300Cubits and its token TEU are the solutions for shipping industry’s issues: overbooking on liners and lack of free cargo places. The total loss equals USD 23 billion because of these issues, according to New Jersey Polytech University statistics. According to this statistics, 20-30% booked cargo units wouldn’t be loaded on the board at the port. Because of this, shipping companies use overbooking.
TEU token can be the solution as a booking deposit in a smart contract on shipping. How it works:
The prototype is available since October 2017, system beta will be available in May 2018, the full release will happen on 15 June 2018.
According to the WP, 40% tokens will be distributed on the open market: 2% sold during pre-ICO, 18% will be sold in ICO event; 20% will be reserved for use on alternative markets or burnt. 40% will be used for free distribution between shipping companies (20%), consignors (20%); 14% will be used for business development and 6% were reserved for the team with 2-year blocking.
No information about revenue model of 300cubits platform, or planned usage of funds received, were provided by founders in WP.
Marketing strategy is well-described in WP and based on free distribution of tokens between market participants (40% of all issued tokens, or 40 million tokens with nominal price USD 0.25). Also, there is the rewards program for major market players who will participate in distributor agreement.
The team consists of strong finance, shipping, and IT professionals, and professional experience and skills of founders are proved by Bloomberg in their information reports. But there is no sales & marketing position in the team.
Advisory board contains investment and shipping professionals, but neither in core team nor an advisory board there are no blockchain professionals.
WP contains no information of market volumes (and no estimations of sales plans or segment of market planned to conquer), only information about market issues and ways which 300Cubits is planning to solve them. But there is so strange to receive from these brilliant shipping market professionals only this brief description.
Target Audience described in WP very clearly – shipping companies, at one side, and consignors, at another side. Project is positioned to solve issues in relationships between these sides.
Founders believe that these projects have these advantages:
Also, WP contains brief risks analysis, but there is lack of information about existing solutions for described market issues and their direct comparing with project solutions.
Project strong sides: perspective idea, strong professional team, detailed marketing strategy.
Project weak sides: no business plan and deep market analysis.
So our position is neutral.