Buy FIC Network Whitelist

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This offer is based on information provided solely by the offeror and other publicly available information. The token sale or exchange event is entirely unrelated to ICOholder and ICOholder has no involvement in it (including any technical support or promotion). Token sales listed from persons that ICOholder has no relationship with are shown only to help customers keep track of the activity taking place within the overall token sector. This information is not intended to amount to advice on which you should rely. You must obtain professional or specialist advice or carry out your own due diligence before taking, or refraining from, any action on the basis of the content on our site. Your request has been sent. We will contact you asap. Overall, we like both the flipping and long-term potential of this ICO. Our thoughts on buying the tokens for flipping and investing for the long term are as follows: For flipping: Good. The idea, team and advisors, token metrics, and development progress are all outstanding. We believe the hard cap is very compelling for the idea. For long-term holding: Good. Security token is believed to be (one of) the next big thing coming to crypto. It has the potential to catapult the overall cryptocurrency market size exponentially because basically every asset (stocks, real estate, commodities, bonds, etc.) can be tokenized. However, the market is paying all the attention to the equity side (giving token holders the same rights as equity holders). Tzero, which is backed by Overstock, is in the process of raising $250 million, and Polymath has a market cap of $168 million. Very little (if any) attention is paid to the credit side, even though the credit market is actually bigger than the equity market. FIC Network has been in the works since 2016 – it has been a blockchain company from day 1. It has a first mover advantage with less competition compared to the equity side. Therefore, we believe it has a good chance to succeed. We believe the upside is tremendous and fits well with the overall trend of where cryptocurrency is going. Astronaut Capital, a leading cryptocurrency fund, has become an investor in the private sale token event for FIC Network (eFIC). FIC network is a US-based company which is seeking to create a decentralized securities network that includes an array of different assets including bonds, loans and asset-backed securities. In March, the company will be holding an initial coin offering (ICO), where it will raise up to a maximum cap of $16 million. “Tokenization of credit and debt-related assets is a truly disruptive segment. FIC Network aims to improve upon traditional systems in the fixed income market by integrating blockchain, therefore hoping to reduce costs, operational friction and commercial risk while increasing transparency. If you look at the fundamentals, you would quickly realize how much bigger the opportunity is in the global credit and debt markets. ” says Matt. FIC Network is currently holding their presale round under the token code (eFIC). To accompany the contribution, Astronaut Capital released a full research report explaining its rationale for the investment. The research has been prepared through Picolo Research, an independent analysis firm focused on emerging blockchain companies. Given the nature of the ever-changing legal landscape, we would anticipate that some jurisdictions will be much harder to gain licensing than others.

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  • bonuses for early investors
  • sale of securities
  • decentralized control
  • asymptotic security

We highlight this as a potential risk prohibiting growth”.

More information can be accessed on the Astronaut Capital website. A full overview of the venture and Astronauts participation in FIC Network can also be found here. Astronaut Capital is a research-integrated asset manager focused on early-stage cryptocurrency exposure and initial coin offerings (ICOs). The firm is backed by a leading institutional research house, Picolo Research, and utilizes the expertise of certified financial analysts for investment due diligence. Astronaut is a tradable token under the code ASTRO. More information can be found on the official website FIC Network is an asset-agnostic, multi-currency distributed ledger with rules and applications specific to the fixed income industry. The technology is scalable to the global fixed income and debt markets, which exceed US$230 trillion. The incentive insurance companies traditionally have of withholding payments or making it difficult to submit claims is removed by giving power back to the people and cutting out the middleman. Instead, anyone can buy “tokenized risk” by holding the Etherisc token and earn returns on the risk they are taking. The potential for savings in a model like this is obviously huge in that it can cut the large bureaucracy that characterizes many insurance companies today. These savings could potentially benefit both insurance buyers and token holders. Certain sections of the white paper also suffer from poor English writing and structuring which can make it difficult to understand. In fact, the Etherisc white paper looks more like an academic paper than a typical ICO white paper. In our view, it still has a way to go when it comes to explaining their concept to the general public. We believe the team would benefit from putting all of these together into a single easily understandable white paper. This document should also include essential information about the token and token sale, which is now largely missing. Etherisc is a company registered in Germany that is issuing a token that will be known as DIP on the Ethereum blockchain. When it comes to the token allocation, details are not easy to come by. We were not able to find any information about this on the website or in any of the 3 white papers that are available online. Eventually, we were pointed to a Google Doc by one of the company’s representatives on Telegram. As stated in this document, only 30% of DIP tokens will be available to the public during the token sale. This is a really small share, which in our view challenges the idea behind decentralized platforms. The overall token allocation is presented as follows: The token price for early contributors will be $0.10 + up to 25% bonus with a high minimum investment of 10 ETH. During the main sale, the price will be $0.10 with no minimum investment. Only non-accredited US investors are mentioned as barred from participating in the token sale. When asked about this on Telegram, the Etherisc representative stated that “some other countries might fail the AML check,” without offering further details. The Etherisc team appears to be fairly large with lots of experienced people from a variety of industries. The team is also more senior than many other blockchain projects, which in our view is better than having a team of only young people with no prior work experience. There are three co-founders on the team, each one with his own area of responsibility: All three co-founders have Etherisc listed as their employer on LinkedIn. The team is also spread out geographically with people from lots of different countries. Despite this, we do have some concerns regarding the team’s preparedness for the ICO (or “Token Generating Event” – TGE – as Etherisc calls it). Firstly, the many white papers that are published on the website make it difficult and confusing to find the information investor’s typically look for before investing.

