Frequently Asked Questions
Dorado’s vision is to go beyond the food delivery, to deliver “anything customer wants”, to become an “uber” for all the last-mile deliveries, leveraging existing teams know-how, platforms core technology, user base, and using latest innovations like drones, robots and artificial intelligence to scale globally.
In order to fund the development of the DORADO ecosystem, tokens will be sold to the public in exchange of cryptocurrencies payment. The DOR token is a coin, which will allow the User to access to DORADO platform, to order food or getting discount for ordering food. Through the Token Sale, the User acquires the contractual rights to use the DORADO platform.
The access to the DORADO platform requires the use of the DOR Token as mean of payment of the transaction fee.
Dorado has an high growth profitable business model, which can be viewed as a mix between Uber (commission fee) and Google (listing and advertising services). There are 5 main revenue streams:
- Commission fee
Dorado charges 20-30% commission fee on orders from for delivery from the business which gets the order. For example, if a family orders a dinner for 30 USD, the restaurant makes the food and we deliver it. The restaurant gets to keep 70% of the total bill and we take 30% (10 USD); therefore, both parties profit.
- Delivery fee from customer
Depending on the market, we charge customers a 2 to 5 USD delivery fee. This is low enough to still encourage people to order but also guarantees an additional revenue stream for us.
- Listing fees (Similar to Google Search Adwords)
Just like Google Search Adwords, Dorado charges businesses to have their business listed higher on the results page that the customer sees when they search for delivery options.
For example, If a pharmacy store wants to be seen more often and thus receive more orders, they can achieve this by listing higher in our platform, thus by paying an extra fee for us.
- Premium advertising services.
For an extra fee, we offer additional promotion through our marketing channels. Businesses can achieve higher exposure by choosing one or more of the mediums we offer, such as promotion emails, social media posts, banner ads and more.
- 3rd party ad services
Foodout gets added revenue from additional 3rd party ad services like Google AdSense.
Because we believe that it is the most efficient way to grow and to create a community around our product globally.
There will be three parties that will use tokens on the platform: 1) Businesses 2) Couriers 3) Clients. Each party will need to buy Dorado tokens (DOR) for the use of multiple utilities and benefits.
Main benefits for the token are:
- DOR token as a discount ticket on the Dorado Platform.
- Dorado will provide businesses with perks that are only accessible with the use of DOR. These featured functions will include Google-like listings. Businesses pay in tokens to be listed higher on the platform.
- Refer-a-friend program, rewarding Introducers to Dorado platform with DOR tokens.
- Monthly “Dorado Prime” Program, which will give additional benefits and perks that will only be available for purchase in DOR tokens. (Equivelent to Amazon Prime program. )
Yes. As a further show of transparency and long-term commitment, we will lock up the tokens held by Foodout Group founders and team. The token lock period is 3 years. During the lock up period, no one can sell or buy these tokens.
Due to the growing trend of ICOs that seem to have only been a tool for the founders to put some more cash in their pockets, we have decided that this is a crucial gesture of serious commitment to the project. We know that we are committed, but this seems like the most straightforward way to prove it to our investors as well.
We have clear plans and teams ready to expand to new countries.
Dorado is incorporated in Switzerland.
- Strong team which does not worry to lock their tokens as they are here to deliver;
- Future technologies: AI, Robotics, Blockchain to help rapid expansion;