300cubits 1is a blockchain solution for the container shipping industry, realized through the issuance of a digital currency called TEU 2Tokens. These tokens are supported by the TEU Ecosystem. Phase 1 of the project is to introduce TEU Tokens as a shipping booking deposit executed through a Booking Deposit Module to tackle the industry pain points of No Show and Rolling.
300cubits has earmarked 40mn TEU tokens to be sold to the public market. 300cubits has already sold 2mn, i.e. 2% of total TEU tokens for about 1,588 Ethers, which valued the TEU tokens at about $0.25 each ($25 million in total) based on the Ether value at the time. 300cubits intends to sell another 18mn TEU tokens starting 15 March 2018. This is a blockchain project solving US$23B ghost bookings pain point in the US$150B container shipper industry by creating a digital booking deposit, TEU ERC20 utility token, and ecosystem in Ethereum.
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