fic-network-ico-review
Company: Factury / FIC Network
Industry: Loan Verification / Trading Platform
Website: https://factury.co/home
Whitepaper https://drive.google.com/file/d/0ByzKCCWTHkioZzRhTThXSi0zcWM/view?usp=sharing
Headquarters: United States
Token: eFIC
Platform: Ethereum
ICO Timeframe: 01/18/18 – 05/15/18 (PreSale & ICO)
Token Supply: 633,000,000 eFIT (50% Crowdsale)
 Score:  64/100

 

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. Participants will be able to issue and trade Asset backed securities, Credit, Corporate Bonds, Collateralized Debt Obligations, Credit default swaps, Futures and Options.

 

PROS: Identified in-house blockchain developer, addresses the need to integrate blockchain technology with current financial systems of which, fixed income is one of the largest opportunity sets, platform will minimize or eliminate cost for loan data verification, asset transfer and repeated due diligence (significant value proposition), multiple technical whitepapers published.

 

CONS: Presale bonuses of up to 60% are an extremely deep discount and could encourage pump & dump trading once the tokens are listed on exchange, low social media activity to date, ambitious endeavor given regulatory and integration hurdles with existing financial markets and companies if project is to be a success.

 

SCORE:  64/100