Logistics is one of the market sectors that stands to gain the most from blockchain technology.

Other than finance, I can’t think of anything that will be revolutionised more than logistics.

There are already some very good general logistics coins and tokens in existence. Tokens like Walton (WTC) and my personal favourite VeChain Thor (VEN/VET). There are also more specific logistics coins. For instance: carVertical (CV) aims to track the entire lifecycles of vehicles and already has impressive partnerships secured. Knowing the entire history of a used car that you are considering buying will indeed be a game changer!

CargoX is such a coin; not quite as specific as carVertical, but not as general as VeChain. In their own words:

CargoX is the independent supplier of blockchain-based Smart B/L solutions that enable extremely fast, safe, reliable and cost-effective global Bill of Lading processing. CargoX has developed a decentralised platform based on the Ethereum network, and has a pipeline of future products for the supply chain industry.
From https://cargox.io

From https://cargox.io

Cryptocurrency Spotlight - CargoX

Vital Statistics

• TICKER: CXO
• MAXIMUM SUPPLY: 215 119 016
• CURRENT SUPPLY: 129 071 409
• CURRENT PRICE: 0.00001239 BTC / $0.11046 / 0.0001713 ETH
• VOLUME (24 HOURS): $130 830
• COINMARKETCAP POSITION: 451
• CURRENT CMC MARKET CAP: $14 257 228
• DOES BIT BRAIN HOLD IT?: YES
• WILL BIT BRAIN BUY MORE?: PROBABLY NOT
• BIT BRAIN RISK ASSESSMENT: LOW
• BIT BRAIN REWARD ASSESSMENT: VERY HIGH

Fantastic investment opportunity!

I sound like one of those scammers shilling their dubious product on social media, don’t I?

My apologies for the hard sell, but I believe that CargoX warrants it. As always, I’m willing to tell you why I say that.

Regular readers of mine will know that I am a highly diversified investor, more diversified than any other crypto investor that I am aware of. Now listen closely to my next statement:

I consider CargoX to be my all-round best investment wrt risk vs ROI.

Did that get your attention?

ICO

Launched during the ICO storm of January 2018, CargoX fell prey to the market crash straight after listing (as did many ICOs launched at the time).

The pre-sale was open to all who passed the KYC. Normally the amounts that I am willing to invest do not qualify for pre-sales, but CargoX had no minimum pre-sale amount! (Well done CargoX! On behalf of the amateur investors I applaud you!) Another big plus was that the pre-sale bonus was uncharacteristically small, further enhancing the overall fairness of the Pre-sale and ICO process.

From email sent by CargoX

Then this happened:

From email sent by CargoX

The pre-sale was so successful that it concluded within a day. Approximately half of the hard cap ($7 Mil) had already been met, leaving the remaining half for the ICO. Listening to concerns from the community. CargoX put measures in place to prevent whales from scooping up all the tokens.

Both from CargoX emails

CargoX shifted up their ICO timescale, warning investors that it could sell out fast… Then this happened:

From email sent by CargoX

7 minutes and 40 seconds. That’s how long the ICO lasted!

Of course this meant that there was a Gas war of note, something that didn’t sit well with the entire community.

From email sent by CargoX

The gripes on CargoX’s social media forums are numerous in this regard, but what could they do? I believe that they were more than fair to everyone. If people really wanted CargoX so badly then they could have participated in the pre-sale like I did! I have no sympathy for those who missed out for that reason.

Since listing, CXO dipped to about half its listing price (in ETH) and is now climbing back up towards it. I estimate that it will reach it later this week. I mention ETH as ETH was the only currency accepted during the token sale.

With so much interest in the Pre-sale/ICO, you should already see that CargoX has been taken seriously from the beginning.

What is CargoX really?

Short version: when something is shipped from place A on continent X to place B on continent Y it is placed in a container and away it goes. The paper work for it does not travel with the cargo. The official ownership document for that cargo is called the Bill of Lading (or “B/L” for short). The B/L is physically couriered (separately from the cargo) from the point of departure to the new owner at the point of entry. This is costly (about $100). CargoX estimates the cost of this couriering to total $5 Bil annually.

