Blockshipping, a company looking to revolutionize the container shipping industry, has a highly anticipated TGE that begins on May 14th. The Copenhagen-based project looks to fix many of the issues currently plaguing the industry.

Disclosure: This is a Sponsored Article

TGE/ Token Details

Users in the meantime can register to complete the KYC requirement, saving time for them when the TGE goes live.

Blockshipping’s token model consists of two separate tokens. CPT, Container Platform Token, will be used as an internal utility token, and CCC, Container Crypto Coin, as an external Revenue Share Token.

The Revenue Sharing Model will see initial sharing start at 20% of gross revenue from transaction fees. As revenue increases, this percentage will decrease but overall revenue for token holders will still increase.  

Token prices are locked in at $0.62 USD, to mitigate the volatility of prices in cryptocurrency. Contributions can be made with Bitcoin, Ethereum as well as bank transfers in both USD and EUR. BTC and ETH conversion rates are taken using the average price at the time of the transaction from Bitfinex, GDAX, and Bitstamp.

Minimum buy is set to $100 USD or around 161 CCC tokens.

Blockshipping to fix numerous issues in container shipping

Container shipping is a vital key to the sea-borne trade, responsible for 60% of the exchanges that happens globally.  There are many areas that sorely need addressing, such as overcapacity, low freight rates, security threats, and increasingly strict environmental regulations.

GSCP: first of its kind platform and registry

Blockshipping will fix this with the creation of the Global Shared Container Platform (GSCP), the first real-time registry of the approximately 27 million shipping containers, as well as a collaborative platform for all companies that handle container shipping.

This will allow all parties involved to more efficiently perform many tasks related to handling containers, which if widely adopted, could see industry-wide savings to the tune of $5.7 billion, as well as a significantly reduced global CO2 emissions, thanks to the smarter handling of shipping containers.  

Blockshipping’s CEO, Peter Ludvigsen has confirmed the onboarding of GSCP’s first customer, a carrier in the 10-20 global ranking, who has also joined their customer advisory board. Ludvigsen is also pleased with the reception of the concept, receiving nothing but positive feedback from key players in the industry:

“Traditionally, the shipping industry has a reputation for being rather conservative, but what I have experienced since the announcement of our GSCP project is anything but the traditional pushback on new business ideas. It has been like one unbroken series of positive dialogues with key players of all areas in the container shipping industry.”

“I am extremely proud to say that a few days ago Blockshipping obtained confirmation from a global container carrier that they will join our GSCP platform as our first customer. This is a carrier in the 10-20 global ranking who has also confirmed that they will join our Customer advisory board.”

Read up on the Blockshipping team here. To learn more about the token sale, revenue share model, and more, read their whitepaper. Chat with the Blockshipping team community members on Telegram. Users can also follow Blockshipping on social media, via Facebook and Twitter.