“With the launch of the MFG token, we want to incentivize working class manufacturers where they’re currently uncompensated, even taken for granted. We are also thrilled to have two new Advisory Board members – Mike Jones and Gil Penchina – help us reach our goals.”
SAN FRANCISCO (PRWEB) October 17, 2017
SyncFab Co., a leading business-to-business procurement and supply chain management platform for precision parts production, announced that it will be launching presale registration for its MFG Token Sale beginning October 18, leading to Pre-Sale tentatively scheduled to begin November 15th. Mike Jones, CEO of Science Inc., and Gil Penchina, Partner at Ridge Ventures, have joined the Advisory Board in a show of support.
SyncFab is launching a Utility Token Sale (Token Sale) campaign for an ERC20 Ethereum MFG token to incentivize working class manufacturers. SyncFab recently announced the launch of its redesigned state-of-the-art procurement platform, featuring mobile access, optimized page load time, robust search function, more streamlined order flow, digital inspection report, and online payment. Using the forthcoming utility token on SyncFab’s existing platform, supply-chain purchase managers, CNC machine shops, and third-party product and hardware design firms will be able to more conveniently source domestic precision parts manufacturing. Following the Token Sale, the company plans to further develop and implement blockchain technology better improving operational efficiencies with increasingly secure transactions using smart contracts on the company’s fast-growing network. Token Pre-Sale registration begins Oct. 18 for the much anticipated Presale Event on Nov. 15.
Mike Jones joined the company advisory board in support of the company’s mission and plans. Jones builds and invests in innovative online and mobile businesses. He spent his career growing businesses ranging from early stage start-ups to private equity-backed assets and public media companies. Jones founded, advised, and invested numerous businesses returning $2.5 billion in successful outcomes, including application platform Userplane (acquired by AOL), Tsavo Media, Movoxx, PeopleMedia, and Brizzly. He currently is the co-founder and CEO of Science Inc., which grows and funds businesses that change the way people discover and buy brands (Dollar Shave Club), reshape how content is created and shared (Wishbone), and create economic efficiencies through marketplaces (Famebit, DogVacay).
In addition to Jones, SyncFab also added Gil Penchina to its Advisory Board. Penchina is an industry leader and was an angel investor in the first online payment and crypto currency startup, PayPal, in 1999. He is a frequent media contributor on blockchain and a Partner at Ridge Ventures. Penchina has been an active angel investor in over 300 companies. Both Jones and Penchina bring decades of business building, best practices, and invaluable advice to SyncFab’s Advisory Board.
“With the launch of the MFG token, we want to incentivize working class manufacturers where they’re currently uncompensated, even taken for granted, at the same time achieving more responsive quotes for small and medium size buyers to make economies-of-scale parts manufacturing more accessible and affordable to a wider audience,” noted Jeremy Goodwin, Founder and CEO of SyncFab. “We are also thrilled to have two new Advisory Board members – Mike Jones and Gil Penchina – help us reach our goals.”
Founded in 2013 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 Sale visit https://blockchain.syncfab.com.