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#Blockchain All projects

SyncFab: Revolutionizing hardware manufacturing with blockchain

Syncfab revolutionizes the manufacturing supply chain by connecting buyers directly to hardware manufacturers through blockchain

stage Ended crowdsale

4.0 Rating

by 2 users


    KPLs

    • Employees20

    Traction

    June, 2015

    SyncFab 1.0 launches Local Product Development Design and Manufacturing Ecosystem

    March, 2016

    Cities of San Francisco and San Leandro select SyncFab for STIR Civic Technology Partnership
    Program

    September, 2016

    White House and DOE add SyncFab into the Clean Energy Smart Manufacturing Innovation
    Institute (CESMII)


    Presentation

    Blockchain for Manufacturing Supply Chain Mitsubishi Presentation by SyncFab


    Team

    12
    man Jeremy Goodwin

    Chief Executive Officer

    Jeremy is currently the CEO of SyncFab. From 2008 – 2012, Jeremy served as EVP and CFO of China Advanced Construction Materials Company leading it to peak performance of 2,000 employees and NASDAQ IPO. From 2002 – 2008, Jeremy was Managing Director of 3G Capital Partners and Global Capital Group – Trans-Pacific Merchant Banking Firms with more than $250M in transactions.

    man Andy Tong

    Chief Strategy Officer

    Andy Tong is a entrepreneur known for his success as CEO and Founder of top online game portal MMOABC which garnered millions of monthly visitors from North America with zero spent on advertising. Andy’s current role as Chief Strategy Officer involves influencing, maintaining, and fostering relationships with strategic partnerships, investors, and customers.

    man Jay Ligda

    Chief Technology Officer

    Jay is currently the Chief Technology Officer of SyncFab. Jay’s responsibilities involves managing a team of developers to maintain, and develop the SyncFab application. Jay is a self-educated technologist who’s been in the development community for the last 20 years.

    man Dennis Delgado

    Chief Design Officer

    Dennis Delgado has over 10 years in the art and design world. He has worked in many roles from gallery director to UI/UX designer. He has curated numerous Art & Design shows with artists whose works are in the collections of SFMoMA, MoMa, Mint Museum, Pompidou, and The Art Institute of Chicago. Currently, he is developing the online experience of the SyncFab platform matching businesses to local manufacturers.

    man Victor Nguyen

    VP Product & Operations

    Victor Nguyen has a vast set of experiences in the startup, public, and private sector, both nationally and internationally. He was educated as an Engineer, but since have expanded his experience to include marketing, sales, customer success and product management.


    Advisors

    10
    man Mike Jones

    Business Advisor

    Mike Jones is an internet executive, investor and strategic advisor and CEO of Science, Inc. He is Los Angeles’s most active angel investor with more than $2.5B in exits. His exits in 2016 alone included Science portfolio companies HelloSociety (acquired by New York Times), FameBit (acquired by Google) and Dollar Shave Club (acquired by Unilever).

    man Gil Penchina

    Crypto Advisor

    Gil Penchina is a serial entrepreneur, super angel and Partner at Ridge Ventures. He’s an investor in Brave, Ripple, Filecoin, Civic, EOS and was actually an angel investor in the first cryptocurrency startup, PayPal in 1999. In addition, Gil has been an active angel investor in over 300 companies including firms such as Dollar Shave Club, Cruise Automotive, LinkedIn, PayPal, AngelList, AltSchool, eShares, Wealthfront, Indiegogo, and many others.

    man Jeff Berwick

    Financial Advisor

    Jeff Berwick has been a technology entrepreneur and investor since he founded Canada's largest financial website, Stockhouse.com, in 1993. The company went on to be worth $240 million at the peak of the tech bubble. Mr. Berwick founded The Dollar Vigilante in 2010 and became one of bitcoin's most prominent promoters when it was $3 in 2011. He continues to be one of the most watched promoters of cryptocurrencies and blockchain technologies through The Dollar Vigilante.

    man Simon Cocking

    Marketing Advisor

    Simon Cocking is Senior Editor at Irish Tech News, Editor in Chief at CryptoCoinNews, and freelances for Sunday Business Post, Irish Times, Southern Star, IBM, G+D, and other publications. He has advised 18 successful ICOs to date and is an accomplished public speaker at events including TEDx, Web Summit, Dublin Tech Summit, and overseas in Singapore, Moscow, Tel Aviv, Madrid, Tbilisi, Riga, Porto and Helsinki in the last 12 months.

    man Peter Moricz

    Strategy Advisor

    Peter M. Moricz is an investor, founder, a mentor in startups and a successful advisor to numerous blockchain token offerings. Peter brings a wealth of first-hand knowledge and expertise to this ever-evolving industry. His focus is mainly Europe but has a global network of partners who are highly respected in the blockchain community.





