payfrit-logo
Company: Payfrit
Industry: Payments / Dining
Website: http://www.payfrit.com/
Whitepaper http://ico.payfrit.com/icowp/white-paper/
Headquarters: United States
Token: PYT
Platform: Ethereum
ICO Timeframe: 12/11/17 – 05/15/18 (PreSale & ICO)
Token Supply: 21,000,000 PYT (67% Crowdsale)
 Score:  49/100

 

Payfrit RMS (Restaurant Management System) is a revolutionary new model for the restaurant, food and beverage, and hospitality industries.  Payfrit will provide a single unified framework that allows restaurant and hospitality businesses to seamlessly provide service to their customers regardless of the setting: dine-in, scheduled dine-in, takeout, drive through, and delivery, all united in one ubiquitous mobile app.  More importantly, full control of these functions and processes is now in the hands of the restaurant owner instead of a third party.

 

PROS:  The mobile app currently available through Google Play and App Store, breadth of services offered, addresses multiple segments of dining / restaurant industry (take-out, dining-in, wait times, turnover, payment), similar software offerings have been successful in different venues (airports, high-traffic dining areas).

 

CONS:  Apps for takeout have been popular for quite sometime but it remains to be seen whether the same adoptability / popularity will translate to the dining-in experience, extended time period for ICO indicates company may not be confident of funding and creates little immediacy regarding sale / purchase of tokens, relatively sparse whitepaper with no information on advisory board or management team.

 

SCORE:  49/100