EndChain is an utility token. The company itself is working on solutions in logistics and supply chain industry. The goal is to cover all steps of the supply chain including manufacturing and raw materials, transportation, distribution centers, B2B and B2C distribution, and after-sales services. Users of EndChain will be able to use unique QR codes provided by the platform. These codes are singular and compatible with different systems used by the companies. The users will have to scan the barcode once and then all the needed information will be available for them. This is supposedly going to simplify the control over the supply chain drastically. Investors and holders of EndChain tokens will receive QR codes, according to EndChain offer. Also, the company promises to do discounts on codes, smart contracts, and big data. Some of the tokens will be burnt.
EndChain ICO began on December 1, 2018. The ICO token supply represents 55% of the total token supply, so there is a total of 74,567,312 ENCN tokens available, for 0.24 USD each. The ICO funding target is 4,000,000 USD, the funding cap is 15,000,000 USD and is expected to end on January 15, 2019 or when the funding cap is reached.
Token Reserve Split (45%):
22% Future development;
10% Team;
5% Leadership;
5% Advisors;
3% Bount and Referrals.
EndChain ICO features a bounty campaign as well as the following bonus structure.
Bonus Structure:
50% Round 1;
35% Round 2;
20% Round 3;
10% Round 4.