    Crowdsale details

    Distribution of tokens
    • Crowdsale (30%)
    • Partnership Adoption Pool (30%)
    • SyncFab (15%)
    • Smart MFG Tech LTD (15%)
    • Founding Team and Bounty (10%)
    Budget allocation
    • Software Development (50%)
    • Marketing and Business Development (15%)
    • Administration and Operational Expenses (15%)
    • Legal & Compliance (5%)
    • Reserved (5%)
    • Smart MFG Tech LTD (10%)
    Details Indicators
    Token Symbol MFG
    Full Token Name Smart Manufacturing Token 
    Pre-crowdsale Start January 1st, 00:00 GMT+03:00
    Pre-crowdsale End February 14th, 00:00 GMT+03:00
    Crowdsale Start February 15th, 00:00 GMT+03:00
    Crowdsale End Hard cap is reached or March 15th, 00:00 GMT+03:00
    Crowdsale Hard Cap Fixed, 33000 ETH
    Crowdsale Soft Cap Yes, 15000 ETH
    Domain registration date 2013-08-21
    Domain owner ******** ********, SYNCFAB CORPORATION, 1933 Davis Street Suite 249, San Leandro, California, UNITED STATES

    Cost of the token

    500 tokens for 0.1 eth

    Price without discounts

    Bonuses

    Pre-crowdsale
    Bonus Dates Minimum purchase amount
    25% January 01 — February 14, 2018
    Crowdsale
    Bonus Dates Minimum purchase amount
    15% February 15 — 21, 2018
    10% February 21 — 28, 2018
    5% February 28 — March 11, 2018
    2% March 11 — 15, 2018

    Accepted currency

    • Ethereum


    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

    2
    Alexandr Gonchar April 28, 2018
    Rating of project
    4.0

    Advantages

    Elimination of intermediaries in the supply chain can be done by using the blockchain. This idea will undoubtedly bring success to the team in case of proper implementation. This method allows you to significantly reduce the final price of products, making it more attractive to customers.

    Risks and disadvantages

    In projects like that, the main disadvantage is the impossibility of switching suppliers from old schemes to new technologies. There are not so many companies that have switched to blockchain and use it in supply chains.

    Comments

    This project can become successful if a large number of big retailers would be attracted to a new technology and if they start to work on blockchain.

    Jordan Semanda March 28, 2018
    Rating of project
    4.0

    Advantages

    Simplifies supply chains making the process very efficient. the team looks efficient. It creates a platform for biding the press team is remarkable.It provides enticing incentives. Secure transactions with the help of smart contracts which ensures transparency. Provides safety of the transaction records.The press looks amazing.

    Risks and disadvantages

    Allows only one cryptocurrency so limits the development of the project.More ads are required for publicity. the ratio of MFG tokens to eth. The most tokens are being distributed within the team. High bonus in the pre sale might affect token sale.

    Comments

    The project relies on blockchain which is key in the industrial revolution. The project also provides. More is invested in investments, the project also provides a chance for the customers to provide incentives to the customers efficiently. The project is surfacing at a time of industrial change will also change the supply chain making it a sure success.


    FAQ

    About the MFG Token Sale Event

    What's being sold?

    The MFG token, a utility token, is being sold to current SyncFab users and early adopters of the Smart Manufacturing Blockchain.

    What is the MFG Token And utility does it play within SyncFab?

    The token will be used to execute smart contracts, incentivize and reward purchasers and manufacturers who will be placing parts production orders within SyncFab and the Smart Manufacturing Blockchain.

    How many MFG Tokens are there in total?

    Prior to the Token Distribution Event, SyncFab have generated a total supply of one billion MFG tokens (1,000,000,000). That will be the entire supply of the MFG Tokens – no more will be created after it’s generated.

    How many MFG are being sold in the token sale event?

    Thirty percent (30%) or 300,000,000 of the total MFG token supply.

    How does this entire sales event work?

    You are a purchaser or manufacturer and want to buy the MFG token early on to use with the Smart Manufacturing Blockchain. SyncFab have created a crowdsale smart contract, containing a smart contract address. After determining how many MFG tokens you want (more information on https://tokensale.syncfab.com), you will convert the token value to ether (ETH) and will send the ether to the crowd-sale smart contract address. The smart contract will convert the amount of ether it received from you into MFG Tokens.

