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TEU ICO and Review
The TEU token is a project of 300cubits, which is owned by ETH Smart Contract Tech Ltd, a company based in Hong Kong which was founded on the 10th of last month. Their whitepaper really needs some good editing, and that could be why it hasn’t generated quite so much buzz (to this author’s knowledge) on this side of the world. But we won’t take away too much from their innovation or business model on such grounds. It’s easy to get lost in a slick production or a bad one and lose out on good opportunities or miss important warning signs. One prominent shipping executive always says that everyone lies in the container shipping industry. Lies that we do not know, but one thing we know first handed is that the shipment agreements in container shipping are often not honored. Service contracts get re-opened when the freight rates have changed so much. And it happens so often in recent years that freight rates could swing 50-100% within a year or even within a month. In general, an immu...
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