Fr8 Network has announced an upcoming public sale of FR8 token on the popular cryptocurrency exchange LAToken. Beginning May 15, 2019 registered users of LAToken can purchase FR8 through LAToken’s token sale platform. This exclusive purchase opportunity will be available for 7 days before the launch of the FR8/BTC trading pair launching on May 22, 2019.
Fr8 Network is a leading blockchain and logistics startup focusing on inefficiencies in global trade. Starting with the $800Bn US trucking market, Fr8 Network will drive improvements in visibility and trust through an online marketplace of applications.
“As a tool to incentivize behaviors in an ecosystem like US trucking, digital assets are incredibly useful,” says Sloane Brakeville, CEO of Fr8 Network. “Where many logistics professionals are slow to adopt new technology, having a way to incentivize marketplace members to participate becomes a big advantage. We plan to use FR8 tokens as a way to pay for software subscriptions as well as reward drivers for uploading data during deliveries.”
Fr8 Network has also reserved an allocation of FR8 for industry professionals who wish to join the ecosystem early.
“We ask that companies and professionals in the logistics community reach out to get more information,” Sloane Brakeville noted. “Many of the products we are working on depend on data from organizations joining the network. For example, a trucking company’s Fr8 Score can be enhanced for a brokerage firm to give their salespeople quick compliance validation when booking with unfamiliar trucking companies.”
By hosting a public sale of FR8 we look forward to having new users join the broader Fr8 Ecosystem. LATOKEN is already a leading cryptocurrency exchange that will provide a method for new ecosystem entrants to participate in the exciting things happening at Fr8 Network.