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1-minute explanation of TEU Tokens

Ecosystem explained

300CUBITS NEWS

WHY TEU TOKENS?

Our tokens help to sustain the global supply chain for ocean borne cargo.

For Consumers

The majority of products in your malls and stores get there by container ship. But supply chain inefficiencies add to the prices you get charged. TEU Tokens help eliminate these inefficiencies.

For Retailers

Retailers seek to maximize sales with the lowest inventories.  This requires a highly functioning supply chain.

Application of blockchain technology can help fix their supply chains.

For Container Liners

Container liners need their ships to sail fully loaded for maximum profitability.  Gaps in the supply chain force ships to sail with un-filled capacity.

TEU tokens restore shipment reliability through Smart Contracts.

WHAT ARE TEU TOKENS?

TEU is a cryptocurrency designed as a booking deposit to fix the industry pain points of No Show Bookings.

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No Show Bookings cost the container industry $23 billion a year.

The Problem

Customers don’t show up with cargo for confirmed bookings.

The Solution

TEU Tokens are used as a form of booking deposit.

Market Penetration Approach

Free Tokens

TEU Tokens will be distributed for FREE to industry users.

Free Solutions

The TEU Ecosystem fees are payable in the TEU tokens that were given to the industry for free.

3-minute explanation of TEU Tokens by Johnson Leung on Bloomberg TV

HOW TEU WORKS AS A DEPOSIT

DOCUMENTS AND VIDEOS

BOOKING DEPOSIT MODULE PROTOTYPE

The prototype is connecting to the Rospten testnet in Ethereum.

Smart contract addresses for:

Please contact us at info@300cubits.tech to apply for a testing user ID.

IN THE PRESS

ROADMAP

INDUSTRY ROADMAP

WEBSITE RE-LAUNCH
JAN 2018
22 JAN 2018
SHIPPER SIGN-UP ANNOUNCEMENT DATE
SHIPPER SIGN-UP START DATE
1 FEB 2018
MAR2018
LIVE TRIAL OF TEU DEPOSIT BOOKING
TPM LONG BEACH CONFERENCE
5 MAR 2018
18 MAY 2018
SYSTEM BETA
SYSTEM LIVE
15 JUNE 2018
30 JUL 2018
SHIPPER SIGN-UP END DATE

ICO ROADMAP

ICO ANNOUNCEMENT / REGISTRATION DATE
12 FEB 2018
12 APR 2018
ICO START DATE
ICO END DATE
12 MAY 2018

MEET OUR TEAM

Our team consists of a strong panel of shipping and banking professionals.

Core Team

Johnson

Johnson Leung

Co-founder

Johnson has a combined 20 years of experience in container shipping (Maersk), port investments (Hutchison), and sell-side equity research coverage (JP Morgan, Jeffries) of the shipping industry.

Jonathan Lee

Jonathan Lee

Co-founder

Jonathan has a combined 20 years experience in banking as head of Treasury and dealing at several banks including China Construction Bank, Coutts & Co, Shanghai Pudong Development Bank and UBP.

Eugene

Eugene Kim

Co-founder

Eugene has 20 years experience in database technology and investment banking and most recently managed the fixed income middle office at Morgan Stanley Hong Kong.

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Tim Choy

Project Manager

Seasoned IT professional in providing project management, IT solutions delivery and technical consultancy. (Seconded from Kinetix Systems Ltd)

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Hong Chan

Solution Architect

A seasoned Solution Architect in IT industry where he drives the entire development team with the best available technology. (Seconded from Kinetix Systems Ltd)

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Kant Chan

System Analyst

A seasoned System Analyst in IT industry and a FinTech specialist. (Seconded from Kinetix Systems Ltd)

Advisory Team

David Yeung

David Yeung

Ex CEO of AIG Capital Partner

David currently serves as the independent investment committee member of the $1.2 billion IFC Global Infrastructure Fund and previously spent 17 years with AIG Global Investment as President and CEO of AIG Capital Partners.

kai lung hui

Kai Lung Hui

Chair Professor of HKUST

Kai-Lung Hui is a chair professor in the Department of Information Systems, Business Statistics, and Operations Management at the Hong Kong University of Science and Technology. His research interests include information privacy and security and IT policy.

Thomas Eskesen

Thomas Eskesen

Eskesen Advisory

Thomas Eskesen currently runs Eskesen Advisory, and previously worked for the AP Moller / Maersk Organisation for almost 30 years. He ran Maersk’s Refrigerated Cargo division and founded Inttra, the container shipping industry’s largest common booking portal.

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Charles G. Wellins

President and COO of FlexVan

Charles G. Wellins is the President and COO of FlexVan, a leader in intermodal chassis leasing services in North America since 1955. Charlie’s career spans over 30 years in ocean transportation, logistics, and integrated supply chain management.

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John Urban

Co-founder of GT Nexus

John Urban co-founded and was President of GT Nexus, the leading cloud platform for global supply chain across retail, apparel, automotive, chemicals, pharma, consumer electronics, and logistics service providers verticals.

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Hua Joo Tan

Independent Shipping Analyst

Hua Joo Tan now works as an independent consultant and analyst for weekly industry data analytic newsletter that is being read by thousands of readers from container shipping industry.

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