ICO Project Global Funeral Care (GFC)
Tokensale Start: 26/12/2018
Tokensale Finish: 30/06/2019
Global Funeral Care is a decentralized platform that provides new infrastructure to support the funeral industry. The use of Blockchain technology will reduce the costs of organizations that work in the funeral industry. Organizations will be provided with recommendations for improving the quality of customer service.
Business Model Overview Global Funeral Care (GFC)
1. The validity of income
The project will receive income from the provision of various services on the platform. Platform services can be useful for funeral homes, insurance companies, associations and regulators that support funeral activities, as well as for individuals who request funeral services. Companies will pay a commission on the sale of goods or services through the platform. The project will also receive income from cooperation with small, medium and large organizations that are already working in the funeral industry.
2. Number of currencies accepted
The project accepts 5 currencies, namely: BTC, LTC, ETH, XRP, BNB.
3. Token emission
In the project there is a limited number of tokens. A total of 200,000,000 GFC tokens will be released.
4. Discount on the purchase of tokens
Discount on the purchase of tokens is 30% (p. 33 White Paper).
In the flow chart provided, the project objectives are indicated until the end of 2020 (p. 40 White Paper). After the completion of ICO, the project team will allocate funds as follows: 25% - “Platform Development”, 10% - “Operating expenses”, 25% - “Marketing”, 10% - “Listing on exchanges”, 5% - “Donations”, 25% - "Partnership".
6. SOFT CAP / HARD CAP Ratio
The SOFT CAP value will be equal to the sum of transaction fees on the platform, which in turn equals the costs of creating GFC tokens. The HARD CAP value is $ 57,000,000 (p. 29 White Paper).
7. MVP availability
The project has developed MVP.
8. Risk assessment and insurance
At the same time, however, there are no risk assessments according to international standards, as well as any risk insurance methods, for example, Escrow, which increases the risk of loss of capital of potential token-holders.
Criteria of accordance to the international standards of business-planning of UNIDO and EBRD