There are many initial coin offerings and token pre-sales that hinge on unproven abstract concepts. However, few have already working product that needs to leverage a Blockchain like technology to reach the maximum potential. TraDove is one of those pre-sale offerings that is coming up with a business to business coin to build a social network of businesses. Primarily targeted to solve the problems faced in supply chain management.
Particular problems that TraDove is solving are:
At the moment, corporate buyers use our services for free on the platform and the corporate sellers use the basic services for free. In the future, the plan is to have sellers use BBCoin to pay for prioritized or value-added utilities, such as notifying sellers as to buyers' searched or expressed needs.
According to the platform's official page: https://bbcoin.tradove.com/
The company is offering ERC20 Type tokens called BBCoin using the Ethereum platform. White Paper is here.
It is also noteworthy that TraDove's offering has done a due diligence in their offering to meet all the U.S. law. As the company is raising funds to develop the token with a promise to distribute tokens to investors in the future, by conducting a token presale and not an Initial coin Offering, it may be defined as selling securities. Therefore, to meet the US law requirement set by the SEC, the company is using the legal method of the Simple Agreement for Future Token (SAFT). More on their offering and requirements are listed on their official page. A brief summary is below.
1 BBCoin = 0.12 USD
Price in ICO
1 BBCoin = 0.16 USD
Before and on January 10th: 30% bonus.
After January 10th and before and on January 20th: 20% bonus.
After January 20th and before and on January 31st: 10% bonus.
Tokens for sale
BTC, ETH, Fiat
Distributed in ICO
A social network of buyer and seller businesses can solve many problems, especially if the platform uses artificial intelligence to add value in searching, matching, and discovering connections. This data-driven model used by TraDove looks very promising. Just as Facebook connects friends and LinkedIn connects professionals, the already existing TraDove platform connects business partners with its business social network. This is the product the company wants to enhance after raising the funds through the token offering.
The new platform will utilize blockchain and AI driven social networking technologies to further shorten the corporate buyer & seller discovery cycle, enhance B2B transparency, expand user trust, and allow for company-to-company precision advertising. Additionally, BBCoin will provide a better payment instrument for international trade. As the company has been in business for 5 years and claims to have 250K corporate users worldwide. Moreover, it had raised $4M in equity investment. These are all very strong points to add credibility to the team and investing. However, any investment comes with risk.
In TraDove's case, it seems like the risk is low compared to many other offerings in crypto and blockchain space these days.