flying-monkey-ico-review
Company: Flying Money
Industry: Financial
Website: https://www.flyingmoney.io/
Whitepaper https://www.flyingmoney.io/whitepaper/Flying-Money-Whitepaper.pdf
Headquarters: Hong Kong
Token: FML
Platform: Etherum
ICO Timeframe: 01/31/18 – 03/29/18 (PreSale & ICO)
Token Supply: 65,000,000 FML (72% Crowdsale)
 Score:  51/100

 

Flying Money provides currencies, equities, commodities and other financial assets and instruments as standard ERC-20 tokens on the Ethereum blockchain. Their digital tokens will be traded on global digital exchanges and backed 100% by an equivalent asset, held in an independent trust to protect customers and audited by one of the world’s leading accounting firms.

 

PROS:  Will allow crypto-investors to tap other financial assets as investments which is in relatively high demand given the inherent volatility within cryptocurrency trading, senior management has a strong background in payments, banking, blockchain and IT, company and accounts will be audited monthly in order to assure transparency and increase trust,

 

CONS:  Deep discount being offered of 50% on tokens could lead to “pump and dump” trading in the short term once tokens are listed on exchange, large gap between soft and hardcap could lead to misallocation of funds depending on popularity of ICO ($5mm – $35mm), relatively sparse whitepaper that lack in-depth technical data, white paper is void of information on token sale (merely industry overview and business plan), C-suite executives with no support staff, indicates that project will most likely either be outsourced or is extremely early on in development, roadmap is very high level with no granular detail related to milestones.

 

SCORE:  51/100