What is TEMCO?
TEMCO is a blockchain-based supply chain, originally based on the RSK blockchain. The platform leverages smart contracts to overcome the challenges facing existing supply chain management. It integrates disconnected and centralized supply chain management systems and offers data services. Overall, TEMCO provides companies with a business intelligence tool for business insights. For consumers, the platform enables tracking, sharing, and accessing real-time data throughout the supply chain. TEMCO ensures authenticity and transparency through the Vendor Verification System and product reviews.
In other words, the TEMCO project enables users to make informed choices when selecting products. They can identify products that have passed their supply chain management standards. Additionally, businesses can streamline their supply chain processes and structures for efficiency. Furthermore, they may use the data on the blockchain to optimize their product sales strategy and increase their profitability.
The use of the private blockchain helps to maintain privacy. Thus, the network can manage confidential information without exposing it to the platform.
TEMCO is the native token powering the network. You can view the TEMCO price on the live chart above.
Use Cases of TEMCO
The TEMCO token facilitates transactions on the TEMCO network. Users can pay for services such as product purchases and smart contract execution fees using TEMCO crypto assets. The token is also listed in external exchanges where it can be used in various ways. Additionally, TEMCO coin holders can also stake their assets and participate in various reward rewards.
However, do note that the TEMCO price may vary depending on various market factors. Check out the current one on the TEMCO price chart above.
Who Founded TEMCO?
TEMCO was co-founded by Scott Jaeseob Yoon, Brian Lee, and Hongsub Lim. Brian Lee has over 10 years of experience in IT and more than eight years in the global market and capital risk. He is also skilled in data analysis. Scott Jaeseob Yoon has over six years of experience in corporate finance. Hongsub Lim has over four years of B2B marketing experience.
Tokenomics of TEMCO
The TEMCO token has a maximum supply of 6 billion TEMCO. The token was launched with an ICO that started on December 24, 2018, and ended on December 27, 2018. TEMCO price was $ 0.00633 at that moment. The ICO raised a total of $19 million.
The proposed token allocation at launch was as follows:
- Token Sale – 50%
- Company and Team – 20%
- Advisors and Partners – 15%
- Bonus – 10%
- Operation – 5%
The fixed supply model is a hedge against undesirable inflation, which may affect the TMCO price in the long term.
