LogisticsX - ICO Review

Ever since the attention shifted from cryptocurrencies towards the blockchain, developers continued with finding more and more potential use cases for this technology. Of course, blockchain use in the financial industry is undeniable, but countless other industries are making a slow move towards accepting it, as well.

Gaming, for example, is one of the industries that is accepting the blockchain with open arms. The IoT sector also sees great potential with combining its devices with blockchain, which can lead to other industries benefiting as well, such as supply chains.

Other use cases promise much, but remain mostly theoretical for now, such as the blockchain use cases in healthcare. In fact, this is true for the majority of industries that can benefit from it, although new projects and proposals continue to emerge. Another area where blockchain could bring a significant change is logistics, which is what LogisticsX is currently working on.

About LogisticsX

LogisticsX is a project with a goal to utilize blockchain tech in order to create its own decentralized platform, which will transform last-mile logistics. The project wishes to bring forth the platform's trustless nature and provide a foundation upon which a harmonized ecosystem could grow. It would involve different stakeholders, all of which would be involved in the last-mile process.

This could include anyone, from third-party logistics firms to e-commerce retails, logistics couriers, and even end recipients. The company's vision is to set global standards when it comes to communication between logistics stakeholders. This would result in a significantly higher efficiency and security, but also transparency.

The firm believes that the booming e-commerce industry desperately needs smoother logistics flow. Along the way, they also see the opportunity to help the economic empowerment grow, simply through the involvement of more flexible workers in the logistics ecosystem. As every other crypto/blockchain project, LogisticsX also plans to use its native coin on its platform, which is why it is preparing to launch an ICO at some point in the future.

LogisticsX ICO details

Despite the fact that LogisticsX has announced its ICO — its exact time and date are still unknown. What we do know is that its token will be called PNP and that it will be a utility developed on ICON platform.

The token's price is expected to be at around $0.04 per 1 PNP, and ICO participants will be able to obtain it in exchange for ETH, BWX, and ICX. The minimum investment amount is not known, but the project did reveal its soft cap ($2 million), as well as its hard cap ($11 million).

The project itself was registered in Singapore, and the only two restricted areas will be the US and China. Others can participate in the token sale after going through KYC and Whitelist procedures.

Author: Ali Raza for Crypto-Rating.com

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StartJune 1, 2019
EndOctober 31, 2019

Trust me, LogisticsX is the real deal. I have been working in the logistics business for more than 20 years, so I know for sure that the last mile delivery is always the hardest and the most expensive for that matter. After spending some time studying this project, I have concluded that is has a real potential for disrupting this business. The correct use of blockchain might greatly enhance the efficiency of parcel delivery and the transparency of all logistics processes.

podrick   September 7, 2019  

Those who know a thing or two about logistics are aware of the importance of the "last mile". In reality, this so-called mile could amount to many miles that a courier drives from the transportation hub to the final destination. This is especially relevant in large metropolitan areas like New York or London, where logistics can turn into a nightmare sometimes. Therefore, I believe that LogisticsX will gather a large user base easily because it resolves a very crucial issue.

Heidi   August 6, 2019  

It is obvious that logistics and blockchain are meant to go hand in hand. Indeed, LogisticsX is not the first project in this field, but I think that they are among the best in terms of the overall vision and presentation of their concept. Efficient logistics plays an increasingly important role in our fast-paced world, and I think that LogisticsX will help to take this efficiently to new heights.

Bastian   July 18, 2019  

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