FoodNation is an online food delivery marketplace, developed collaboratively, using the blockchain technology and having a key part the distribution of the profits with the sellers and divulgers for a more viral and sustainable growth. The online food order market is practically under the domain of big players whose profit margins are very significant, sometimes more than 50% of the services taxes. These monopolies eliminate a good part of the business competition making both restaurants and clients run out of options. Nowadays this market moves USD 121 billion and the foresight is that will be still growing in high taxes reaching, in 2002, nearly USD 234 billion. The segment of Food Delivery is made by capital intensive with a good part of the investment going to the mass marketing. The FoodNation believes in a sustainable growth, focusing especially on the network remuneration of sellers and divulges which could construct a permanent profit resource by the capture of restaurants and consumers for the ecosystem. Being an alternative to profit resource for people, we became an interesting option of sharing economy, with the potential of viral and explosive growth. For this revolution, in terms of business model, they will use all the potential technology of the blockchain, that will allow us acting in a decentralized, global and safe way. Thereby, without the effort of servers, employees, managers or even formal institutions susceptible to governmental interference, they will unlock all the potential for us to growing quickly, with collective effort. We are talking about something very new in many senses.
|Token Sale||350,000,000 FOOD|
|Token Price||0.1 USD|
|Token Supply||1,000,000,000 FOOD|
|Hard Cap||25,100,000 USD|
|Soft Cap||100,000 USD|
|Whitepaper||Click Here For View Whitepaper|
|Website||Click Here For Visit ICO Homepage|
The rules of the game in the business world are being rewritten and as all the technological revolution are full of opportunities. Will take some years for them being concrete, mature and reach the reality, but no more than 3 or 5 years. Many didn’t notice that a process of determining that are in course in the business models. A buy a product or a service from B isn’t necessary for a company in the middle capturing 10% or 30% of the transact value as a commission. These new business models are being possible by a technology called blockchain. The blockchain subject is mixed up a lot with Bitcoin and with speculative capital. Considering that technology is what enable the cryptocurrencies. It’s through blockchain that, using the determination concept, the cryptocurrency could change hands in a very safe operation, without the necessity of involving financial institutions or “trustable” third ones. Solving the reliability question in decentralized cryptographic transactions giving security for every part.
The technology known as blockchain has grown fast in the last few years and provides a different solution to many problems faced by a new social organization. The suite and concept bring significant advantages over the nowadays frameworks and existing applications. Blockchain, also known as the protocol of trust, is an example of distributed computing. They can be described as a distributed and shared database that works as a public ledger, managed by a peer-to-peer network collectively adhering to a protocol for inter-node communication. A fundamental problem in distributed computing and multi-agent systems is to achieve a global reliability, with the presence of faulty processes. In order to create a secure consent.
The Byzantine Generals Problem
Famously described in 1982 by Lamport, Shostak, and Pease, it is an agreement problem, in which a group of generals, each commanding a portion of the Byzantine army, encircle a city. These generals wish to formulate a plan for attacking the city. In its simplest form, the generals must decide only whether to attack or retreat. Some generals may prefer to attack, while others prefer to retreat. The important thing is that every general agree on a common decision, for a halfhearted attack by a few generals would become chaotic and disorderly retreat or withdrawal of troops, and would be worse than either a coordinated attack or a coordinated retreat.
Blockchain is a decentralized way of storing data.
The blockchain protocol uses a specific data structure and a suite of algorithms to create a distributed cryptographic ledger, over which every a successful transaction is recorded. It uses end-to-end encryption, this guarantees the immutability of the ledger, even when some participants are faulty or malicious. The most well-known application of a blockchain is the public ledger of transactions for cryptocurrencies, such as bitcoin. Anatomizing the data structure of the blockchain, the transactions can be considered the smallest part of the protocol. When someone is interacting with the blockchain, it is executing transactions or updating its state in the network. When successful transactions are recorded over the ledger, they are grouped in blocks. The block itself consists of two parts, the transactions, and the block’s header.
Blockchain is the future of the internet!
The most known consensus algorithm is PoW (Proof of Work), which is used in Bitcoin. It uses a hash function to determine the identity of the block. This piece of data is hard to produce and costs a huge amount of processing power but is easy for anyone to verifies. The participants of the network are responsible for validating the transactions and finding the solution to the hash function are called miners. They play a very important role in the PoW blockchain’s ecosystem, and by doing this important job, they are rewarded with a transaction fee. This process, despite consuming a lot of energy, guarantees the safety and validity of the blockchain.
By directing the project, aligned with what the collaborators believe, they will use the collective intelligence for the decision making and at the same time guarantee the continuity of the project, independent of their funders and advisors.
Nikola Wyatt – CO-FOUNDER
Neo Dula – CO-FOUNDER
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