Hello LaneAxis Shareholders and Supporters,
No foolin’ – LaneAxis reached the $1 million mark in its StartEngine Crowdfund raise in just 16 days. Last year it took just shy of 3 months to reach our fundraising cap of $1.07 million (which has since been raised to $5 million). Our first campaign in 2020 – which closed out early with hundreds left on the waitlist - was considered a big success.
That fact only magnifies the momentum we are currently experiencing.
LaneAxis CEO and Founder Rick Burnett reflected on the journey LaneAxis has experienced the past year:
“Last year we launched our fundraising campaign just as the global pandemic enveloped the globe,” says Burnett “At the time, we anticipated a challenging road ahead given the circumstances. But as it turned out, the circumstances that unfolded - particularly the run on staples such as toilet paper and cleaning products – exposed major fractures and flaws in freight transportation. The LaneAxis Direct Freight Network emerged as a game-changing solution that could dramatically help mitigate such supply chain crises. As public awareness of the LaneAxis solution grew, our momentum began to take on a life of its own – and a year later that momentum continues at full speed.”
You can read more about LaneAxis reaching the $1 million mark in our latest press release.
While $1 million is certainly a nice round number – it is ultimately just a one-time milestone on our way to $5 million. So we’re only 20-percent of the way there. The LaneAxis Team remains focused and hard at work.
System & Platform Updates
Carriers continue to flock to the platform. We on-boarded over 1,000 new carriers in March. We anticipate activating one to two thousand new carriers in April. Our SMS text campaign has proven exceptionally effective. We continue to gain steam with Shippers, with several dozen now on board. As we often explain, rapid expansion of the carrier network is critical to achieving our growth goals – and is a key factor in getting shippers on board. We believe our current growth trajectory will result in a “network effect” - where both carriers and shippers look at the size and scope of the platform and its participants, and realize the value is too high to ignore and they jump in headlong.
Our software engineers and designers have been hard at work optimizing and improving the core LaneAxis platform. Here's a look at some of the updates:
Updated login & Registration Screens: New look and feel to improve the registration and signup process. It now takes only 3 steps to register as a carrier/shipper.
Portal Login & Registration
Mobile Login and Registration
Updated Network Screens: We are providing a predefined list of carriers/shippers that a user would connect with based on location, equipment type and industry. We've enhanced the Network Search user experience with easy to use functionality.
Carrier Network Page: Portal
Carrier Network Page: Mobile
Shipper Network Page: Portal
Shipper Network Page: Mobile
Updated Profile Screens: Improved the profile screens for shippers and carriers by strategically assembling the information. A more modern feel on the profile that can compete with any other social media platform.
Shipper Profile Screen
Carrier Profile Screen
We have also updated the design for Automated Contract generation using e-signature to confirm a successful Network Connection between Carrier and Shipper.
Blockchain & AXIS Token
Implementation of the Blockchain and AXIS Token into the platform is proving to be a key driving force behind our successful equity raise.
We will be rolling out a “stablecoin” function within the platform that will insulate the core network platform from any fluctuations in the cryptocurrency markets. The stablecoin will be pegged to the U.S. dollar – ensuring seamless and consistent payments and payouts for the system’s core users. Below is brief description of the stablecoin functionality:
Stablecoin functionality and flow
The AXIS Token remains the primary mechanism for API access into the LaneAxis blockchain, as well as the primary payment tool to obtain shipment and industry data, as well as to unlock and access numerous features and perks within the overall blockchain ecosystem.
As always, we thank you for your support and encourage you to share our campaign page link with your friends, family and professional contacts.
Our current Time-Locked Bonus of 20% bonus shares ends soon!