Sometimes there are initial coin offerings (ICOs) that jump out at us, and SyncFab (MFG) is one of them. It’s an upcoming cryptocurrency that is launching on the Ethereum (ETH) network, and it’s currently holding a pre-sale. There are just over two days left in this leg of the token sale – meaning that participants will get a 25% bonus if they invest before 12AM on February 15.
But, more importantly, this token pre-sale has gotten some very respectable marks from ICO rating sites. ICO Bench, for example, has it at a 4.3/5.0. Track ICO gave it a perfect 5/5, and Aingel gave it an impressive 97/100.
@SYNCFAB is ranked 3rd in game changing #blockchain companies by @AingelAI with a 97% rating. The rating is based on a Monte Carlo wrapped #machinelearning algorithm developed at @nyuniversity #manufacturing #startup #cryptocurrency #ethereum #tokensale https://t.co/gAbAy41IF5
— syncfab (@SYNCFAB) February 11, 2018
So, what is this coin all about – and why is it getting such positive feedback from ICO analysts?
What kind of ERC20 Token is SyncFab (MFG)?
This isn’t the only cryptocurrency venture that aims to disrupt the supply chain space – VeChain (VEN), for instance, is fusing supply-chain management with the Internet of Things (IoT). SyncFab, however, is all about the connection between hardware buyers and manufacturers.
SyncFab will get rid of intermediaries and provide production tracking for all products sold on the platform. On top of that, the payments to producers will be guaranteed – thanks to smart contract technology.
It’s a pretty straightforward concept – you can check out their whitepaper here.
The team behind this venture got a 4.7/5.0 according to ICO Bench, and it includes a Chief Executive Officer that served as EVP of a Construction Materials company during its NASDAQ IPO.
The product looks to be one with a wide addressable market – so the potential for this marketplace is looking good from this standpoint.
This is just another great example of innovative groups putting together a blockchain-based product that might actually make an entire industry way more efficient and cost-effective.
Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Please conduct your own thorough research before investing in any cryptocurrency.