Group Project ICO

Fighting Counterfeits Using Blockchain

Group Project Initial Coin Offering Token Sale

Accepts payment in: ETH
Pre ICO starts: Monday, September 10, 2018 - 01:00
Pre ICO ends: Sunday, September 30, 2018 - 01:00
ICO starts: Monday, October 15, 2018 - 01:00
ICO ends: Monday, November 12, 2018 - 00:00

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.<br />Solution: A blockchain technology to make it easy to know who the real&nbsp;manufacturer is.
Problem: People carry needlessly too many IDs and Credit Cards in their&nbsp;wallets. Fear of losing essential items.<br />Solution: Use Blockchain technology to create one identity that allows wallets&nbsp;with no more driver&rsquo;s license ID, no more bank or credit card plastics, and no&nbsp;more membership IDs. No more need to carry multiple cards or IDs.
Problem: Over 1.2 Billion people travel internationally around the world, and&nbsp;bags do get lost.
Solution: Blockchain technology ensures that the travel bags are identified -&nbsp;who owns it, email address, phone numbers, identity info (as much as the&nbsp;owner wishes to reveal).
Warning to Potential Investors:&nbsp;Investing in early stage businesses involves risks, including illiquidity, lack&nbsp;of dividends, loss of investment and dilution, and it should be done only as&nbsp;part of a diversified portfolio. This platform is targeted solely at investors&nbsp;who are sufficiently sophisticated to understand these risks and make their&nbsp;own investment decisions. This information has not been approved as a&nbsp;financial promotion, and you must carry out your own due diligence.

Description
Quantity
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Token symbol:
GRUP
ICO bonus
1
Country
United States of America
Hardcap
25,000 ETH
Softcap
3,000 ETH
Accepts
ETH
Raised
0
Price
1 ETH = 1000 GRUP
Tokens
25
Categories
Retail
Registration required
kyc and whitelist
Restrictions
Blockchain
Blockchain
Ethereum
Market
Minimum
Summary
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.
Type
ERC20
Website
White paper