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#Technology All projects

Dorado: Next-generation leading on-demand delivery company with Quarterly Payout Bonuses

Dorado’s vision is to go beyond the food delivery, to deliver “anything customer wants”

stage Ended crowdsale

4.3 Rating

by 3 users


    KPLs

    • Employees22
    • Users29294
    • Cash flowPositive

    Traction

    February, 2018

    Raised Investment from most respected and well-trusted venture capital funds. With funds - aggresive expansion and becoming a leader in 6 countries.


    Investors

    6
    man Xiaochen Zhang

    President of Blockchain Frontier Group

    Xiaochen leads the implementation of FinTech4Good and Blockchain Frontier Group’s strategy which aims to introduce cutting edge fintech and blockchain solutions to emerging markets through incubation, acceleration and investment. He brings more than 16 years to scale up innovative ideas in North America, Africa, Latin America, Europe and Asia.

    man Pedram Assadi

    Head of Operations @ Uber Eats (Middle East)

    Pedram currently heads regional operations in Middle East for UBER Eats, a $60Bn market cap company and brings +8 years of experience in e-commerce, strategy, and operations. Before joining UBER, He has worked in executive positions at IBM, Rocket Internet and Amazon. On board is responsible for expansion and strategic partnerships.

    man Tomas Martunas

    Chairman of Foodout Group. Managing Partner of Goldfishfund

    Managing Partner at Goldfish Fund – Venture Capital Fund that Invests into Global Leaders. Experienced early stage investor. Spectacular entrepreneurial & operational experience. Director of various departments at Swedbank. CEO, App Camp – No.1 App development company in the Baltics.

    man Vladimir Kholyaznikov

    Co-Founder and CEO of KupiVIP

    Entrepreneur, Investor & Strategy consultant. Co-Founder and CEO of one the biggest Russia’s e-commerce players KupiVIP.ru (250M USD annual turnover). Vladimir will be sharing his vast knowledge, network and experience making Dorado another billion dollar company.

    man Ignas Mangevicius

    Blockchain expert & Co-Founder of Edgeless

    Advisor, Blockchain expert, Co-Founder of Edgeless (+200M USD market cap), which had one of the first and most successful ICOs. Ignas is an early investor into Dorado and is advising Dorado in all ICO and blockchain activities.


    Advisors

    15
    man Jonas Karosas

    Co-Founder / CEO

    Co-Founder of Dorado. Co-Founder of Foodout Group, which in 3 years Jonas built to leader in 6 countries. Partner at The Goldfish Fund. Board Member at CILI (largest restaurant chain in the Baltics) & Board Observer at Pigu Group (fastest growing e-commerce site in CES/CIS region). +8 years of experience in e-commerce, apps, startups and venture capital. Jonas’s extensive background and experience in tech and venture capital industries allows him to excel in this business.

    man Tadas Cekavicius

    Chief of Business Development

    Tadas is a multi-talented executive, who adapts quickly to new challenges and brings great value to Dorado’s business. Before joining Dorado, Tadas was CEO at 3 high-growth e-commerce companies (CreditInfo, Reilab and Tickets.LT) and recently was General Manager for “Taxify“, which recently raised 10M USD from DIDI Chuxing, biggest ride hailing app in China and Asia.

    man Evgeny Tikhomirov

    Co-Founder / Chief Operating Officer

    Evgeny has built 3 biggest internet companies in Russia. He was Chief Operating Officer at eBay Russia, Chief Commercial Director at Yandex (the Google of Russia) and Chief Commercial Officer at OZON.RU (the Amazon of Russia). A true entrepreneur at heart and an experienced executive. Dorado will be his 4th billion dollar company.

    man Erfan Hesam

    Co-founder / Chief Innovations & Logistics Officer

    Erfan is founder of several high growth companies: Kooorier.com (on demand delivery service), SEMfleet (equipment management and marketplace for logistics equipment, used by Norway’s largest logistics company and IKEA), Simplematics (hardware development for the logistics industry such as tire-pressure sensors and modems). Most recently, Erfan has founded Woopit.com, which is the company that Dorado will acquire in order to move into the Polish market.

    man Mykhailo Daniuk

    Chief Technology Officer

    Mykhailo is a an blockchain evangelist and a star at developing a company’s technological backbone. Has +10 years’ experience in IT. Was involved and build projects like Unisystem, GoGames, PayU, GillBus, Zakaz, Eda.ua. With plenty of experience in his field, he is able to provide not only tech work, but, most importantly, technical leadership and guidance.




