PRIME - the world's first payment ecosystem for shipping

Hello Everyone, I will introduce the project about Prime Shipping Foundation. If you want to join the Prime Shipping Foundation project, let's look at the following discussion:

[About Prime Shipping Foundation]

Introducing Prime Shipping Foundation (PSF) — the world’s first payment ecosystem for shipping, residing 100% in the Blockchain. An online payment system, crypto

bank and exchange for business customers, small and big corporations, partici-pating in the marine shipping market.

PSF aims to simplify and make transparent any payments between all the shipping market participants. PSF has developed the PRIME token – the key to rapid and low costed transactions for freight payment and bunkering services.

By utilising the PSF’s ecosystem, freight market participants such as shipowners, charterers, freight operators, brokers, agents and bunker suppliers can increase the efficiency of their operations while simultaneously cutting operating expenditures by substantial margins.

The PRIME token solves the problems of the shipping industry, revolutionising the way the world moves goods. This document describes PSF’s ecosystem and the PRIME token which have been developed to form a transparent, fast and cheap sea freight market, ultimately making the cheaper price of goods for consumers.

[Shipping Advantages]

High load capacity
Lower cost than other usage of containers modes of transport
Practical absence of restrictions on cargo dimensions / capacity
Single legal field
Unified standards
High security

[How it works now]

Shipping freight can be done by air, sea, rail or truck transportation. Whatever the mode of transportation used, there are multiple entities that will interact with the freight, and several steps taken before the shipment arrives:

SHIPPERS — are the customers that have the cargo and want to transport it. They want easy logistics, accountability for their freight and a predictable price.

BROKERS — are the “facilitators” of the freight deal. They facilitate the freight deal, coordinate with parties involved, and provide minimal tracking services. They get paid by the shippers and often ask a high mark-up fee (middle-man).

CARRIERS — own the freight transport service (air, sea, truck, etc). This portion of the supply chain often requires multiple legs with different carriers. Records are transferred many times between each carrier and in some cases
transcribed, leading to inconsistent information throughout the supply chain. This leads to a lack of transparency which is rare in the industry, because the freight changes hands many times.

[Problem]

While the shipping industry has proven to be a pioneer of longevity, it has struggled to adapt to the rapidly advancing modern world. Among participants of the industry, there is a running joke: “The most powerful invention to improve this area of logistics was the telegraph.”

However, all good jokes contain some truth. The reality is that nothing fundamentally new in technology has been properly introduced to the sea transportation business since “e-mail”.

[Advantages of PSF’s ecosystem]

Instant conversion of tokens with the USD/EUR and other currencies to simplify the calculations between beneficiaries and in operational objectives within the companies themselves.
Blockchain technology allows you to track the entire chain of origin and passage of money, which greatly facilitates the process compliance.
Smart-Contract usage in the conclusion of transactions garants a high level of security.
Instant payments, regardless of the jurisdiction of the company participating in the transaction.
First online crypto-bank tailored for marine shipping business.
Intuitive online/mobile banking client.

[Our vision]

PSF’s ecosystem is a revolution in the shipping industry with simplifying transactions between market participants and solving the number of weaknesses of marine logistic, payments and legal operations.

Transparency & tracking
Instant conversion & payment
Smart-contract security

[Technology & implementation]

PSF provides software solutions which will implement new standards for the marine transportation market. Once the testing moves to implementation stage, PSF will seek to deploy their services across many shipping companies establishing a floating trade ecosystem supported by the PRIME token.

Prime Payment System
Next-generation processing service for settling instant transactions based on blockchain. Prime Payment service uses the same name as the currency token PRIME, created on the basis of the Ethereum ERC20 standard.

Prime Crypto Bank
Prime Crypto Bank will be free to open accounts for entrepreneurs of PRIME token. The bank will also work with the EUR / USD, so organizations can conduct business using the fiat settlements (settlement and cash services) only within one bank.

Prime Exchange
Developed for the exchange of USD, EUR, BTC, ETH into PRIME and back. Other popular fiat currency and cryptocurrency pairs will be implemented in the future.

Prime Shipping Platform
Matching engine to pair "cargo and carrier" and applying the mechanism of smart contracts for processing escrow in a distributed registry. Each smart contract will store the characteristics of the transaction: the number of PRIME tokens, destination, origin, type of cargo, tonnage, date of shipment.

Prime Investment Fund
For investors interested in a passive income with minimal risk, and for storing raised during ICO fiat funds is planned to create an automated hedge fund.

[Whole PSF ecosystem:]

[The PRIME token]

The PRIME token uses Ethereum ERC 20 protocol. PRIME token will be used as the primary and the only currency for payment via Prime Payment system. The system will use the Ethereum network. Prime Freight Platform will implement smart contracts and storage of transaction history through our own fork of the Ethereum Blockchain.

Prime Crypto Bank will provide accounts for PRIME token to all interested organisa-tions. As the main users of the PRIME token – legal entities conducting activities in the

field of shipping, they need the bank to carry out lawful operations. Prime Investment Fund will ensure the safety of funds from investors in TGE and store assets in PRIME tokens.

[Token distribution]

In total, during preTGE/TGE maximum 6 000 000 000 PRIME tokens will be issued. No further token emissions will be possible. A maximum of 150 000 000 USD will be raised through this fundraising.

51% of total emitted tokens will be holded by founders team (maximum 3 060 000 PRIMEs)
35% of total emitted tokens will be sold (maximum 2 100 000 000 PRIMEs)
11,5% of total emitted tokens (maximum 690 000 000 PRIMEs) will be transferred to the PSF Reserve Fund.
2,5% of total emitted tokens (maximum 150 000 000 PRIMEs) will go to the advi- sors, participants of Bounty programs and promotion agents.

[Token generation event]

2,100,000,000 PRIME tokens can be sold for $150,000,000 in total