investment time (30% additional bonus on the first week of the pre — ICO). Yanu tokens are ERC20 tokens that can be used to purchase beverages from Yanu robot at a substantial discount. Additionally, bar owners and entrepreneurs who wish to be one of the first to attract more clients with Yanu robot can also buy the machines with Yanu tokens.
The price of Yanu tokens during the ICO is $0.1 per token. This is also the minimum guaranteed price by Robolab of which the clients can buy beverages, should the token price decrease on the open market.
Read Yanu whitepaper: https://yanu.ai/wp
Yanu website: http://yanu.ai
Buy Yanu tokens: https://my.yanu.ai
For investments above $100,000 or partnership, requests contact the company’s CEO Alan Adojaan [email protected]
Disclaimer: The opinions expressed in this article do not represent the views of NewsBTC or any of its team members. NewsBTC is neither responsible nor liable for the accuracy of any of the information supplied in Sponsored Stories/Press Releases such as this one.