Science is one of the most fundamental things in our daily life. Mostly in a hidden manner but science making our lives easier and more comfortable. It started many years ago from the invention of the wheel and currently, we’re living in the world where supermarkets are entirely automated and payments conducted through mobile applications.
Blockchain itself is also one of the scientific achievements and it makes value transfer really easier, faster alongside with an extremely low fee. What do you think about transfer tangible value using blockchain technology? Dorado – is a blockchain-based platform developed by the same company who operates food delivery platform – foodoutgroup.com.
Auth. Note: If you wish to check website statistics, you should choose foodout.lt. This website is the oldest and better than anything display statistic of the service.
In most places, only restaurants have a delivery option, not department stores, not a pharmacy and so on. It means that Dorado has a big field to implement their solution. Alongside with the missing of delivery option, customers do not receive additional services at an appropriate level (such as tracking; phone calls; inconvenience).
What does Dorado offer?
Dorado is going to make an infrastructural operator to provide delivery abilities to many thousands of companies from different industries with different needs.
They are going to shift delivery from the traditional expensive methods to so-called: On-Demand delivery. It can be whatever you can imagine. From parcels to the food from a supermarket. Using Dorado, businesses will have an ability to reach more customers at a reasonable price. Companies will pay only in case of the order, so they will be able to control their cost structure.
What special about Dorado ICO?
Dorado token is a utility token and has its own value as a payment instrument when you will order any type of delivery, but at the same time project team is offering so-called “Swiss Token Model” – when utility token provides interest for its stakeholders. It will be equal to 7 % of the Net Sales.
What does SEC think about it? Probably, nothing, because the main area where the company operates, for now, is Baltic Countries. Regarding demand for their tokens, Dorado said that demand will correlate with growth of the platform. The platform, which is going to deliver whatever you can imagine using hi-end technologies and not only blockchain! We mean drones and robots, but for now, there is a lack of regulations in countries where the company operates and planning to operate later in time. For example, using drones in Belarus require a license from the Ministry of Defence and same conditions are in several Eastern Europe countries, so the growth of the platform will strongly depend on the Government Regulations what is very hard to predict. It may take long until the moment when streets will be full of drones and robots with Dorado logo on board.
Part #2. Implementation and Use Cases
As a concept, Dorado has a lot of perspectives and surely, this project is from the future, but a huge part of their success depends on the Government and new laws and regulations to liberalize their industry of automated delivery. The most common segment to work in for Dorado project is B2B. B2C and B2G segments are not so attractive for Dorado project.
Their end client is companies who are working within e-commerce industry and willing to sell their goods & services online and worldwide. Dorado may perfectly meet all the demand on logistic, doesn’t matter food industry or department stores, but only when they’ll be able to use robots for delivery. Using these technologies will decrease costs a lot and will make impossible to compete for traditional delivery firms.
Blockchain implementation is also looking forward to future. Logistic, finance and governance are the best areas to implement blockchain technology correctly. According to the whitepaper of the project, their system architecture is entirely decentralized and has been kindly developed.
Part #3 Team of the project
When our team has started to review executives of the project we’ve found out that Dorado CEO affiliated with one of the strategic partners of the project – Goldfish Fund. Probably, that obvious picture was the reason why Goldfish fund hasn’t reply to our email to confirm or decline their participation in this project. Another strategic partner – Chernovetsky Investment Group officially confirmed its participation in Dorado project.
To be honest, the team has a lot of stars, not huge, but a lot of the members were working with famous projects before Dorado. The team looks quite well and has everything required to achieve the success. There are enough specialists with different expertise and lot of professionals in logistics within one team. We’ve checked all available information about the executive team and haven’t found something strange or irrelevant, all profiles are working, previous experience is also verifiable.
Part #4 Social Networks
Dorado media presence is quite well. Not too many networks, they use but major once are onboard. The main indicator of social activities within the crypto world, became – Telegram and, mostly, public chats. Dorado’s telegram chat has more than 7.5k users with high level of engagement. No fraudulent or scam activities haven’t been detected.
Unfortunately, a legal report is not available, but we’ve read the token sale agreement and it’s strict but all mentioned there is equal to everything said or made by the project before.
Part #5: ICOguru conclusion
This project looks like a fantastic movie where everything automated and drones are working instead of delivery guys and robot-taxi driving around. All that do they declare is great and will be in nearest future, but still, it takes years to develop appropriate regulations for their ideas. For now, our team decided to not invest at ICO stage and we think that this asset will be suitable only for those who ready to freeze the money for at least 3-5 years. But then, profits should be huge.
The biggest asset for this project is a well-established enterprise with a customer base and working business model, all declared about blockchain will be great detail and soon it will be compliant with the newly developed regulations.