The Global Funeral Care project is entering the growing market for social communication and aims to improve the quality of services. Global Funeral Care has a strong team and advisors, who between them have extensive experience in this business area. The fact that the management has sufficient experience of joint work and is successfully developing its business is a definite plus for Global Funeral Care. Having studied the available information and written this review, we did not identify any significant risks that could negatively affect the price of the token.
General information about the project and ICO:
The Global Funeral Care Foundation is developing a decentralized platform without entry barriers and a cryptocurrency, which together will support the funeral industry on a global level.
Platform: Ethereum and swap to native blockchain on June 30 2019.
Technical Standard: ERC-20
Token: GFCS
Soft Cap: -
Hard Cap: 57 000 000 USD
Pre-ICO:
Date: 2018.12.26 - 2019.02.28
Token price: $0.35
Token sale:
Date: 2019.03.01 - 2019.06.30
Token price: $0.4
Accepted currencies: FIAT, BTC, and many Altcoins.
Number of tokens for sale: 160 000 000 GFCS
Token distribution:
Crowdsale: 80%
Team & Advisors: 15%
Referrals: 5%
Funds Allocation:
Level 1 - $0 to $1,000,000
The Funds Will Be Mainly Used to Develop The Platform.
The foundation will develop the platform with the current team and will make the platform firstly operational in the United States, United Kingdom, and the Netherlands with the aim to achieve self-sustainability. The funds will be used only for operational costs.
Level 2 - $1,000,000 to $5,000,000
The Funds Will Be Mainly Used to Accomplish Basic Objectives.
The organization will use the raised funds for legal matters, for hiring developers to help with developing the platform, and for hiring community managers to help with building the community.
Level 3 - $5,000,000 to $10,000,000
The Funds Will Be Mainly Used to Create a Marketing Department and for Exchange Listings.
The funds will be used to create a marketing department to develop marketing strategies. Furthermore, funds will be used to get GFC listed on several exchanges. The website and platform will be translated in the most dominant languages and in languages spoken in countries with a high cryptocurrency adoption rate. We expect to be able to translate the website and platform in at least eleven languages, which are: Arabic, Chinese, Dutch, French, German, Italian, Japanese, Korean, Portuguese, Russian, and Spanish.
Level 4 - $10,000,000 to $20,000,000
The Funds Will Be Mainly Used to Fully Accomplish all Objectives, to Employ Highly Skilled Employees and Influencers, and to Buy Powerful Marketing Tools.
Raising $20,000,000 will enable the foundation to hire highly skilled developers, designers, lawyers, influencers, and engineers from well-known organizations to significantly increase expansion and marketing capabilities. Furthermore, funds will be used to create partnerships with organizations that operate in the funeral industry, such as funeral directors and insurance companies.
Level 5 - $20,000,000 to $57,000,000
The Funds Will Be Used to Expand Operations and to Get Listed on the Biggest Exchanges.
Reaching the hard cap will increase research capabilities to research the industry in other countries, which enables the foundation to expand quickly to these countries. The Global Funeral Care Platform and website will be translated in at least twenty-five languages, and the organization will use the remaining funds to get listed on the biggest exchanges. This does not mean that the foundation will waste all its funds to get listed on a specific exchange. The foundation will spend the funds with the greatest care.
Project Description:
The Global Funeral Care Foundation offers a complete infrastructure by developing a decentralized platform together with a Proof of Stake cryptocurrency to support the funeral industry on a global level. The foundation wants to create economically productive relationships, play a key role in the advancement of knowledge and technology, and become an important link in the innovation chain in the funeral industry. Collaboration and knowledge-sharing between funeral homes, suppliers, and customers through the Global Funeral Care platform will enable faster and more advanced global innovation and increase transparency. Moreover, the platform helps these organizations to reduce distribution costs. The platform will generate profit through the Proof of Stake mechanism, advertising, and through an online marketplace where wholesalers and retailers that operate in the funeral industry can sell their products globally to funeral homes and consumers.
Services Provided on the Platform:
Matching System
Marketplace
Advertising
Informational center on regulations and the latest updates affecting the funeral industry.
Global Funeral Care Academy
Funeral talent attraction program
Market and Industry Review:
Extended Reality:
The current world population is 7.7 billion.
More than 150 000 people die every day. the funeral industry in the United States will grow within the next years. In 2017, the revenue from funeral homes and cemetery services was approximately $20 billion in the United States alone. The funeral industry in the United States is one of the biggest industries worldwide.
Documentation:
We have analyzed the Global Funeral Care website and documentation for sufficiency and consistency for making an investment decision.
Information about the project is available in the Website, White Paper. In the White Paper, the project is described in sufficient detail. The main emphasis is on the advantages and objectives of the platform. The vision is great.
The website also provides information about the project, Token sale, the Roadmap, Support Center, and the Team. The website is presented in English, Dutch and Indonesian.
Summary: The documentation enables a comprehensive view of the project. The work process of the platform is described in sufficient detail.
Team:
There is a team of 4 core team members, along with three advisors.
Key positions are occupied as follows:
Alex van der Wal, Founder & Chief Executive Officer
Experienced as an Operational Manager and Communication Specialist, the CEO of the Global Funeral Care Foundation his primary responsibilities are making major corporate decisions and managing the overall operations of the foundation. His main tasks include crisis management, setting deadlines, and communicating with third parties.
Francesco Ricci, Founder & Chief Technology Officer
Francesco has significant experience on blockchain technology. He contributed to the development of several cryptocurrencies and is highly interested in peer to peer technologies. It’s his personal mission to decentralize industries through the use of blockchain technology.
Freek van Leijd, Founder and Chief Marketing Officer
Freek is the connection with customers. He has many years of experience in the field of web development and marketing, has a background in international business, and in social media management. Freek is leading the marketing division and managing the development of the platform.
Itamar Salomão, Core Developer
Itamar is part of the core Global Funeral Care Foundation development team. He founded another cryptocurrency and participates in several other crypto currency projects. In the process, Itamar became a highly skilled blockchain developer due to his fulltime dedication to blockchain technology.
Advisors:
Richard Kastelein, Advisor
Kastelein has an Ad Honorem – Honorary Ph.D. and is Chair Professor of Blockchain at China’s first Blockchain University in Nanchang at the Jiangxi Ahead Institute of Software and Technology. He’s Founder and publisher of industry publication Blockchain News (EST 2015) at www.the-blockchain.com, partner at ICO services collective www.token.agency. Director of education company Blockchain Partners (Oracle Partner). Vancouver native Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He’s a top 20 ICO and STO advisor and Irish Tech News put him in the top 10 Token Architects in Europe.
Laurence Diederich, Advisor
Laurence Diederich is Board Advisor at Global Funeral Care. Furthermore, he is an advisor for startups, organizations, exchanges, and more in FinTech, Artificial Intelligence, and Blockchain space.
Maryana Konobevskaya, Advisor
Maryana Konobevskaya got interested in cryptocurrencies in 2017 and is an active crypto community member since then. Maryana has experience as a community manager, crypto currency analyst and ICO marketing.
Investment Risks:
In our opinion, the token price will grow with the successful implementation of the milestones established in the roadmap, as well as increasing user and partners interest in the platform.
The main risk of the Global Funeral Care project is: Whether the product will be able to take a sufficient share of the market.
Thus it can be stated that we have not identified any specific risks for the Global Funeral Care project.