Group Project GRUP

Fighting Counterfeits Using Blockchain

Sale is LIVE, you can purchase whilst tokens are still available. Purchase Group Project
ICO Starts: Monday, 15 October, 2018 - 01:00
ICO Ends: Monday, 12 November, 2018 - 00:00

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Rating

8.59
8.59
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Asset

GRUP

Type

ERC20

Blockchain

Ethereum

Payment

ETH

Hard Cap

25,000 ETH

Soft Cap

3,000 ETH

ICO sale is LIVE, you can purchase whilst tokens are available. Purchase Group Project

Tokenomics

Tokenomics

General information on the Group Project token sale.

Group Project ICO

Token: GRUP
Token Type: ERC20
Price: 1 ETH = 1000 GRUP
Buy with: ETH
Raised: 0
Market Soft Cap: 3,000 ETH
Market Hard Cap: 25,000 ETH

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About Group Project ICO

Group Project is on a mission to defend all brands big and small, and protect consumers from counterfeits by implementing a fail-safe authentication system using blockchain technology. Company provides solutions to fight against counterfeited goods by employing blockchain technology, crypto-enabled NFC tags, and mobile App to scan the tags and form a network of nodes in the cloud (U.S. Patend Pending). Company's GRUP Tokens are used to fuel the mobile App and is to used as Utility Tokens. Every time an item is scanned, a small amount of the Grup Tokens are used to authenticate a product. For example, to scan a milk, 0.01 Grup tokens are required. To scan an iPhone, 0.9 Grup tokens are required. Blockchain technology is well known for its use in cryptocurrency. However, there are other properties of the blockchain technology that can be used to mitigate counterfeited goods. It could be used to authenticate items. The questions it answers are: “Who is the manufacturer?” “Who is authorized to sell it?” “When was it produced?” “Is the store an authorized reseller?” Problem: About $500 billion/year counterfeit goods are marketed in the world.Solution: A blockchain technology to make it easy to know who the real manufacturer is. Problem: People carry needlessly too many IDs and Credit Cards in their wallets. Fear of losing essential items.Solution: Use Blockchain technology to create one identity that allows wallets with no more driver’s license ID, no more bank or credit card plastics, and no more membership IDs. No more need to carry multiple cards or IDs. Problem: Over 1.2 Billion people travel internationally around the world, and bags do get lost. Solution: Blockchain technology ensures that the travel bags are identified - who owns it, email address, phone numbers, identity info (as much as the owner wishes to reveal). Warning to Potential Investors: Investing in early stage businesses involves risks, including illiquidity, lack of dividends, loss of investment and dilution, and it should be done only as part of a diversified portfolio. This platform is targeted solely at investors who are sufficiently sophisticated to understand these risks and make their own investment decisions. This information has not been approved as a financial promotion, and you must carry out your own due diligence.

Data Insights

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Data last updated: 2nd July 2018

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ICO Bench rating

3.90
3.9

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URL: https://www.GroupProject.io

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