    What is Ethereum?

    Ethereum is a cryptocurrency which includes a programmable smart contract platform. The unit of currency is called the ether (ETH). Ethereum was initially described by Vitalik Buterin in late 2013.

    For additional information, please visit these resources:

    https://ethereum.org
    https://en.wikipedia.org/wiki/Ethereum
    https://theethereum.wiki/w/index.php/Main_Page

    How does the sale process work?

    The detailed description of the sales process is located on https://tokensale.syncfab.com
    To streamline the buying process, please register for the KYC Whitelist before the start of the sales event. KYC Whitelist registration is found on https://tokensale.syncfab.com.
    Please follow the instructions on https://tokensale.syncfab.com. There will be detailed step-by-step walkthroughs in addition to tutorial videos.
    Please use our chat widget to the bottom right of the web-page to contact our Customer Support team if you have any questions.

    What is the MFG structure & pricing?

    Total Supply: 1,000,000,000 MFG
    Allocated market (public) supply: 300,000,000 MFG (30%)
    1 ETH = 5,000 MFG
    Minimum = 500K USD (500 ETH)
    Soft Cap = $15M USD (15K ETH)
    Hard Cap = $30M USD (33K ETH)

    Are there any bonus incetives being offered?

    Bonus incentives will be first come, first serve. The earliest purchasers will be rewarded additional MFG tokens.

    Bonus Structure based on the order of Ethereum (ETH) executed on the crowdsale contract:

    1. Minimum Goal (500K USD/500 ETH) & Soft Cap Goal (15M USD / 15K ETH)
    i. MFG Early Adopter Presale - 50% Bonus
    a. Begins November 15th, reserved for manufacturing professionals must complete KYC process. Vist https://tokensale.syncfab.com
    b. +2,500 MFG bonus per 1 ETH
    c. Equivalent: 1 ETH = 7,500 MFG
    ii. Public Presale - 25% Bonus
    a. Begins January 1, 2018 must complete KYC process. Vist https://tokensale.syncfab.com
    b. +1,250 MFG bonus per 1 ETH
    c. Equivalent: 1 ETH = 6,250 MFG

    2. After Presale (30M USD/33K ETH Hard Cap Goal)
    i. Main Public Token Sale - The public sale now includes bonuses — tiered by week
    a. Begins February 15, must complete KYC process. Vist https://tokensale.syncfab.com
    b. February 15 — February 21, 2018 (9:00 AM PST): 15% Bonus
    c. February 21 — February 28, 2018 (9:00 AM PST): 10% Bonus
    d. February 28 — March 11, 2018 (9:00 AM PST): 5% Bonus
    e. March 11 — March 15, 2018 (9:00 AM PST): 2.5% Bonus
    3. Any unsold MFG will be destroyed after the distribution event.

    What will happen to all the unsold MFG tokens during the Token Distribution Event?

    Any unsold MFG will be destroyed after the distribution event.

    What type of notifications updates will I be receiving?

    1. After you’ve registered for the KYC Whitelist through https://tokensale.syncfab.com, we will send you an email confirming you’ve been whitelisted.
    2. We will send out an email to all waitlist and whitelist registrants when our Soft Cap of $15M USD (15K ETH) is reached
    3. We will also notify all registered waitlist and whitelist registrants when the hard cap of $30M USD (33K ETH) is reached or when the sale end date has passed – whichever comes first.

    What is the token delivery plan?

    We will deliver the MFG after the conclusion of the public sale event.
    As noted above, on token delivery the tokens will be delivered to each purchaser in an amount equal to the price per token in ETH (as determined at the end of the token sale) times the amount of ETH the purchaser submitted. The same price will apply to all purchasers, regardless of when they submitted ETH during the token sale. (see “pricing” above for more details”)
    If you intend to use multiple ethereum wallets to purchase MFG token, note that each wallet will be credited with MFG separately in accordance with how much ETH each wallet provided.. We will not combine purchases from different wallets to any different delivery configuration: how you pay will be how you receive. If you want to receive the MFG in one specific wallet, all ETH must be sent from that wallet during the purchase.

    Where do I send ETH to?

    You should only send funds to the crowdsale smart contract address you see on the https://tokensale.syncfab.com. There will only be one smart contract address. The same address will also be listed on https://blockchain.syncfab.com and our Telegram channel (https://t.me/syncfab). For additional security, please validate and confirm each of these three channels contains similar numbers. For whatever reasons they’re not, please contact the Admins on our Telegram channels and let us know.

