This latest initial coin offering (ICO), 3D Token 3DT is perhaps just another testament to the rapid rate with which blockchain technology is readily shaping the future of all industries, even that of printing.
3D Token 3DT seeks to revolutionize the way we think about and use 3D printing facilities by creating a network of 3D printers using blockchain technology.
The history behind 3D Token
The rich history and team experience are definitely one of the factors that set 3D Token apart from the majority of ICOs. The ICO and 3D printing network are based on a pre-existing business that has been up and running since 2008. Ever since its establishment, the company has been specializing in both the developing and manufacturing technologies needed for optimum 3D printing.
In addition, the Italy-based firm, Politronica SRL, has links with the Italian university, Politecnico di Torina. The notorious university boasts the fact that it’s considered as being one of the world’s top 40 academic institutions and is currently being acquired by the London-based company, Etroninvest. Politronica works closely together with the university’s Department of Applied Science and Technology from the Department of Electronics.
The close ties with infamous academic institutions have ensured that the team behind Politronica SRL are experts in the field with a focus of constantly learning and developing new techniques to stay at the very cutting edge of printing technology.
3D Token’s Mission
With their team of leaders and experts in the field of printing technology and a decade’s experience, the team behind 3D token aims to revolutionize the very landscape of 3D printing. By creating a dedicated blockchain network, the team from 3D Token wants to connect thousands of 3D printers to the blockchain network, an idea that will give birth to a brand new concept of 3D printing.
The team’s initial tests so far have proved successful. During these tests, they successfully connected 50 members on their blockchain network, which equates to 100 3D printers on a single network. While this small-scale test was successful, the team now wishes to connect up to 3,000 printers to the same network and 1,000 network members.
By creating a dedicated network of connected printers, the 3D Token team hopes to uplift industry standards by reducing both production time and costs. Using the unique network robots’ workforce, 3D Token aim to reshape a more innovative manufacturing environment for C2C, B2C, and B2B.
In addition to the blockchain network which will be maintained by the connected printers, 3D Token will develop an online platform where all 3D Token holders will be able to exchange their 3D Tokens with other peers on the platform or to sell their tokens back to the network itself.
What is 3D Token?
The 3D Token is the uniquely generated ERC-20 token that has been designed to be used on the 3D Token Blockchain network. After purchase, token holders can exchange their tokens on the dedicated 3D Token platform or resell it to the network. In addition, the tokens can also be used as a means to invest in other projects related to the 3D printing industry.
The 3D Token ICO
The 3D Token ICO pre-sale was launched on December 18, 2017, and ran for two weeks up until December 31, 2017. In this time, the ICO received an enthusiastic response from the crypto and ICO community as they managed to reach their soft cap and raise over $1 million.
The official ICO sale has been active ever since January 2017 and is currently in its third phase. During the third and final phase, investors can buy 3D Tokens using a 50% discount (up until the ether price has recovered). 3D Token accepts a minimum investment of 0.1 ETH which is sure to appeal to a wider range of investors. At the time of writing, a single 3DT is available for $0.27.
The final round of the ICO sale is currently running and will conclude on February 11, 2018.
Prospective investors can easily invest in 3D Tokens ICO sale by investing in the token using ether funds. In order to invest, you would need a wallet that is available either as an app or online wallet. For a list of supported wallets, click here.
All funds raised during the ICO pre-sale and sale will be used to fund various aspects of the project:
- 15% of funds will be used to implement the infrastructure and to further the network development.
- 15% of funds will be dedicated to the implementation of the online platform.
- 10% of raised funds will be used for marketing.
- 18% of funds will go toward further research and development.
- 20% of funds will be used towards overhead costs.
- 15% of raised capital will be used for general provision.
- 45% will go towards the ICOs development as well as cover Forex fees.
- 3% of funds will be used to cover all consultation fees.
What sets 3D Token sale apart is their immense experience in the field of 3D printing. Like so many other industry leaders, 3D Token is finding a more productive and efficient way forward by harnessing blockchain technology, and this project is likely to cement their place as the industry leader of 3D printing. This project is the perfect investment opportunity for large businesses who wish to optimize their working processes that have become too bogged down by too much time and money spent on efficiently printing projects.
To read more about the 3D Token project, you can visit their website or read their whitepaper.
Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Please conduct your own thorough research before investing in any cryptocurrency.
Image courtesy of The UC San Diego Library via Flickr