Modum is a platform that will use the Ethereum blockchain to provide a supply chain for the pharmacy industry assuring a high level of data integrity, security, independent verification and, flexible data ownership, just to name a few characteristics. In order to achieve this, Modum solutions enables companies to prove compliance with GDP regulations using blockchain and Internet-of-Things (IoT) technology.

The Modum token will give to users voting rights. The token holders could vote to decide either if the pre-defined milestones of the project were achieved or not. Furthermore, users will benefit as Modum shareholders.

Team:

• Malik El Bay: Business & Product Development.
• Sacha Uhlmann: Architecture & Quality Assurance.
• Dr. Stefan Weber: Sensor Engineering & Operations.

Modum held its ICO on the 1st of September, 2017 and ended on the 22nd of September. The ICO token supply represents 60% of the total token supply, so there was a total of 18,000,000 tokens available, for 0,5 USD each during the offering.

Token Reserve Split (40%):

• 30% to Modum;
• 7% Pre-sale;
• 3% Token sale costs & Bug Bounty;

Modum ICO will feature a bounty campaign and a bonus program, and the token will not be mineable.

Bonus Structure:

• 30% 1st Tier Token Sale (6,000,000 MOD);
• 15% 2nd Tier Token Sale (6,000,000 MOD);