UPDATE: CargoX has raised their hard cap of 7M USD and completing KYC process. Listed on KuCoin, EtherDelta & ForkDelta... For more info: https://twitter.com/cargoxio
25% of tokens will be reserved for future development. They will be locked for 12 months in smart contract.
15% of tokens will be distributed to the founders and the team that brought CargoX to life. They will be locked for 12 months in smart contract with quarterly cliffs.
10% of tokens will be distributed to our advisors and ambassadors for contributing with their know-how.
8% will be reserved for future partners, strategic partnerships and adoption acceleration incentives.
2% will go to the bug bounty pool.
A Bill of Lading is issued for sea-freight shipments and it gives the holder of this document the ownership rights to the cargo.
Using express courier services, it usually takes 5 to 10 days and it costs around $100 to get this document from origin to destination. By using Smart B/L, which is a blockchain-based token, they cut down the time and costs needed for B/L transfers. By sending tokens on the blockchain you can easily and securely change the ownership from Exporter to Importer which makes the Smart B/L tokens the perfect tool for claiming the ownership rights to the cargo.