ATFS Lab ICO Review – ICO Token News
ATFS (ATFS) ICO Review – ICO Token News
What is ATFS Lab?
ATFS revolutionizes the existing food system with its Ethereum Blockchain and Smart Contracts powered decentralized AgriTech & Food Science crowd-funding project. The company claims its project world’s first such project which will provide a full-fledged solution to the world’s mounting food crisis by making available pertinent technological advances in agriculture, new revenue base and supply systems, and a socially-acceptable recourse to meat consumption. The company touts its project a win-win model for both agriculture industry and the crypto-world.
Like other tokens i.e. Cryptoneum, Debitum and BitCAD etc, the primary aim behind introducing ATFS project is not just to enhance people’s quality of life, but also to bring Industrial Revolution 4.0 to the crypto world with ATFS token.
- Existing problems in food security and food chain
- Increasing demands of more proteins
- Decreased agricultural productivity
- Impending food crisis
- Protein obsession
ATFS Lab solutions
ATFS Lab is committed to offer solutions in three organically connected missions, which are as follows:
- Smart farms: Claimed to be located in Asia, these farms would use IoT sensors, data and other hardware to enhance efficiency and productivity.
- Disruptive decentralized platform: Built on the blockchain, the primary function of this platform would be to help farmers directly connect with customers and grow transparency as well as efficiency within food supply chains by lowering the layers between the end customer and the farmer.
- Plant-based meat: This protein alternative though would made from plants, yet it would have the flavor, texture and smell of meat products
ATFS ICO token (ATFS)
Slated to take place from 9 Feb 2018 at 23:59 UTC, the ATFS token’s initial rate would be 1 ETH = 5,000 AFTS tokens. Its hard cap is 50000 ETH and soft cap is 12500 ETH. The start price of the token would be 0.0002 ETH. To participate in the sale, you must be ready to spend at least 0.05 ETH.
Like other ATFS has not locked the total supply of its ICO token. All unreleased would be destroyed when the crowdfunding period of token sales ends. All ATFS tokens holders are entitled to receive a part of distributable profits of ATFS Lab. All tokens in aggregate will be provided with 20 percent of such profits.
Moreover, the token will be assigned pro-data to the funds offered to the ATFS Lab during the initial coin offering. If you are interested in purchasing ATFS token, you will need to spend at least 0.05 ETH.
ATFS token distribution
Following are the specific areas where the company wants to allocate its ATFS token:
- 10 percent for founders & management team
- 65 percent for crowdfunding participants
- 5 percent for future hired
- 15 percent for reserve
- 3 percent for bounties
- 2 percent for advisors
ATFS bounty campaign allocation
ATFS has decided to offer a total 3 percent of all tokens issued during the ICO as bounty campaign rewards. Following are the ways ATFS Lab will allocate the bounties:
- 15 percent for BitcoinTalk Translation Campaign (Website, Whitepaper, ANN)
- 5 percent for Creative (Artwork and Videos) & Media Support Campaign
- 10 percent for BitcoinTalk Signature & Avatar Campaign
- 40 percent for Exclusive Support & Bug Hunt Campaign
- 10 percent for Facebook Campaign
- 5 percent for Telegram Campaign
- 15 percent for Twitter Campaign
Use of crowd-funds
- 30 percent for disruptive decentralized platform development & launch
- 20 percent for continuous plant-based meat research and development
- 6 percent for marketing & office administration
- 40 percent for initial Capex
- 4 percent for contingency
ATFS team consists of David (DJ) KIM, the CEO and founder, Jay (WJ) CHOI, the COO and co-founder. Apart from them, the team also consists of Joel Gfeller, Agritech & Food Science Expert Advisor, Thomas Budd, the ICO advisor, and Stephen De Haes, another ICO advisor.
All new and novel concepts need perfect implementation and if nothing is done to take care of the needs of those you are targeting, all your plans come down to nothing. The same is applicable to ATFS project, which is though a new concept, if it does not offer what it promises the dooms days will come soon. So, be wise before deciding to invest.