    Crowdsale details

    Distribution of tokens
    • Crowdsale (51%)
    • Local Teams (15%)
    • Local Teams (8%)
    • Goldfish Fund & Early Investors (8%)
    • Advisors (7%)
    • Legal Counsel (5%)
    • Strategic Partnerships & Mergers (4%)
    • Bounty Program (2%)
    Budget allocation
    • Expansion and Business Development (50%)
    • Marketing & PR (20%)
    • Research and Development (15%)
    • Technology & Logistics (15%)
    Details Indicators
    Token Symbol DOR
    Full Token Name Dorado
    Crowdsale Start February 7th, 00:00 GMT+03:00
    Crowdsale End Hard cap is reached or May 16th, 00:00 GMT+03:00
    Crowdsale Hard Cap Fixed, 76500 ETH
    Crowdsale Soft Cap Yes, 3450 ETH
    Domain registration date 2018-01-15
    Domain owner Registration Private, Domains By Proxy, LLC, DomainsByProxy.com 14455 N. Hayden Road, Scottsdale, Arizona, UNITED STATES

    Cost of the token

    6667 tokens for 1 eth

    Price without discounts

    Bonuses

    Crowdsale
    Bonus Dates Minimum purchase amount
    33% February 07 — 21, 2018
    30% February 21 — March 07, 2018
    27% March 07 — 21, 2018
    22% March 21 — April 04, 2018
    17% April 04 — 18, 2018
    12% April 18 — May 02, 2018
    7% May 02 — 16, 2018

    Accepted currency

    • Bitcoin
    • Ethereum
    • Litecoin


    Rate the project

    Estimate the project on a five-point scale or switch to the simple scale

    Five-point scale Simple scale

    Relevance of the problem and Market size

    1 2 3 4 5

    Product competitiveness

    1 2 3 4 5

    Founders, Team & Advisors

    1 2 3 4 5

    Budget allocation and roadmap

    1 2 3 4 5

    Token economy, Tokenization & Business model

    1 2 3 4 5

    Distribution & Lock up of tokens, Discounts for early buyers

    1 2 3 4 5

    Summary rate the project

    1 2 3 4 5

    Rate the project by other users

    3
    Alexandr Gonchar April 27, 2018
    Rating of project
    4.2

    Advantages

    It is not just an idea, which needs a lot of funds for implementation, it is very interesting, and, what is more important, already working project. It present actual use of blockchain technology for food delivery in different countries.

    Risks and disadvantages

    The project, practically has no minuses, except for the further program on global realization of this idea. But I believe that it will be enough for the team to add to its list 5-6 more countries where they will use this solution.

    Comments

    Without a doubt, it is an interesting and real project already working in six countries. It has already gained some popularity among consumers. The idea of making a kind of Uber in the food delivery sector is very urgent.

    Denys Serhiichuk April 02, 2018
    Rating of project
    4.0

    Advantages

    Already working business from 2014. Partnership with the following investors: Goldfish Fund и Chernovetskyi Investment Group. The team and advisors are experienced ones.

    Risks and disadvantages

    Roadmap looks very vague. It needs to be more precisive.

    Comments

    An interesting project, the working business speaks for itself, but I'm a little embarrassed of the aim of conducting ICO. The purpose of it is not clear.

    Jordan Semanda March 30, 2018
    Rating of project
    4.8

    Advantages

    The project is already has an existent market base in over 6 countries this provides it with ready and assured market. The project has very promising traffic statistics which will make it survive in an extremely competitive market of start up ICO's The project has an effective expansion plan to ready markets that need effective use of fast and efficient delivery services. during the ICO sale the project will allow BTC or Litecoin which have relatively many users increasing the number of potential buyers. The ratio of DOR token to eth is good for increment in future token value.

    Risks and disadvantages

    The project allows only one cryprocurrency which limits the potential investors. The long term plan for a 3years might not attract those interested in short term investments.

    Comments

    The project is a great enhancement to the delivery business this project will succeed due to the fact that its already functioning in a vast market space. Diversifying the accepted cryptocurrency will enhance the market size. Dorado already has experiences in the market and customer loyalty incentives and rewards can be rewarded to the customers to solidify the customer relation and increase the market size. the project should expand as much to reach different markets but should be able to manage all these branches for continued existence.


