A product that has sensors that track the environmental conditions for products shipped for the medical industry. Per their video there is certain standards now for shipping conditions and the standards are not being met and they want to fix this ( Good Distribution Practice of Medicinal Products for Human Use (GDP 2013/C 343/01), this is an EU mandate.
The app they are building will supply the clients with data showing handling conditions, as well as temperature etc.
From their Page:
MODUM TOKEN SALE
Token Sale start date: September 1st
Token Sale end date: September 22nd
Token Type: Ethereum ERC20
Price: 1 USD = 1 MOD
Benefits: Voting & profit participation rights
Purchase methods accepted: BTC / ETH / IOTA
Total token supply: 30 million (30,000,000) MOD
Max. 20.1 million will be offered in a crowdsale:
2.1 million (7%) are offered in a pre-sale with a 50% discount.
18 million (60%) will be offered in public sale
6 million with a 30% discount
6 million with a 15% discount
6 million with 0% discount
Oversubscriptions of a bonus tier get allocated to the following tier.
9.9 million (33%) will be locked in a smart contract and released upon public voting:
0.9 million to cover the token sale expenditures and the bug bounty program.
9 million will be released over the next three years to retain profit sharing rights to modum.io AG.