SYNCFAB - EMPOWERING MANUFACTURERS

ardcts (25)in #cryptocurrency • 7 years ago

Introducing to you the first manufacturing industry to use a peer-to-peer network and a decentralized blockchain system, which will supply customized and customized token systems and provide incentives to adapt to public and private barriers. By using public-private partnerships, with manufacturing at the local, regional and national levels, we will create an industry platform called SyncFab’s Smart Manufacturing Blockchain, which will run fully decentralized manufacturing systems through public peer-to-peer ecosystems, backed by MFG Utility Token.

WHAT IS SYNCFAB

SyncFab is a platform to revolutionize the procurement process that has long been plagued by hefty reliance on middlemen. SyncFab incentivizes manufacturers and innovators to work with each other directly. SyncFab offers other benefits like IP protection and real time tracking of products that are being sourced.

WHY ARE SYNCFAB'S MFG TOKENS SO SPECIAL

The most distinguished factor of SyncFab’s operations is that is has figured out how to limit scammers from reaching out to manufacturers while simultaneously making an ecosystem where buyers and manufacturers want to interact with each other because they are rewarded for that. This benefit is derived from the sole utilization of MFG tokens; these tokens play a critical role in giving SyncFab that unique touch. The MFG tokens remove the need for trust and are sourced from the true nature of mankind: people act out of their best interest.

With SyncFab, buyers seeking a RFQ (request for quote) from manufacturers will have to incentivize them with MFG token rewards that are issued when the manufacturer places a bid. As scammers play a game of numbers, issuing a 100 reward pools to eventually score a scam is not a profitable model. This solution offered by MFG tokens ensures that manufacturers receive only quality RFQs and are shielded from scammers.

SyncFab cleverly plays on human psychology. If the token reward for RFQs was issued only to 1 manufacturer, the system would not have been so appealing. To adjust this, a number of manufacturers who placed bids will share the MFG pool offered by the buyer. This ensures that manufacturers compete to place competitive and genuine bids to establish a revenue stream of MFG tokens.

UNIQUE FEATURES

Peer to peer manufacturing ecosystem
Smart contracts for transparent payment
Decentralised supply chain management
Rewarding system
Low transaction fee
MFG economic model
Transparent business model

MFG TOKENS AND ITS SALE INFORMATION

The syncfab has its own utility tokens which can use within the platform and they do not provide any type of ownership to the user. These tokens will be useful to conduct easy payments within the platform. The users also get incentivize in the form of these tokens which they can use to access the premium features. For example, if the manufacturer has uploaded the quote in a timely manner without any gaps then he will be rewarded in the form of these tokens even if his bid is unsuccessful. These tokens are available only during its sale. The pre-sale was from 15th November 2017 and the public sale was arranged on 15th January 2018. At last the public ICO will be released which will be opened on 15th February 2018.

INFO TOKEN

Token Name: Smart Manufacturing Token

Token symbol: MFG

Total delivery: 1,000,000,000 MFG

Assigned market supply (public): 300,000,000 MFG (30%)

What is the token sale schedule?

Public advance booking start: 15th of November 2017

The pre-sale ends with the achievement of the soft cap or on January 15, 2018.

Date of public auction: 15 January 2018

We accept ETH as a means of payment.

1 ETH = 1,000 MFG

Soft Cap = 18,000 ETH. The soft cap is the minimum amount of MFG tokens we would like to sell in the distribution event.

Hard Cap = 180,000 ETH. The hard cap is the maximum number of MFG tokens we would like to sell in the sales event.

Unsold MFGs assigned to public market supply will be destroyed after the distribution event.

MFG TOKEN BENEFITS

Benefits to Buyers

Cheaper and higher quality quotes from the source
On-demand purchasing, tracking, and reordering
Connect with a local network of vetted manufacturers
Secure transactions and connections through smart contracts

Benefits to Manufacturers

Eliminate marketing costs by having buyers directly connect to your manufacturing facility
Guaranteed payments through smart contracts
Complete control of your pricing & capabilities
Less headaches of overhead and processes to focus on producing the best quality products.

IN CONCLUSION

SyncFab envisions a vibrant ecosystem of buyers, manufacturers, suppliers and logistics service providers actively buying, selling and ordering manufacturing-related services in a decentralized smart-contract blockade system. We believe that blockchain technology is the most important part of it, and we believe with the experience we already have, we can build a platform that is safer and better than similar platforms.