    FAQ

    Top Questions

    What is Dorado?

    Dorado is based on the MVP – commercially available Foodout platform (foodoutgroup.com), which is already operating in 6 countries, with +50M in sales, 1M active users, +4M orders and 6227% growth in 3 years. Dorado’s vision is to go beyond the food delivery, to deliver “anything customer wants”, to become an “uber” for all the last-mile deliveries, leveraging existing teams know-how, platforms core technology, user base, and using latest innovations like drones, robots and artificial inteligence to scale globally.

    What is the Dorado's token model?

    7% of net sales payouts to Token holders.
    The bigger Dorado grows, the more token holders will benefit. Dorado has offered quarterly commissions payments within the ecosystem of 7% net sales to all Dorado token owners.
    This is a visionaries’ token — for the long-term. The longer you can hold, the greater potential value distribution you will get.

    What is Dorado's business model?

    Dorado has an high growth profitable business model, which can be viewed as a mix between Uber (commission fee) and Google (listing and advertising services). There are 5 main revenue streams:

    Commission fee
    Dorado charges 20-30% commission fee on orders from for delivery from the business which gets the order. For example, if a family orders a dinner for 30 USD, the restaurant makes the food and we deliver it. The restaurant gets to keep 70% of the total bill and we take 30% (10 USD); therefore, both parties profit.
    Delivery fee from customer
    Depending on the market, we charge customers a 2 to 5 USD delivery fee. This is low enough to still encourage people to order but also guarantees an additional revenue stream for us.
    Listing fees (Similar to Google Search Adwords)
    Just like Google Search Adwords, Dorado charges businesses to have their business listed higher on the results page that the customer sees when they search for delivery options.
    For example, If a pharmacy store wants to be seen more often and thus receive more orders, they can achieve this by listing higher in our platform, thus by paying an extra fee for us.
    Premium advertising services.
    For an extra fee, we offer additional promotion through our marketing channels. Businesses can achieve higher exposure by choosing one or more of the mediums we offer, such as promotion emails, social media posts, banner ads and more.
    3rd party ad services
    Foodout gets added revenue from additional 3rd party ad services like Google AdSense.

    I'm tired of investing into ideas on whitepapers. Is Dorado a working business, if yes where can I see it?

    As mentioned before – Dorado is based on the MVP – commercially available Foodout platform (foodoutgroup.com), which is already operating in 6 countries, with +50M in sales, 1M active users, +4M orders and 6227% growth in 3 years. Dorado’s vision is to go beyond the food delivery, to deliver “anything customer wants”, to become an “uber” for all the last-mile deliveries, leveraging existing teams know-how, platforms core technology, user base, and using latest innovations to scale globally. Thus rebranding from Foodout to Dorado happened.

    Why is Dorado doing an ICO?

    Because we believe that it is the most efficient way to grow and to create a community around our product globally.
    We have already successfully entered and became leaders in 6 markets and we strongly believe that with the help of an ICO, we can not only expand exponentially and more aggressively but also use innovative and technologically advanced ways to deliver our service. We have concrete expansion plans and our end goal is to expand to at least 18 countries in the next few years. It is an established real-world business that invites the crypto crowd to take part in its success.

    Who will use Tokens on the platform? And why token value should go up?

    There will be three parties that will use tokens on the platform: 1) Businesses 2) Couriers 3) Clients. Each party will need to buy Dorado tokens (DOR) for the use of multiple utilities and benefits, thus the bigger Dorado gets, the higher the demand for its token will be. Also Dorado has offered quarterly commissions payments within the ecosystem of 7% net sales to all Dorado token owners.

    Main benefits for the token are:

    DOR token as a discount ticket on the Dorado Platform.
    Dorado will provide businesses with perks that are only accessible with the use of DOR. These featured functions will include Google-like listings. Businesses pay in tokens to be listed higher on the platform.
    Couriers will receive payouts in DOR tokens.
    Refer-a-friend program, rewarding Introducers to Dorado platform with DOR tokens.
    Monthly “Dorado Prime” Program, which will give additional benefits and perks that will only be available for purchase in DOR tokens. (Equivelent to Amazon Prime program. )

    Is the team going to lock their tokens? How long for?