What CargoX is doing is digitising the Bill of Lading process and placing it on a blockchain, thereby making it paperless. They are creating what they call a “Smart B/L”. The Smart B/L has an API designed to integrate with existing software run by businesses. This obviously makes it relatively easy to convert to. The price of a CargoX Smart B/L should be about $10. With over 50 Million B/Ls being issued per year worldwide and CargoX promising to handle them “1000 x faster, 10 x cheaper and infinitely more secure”, you can see the logic behind their business idea.

They are not completely alone in this approach: IBM and Maersk are looking at similar ideas and VeChain is also in the mix, but each is approaching the problem differently and they will probably corner different sections of the market (e.g. European market, emerging markets, etc.). At the moment CargoX is ahead and is therefore set to gain the first mover advantages.

Logistics credentials

As a (very) young company, CargoX is aggressively hunting partnerships. (see https://cargox.io/partners-and-supporters/) I can honestly say that I see more CargoX adverts on the internet than any other blockchain project. I see them several times every day. They have already been successful in securing some significant partnership and supporter deals. See the picture below for more details.

From https://cargox.io/partners-and-supporters/

CargoX is making waves in logistics circles. The best way to see this is to visit their “logistics media” page and see the articles for yourself: https://cargox.io/cargox-in-logistics-media/. I also suggest consulting CargoX’s Medium page for more information from their side: https://medium.com/@cargoxio or visiting https://cargox.io/news/.

CargoX recently presented at the 6th International Logistics Congress (April 11-13) in Slovenia. The CEO (Stefan Kukman) demonstrated the creation, transmission and reception of a Smart B/L live on stage. It took only minutes. You can watch the presentation for yourself in this YouTube video:

Stefan is now in China pursuing more partnerships and supporter companies.

The 6th International Logistics Congress
From https://medium.com/cargoxio/cargoxs-blockchain-logistics-platform-goes-live-before-audiences-across-europe-a111b67b5eaf

Company

CargoX is based in Slovenia, but will probably move its base of operations to Hong Kong, while remaining a Slovenian legal entity.

They are a spin-off and partner of an existing e-logistics company called 45HC. This is good because it means that they already have the knowledge, partnerships, experience, people etc to hit the ground running. They don’t face a steep learning curve like most ICOs do after launch.

The team of CargoX are mainly from logistics backgrounds. Their credentials are generally rather impressive. Without making this post too long, I’m going to just refer you to https://cargox.io/about/organization/ for more information in this regard.

CXO Tokens

The CXO tokens derive their value from being required for issuing Smart B/Ls. CargoX state that they will have other benefits too like storage and the ability to pay for transportation costs. In March the CXO token was made a means of payment on 45HC.com.

25% of the tokens are allocated to future developments and are locked (for a year - ending 23 January 2019). Another 15% are allocated to team members and are also locked for a year with quarterly release intervals thereafter.

Conclusion

From cargox.io

One of the metrics I use to compare all my own coin holdings is to divide the number of tokens that I hold by the maximum token supply of each (and convert it to a percentage). This gives me the percentage that I possess of that specific coin or token. Of all my coins, CargoX is the second highest percentage wise (being beaten only by the much riskier, cheap and extremely low-supply MERCA coin). Proportionally I have about 30 times more CXO tokens than I do most similar coins or tokens. This should indicate to you just how highly I regard CargoX.

I apologise that I could not include more information from the whitepaper in this post, it simply refuses to load for me today (though it should normally be available on their website). Perhaps you will have better luck with it than I did.

CargoX is a low risk, high return token with a very small market cap (i.e. low price), a solid team and a well-connected logistics company. Therefore I consider it to be an excellent investment.

CXO can be bought on KuCoin and IDEX. I think that you will struggle to find a better deal anywhere in the crypto market.

Yours in crypto,
Bit Brain

DISCLAIMER:
I am neither a financial advisor nor a professional trader/investor. This is not financial advice, investment advice or trading advice. Unless otherwise stated, all my posts are my opinion and nothing more. Crypto is highly volatile and you can easily lose everything in crypto. You invest at your own risk! Information I post may be erroneous or construed as being misleading. I will not be held responsible for anything which is incorrect, missing, out-of-date or fabricated. Any information you use is done so at your own risk. Always Do Your Own Research (DYOR) and realise that you and you alone are responsible for your crypto portfolio and whatever happens to it.