Metal Factory

Metal Factory
ICO date: 01.07.2018 - 31.07.2018
Industry: Metal
Description:

Metal factory is a metalwork factory situated in Tomsk, Russia, that runs an ICO to fund implementation of ASOC in the business. Token holders get a part of the revenue.

How it works:

Tomsk Metalwork Factory is a functioning plant with $4.8 mio capitalisation. The aim of the ICO they’re holding is to gather funds for reconstruction and modernization of the plant. The company plans to implement advanced production control system (ASOC) to increase the plant’s capabilities and allow it to serve as a hub for later modernization of factories in Russia.

The end goal is to develop a high-tech scientific and industrial cluster in Russia that would be managed by solutions on the forefront of technology.

ASOC takes the best from enterprise management systems like ERP, MES or WMS. It is going to make the enterprise transparent and simplify its efficiency analysis. The system controls the expenditure of money invested, tracks financial performance and the quality of sales department performance.

This system based on blockchain manages supplies, simplifies interaction between all links of production, and gives investors an instrument to track the company’s performance.

The project’s location is very strategic, it has a big consumer situated near the plant, which saves a lot of transaction expenses. Competition for some of the produce in the region is basically absent. The plant is fully manned and has deals with raw material suppliers struck. The ICO funds will go towards improving sales department by ASOC and other things.

Innovation:

Metal factory doesn’t show any innovation in the conventional field of ICOs, but modernization of the plant and the overall idea is enough to grant it a high mark in this category.

Innovation score: High

Token value:

The price of TMF is tied to the plant’s capacities, but the real deal is that staggering 60% of company’s profits is distributed among token holders. The company also plans to redeem all tokens in 5 years. This is an offer not to be missed.

Token value score: High

White paper:

The white paper of the project presents a market overview, describes project’s competitive advantages, and states objectives of the ICO. It offers a detailed description of the plant, its capabilities and products, as well as gives financial projections and marketing strategy. Benefits for the token holders are outlined in the last part of the white paper.

White paper score: High

Roadmap:

The plant will be launched till the end of 2018. The company will implement ASOC system, train personnel and start purchasing additional equipment for new lines of production. Information on all the work done and money spent will be available for token holders in the annual report.

In the first quarter of 2019 ASOC system and production technology will see improvements and an independent audit. In the second quarter Metal factory will expand partnership network with research institutes and scientific teams. In the third quarter ICO investors will receive first dividends, ⅕ of tokens will be redeemed. In the last quarter the company will continue improving the business model and will publish another annual report.

In 2o2o the company will start attracting new investors, form internal self-regulating system of liquidity of the fund and start promotion of ASOC system.

Roadmap score: High

Business model:

TMF is a functional plant that is going to bring more revenue after modernisation. The estimates show $1 mio increase in pre-tax revenue in the first year of operation. Location of the plant allows it to beat competition in the region on some types of produce and seize a part of market on others.

The company knows their target audience, competition and competitive advantages well. Their strategy involves developing public-private partnerships with major construction companies, aggressive promotion in private construction industry, development dealer networks in other regions and finding new ways to brand their products.

A big advantage of the project is that it is backed by local government as an innovative one, so no legal problems should arise.

Business model score: High

Team:

The team is mostly responsible for running the plant. This review only takes a look on those members of the team who are in charge of ICO related activities. Managing director is a young and aspiring businessman with 6 years of experience in e-commerce and branding. He has good chances of changing old bureaucratic management structures and transforming the plant. Control systems engineer has more than 30 years of experience in the field and has experience of blockchain development. General system architect has 20 years’ experience in automation and robotics.

Metal factory doesn’t get the highest mark as it has no advisors. It doesn’t influence the score that much, though, because of the nature of the project.

Team score: High

Competitors:

The factory doesn’t have direct competition in many product lines in the region. It does have an improved management system that would allow it to lower the prices while making products of higher quality. This means that most Russian plants could not effectively compete with it

Competitors score: High

Overall thoughts:

Backed by the government and staffed with a team of professionals, this project is bound to succeed. With TMF tokens giving you a right for 60% of the company’s revenue, it is an asset you need in your portfolio.

Website: metalfactory.org
Whitepaper: Whitepaper

Overall Score

High

4.7 / 5

Risk score

Medium

Crowdsale


Pre-ICO

Pre-ICO start date: 01.05.2018
Pre-ICO end date: 31.05.2018

ICO

ICO start date: 01.07.2018
ICO end date: 31.07.2018
Hard cap: 5,000,000 USD

TOKEN DETAILS

Ticker: TMF
Token price in USD: 0,29
Bonus Program:

up to 40%01/05/2018 – 31/05/2018

up to 20% 01/07/2018 – 31/07/2018

Legal


ICO Platform: No
Registration Country: Russia