    Yes. As a further show of transparency and long-term commitment, we will lock up the tokens held by Foodout Group founders and team. The token lock period is 3 years. During the lock up period, no one can sell or buy these tokens.
    Due to the growing trend of ICOs that seem to have only been a tool for the founders to put some more cash in their pockets, we have decided that this is a crucial gesture of serious commitment to the project. We know that we are committed, but this seems like the most straightforward way to prove it to our investors as well.

    What is the Dorado expansion plan?

    We have clear plans and teams ready to expand to new countries. We have a proven track record of already successfully expanding into 6 countries already. Our expansion plans are:
    2018 – Russia, Poland, Australia, Canada.
    2019 – Finland, Norway, Sweden, Denmark, United Kingdom
    2020 – Netherlands, Turkey, Brazil, South Africa, Germany
    2021 – Korea, Japan, Thailand, Indonesia, India
    2022 – France, Spain, Italy, Switzerland, Switzerland, Czech Republic

    Please see our Roadmap on the website or in the Whitepaper for more details.

    Where is Dorado incorporated?

    Dorado is incorporated in Switzerland. Dorado’s team is international, our team members and advisers are located all over the world. We currently have 6 offices in 6 countries and +200 smartest people working in IT, Marketing, Customer Service & Logistics.

    What is the token allocation?

    To show a long-term commitment – Founders, Team and Dorado Group will lock their tokens for 3 years.

    51% Crowdsale (not locked)
    15% Local Teams (3 year lock)
    8% Dorado Group (3 year lock)
    8% Goldfish Fund & Early Investors
    7% Advisors
    5% Legal Counsel
    4% Strategic Partnerships & Mergers
    2% Bounty Program

    What is Dorado ICO uniqueness?

    Real and successful business in 6 countries;
    Clear expansion model;
    Strong team which does not worry to lock their tokens as they are here to deliver;
    Regulatory compliant;
    Future technologies: AI, Robotics, Blockchain to help rapid expansion;
    Attractive and clear token model.

    Token Sale

    When will the crowdsale take place? What is the softcap and hardcap?

    Crowdsale will start on February 7, 2018 and will end on May 16, 2018 or whenever the hard cap is reached.
    Softcap will be 3450 ETH.
    Token Creation has a hard cap: upon achieving this cap, token creation will stop and no further contributions will be accepted. The hard cap amount 76500 ETH.

    How much will the token cost during the ICO?

    1 DOR = 0.00015 ETH or 1 ETH = 6667 DOR

    What will happen with Dorado tokens if they are not sold?

    Tokens that are not sold during the Crowdsale will be burned automatically by the smart contract.

    Can everyone participate in the ICO?

    Although the Dorado ICO event will be open to the general public, individuals are to ensure they are eligible to participate in this in accordance to the legal jurisdiction they reside under.

    When will the Dorado tokens be listed on exchanges?

    We are in talks with all the major exchanges.

    Is the team going to lock their tokens? How long for?

    Yes. As a further show of transparency and long-term commitment, we will lock up the tokens held by Team for 3 years. During the lock up period, no one can sell or buy these tokens.
    Due to the growing trend of ICOs that seem to have only been a tool for the founders to put some more cash in their pockets, we have decided that this is a crucial gesture of serious commitment to the project. We know that we are committed, but this seems like the most straightforward way to prove it to our investors as well.

    Which currencies can be used to buy tokens?

    The accepted currencies for payments are Ethereum (ETH), Bitcoin (BTC), Litecoin (LTC) and USD (With Credit Card and Wire Transfer).

    Could Dorado token be considered a security token?

    No, Dorado Token is not a security token. It’s an utility token. Dorado is being advised by KPMG Swiss to make sure the token is not security.

    I’m a US resident, can I participate?

    No, United States of America citizens cannot participate in the sale of due to local regulations.

    You can participate in DOR tokensale if you are not a US citizen or don’t reside permanently in the United States, or you don’t have a permanent residence in countries such as Puerto Rico, the Virgin Islands, and other territories under the United States Control.

    Our DOR tooken will be tradeable after the sale. Interested US participants could buy it on the secondary market.

    Which exchanges will list DOR?

    We are unable to comment on secondary trading of the token or the exchanges that may list it.


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