CargoX CXO ICO: Smart Bill Of Lading Blockchain Trade Logistics?
When you are looking for a really profitable investment, you always have to take your time and look the most interesting companies in the blockchain and cryptocurrency market at the moment. The market is constantly changing not only because the blockchain technology is developing more and more, but also because the market works 24/7 and it is always changing.
If you want to know where the best investments lie, you do not have any choice but to be as well informed as you can about this market. Because of this, we try to help our readers when we review companies that have appeared on our radar and are drawing our attention lately. Today we are going to review a new start-up company which has been pretty popular lately, CargoX.
What is CargoX?
CargoX is a new start-up company whose main objective in the market is to disrupt the global logistics industry by using its technology to supplant it with the introduction of a blockchain-based bill of Lading (B/L) technology.
By using B/L documents, CargoX wants to replace papers of Bill of Lading with digital documents stored in the global blockchain. This will enable the users of the products of this company to transfer cargo ownership rights and information without actually needing to handle all the usual paperwork.
The whole idea behind CargoX is to use a smart digitalization of the old Bill of Lading documents by B/L documents using blockchain to optimize the work and make it faster and way more efficient than it actually is right now.
These changes have the potential to modernize the shipping industry and make it faster and more profitable because it will no longer need to lose so much time with documents and handling paperwork when this industry could easily use blockchain solutions to make the whole work more efficient.
How Does CargoX Work?
CargoX uses an Ethereum-based blockchain to create a B/L document storage system which can help shipping companies to be more efficient. Basically, when the companies use the services offered by this company, they will be able to transfer their paper Bill of Ladings to the blockchain and these documents will be available anywhere and can be changed via smart contracts.
This will ensure that there will be no need for a great amount of paperwork when you need to transfer goods via shipping. A quick glance on the blockchain will show all the information about a certain product and smart contracts can be used to ensure that the exchanges are legitimate.
CargoX will provide a fast, secure and paperless way to ship goods all over the world. The smart contracts are issued immediately and they will be available quickly. As there will be no central storage of information since everything will be on the blockchain, the site will be considerably secure against hackers.
Sending paper B/L can be a slow and costly process, so using CargoX’s blockchain can be a great solution as it greatly diminished the time waited and it does not cost so much. In fact, by CargoX’s accounts, companies could easily save $5 billion USD per year using its technology. While this information was given by an interested source, you can easily see that companies could save a lot.
How to Invest in CargoX CXO ICO?
If you want to invest in CargoX, you will have to buy its tokens during the Initial Coin Offering (ICO). Unfortunately, the pre-ICO has recently been finished and you will not be able to invest in this company by the lower price anymore but this does not mean that investing in this company is a bad idea by any means as you can still invest during the main ICO.
The main ICO will begin on January 23 and it will last about a month. You will only be able to use ETH to buy tokens, so if you only have other currencies, you will have to exchange them before you invest. The company enables a single investor to buy 50 ETH on tokens (but you can buy more if you use different wallets).
If you buy in the first 48 hours of the main ICO, you can get a discount of 10%. The discount will then be 7% for the next seven days and 3% for seven days after day, so you should buy your tokens soon if you want to get the best discount.
The CargoX CXO ICO Verdict
Is CargoX a good option for investment to you? Certainly. The company might not promise something like dividends or a buyback of tokens, but you can easily see how its service is very interesting and the company has a very good business model.
This will probably make the price of the tokens rise with time which can be a great investment even if you are not a company which wants to use the services of CargoX. If you are a company, then it can be even better for you because CargoX will offer a very interesting service for a cheaper price for you, which can be a great idea to save some money.
If you are interested in this company, go for it. It can certainly be a very worthy investment that you will give a very good return on investment if you invest in it right now, especially if you buy the tokens during the phase with discounts.