CargoCoin - Frequently Asked Questions
What is CargoCoin token?
CargoCoin is a smart contract & payment solution provider based on the ethereum blockchain for the trade & transport industry. CargoCoin will issue CRGO the token which will be used to make payments through the platform.
What Problem CargoCoin solves?
CargoCoin is designed to reduce fraud in the transport industry by implementing smart contract Bill of Lading, Letter of Credit and crypto payments. The smart Letter of Credit will cut cost by eliminating high bank fees for escrow services. The smart Bill of Lading eliminates international courier cost and office stationary cost. The smart payment solutions are instant and cost a fraction of bank charges. The CargoCoin smart contracts and payment solutions minimises delays & secures information in the transport industry.
What is the CargoCoin profit based on?
The CargoCoin global trade & transport platform is free to all users. There is no monthly or annual fee. The objective is to attract a large user base in order to facilitate the free services. In this way demand for the smart contracts is created. The smart contracts operate with CRGO tokens. The demand for CRGO tokens increase the value of the currency. The platform income is based on small transaction fees charge on the smart contracts usage. These transaction fees are very competitive - a fraction of the present industry standard taxes and fees.
Do you have competitors & how do you stand out?
Yes, we do have competitors, however none of our competitors offer a free trade & transport platform. These are expensive, up to USD 250 per month/per user, or biased owned by a shipping line or forwarding company. None of our competitors’ platforms are complete, covering all areas. None of them offer smart contracts. We see our competitors as basic and entry level compared to CargoCoin.
When will the CargoCoin Bounty campaign be over?
The bounty hunter program will run for as long as the ICO is active.
When will the CargoCoin ICO be over?
CargoCoin ICO will be over, as soon as we reach our cap, as set out in the whitepaper.
When will CargoCoin be listed on crypto exchanges?
CargoCoin already has several exchange listing agreements and trading on those exchanges will be activated once the ICO is over.
Which crypto exchanges will CargoCoin be listed on?
Please check our home page and partners page for an up to date list of our crypto exchange partners, who we have partnered with.