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"Since we started Foodout, an MVP of Dorado, we have been continuously transforming the way people order stuff. Combining its latest innovations in Artificial Intelligence driven chat-bot technology, deliveries by drone and robots with current Foodout’s infrastructure, operations, and big data from tens of millions of orders, Dorado ventures to re-invent the ordering experience on blockchain, while improving upon business inefficiencies caused by human." (Whitepaper)
The native tokens will be used by businesses that offer their products through Dorado, couriers, and clients. There is a lot of utility for this token and considering they already have a large user-base it should be no problem incentivising them to switch to this model.
Planning to implement drones and robots in order to facilitate food delivery. I like this because it shows Dorado is keeping innovative even with their outstanding growth over the past few years. Seems that the team hasn't become complecent and is trying to achieve new highs.
500 businesses have already pre-agreed to take utilise their platform once it's fully functional.
All of the token holders will receive 7% monthly bonuses from the net sales Dorado achieves.
They are mainly undertaking an ICO to raise capital in order to aggressively expand and market their service. Yes they are also implementing their model onto the Blockchain and incentivising parties with the tokens, however this isn't the main reason for this ICO.
The hard cap is around $80M. which is very high. They do have big plans and for a medium-sized firm like them to expand to more territories they need this kind of capital. However, the room for growth in the short-term is limited.
Their expansion plan is incredibly ambitious (more than 20 countries in 4 years). There is a chance that this massive expansion might force them to make a strategic move to either halt their plans or have another funding period. If they choose the latter it could mean that the ownership liquidates and the 51% that is currently owned by the token holders from the crowdsale will diminish.
Jonas Karosas (Co-Founder) - Board Member at CILI (largest restaurant chain in the Baltics) & Board Observer at Pigu Group (fastest growing e-commerce site in CES/CIS region). +8 years of experience in e-commerce, apps, startups and venture capital.
Flip: Medium | Long-Term: Good
For further information and more information about this project go to the following:
Isee0s Review Spreadsheet: http://bit.ly/2jpOUHX
Telegram Isee0s Announcement Channel: @IseeOs
Telegram Isee0s Chat Group: @https://t.me/iseeos_reviews
The information provided is not to be construed as financial advice in any shape or form. You are strongly advised to conduct your own research before investing. As an investor, you are solely responsible for your actions. I cannot be held liable for any losses you may make. This information is simply my view and opinion on the subject.