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  • Christoph Mussenbroch, Protocol & Architecture
  • Stephan Karpischek, Ecosystem & Community
  • Renat Khasanshyn, Insurance Products & Revenue

These documents should be merged and rewritten into a single easy-to-understand go-to resource for ICO investors.

Secondly, we are critical of the team’s decision to only make 30% of tokens available to the public through the ICO. Generally, anything less than 50% public ownership of tokens challenges our view of what a “decentralized” platform should be like. All in all, we agree that the insurance industry is a good candidate for disruption. We also like the idea of “tokenization of risk” and letting anyone participate and essentially buy risk in return for a profit. This way, there is a huge potential for savings and cutting down on unnecessary bureaucracy in the insurance sector. However, we believe the team still has some work to do on the promotion and marketing side in order to make this ICO more understandable for the general public. All token sale details also need to be made available in one place, and the team should explain clearly their reasoning behind the token allocation model they have chosen. Overall, we arrive at a score of 4 out of 10 for the Etherisc ICO. More information: Featured image from Pixabay. Disclaimer: The author owns bitcoin, Ethereum and other cryptocurrencies. He holds investment positions in the coins, but does not engage in short-term trading. The author has no investment in Etherisc at the time of writing. FIC Network is an end-to-end decentralized fixed income securities network that enables the listing, exchange, and securitization of fixed income financial instruments. FIC Network is an asset-agnostic, multi-currency distributed ledger primarily focused towards institutions using traditional currencies and adapting to cryptocurrency markets. Crypto hedge funds and traditional asset managers will greatly benefit from cost savings and expanded market opportunities. ICO ADVISOR | CONSULTING | EXCHANGES ListingRated on Apr 30, 2018 13%weight This rating’s weight is reduced by 50% as there is no review added. BlockChain StrategistRated on May 6, 2018 11%weight This rating’s weight is reduced by 50% as there is no review added. ICO Advisor | ICO Analyst | Blockchain ResearcherRated on Mar 12, 2018 19%weight The concept of putting financial instruments such as bonds is a strong one. They have a good team of advisors, however the risk is that the core team is unproven. 1 person agree 57%weight Experts are independently and voluntarily contributing to the community. If no expert has rated the ICO, only ICO analyzer’s results are used. Always research before investing as these ratings should not be taken as an investing guide of any kind.Ratings and ICO analyzer results are being updated (re-calculated) every few hours. Download the report at the top of the page free. The technology is scalable to the global fixed income and debt markets, which exceed US$230 trillion the front page of the internet. and subscribe to one of thousands of communities. What if I told you there is a company that is up and running, has alpha version of product and more importantly found quite profitable niche? Let’s not jump into any premature conclusions and take a deep dive into FIC network ICO. FIC introduces something that has been so far missing in crypto environment and that is possibility to issue and invest in fixed income assets with crypto. According to Crunchbase Factury Inc. raised 20K $ as a seed investment from Starupbootcamp Fintech NYC. This is a good sign and shows that start-up accelerators see the FIC’s potential. According to whitepaper FIC describe itself as blockchain-based, end-to-end, decentralized fixed income assets network that enables the listing, exchange, securitization, and redemption of fixed income financial instruments. FIC Network uses an adapted clone of Stellar1 protocol for its distributed ledger. The network will be primarily meant for financial institutions however later on individual investor will be able to use it as well.

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FIC plans to include several fixed income financial instruments such as futures, bonds, loans, loan syndication, credit default swaps and collateralized loan obligation.

