DEEP AERO ICO Overview – Global Coin Report
One of the more interesting token sales happening right now is the DEEP AERO ICO.
DEEP AERO is building an AI-driven, autonomous, self-governing, intelligent drone/unmanned aircraft system (UAS) traffic management (UTM) platform on the Blockchain. It is designed to enable safe low-altitude civilian flights of manned and unmanned aircraft in the shared airspace.
“The use of unmanned aerial vehicles is increasing exponentially. We’re heading towards a future in which millions of drones will fly billions of flights. At some point in the not-too-distant future, fleets of commercial drones are expected to swarm across the skies. Current airspace management and air traffic flow management systems don’t have the capabilities to handle the type of operations relevant to drones. In addition, the anticipated traffic density of drones is far beyond the capabilities of current air traffic management systems.”
Gurmeet Singh began his journey with drones three years ago. Prior to that, he was the President of Anand International for over 22 years and oversaw its operations spread across the UK, Dubai, India and Thailand.
Gurmeet has built quite an international team at DEEP AERO. The team is comprised of members from India, UAE, Canada, USA, Netherland, Ireland, Ukraine, Cyprus and Spain. In addition, the team members cover all the basis needed for DEEP AERO to be successful – blockchain, AI, drones, and aviation.
Total Supply: 5,000,000,000
Founders: 1,250,000,000 25% and locked for 24 months
Advisors: 500,000,000 10%
Pre-Sale: 500,000,000 10%
ICO: 2,500,000,000 50%
Marketing: 250,000,000 5%
Price: 1 DRONE = 0.00005 ETH or US$0.05
ICO Phase 1: 25%
ICO Phase 2: 15%
Minimum Investment: 0.1 ETH
Distributed in ICO: 55%
Soft Cap: 10,000 ETH (approx. $7.2 million)
Hard Cap: 135,000 ETH (approx. $97.47 million)
DEEP AERO is also conducting a contest whereby it will give 1 passenger drone (worth $450,000) and 300 DJI PHANTOM 4 PRO drones (worth $1,500) as reward to lucky winners from the pool of all contributors who contribute 1 ETH or more to its ICO campaign, subject to the ICO campaign getting fully subscribed.
DEEP AERO will be integrating with the Bancor Protocol to provide continuous liquidity for its DRONE tokens. By integrating the Bancor Protocol, DRONE token holders will gain access to continuous liquidity regardless of trade volume or exchange listings, through the Bancor Network, where any integrated token can be automatically converted to any other directly from the Bancor Wallet or any Web3 wallet, such as MetaMask.
DEEP AERO CEO Gurmeet Singh said:
“We have a huge community and anticipate massive demand for the DRONE tokens, so it absolutely makes sense for us to provide our users with an easy way to convert DRONE tokens as soon as the ICO is finished. Integrating with Bancor will provide liquidity to everyone who wants to be a part of the drone economy as we build our platform and revolutionize the drone industry.”
DEEP AERO will activate a Relay Token with 2% of its circulating token supply within a week following the successful completion of the Token Sale. Users will be able to purchase and sell DRONE tokens directly from the Bancor Wallet or any Web3 wallet at a formulaically calculated price.
Overall, DEEP AERO is a very ambitious project and this is evident from the high caps the team has put in place. With such a high bar, investor money will be refunded if the soft cap is not reached. The team knows what it will take to succeed and the structure of the DRONE token sale proves it.
We see enormous potential for the drone industry, but in order for it to succeed, the drone industry needs DEEP AERO. Of all the projects that we have looked at, DEEP AERO is one of the most disruptive technologies we have seen. For a closer look at DRONE tokens, check out the DEEP AERO website, white paper, and Telegram channel.
Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.
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