World over, brands and companies waste more than $1 Trillion due to lack of visibility of products through their supply chains. Without this data, brands end up spending their marketing budgets in an inefficient and sub-optimal manner. Without access to real-time stock and sales data, they end up with stock-out or over-stock situations, both of which are costly. The Discovery solution aims to address this problem through a three-layered solution of IoT hardware (Cliot), a Community of Public Users (Distributed Infrastructure) and a Data Analytics/AI layer. The user community who have their mobile application installed on phones, act as data harvesters in the network and get rewarded for lending their cellular data network for data transmission. The data analytics layer converts this data to meaningful information for brands to act upon.

DIS is an Ethereum-based token play the role of a process enabler, that is, it is the medium of exchange of value between the buyer (enterprise clients) and the seller (the user community).

Team:

• SELVAM VMS: Co-Founder & CEO.
• KUMAR T: Co-Founder & CTO.
• PRABHAKARAN NAMBIAR: COO.

DiscoveryIoT Pre-sale ICO began on February 1st, 2019 and ended at February 29th, 2019. DiscoveryIoT ICO began on April 1st, 2019. The ICO token supply represents 27.5% of the total token supply, so there is a total of 275,000,000 available, for 0.05 USD each. The ICO funding target is 5,000,000 USD, the funding cap is 19,600,000 USD and is expected to end on April 30th, 2019 or when the funding cap is reached. 

Token Reserve Split (72.5%):

• 4% Pre-sale
• 19.5% Bonus and Private-sale
• 12% Founders & Team;
• 15% Treasury;
• 5% Bounty;
• 10% Partnerships;
• 7% Advisors;

DiscoveryIoT ICO campaign features bonus and bounties.

Bonus Structure:

• 100% PRE SALE ROUND 1;
• 50% PRE SALE ROUND 2;
• 20% ICO ROUND 1;