    How do I send ETH?

    Do not send from an exchange! You must have the private key for the wallet you are using. Options include myetherwallet.com or MIST-(https://github.com/ethereum/mist/releases). Don’t use Mobile devices.
    If your ETH is in an exchange, please send that ETH to your private wallet ETH address first, then send the ETH from your private wallet to the receiving ETH address provided by us on UKG token sale site.

    What if I want to send from an exchange?

    Please do not send ether (ETH) from exchanges – there are limitations, of which we take no responsibility for. Please transfer the money to your MyEthereumWallet account then transfer to the MFG crowdsale smart contract address. Detailed instructions is provided on https://tokensale.syncfab.com.

    Is there a whitelisting process?

    There is a form of Know Your Customer (KYC) oversight, and you must complete this registration in order to purchase the MFG Tokens. Please follow the instructions on https://tokensale.syncfab.com to register for the KYC and be whitelisted for the token crowdsale event.

    MFG Token Sale Mechanics

    Will the token sale be available to Canadians or US Amaricans?

    The MFG token sale will be available to anyone meeting the eligibility criteria (as set forth in the terms of sale) except those originating from the following countries: Iran, North Korea, Syria, Sudan, Cuba, Crimea, Yemen.

    Why is my balance/transactions not apearing on the token sale page? Why is my transaction not coming through?

    Blockchain transactions require confirmation by a certain amount of miners (‘consensus’) before the transactions go through. As of now, the blockchain can become busy (especially during large and popular token sales). This will be resolved with future updates of the Ethereum Blockchain. Be patient. You can check in on your transaction list in Blockchain (Ethereum) Block Explorers by Transaction ID (TxHash), Sender (Wallet Address) or Receiver (Wallet Address/Contract Address). If you would like to do this, you can do this on: https://etherscan.io or https://etherchain.org

    Why are you guys recommending MyEtherWallet?

    1. MyEtherWallet is currently one of the most trusted and lightweight wallet to use for handling Ether and tokens. MyEtherWallet supports all ERC20 Tokens. You can create a new wallet (for free) or you can sign on with your private key without downloading the entire blockchain. You will have instant access to your wallet funds and ability to issue transactions. Even if you are completely new to token sales or Ethereum, MyEtherWallet walks you through the entire process, and this secures your access and helps you be mindful of your security (such as backing up your private keys). MyEtherWallet also supports hardware wallets such as the Trezor.
    2. You can use MyEtherWallet offline, and in incognito mode of the browser.
    3. Use the following link, bookmark it and never use any other link https://www.myetherwallet.com. Always check your browser address bar after clicking this link, (to ensure that you were not rerouted by hackers, extensions or other security threats).

    Why can't I simply keep my cryptoasset balances on an exchange?

    1. With a wallet, you control the private key and, ultimately, that is the safest method of holding cryptoassets (as long as you can keep the key secure).
    2. When you keep funds on an exchange, there is a risk their wallet can be hacked or targeted. Plus, you have a login that opens an additional security hole for hackers to exploit, and it could put your assets at risk if your email address is compromised. As you can see, there is a domino effect that creates many more security risks when using an exchange.
    3. Aside from security holes, exchanges could face downtime or DDOS attacks (preventing your access to assets), government shutdown, or simply cut and run with all of your funds!

    Can I use another Wallet?

    We strongly recommend you stick to MyEtherWallet or Mist, and if you’re researching other wallets bear this in mind:
    Are you in control of the wallet’s private key? If the answer is no, then you cannot use that wallet or service to collect UKG from this sale.
    Does the client or wallet interface you currently use support ERC20 Tokens? If not, but you are in control of the private key, you may use MyEtherWallet with that private key as your interface to manage MFG (MyEtherWallet supports all ERC20 tokens).

    Where is your Smart Contract and was itreviewed?

    The codes to our crowdsale smart contract is available for public viewing and validation on Github at: https://github.com/syncfab/

    I found a bug / security flaw, who do I cantact?

    No problem – please contact us via [email protected]

    Have additional questions?

    Join our online community if you have any questions. Our community leaders are always active within each of these channels.

    These are the ONLY official accounts and channels of communication:

    1. Official SyncFab MFG Facebook Group – https://facebook.com/groups/syncfab
    2. SyncFab MFG Telegram Group – https://t.me/syncfab
    3. SyncFab MFG Reddit Group – https://reddit.com/r/syncfab


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