We look forward to significantly boosting utilization rates in small independent machine shops and enhancing cost savings for industrial buyers large and small.
San Francisco, California November 15, 2017
SyncFab Co., a leading business-to-business procurement and supply chain management platform for precision parts production, announced the Pre-Sale (“PreSale”) of the ERC20 Ethereum MFG utility tokens in partnership with Smart MFG Tech Ltd (“Company”).
With minimum purchase of 500 ETH per participant, the Industrial Revolutionary Pre-Sale is the first-of-its-kind for manufacturing industry participants and supporters. Qualified hardware innovators will receive an exclusive 50% Pre-Sale bonus with no minimum threshold until the subscription is full.
The Company reserves the right to end sales when allocation is exhausted or when it deems appropriate. Buyers should read the whitepaper and token sale terms and conditions before making any purchases. For more info on the MFG token sale, please visit https://tokensale.syncfab.com/
Founder and CEO of SyncFab, Jeremy Goodwin, commented, “Since the announcement of our plan to implement digital tokens to incentivize working class manufacturers, we have received overwhelming support from industry professionals. Upon initiation, the procurement teams in manufacturing companies in our network will be able to source, track and manage precision parts production more efficiently utilizing the token to incentivize a growing network of CNC machine shops. After four years development online and on the ground, we are excited to see our brainchild is coming to life as our secure platform will broker many procurement transactions in a faster and more secure procedure online facilitating data collection and smart contract execution. We look forward to significantly boosting utilization rates in small independent machine shops and enhancing cost savings for industrial buyers large and small.”
Founded in 2013 and now headquartered in Silicon Valley, SyncFab is an active provider of best-in-class low-cost precision parts production solutions to supply chain buyers and domestic manufacturers. The company is revolutionizing the manufacturing industry with blockchain to incentivize the blue collar working class for time they’re currently not compensated for while improving responsiveness for small and medium-sized hardware buyers. The platform matches industrial parts purchasers with a growing network of machine shops and advanced manufacturing facilities mapped by who is local and who is clean – an ISO 50001 US DOE certification for efficient energy management. SyncFab’s state-of-the-art B2B ecosystem enables sustainable local advanced manufacturing economy by allowing buyers to procure, manage, and track parts production online. The ecosystem makes local production more desirable and profitable and makes procurement bidding processes more transparent through the power of the Internet, blockchain, and online payment. SyncFab collaborates with federal and municipal government initiatives in public-private partnerships to advance civic innovation and economic development. For more information on SyncFab, please visit https://syncfab.com; for information on the Token, visit https://blockchain.syncfab.com.
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