Grotto Technology Inc.
What is Grotto Technology about?
We will unite commercial buyers and sellers in a decentralized, open and fair network, enabling the execution of business processes across whole industries and participants. This will allow businesses to generate economies of scale through the ability to interact with anyone on the network.
What is the value proposition?
Grotto’s first automation solution will be Supply: a patent pending business process automation solution for businesses in the beverage industry. The beverage industry in the United States generates over $380 billion in sales annually. Retailers are faced with the burden of managing multiple vendors. Grotto Technology will provide an automation solution to connect wholesalers and retailers in an open network that will improve the efficiency of purchasing and automate back office processes.
The token
Hard cap of 600M USD
Total Token Supply: 1,000,000,000
Reserved: 300,000,000
End Price: 0.002 ETH
Because the number of tokens is limited, and subsequent issuance is not allowed, the price of GTST will be determined by demand. Demand for GTST will grow due to several factors, including, but not limited to:
• Transactions will be executed in GTST. Accordingly, increase in network members’ trading volume will increase demand and for tokens.
• The volume of the potential market supported by GTST significantly exceeds the tokens' market capitalization at the time of the Token Sale.
• Grotto Technology has a patent pending technology, thorough road map for product development, and marketing and sales plan that will consistently increase the project's audience and increase the level of adoption.
• Grotto Supply will have partners preceding the official launch who will provide an active client base.
Roadmap
Team members
Strengths
- Market opportunity is huge as even little improvements in the way of operating in the industry will lead to significant cost savings when scaled
- The managing organization has a patent pending technology, Grotto Supply, to streamline beverage sales process
- Use of funds described and budgeted for different funding amounts
Potential concerns
- The high hardcap of 600m USD could dilute the market value of the token
- The size and engagement of social media community is very low for the time being
- The project would greatly benefit from having additional team members and blockchain advisors at this stage
