Vanig ICO interview

Disclaimer: for the ICO section we have developed a short Q&A with ICO representatives. All answers are presented exactly as offered. The content of the answers is not altered in any way and is the sole responsibility of the ICO representatives. At the end of the interview, you will find a rating that is given by our team, taking into consideration different factors. We consider projects rated above 8 as good projects, however we strongly advise you do your own research, as our website does not contain financial advice.

Name and position of the person responding: Prem Sekaran (Co-Founder)
ICO website: https://vanig.io
Whitepaper URL: https://vanig.io/latest-whitepaper
Restricted countries: USA
Soft cap (USD): 2.000.000
Hard cap (USD): 20.000.000
Token Sale start date: 7/23/2018
Token Sale end date: 9/23/2018

Describe your ICO project in one paragraph: Vanig is the world’s first integrated E-Commerce platform and Supply Chain ecosystem powered by the blockchain. Vanig Patent Pending solution addresses several significant Supply Chain and E-Commerce challenges and inefficiencies, providing a higher level of brand experience. Our Supply Chain ecosystem leverages the latest in blockchain technology through HyperLedger’s Sawtooth Lake technology. We simplify the E-Commerce experience and its embedded Supply Chain, eliminating intermediaries and manual processes as it ushers in a new level of transparency.

The Vanig platform is safe, secure, and user-friendly, benefiting all members of the ecosystem and embraces cryptocurrency payments. It shortens recall process and timelines for manufacturers and retailers, providing real-time product visibility through to the consumer. Provenance information on products, increasingly an essential consumer ask, is fully integrated.

 

How is your project different than other ICOs announced recently? Vanig Differentiators:

  • MVP is released (http://mvp.vanig.io). Vanig is first retail company to integrated Public and Private blockchain successfully with MVP.
  • Business partners agreement in place for a pilot program roll out
  • Top rating from repuated ICO sites, ICObench – 4.5/5, ICORating – Very High Hype Score, TrackICO – 5/5, ICOmarks 9.4/10, WiserICO – 4.6/5
  • Large Community Base – 60000 members altogether in facebook, twitter and telegram
  • Super Star team including former Executives/Leaders of Kmart and General Motors, IBM and Lbrands.
  • Patent Pending technology of E-commerce + Supply Chain data

 

Is your token an utility token? What is its utility? Utility, Vanig tokens can be used to purchase products on the Vanig Marketplace.

Does your ICO currently have partnerships or strategic relationships with other companies or organizations? Yes, BGroup Logistics, iFashion, MGX, iCommerce Asia.

 

How do you plan to use the funds in developing the project? (Ex. 40% R&D, 20 marketing, 40% pizza)

Business Dev & Ops 30%
Marketing and Sales 30%
Admin and Operation 20%
Legal and Advisory: 10%
Research: 10%

 

As a conclusion, here are TokenCouncil’s ratings:
Project idea: 10
Token utility: 9
Partnerships/real world usage: 8
Overall media buzz: 8
Communication channels and openness: 9
FINAL SCORE 8.8