ICO listing: Hagglin rating

Hagglin is the world’s ­first peer-to-peer marketplace combined with a peer-to-peer logistics system, delivered using blockchain technology. There are many marketplaces where individuals can buy and sell goods and services, but the delivery logistics are typically left to more traditional means like postal services, UPS or FedEx. Likewise, many peer-to-peer logistics systems have sprung up in recent years that enable transportation of goods while circumventing traditional delivery services at a far lower cost. However, these marketplaces and systems are all fragmented, and there has yet to be a single platform that combines them in a way that is open and transparent. Hagglin seeks to be that platform.

Hagglin is building a community where anyone can buy, sell or barter anything, anywhere, at any time, and then have those products and services delivered using members of the community. This white paper describes the platform, how it will work, our ICO, and how we intend to build and launch it.

Hagglin users will be able to exchange physical goods with each other, but there will be some circumstances where users may not be able to achieve a perfectly fair trade. Or there may be scenarios where users will be trading a service, such as delivering a physical good to another user. Because the value of these services will vary based on a variety of factors, the Hagglin platform will introduce Ribbits, a decentralized token built on the Ethereum blockchain that can be used to exchange an object or service.

Through our ICO, we will create exactly one (1) Billion Ribbits and o‑er them at 2,000 Ribbits per one (1) Ether. We will be selling approximately 40 percent of all Ribbits, but unlike other ICOs, we will maintain 30 percent in escrow which will be used to fund our Ribbit’s loyalty program. A complete breakdown of how our ICO will function can be found in our ICO section.