News By Tag
News By Place
Introducing FILO - A New ERC20 Based Token In the Market
FILO is a decentralized ERC20 token that has been created to back a global blockchain network that connects service providers with consumers. The initial application of Filo tech is in the ridesharing industry.
By: FILO Tech
Since Filo is a blockchain based project, it effectively uses the decentralization feature of the blockchain for the development of inter-related services that are free from agents and intermediaries. As of now, these services will only be launched in Singapore, Malaysia, Philippines, Vietnam, Thailand and Indonesia, with an estimated target reach of 110 million users.
Filo is an open blockchain platform upon which new decentralized APIs will be created to enable service providers to provide their services to a global community through the Filo network. The aim is to enable users to directly access the low-cost and high-quality services on the blockchain network. The first project of the Filo Network is a ride-sharing service that aims to renovate the sharing economy by providing users with a convenient platform for hiring and sharing rides.
About Filo Token
Total tokens: 1000 million (1 billion)
- Tokens for sale in Pre-ICO: 100 million (10%)
- Tokens for ICO: 200 million (20%)
- Tokens for Private Investors: 200 million (20%)
- Tokens reserved for Company: 250 million (25%)
- Tokens for Team: 50 million (5%)
The project is still in the ICO phase. The Filo ride sharing app has already been launched and is getting positive responses. The company is now working on creating more decentralized apps in the fields of food services, plumbing, medical, renovation, aircoin, concierge and maternity. To know more about the future applications of the Filo network, you can download and read the project whitepaper.
FILO will be conducting an ICO sale (in multiple phases) in order to raise funds for the project while giving potential investors an opportunity to become a part of the project. The Filo ICO schedule and other details are mentioned below.
Filo International Day Sale:
From July 21 to July 31, 2018
Token price: $0.02
Filo Power Day
From 1-8-2018 to 15-8-2018
Price: $0.02 per token
From 1-9-2018 to 30-9-2018
Total tokens: 100 million
Price per token: $0.05
From 1-10-2018 to 31-10-2018
Tokens on sale: 200 million
Filo tokens can be purchased in exchange for BTC, ETH, Bitcoin Cash and LTC (LiteCoin) during the ICO as scheduled above. The token will be officially launched on 1 September 2018 and will be distributed to the investors accordingly.
For more details on the new Filo token and the ICO, visit the website https://filotech.io/
Jason Tan(Founder and Director)