Moving fixed income financial instrument on blockchain brings several benefits: P2P nature, immutability, speed, transparency, lower cost, security and decentralization of consensus. Roadmap describes significant milestones accomplished during previous 2 years and future plans. Just to pick few that we find the most important from the past. First support of BoostVC, Bialla Venture Partners and Startupbootcamp NYC is great sign. Second financial instruments were already published on testnet in August 2017 and shortly after in September 2017 aApp for beta testing was launched. FIC has quite ambitious future plans and we find this plan a bit unrealistic taking into account several factors. First FIC plans to set up legal framework in Q2 2018. This won’t be easy task to tackle and can slowdown all project efforts tremendously. Team claims to have a legal roadmap they will follow in order to comply with strict regulation. We believe that since pre-sale is ongoing this legal roadmap as well as specific plan of action should have already been made public. What is also alarming is that according to FIC’c whitepaper team is not completed yet. And we don’t mean some minor positions we are talking about: chairman of the board, CTO, CFO and more. According to founder and CEO, FIC is currently concentrating on token sale and afterwards will reach out to VC investors and community to find suitable talents for the team. Unfortunately in the light of above mentioned concerns it is hard to believe that the timeline is achievable. During the private, pre and public sale you will be buying eFIC which is only preliminary token that will converted to FIC token later on. FIC token will be native crypto currency on the FIC blockchain. FIC token will serve several purposes: ⦁ Utility value: to perform any actions on the platform you will need the token. Of actions bidding on ECFs, publishing financial instruments, staking, fees and more. ⦁ Technical: limits the number of financial instruments that can simultaneously be kept on a chain ⦁ Cryptocurrency: similar to Stellar or Ripple Crucial dates Currently ongoing: Pre-sale in March 19st: Whitelist for public sale opens April 16: Public sale (if hard cap is not reached during pre-sale) Concerns: Firstly, the team plans to set up legal framework in second quarter 2018. This is easier said than done and if the team fails to meet the regulatory requirements the whole project will end before it starts. Secondly, no roadmap – projects tend to miss the deadlines – but no roadmap at all is a whole new level. Lastly, team is not completed yet. And we don’t mean some minor positions – we are talking about: CTO, CFO, chairman of the board and more. Short-term: Project is not very hyped-up yet with 3524 telegram subscribers and site rank of 787,888. Token metric is good but nothing to die for. With hard cap of 16 million $ which represents 50% of total token supply the full price for one token is 0.1$. FIC offers significant bonuses up to 60% with additional optional lock-up bonuses.

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In the market we are currently at it is very hard to say whether the flip will be profitable.

Long-term: This project has it all: solid team, some of the all-star advisors, alpha and test net and profitable niche. There is a huge potential no doubt about that. On the other hand complicated legal procedures may halt progress of the project and therefore decrease its potential. Moreover with team that is yet to form they might bit of more than they could chew. None of the content published on icohunch constitutes a recommendation that any particular cryptocurrency (or cryptocurrency token/asset/index), portfolio of cryptocurrencies , transaction or investment strategy is suitable for any specific person. You’ll be kept up-to-date with our progress regarding ICO’s site updates and lots of other goodies. (we promise we won’t send out spam or share your e-mail address with anyone else) Name: Hard Cap: $16,000,000 Presale Date: ongoing until 13-Apr-2018 Presale Price: 1 eFIC = $0.10 Presale Bonus: 60% bonus over ICO price (Private Presale) ICO Date: 16-Apr-2018 until 04-May-2018 ICO Price: 1 eFIC = $0.10 Whitelist: Open registration for Crowdsale. Token distribution date: 30 days following the end of the crowdsale. Social Interest (12-Mar-2018): Bitcointalk: 2 • FIC Network is a blockchain-based, end-to-end, decentralised fixed-income assets network that enables the listing, exchange, securitisation, and redemption of fixed income financial instruments. It will allow companies to raise funding by issuing bonds denominated in crypto or fiat. • It also represents an asset-agnostic, multi-currency distributed ledger with rules and applications specific to the fixed income industry. • The current industry costs associated with Loan securitisation can reach 5% of the costs, and with FIC Network those costs will be 0.0001% per $500 M securitization. • The eFIC token is a preliminary token on Ethereum blockchain with a fixed supply, and it is used to publish financial instruments. It will be convertible to FIC tokens which are the native cryptocurrency of the production-level FIC blockchain. • Alpha version of the platform can be downloaded from their official site, and launch of the main version is scheduled for this year. • FIC Network scored 74.03% in our BlackDragon ICO Ratings spreadsheet. This grade will improve further with the growth of their community (tracked by Telegram members and Twitter followers), which is currently relatively small. • Demo version of the App is available. It can be downloaded from their official website, and it looks excellent. • The team consists of a mix of entrepreneurs and finance executives. A third member, also a network architecture specialist at FIC Network, has run some of the projects in the companies such as PwC and Microsoft. A total of five advisors are involved in the project. Furthermore, the team also demonstrated the ability to attract big investors such as Boost VC (leading accelerator in blockchain/crypto; investments include Coinbase, Etherscan, etc. ), Bialla Venture Partners (VC firm), and Startupbootcamp Fintech NYC, which is one of the leading Fintech accelerator. • Very little attention is paid to the credit market in cryptocurrency space, which opens many opportunities for FIC Network.

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The main network should be released in Q2 of this year which is another good indicator for a flipping.

Of course, this is dependent on the direction the general crypto market will have once eFIC tokens are listed. FIC Network’s team has been working together since 2016 – it has been a blockchain company from day one. FIC (eFIC) is a decentralized network is intended for financial institutions, banks, credit companies, fixed income funds. The network allows for listing, exchange, liquidity, redemption, buy / sell loans, asset-backed securities (ABS), syndicated loans, credit default swaps (CDS), futures, options using fixed income financial instruments. The platform is an advantage for users with securities as it is an accounting book with rules and applications. eFIC is a token that will be converted into a FIC token on your own project blockbuster, based on the Stellar protocol. Features of the platform: