panjilaras: ICO Review FOLLOWINE

FOLLOWINE

First True Limited Cryptocurrency

WHAT IS FOLLOWINE AND WHY THE WINE COIN?

Followine is the first ecosystem that aims to fight against the counterfeiting of wine, by using the Blockchain Technology.

Followine is a circuit based on Wine Coin, a Token that provides self-sustainability and inclusiveness to the entire Followine circuit.

Every year counterfeit wine bottles placed on the market and sold reach quite alarming figures, all over the world.

The estimate, direct and indirect, damages to wine world market exceed € 85 billion.

According to the EUIPO study, in Europe alone, confiscated bottles of forged wine has a value of 500 million euros per year

MISSION

“Create a global eco-system that connects wine world stakeholders and consumers together, encouraging the realization of new international communication and business model”

CIRCUIT

Consumers

The consumer, simply by scanning QR codes, receives points that will be converted into Wine Coin. The consumers can use them on the Followine marketplace or on e-commerce partners, or they can store them in their wallet and / or convert them to FIAT.

E-Commerce

E-commerce, and other partners, can use Wine Coins to purchase Followine services, such as Wine Scanner, or buy wine from participating producers and / or convert them to Fiat.

Manufacturers

The manufacturer can pay Followine anti-counterfeiting services; in addition, he can purchase additional services in Wine Coin or use them as exchange coin on the Followine B2B platform.

Followine

Followine Tokens that will come back to Followine will be inserted into the circuit and distributed through the scans of the QR codes. In this way, we will create the first circulating Token among several stakeholders.

This is what an Utility Token means to be, for us!!!

WINECOIN

Token Name: WineCoin

Symbol: WINE

Token Type: ERC-20

Max Decimals: 3

Max Potential Supply: 250.000.000

Tokens for Sale: 135.000.000

Tokens For sale Pre-ICO: 15.000.000

Tokens For sale ICO: 120.000.000

Token Price: € 0,10

Token Price Pre-ICO: -70%

Token Date Sale: Dic/2018

Closing Date: 28 Mar 2019

Soft Cap ICO: € 1.000.000

Hard Cap ICO: € 12.000.000

Currencies Accepted: ETH, BTC

TOKEN DISTRIBUTION

54% Crowdsell

25% Mining/validator

8% Bounty & Airdrop

5% Team

5% Advisors

3% Exchange

ARE OTHER CRYPTO REALLY LIMITED AND SCARCITY?

Well hypothetical yes, because they have just 18 decimals, in most case, but in real world they aren’t.

What means limited and scarcity resource?

Scarcity refers to a gap between limited resources and theoretically limitless want.

A scarce good is a good that has more demand than supply.

Ex. The demand of a coin, in this case BNB (binance), can’t reach the supply limit, because the max supply is 192,443,301.0000000000000000000 that means that the max supply value can be at present market value

€1,911,514,493 Trillion, according to Federal Reserve and Money Project the Broad Money Value is 90.4 Trillion Dollars. So, the Supply are going to be always Bigger than the Demand, because the demand can’t reach in any case the value of the max value of the supply.

WineCoin and 3 Decimals

For that reasons we studied our market and find out the right decimal numbers for Wine Coin.

The Wine market value, according to statista.com, is $ 155 Billions, with a Cagr of 5.8% for the next 10 years the max value of the market will be $272 Billions.

ROADMAP

Pilot Project 2018

Pilot starts with the first Italian companies that believed in the project.

2018 November

Start Bounty & Airdrop and whitelist subscription

2018 December

Pre-sale – 70% bonus

DAICO February 2019

Thanks to the crowd-sale we could have more consumers, more customers and enough funds to improve the whole project

2019 April

End of Token distribution cfor bounty and airdrop

2019 December

Listing WineCoin

Engine On 2020

Our B2B platform will start and the entire WineCoin circuit will be launched with all its B2B / B2C features on. New partnerships, new products, new services, many new features.

2020 January

Start distribution Token Advisor and Team

2020 July

Launch of marketplace for e-commerce and producers

Followine 2.0 2021

Second version of the algorithm will be improved by new data analysis and forecast calculation

2021 July

Release Wallet Followine for Hyperledger.

2021 September

Final phase of the beta stage for blockchain based on Hyperledger and PoET consensus for B2B partners.

Blockchain 2022

The new Blockchain will allow us to trace every single bunch of grapes. The principles: Decentralized, Public, Transparent, Self-sustainable, Included, Fast and Economic

2022 January

Activation of the “Burnout” function

2022 July

Start with single grapes tracing

IA 2024

SARA is born to help us to realize our vision. The new AI will allow us not only to automate and improve processes but even to be able to prevent more and more types of counterfeiting.

TEAM

We know the value of the sacrifices and the money, at the moment the monthly expenses of the team are less than € 5,000. We use them for our rentals, our cars, our office, our food and our moments of relaxation.

Fabio Guida: CEO

Erika Rosenstein: ICO Advisor

Raffaele Della Rotonda: ICO / Legal

Ermanno Petrenga: Accountant

Armando Ponticelli: Designer

Daria Malyutina: Sommelier

Giuseppe Garofalo: Social Media Manager

Michele Massaro: developer

Giuseppe Morra: developer

Emiliano Giustarini: Sales Manager