Hong Kong - 300cubits, an Hong Kong based company that has facilitated the first trial shipment of containerized cargo using its TEU cryptocurrency token booking deposits, has announced that it will launch its first ICO, Initial Coin Offering, on 12th April 2018.
The ICO will continue for a month «during which - writes the company in a statement - the early adopters of this blockchain-based container shipping platform will gain access to 18,000,000 of a total supply of 100,000,000 TEU tokens».
The Malaysian liner company West Port and the Brazilian textile importer LPR have taken part in the trial, last week. The experiment has seen the use of TEU tokens, which have been developed by 300cubits and are referred to as Bitcoin of the shipping industry. As part of the trial, TEU tokens were used for booking deposits using the blockchain solution.