Hype rating: 62
Description: The world's largest farm-to-tale fresh food ecosystem goes to blockchain.
Start of ICO 22.02.2018 End of ICO 22.02.2018 Hard cap $19,100,000 Raised $19,100,000 (100.0%) Token Sale Price $0.05000 Whitelist Closed (Until 17.Feb.2018 JOIN) KYC YES
|Market cap||Volume (24h)||Circulating Supply||Total supply||Return|
|$4,655,806.00||€4,069,226.00||¥31,968,162.00||$11,246.30||€9,829.39||¥77,220.49||507,715,350.00 TFD||567,917,833.00 TFD||x 0.18|
Enterpreneur, president of the High Tech Association HCMC. 20 years of strategic leadership, marketing and sales experience in Asia and Europe.
Enterpreneur, leader of two successful corporate IT development companies in Hungary (Erba Ltd., Flexsys Ltd.). 23 years of leadership, and IT project management experience.
Enterpreneur, marketing leader of IT development companies (Erba Ltd., Flexsys Ltd.). 21 years of marketing, sales and project management experience.
Former Ernst & Young consultant, and long time manager of environmentally conscious projects.
Food industry expert
Master in Plant Protection, 18 years at Syngenta in several managerial position for diverse portfolio & agriculture technologies in broad geographical areas. Experineced in Digital Agriculture at different companies.
Dr. Gabor Pajor
Food industry expert
Veterinary - Informatics. 20+ year experiences in data analysis, data science, data mining. Digital Agriculture expert in the Big4 environment, founder of the Hungarian Precision Agriculture Association.
Blockchain and business consultant
Founder and CEO of Interticket, a traditional software company operating globally. Co-founder of Blockchain Competence Center, a European management consulting and professional service company specialized in the Blockchain industry.
Dr. Michael Patching
Independent Animal Welfare and Husbandry Advisor
Australian Veterinarian with a Masters in International Animal Welfare Ethics and Law and 13 years experience as a large animal veterinarian. Michael is the current Vietnam Livestock Services Manager for Meat and Livestock Australia(MLA). MLA is the Australian red meat industry service body that works with both Government and industry globally to support the ongoing development of international markets with a focus on improving animal health and welfare, market access, and supply chain capacity.
Abraham Endre (Silur)
Chief Architect, blockchain team
Cryptographer and programmer. One of the authors of cSploit and contributor to known security frameworks, member of Ethereum Foundation's ewasm and research team.
BDO Leader, blockchain team
Founder and owner of successful corporate IT development companies in Hungary. 20 years of leading edge technologies, security and scalable architectures.
DevOps, blockchain team
Over 15 years of experience with various Fortune 500 companies and startups. He has managed changes in large scale infrastructures without downtime while customers were actively using the system. Besides engineering István has experience in managing onshore & offshore software teams delivering mission critical systems.
Lead Developer, blockchain team
Over 12 years of experience in software engineering, focusing on large scale systems in the financial, chemical, big data space. 6 years experience in part time lecturing in computer science (ADA, Java, TDD, Parallel programming).
Blockchain technology consultant
An economist, investor and entrepreneur with fare share of experience at multinational companies and startups. Blockchain and cryptorcurrency expert.
Mobile app developer
10 years of software development experience with corporate, mission critical systems.
Senior sotware engineer
11 years of software development experience. Server side back end professional.
5 years of software development experience. Specialist of AI algorithms.
13 years of software development experience.
14 years of hardware and embedded software development experience.
6 years of database administration experience.
Senior IT infrastrucutre engineer
17 years of Linux system administration experience.
IT infrastrucutre engineer
11 years of system administration experience.
Elements of TE-FOOD
- Learn more about the elements of TE-FOOD
- Learn more how the elements complement each other in the TE-FOOD ecosystem
How TE-FOOD works
TE-FOOD enables all companies of the fresh food supply chain to manage logistics and food safety related data in their operations.
Identification tools of various technologies are applied to livestock, transports, and fresh food packages to follow the items throughout the whole supply chain. Fresh food products in retail can be traced back to their origins together with food safety related information.
