|Since they originally appeared almost 11 years ago, cryptocurrencies have been promising a change that would make the world a better place for everyone. They offer a number of benefits over traditional finances, including lower transaction fees, decentralization, as well as the ability to reach everyone, whether or not they have access to the bank.|
|Start||March 8, 2018|
|End||April 12, 2018|
ICO description, Technical Details and Documents
Thanks to the invention of cryptocurrencies — and in extent, the blockchain technology — there seem to be more possibilities than ever, when it comes to revolutionizing different industries. Whether it is finances, healthcare, supply chains, gaming, or anything else, developers from around the world seem to have found use cases for blockchain, and methods in which it can make current systems better.
Blockchain comes with numerous improvements when compared to current technologies. It is more secure, decentralized, immutable, and it offers to give the power back to the people, and away from those who would keep it for themselves.
As such, it can reduce and resolve issues like corruption, and make the world a better place, while at the same time, it delivers greater efficiency and lower transaction costs. Now, it is safe to say that a lot of blockchain use cases still remain theoretical. There are several reasons why that is. Some hesitate to accept it because it is too big of a change to be accepted at once. Others fear the lack of regulations. In some cases, blockchain is still not developed and mature enough to deliver the changes that it promises.
However, there are also projects that have found their way to realization, even when it comes to areas such as food ordering. In fact, one project — called BlockFood — focuses on this issue particularly, and it already launched its ICO last year.
BlockFood is a project that aims to deliver a non-profit decentralized food ordering platform. It utilizes smart contracts, and it promises to resolve a number of issues by delivering a fairer sharing economy and a smarter platform for ordering food online.
It is the first project launched by the Open Sharing Economy foundation, and it wants to allow customers to order food from various restaurants, who would deliver it straight to their doors via couriers. Its business model relies on fair wealth distribution, as well as dynamic commission rate, that is adjusted to structure costs.
Its white paper goes into greater detail when it comes to the project's philosophy, market, and technical solution. We, however, are going to take a look at its ICO details.
BlockFood launched its ICO during a rather unfortunate period in crypto history. It held its preICO from January 8th, 2018 until February 8th of the same year. Its ICO came only a month later, starting on March 8th, and ending on April 12th.
As mentioned, this was not the greatest period in crypto history. The regulators were already hunting down ICOs, proclaiming most altcoins as securities, and at the same time, crypto prices why sinking faster than ever before.
It is safe to say that this might have been the worst time to launch an ICO, but BlockFood did it anyway.
It sold its BFT token, which is a utility token developed on Ethereum's network, which makes it an ERC-20 token. It had a price of $0.2849 per 1 BFT, and it only accepted ETH in exchange for its tokens. Unfortunately, the project never released information regarding how much it managed to raise. Its soft cap was 1,000 ETH, and its hard cap was 54,000 ETH, which is quite a major difference.
Still, considering the period, it is likely that the hard cap was never reached. As for the soft cap, it remains unknown. The project was registered in France, and it required KYC and Whitelist procedures for those willing to participate. As far as it is known, it had no restricted areas.
* Crypto Rating accepts no liability for any errors in the BlockFood ICO information and Rating. For the most up-to-date information please visit the ICO's official website.
|1||CNX Network||2022||4.943||Active||IoT||July 1, 2022||December 31, 2022|
|2||EMCODEX||2021||4.94||Pre-sale||Commodities, Synthetic Assets||May 18, 2021||September 30, 2021|
|3||LetStudy||2020||4.935||Upcoming||Education||August 1, 2021||August 1, 2022|
|4||FUNA||2022||4.931||Active||AI||June 15, 2022||August 31, 2022|
|5||My Lotto Coin||2020||4.93||Pre-sale||Gaming, Lottery||April 1, 2021||June 30, 2021|
|6||Blockster (BXR)||2021||4.93||Upcoming||Media||May 31, 2021||October 12, 2021|
|7||BattleKnight||2021||4.927||Active||Game, NFT||February 5, 2022||November 30, 2022|
|8||Fanadise||2021||4.92||Pre-sale||NFT, marketing, staking, BSC||May 12, 2021||June 30, 2021|
|9||Recast1 Token||2021||4.91||Active||Trade, Stable Coin, Proof of Transfer and Stake||June 15, 2021||December 5, 2021|
|10||Pawtocol||2019||4.9||Pre-sale||Big Data||December 27, 2019||May 17, 2021|
|11||Curate||2019||4.9||Pre-sale||Advertising||August 9, 2019||May 30, 2021|
|12||Tycoon||2019||4.9||Active||Investment||December 7, 2019||June 28, 2021|
|13||SerenitySource||2019||4.9||Active||Energy||July 13, 2019||July 28, 2021|
|14||MetaHash||2018||4.9||Active||Finance||April 8, 2020||September 30, 2021|
|15||IdeaFex||2019||4.9||Pre-sale||Finance||June 18, 2019||June 17, 2022|
|#||Crypto||Prediction||Accuracy||CVIX||Price||24h||7d||Market Cap||7d price change|
|1||BTC||Bitcoin predictions||61.2%||80||$16 815.91||2.46%||2.22%||$323 213 771 261|
|2||ETH||Ethereum predictions||64.8%||79||$1 262.81||4.49%||8.80%||$154 535 308 538|
|3||USDT||Tether predictions||92.8%||1||$0.999941||0.02%||0.09%||$65 358 819 507|
|4||BNB||Binance Coin predictions||66.4%||67||$298.40||-0.55%||0.49%||$47 735 233 591|
|5||USDC||USD Coin predictions||91.6%||1||$0.999977||-0.02%||-0.02%||$43 305 374 728|
|6||BUSD||Binance USD predictions||91.6%||1||$1.000510||0.01%||0.08%||$22 176 670 935|
|7||XRP||XRP predictions||68.8%||66||$0.402021||2.91%||7.66%||$20 217 649 686|
|8||DOGE||Dogecoin predictions||58.4%||85||$0.104544||2.73%||30.58%||$13 869 988 356|
|9||ADA||Cardano predictions||59.6%||81||$0.313452||1.39%||0.62%||$10 795 931 462|
|10||STETH||Lido stETH predictions||95.6%||1||$2 941.39||-0.40%||-3.32%||$10 258 752 564|
|11||MATIC||Polygon predictions||63.6%||72||$0.866314||4.01%||2.62%||$7 566 657 745|
|12||DOT||Polkadot predictions||69.6%||67||$5.37||2.22%||0.69%||$6 126 105 270|
|13||DAI||Dai predictions||90.8%||1||$0.999600||0%||0.02%||$5 652 893 809|
|14||LTC||Litecoin predictions||62%||74||$77.93||2.83%||-0.18%||$5 589 341 445|
|15||WTRX||Wrapped TRON predictions||68.8%||66||$0.053825||0.77%||5.80%||$5 472 681 192|
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