Home » Business » SLOGN Announces (ICO) Initial Coin Offering

SLOGN brings their own Cryptocurrency to the Logistics Industry to be used for more efficient trucking business management, fuel and services discounts, parking spots, information systems management, and software access to deals.

Santa Clara, California, July 13, 2017, SLOGN, soon to be launching a new platform in the Logistics and Trucking Industry, has recently announced the launch of their Initial Coin Offering (ICO). SLOGN describes itself as an open source platform for decentralized logistics using blockchain and artificial intelligence. The use of blockchain is the first such use in this industry. It was time for a change, as it would benefit the truckers, the shippers and the end users.

Rumors have been circulating that the SLOGN Logistics Coin will be sold out before the ICO to big investment companies. During a recent interview, Govind Singh of SLOGN, responded to the rumors head-on: “Although we have a definite interest in our technology, platform and coin investment funds, our intention is to share this ICO of the SLOGN Logistics Coin among the community. Given the interest in the token and its importance since it is oriented on one of the most critical industries on the globe, we want to form a strong and broad community of token holders who would become our greatest supporters, advocates, users and contributors.”

SLOGN’s ICO start date is July 25, 2017, 3:00PM GMT. The offering will be in place for 3 weeks, ending August 15, 2017, 2:59PM GMT. SLOGN price for ICO stage is established at: 0.0001 ETH = 1 SLOGN. Total coin supply to be issued during ICO: 8,000,000,000 (Eight Billion) SLOGNs (800,000 worth of ETH). If less than 100,000,000 SLOGNs (10,000 ETH equivalent) sold, all transaction amounts to be returned to contributors’ wallets.

Upon a successful ICO, SLOGN reports that intend to remain open source and besides developing with the core development team, plans to allocate more than $10,000,000 to hire the best tech teams for growing the open source platform:

• 10% of Open Source Tournaments Fund for vendors selection hackathons and public programming competitions;

• 90% of Open Source Tournaments Fund for open source contributors reward fund.

Some of the benefits to the SLOGN Coin Holders:

Use Your Coin: For more efficient trucking business management: fuel and services discounts, parking spots, network optimization effects, and software access to deals.

Sell Your Coin: To a new member based on fairly established market price both on SLOGN’s exchange and external exchanges.

Lease Your Coin: The coin provides discounts for various services in the trucking industry and is needed for connecting to the system. Anticipated annual interest rate is 20%.

Trade Your Coin: Or its derivatives on cryptocurrencies exchanges.

SLOGN is building a logistics tech ecosystem with an open source marketplace connected to a blockchain and destined to bring smart contracts, cryptocurrency wallets and machine learning for essential optimization in the logistics industry. The Trucking Industry itself is a $700 Billion market segment. SLOGN is leading the way to an efficient, accountable and transparent trucking industry through their online marketplace platform for small for-hire carriers, freight brokers, and drivers.

For complete information, please visit: https://www.slogn.net/ico

Media Contact:

Attn: Media Relations
Santa Clara, California
+1(415) 851-0018 /Govind Singh