TECoins represent a payment tool to use within the TE-FOOD system. It can be used for the following purposes:
1. Pay for transactions
2. Pay for value added information
3. Rewarding conscious consumer behavior for using our Consumer mobile app
4. Consumers can buy quality analysis services
- Learn more about the token economy of TE-FOOD
- Learn more about the challenges of a food traceability implementation
TE-FOOD in numbers
What is the business model of TE-FOOD?
TE-FOOD’s revenue sources:
1. Selling physical and logical identification materials
2. Charging transactional costs
3. Selling food transport environment sensors
4. Charging monthly or sales volume dependent fees on the marketplace
TE-FOOD has more implementation models. It can be implemented by a company (food producer, retailer) to require traceability data from its suppliers, or it can be implemented by a government for the whole supply chain in one or more geographical regions / food categories. For government implementations, TE-FOOD prefers PPP (Public Private Partnership) model, where the government acts as regulatory authority, not as customer. TE-FOOD provides consultation services for the authorities, does the implementation, and trains the supply chain.
Social problems to solve
- 1 in 10 people gets ill each year from foodborne diseases.
- Lack of food safety processes result in the death of 400,000 people, mostly children
under age 5.
Antimicrobial resistance, overuse of antibiotic drugs
- Common overuse of animal antibiotics caused the emergence of antibiotic-resistant infections, which totals $20 billion in health care costs each year only in the U.S.
- By 2050, antimicrobial resistance (AMR) can cause low-income, developing countries to lose more than 5% of their GDP and push up to 28 million people into poverty.
- Food sector is the most affected industry by economic inequality.
- Employees in agriculture among lowest earners.
Migration caused by climate change
- Climate change has the biggest negative impact on the agricultural sector.
- Migration caused by climate change is a growing threat to a lot of emerging countries, which has serious global impacts.
Food frauds, mistrustful supply chains
- Public sector corruption takes out $1.5 trillion to $2 trillion annually from the global economy in the form of bribes and costs far more in stunted economic growth, lost tax revenues and sustained poverty.
- Food frauds have serious economical impact of $55B.
Low VAT revenue, high VAT rates
- In a lot of developing countries it is very hard to follow the real quantity of retail transactions, which results in high VAT rates on legal trading to compensate the loss.
Global food traceability market will reach $15.1 Billion by 2021 (Allied Market Research).
Compound Annual Growth Rate of food traceability is the highest in Asia-Pacific (16.7%) compared to the rest of the world (5.5-8.7%). (Allied Market Research)
TE-FOOD’s primary target markets are the emerging countries. The reasons:
- 65% of the food frauds, foodborne illnesses and deaths happen in the emerging countries
- In many emerging countries, corruption is very strongly present in food supply chains, and is a major obstacle in making supply chains transparent. However, there is a strong will in governments to make this industry cleaner, which gives a strong regulatory background.
- Supply chains in emerging countries lack any form of a traceability system. But they have the opportunity to skip several stages of technological advancement. They simply leave out DOS based applications or Excel, and jump from paper based transaction register directly to blockchain based, mobile app driven operation using QR codes.
- Growing middle-class in emerging countries, and increasing awareness among population drives growing demand for consumer level product history insight. Our technology and implementation methodology fits perfectly in the needs of emerging countries.
- Emerging countries represent 60% of the world's population and 45% of its GDP.
- Read about why TE-FOOD focuses on emerging countries
- Download our White Paper to read about our marketing and sales strategy, SWOT analysis, sales model, pricing strategy, competition analysis, and financial plan.
As a ready solution, TECoins are immediately usable after the token sale to buy services on TE-FOOD.
Utility of token
TECoin represents the identity and information data of tracked items. Supply chain members pay with tokens for transactional fees, and value added item information. Consumers are paid for using the Consumer mobile app and read food product QR codes, and can buy quality analysis services.
Total token supply
Tokens for sale
400,000,000 TEC (40% of total)
List price of TE coin
1 TEC = US$0,05
Token sale volume
Bonus levels are based on time intervals, and additional volume discounts based on individual transaction values:
1st week - 15%
$100,000 and above - 15%
Accepted payment options
ETH, BTC, USD, EUR