Syncfab

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FAQ with SyncFab Team
ICO Alert: How does SyncFab token function (MFG) reside within the platform and why is it needed?

SyncFab: envisions a dynamic buyer's ecosystem, manufacturers, suppliers and service providers actively buying, selling and ordering manufacturing-related services within Smart Manufacturing Smart Contract Blockchain. Initially, the incentive to join will be in the form of MFG Utility Tokens, which assign value to existing tasks in the supply chain and are currently not compensated, such as suppliers that collect quotes for buyers. Incentives work both for buyers and manufacturers as a way to bring them into blockchain.

ICO Alert: Can you give an estimate of how much the global manufacturing supply chain industry is in today's condition? What is the prediction of future growth in this sector?

SyncFab: The manufacturing industry in the US continues to increase, with growth expected to increase 5% per year to 2018. By 2014, about $ 1.4 trillion of exports are made in the United States. US companies that invest heavily in IIoT technology stands to gain from global demand as high as $ 10- $ 15 trillion by 2030, according to Accenture Technology.

ICO Alert: What are the main issues facing the manufacturing supply chain industry? How does SyncFab solve this problem?

SyncFab: Brokers and large procurement companies control access to many hardware manufacturing companies. They raise prices, do not provide Intellectual Property protection, and make it difficult for small innovators and medium-sized businesses to produce manufacturing easily. 31% of buyers mentioned that the right manufacturing supplier was a problematic issue, 39% had a security breach in the last 12 months, and the inefficient procurement process resulted in an annual loss of $ 1.5 billion for revenue in North American business. SyncFab was founded in 2013 and has developed an online decentralized buyer-to-manufacturer platform that combines all orders and sends requests directly to manufacturers that match buyer requirements in Smart Manufacturing Blockchain. Eliminating intermediaries,

ICO Alert: How do hardware manufacturers and potential buyers interact within the platform? Can you take us through a specific user case?

SyncFab: The current feature in SyncFab connects buyers to the manufacturer network that is checked for efficient procurement processes. Users on the site can:
  • Scan through a growing database of machine shop checked, mapped by locality
  • Search engine capabilities of each company
  • Find the profile, certification and production ratings of component manufacturers
  • Demand & order processing for-quote (RFQs)
  • Upload and share design files
  • Enter Quality Inspection report
  • Order History and Re-Order
  • Communication between buyers and suppliers is facilitated by SyncFab
  • Make a payment to a third party through Stripe integration
  • Perform ACH directly and wire transfers with the bank for lower transaction fees
  • Product delivery messages with shipment tracking
ICO Alert: Why does a company use SyncFab for more traditional services for hardware production?

SyncFab: The procurement process on SyncFab saves significant time and gives access to larger resources with the ability to track and manage parts of production compared to traditional procurement processes in the supply chain as it currently works.

ICO Alert: How to have a platform that works to benefit the company moving forward and what has been the initial reaction of the community?

SyncFab: This allows us to stand out from the crowd of other blockchain concept companies that do token sales from MVP or POC. The initial reaction is one of joy and relief despite the many new questions and interests in the industry that we hope to champion the cause of the manufacturing working class and who are traditionally seen as "left behind" or "have-not" in today's rapid technological development environment this.

ICO Alert: The Ethereal Network sometimes experiences a slow transaction period. Is there any concern that this may affect the SyncFab platform?

SyncFab: Ethereum is the originator of the Smart Contract protocol that fits our intelligent manufacturing process to make it the perfect partner. Nevertheless, we are concerned about growing network evidence in recent months and making plans to compensate temporarily at the same time encouraged by the recent announcement of the Etereum Foundation on planned improvements to address the time of the affected transactions.

ICO Alert: As a non-SyncFab question, we would like to request a unique prediction for ICO and crypto space in the future. Where do you see them in the next 3-5 years?

SyncFab: Cryptocurrency will replace fiat and IOs will replace IPO.


Information
Pre-ICO Pre-ICO begins on January 1, 2018 and will run until February 15, 2018. There are 300,000,000 Smart Manufacturing tokens (MFG) available during the entire ICO period, representing 30% of ADP's total inventory.

25% Bonus Reference:
Change 1 ETH = 1.562 MFG to 1 ETH = 6,250 MFG

0% Bonus Reference:
Change 1 ETH = 1,250 MFG to 1 ETH = 5,000 MFG

ICO ICO Information
The major starts on February 15, 2018 and ends on March 15, 2018. There are 300,000,000 Smart Manufacturing tokens (MFG) available during the entire ICO period, representing 30% of ADP's total inventory. A 33,000 ETH hardcap and a soft 15,000 ETER cap are set for this period and Pre-ICO.

1 ETH = 5,000 MFG

There are also the following bonuses available:


Token Distribution Information
There are a total of 1,000,000,000 MFG tokens made, with 300,000,000 MFG available during major ICO.

Contributors will receive their tokens after the main ICO so the team ensures that the project has reached its minimum goal and complies with the KYC process.

Visit the SyncFab website for more information and address contributions.

Allocation
30%: Sales Token
30%: Adoption of Pool Partnership
15%: Technical Development
15%: Smart MFG Tech LTD
10%: Founding Team and Bounty

Use of Crowsale Results
50%: Software Development
15%: Marketing and Business Development
15%: Administrative and Operational Costs
10%: Smart MFG Tech LTD
5%: Legal and Compliance
5%: Reserved

Team:
Jeremy Goodwin.
Andy Tong.
Jay Ligda.
Dennis Delgado.
Victor Nguyen.



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