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GFC (GFC) ICO Review

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GFC is a decentralized social networking platform that is putting users privacy and satisfaction as its first priority. It is an innovative approach towards transparent and independent means of user data ownership, reward on ads and free of speech. It is the first get paid to content creation and sharing ecosystem that leveraged OCR token payments for its reward system.

Essential Information

Ico Time05 Mar 2018 – Unknown
Token NameGFC
Token SymbolGFC
WhitepaperView Whitepaper
Website LinkHome
Price1 GFC = 0.00025 ETH
PlatformEthereum
AcceptingETH
CounturyGreece

More about GFC (GFC) ICO:

The aim of the project is to achieve the automation of the Agricultural Greek market through a modern electronic Trading infrastructure export-oriented at European standards, by organizing & coordinating the market and creating transparency, speed and trust. The design of Greek Food Corridors concept is the setting up of a central auction system in Athens & Brussels(Terminal HUB I), call it the “dealing room”, in which various Fruits and Vegetable lots geographically located are sold to the highest bidder, local as remote, using a clock auction system. We integrate and coordinate the actual Greek Agricultural markets with the the nationwide network of product supply, cold storage logistics, Service providers, quality control agencies and transport companies to provide rapidly the best quality product at your doorstep. A big advantage of the new infrastructure, especially for the small and medium-sized farmer’s cooperatives and Group of Producers, is the fact that they will be able to negotiate directly with buyers, both at a national and international level, under the same conditions as larger companies. The new platform will facilitate the task of finding buyers or sellers to negotiate simultaneously and in real time on the trading screen. The members will be able to benefit from economies of scale as well as marketing and from direct access to International markets.

The design of GFC’s concept is the setting up of a central auction system in Athens, call it the “dealing room”, in which various Fruit & Vegetable lots are sold to the highest bidder using a clock auction system. You have 1 central server system which communicates with all the regionally depots involved in selling the products. In each depot, supplied products are registered with their product characteristics and the right storage location with the dates of receipt indicated. These data are centrally stored. Our selling parties enter the supply they want to sell on the clock system via GFC web portal after logging in successfully. In this way, we will get a certain stock, which can be sold afterwards to the “registered buyers” through the various e-auction sales tools. Afterwards, the information from all these transactions is available on the website of GFC organization for buyers, farmers etc. After being logged in, the client can view his specific data (transactions, catalogues, statistics, and general information). After the sale, the various depots get the necessary tasks and insights about who is going to load what. The back office software makes the necessary finalization of the transactions, follow-up of invoices, payments, statistical reports etc.

It integrates & coordinates the actual Agri-food spot markets with the nationwide network of product supply, cold storage logistics, SPs, CQ agencies and Transport companies to provide rapidly the best quality product at your doorstep.

Real-time clock auction system: selling lot per lot to the highest bidder. Internet buyers and auction room buyers are bidding on each lot; the bidder (local as remote) who stops the clock first, is bidding the highest price.

Development and implementation of Next Generation e-Auction infrastructure in Greece for Fruit & Vegetables and Olive Oil, and sync with a Commodity Exchange market for Futures contracts based on cryptocurrency.

GFC e-auction in Greece: Transforming the way the Agri-market operates in Greece.

GFC – Greek Food Corridors: The spot market and price Index/mechanism

Our concept is the setting up of a central auction system in Athens, the “dealing room”, in which various fruit & vegetable and Olive Oil lots are sold to the highest bidder using a clock auction system. You have 1 central server system which communicates with all the regionally depots involved in selling the products. In each depot, supplied products are registered with their product characteristics (farmer x, county y, Quality & product type, olive type…) and the right storage location with the dates of receipt are indicated. These data are centrally stored. Our selling parties, existing group of growers & collectivities spread in Greece, enter the supply they want to sell on the clock system via web pages after logging in successfully. Our system provides the possibility to build up a catalogue with various lots from different suppliers/geographical areas, with product marks, product type, quality, packaging, product dimensions etc., in 1 “block” and to sell them via the clock. In this way, you will get a certain stock, which can be sold afterwards to the “registered buyers”.

There are various sales tools:

  • Real-time clock auction system: selling lot per lot to the highest bidder. (internet buyers and auction room buyers are bidding on each lot; the bidder who stops the clock the first, is bidding the highest price) . The clock sale is ideal for a demanding market and delivers in a very transparent way the best price, thanks to the competing buyers (local as remote).
  • Through contract selling & Smart contracts (weekly delivery of supply for an electronically negotiated fixed price).
  • Through web shop at fixed prices. (based on the clock prices + X%)
  • Afterwards, the information from all these transactions is available on the website of GFC organization for buyers, farmers, and other stakeholders. After being logged in, the client can view his specific data (transactions, catalogues, statistics, general information…).
  • After the sale, the various depots get the necessary tasks and insights about who is going to load what.
  • The back office software makes the necessary finalization of the transactions, follow-up of invoices, payments, statistical reports etc.

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