Fic Network

Fic Network

Bonds, Futures on Blockchain

Average rating : MEDIUM

Bonds on Blockchain. Issue and Invest in Fixed Income Assets with Crypto.

Private-sale: NO INFO
Pre-sale: 15 Apr - 15 May ENDED 6,000 / 6,000 ETH raised
Crowd-sale: TBA - NOT STARTED

Raised: 10,000 of 33,500ETH ( 30%)

token metrics
Ticker: EFIC Available for token sale: 50
Token type: Private-sale/pre-sale token price: /
Accepts: ETH Private-sale/pre-sale bonus: 60 / 30
Prototype: Pre-sale min/max personal cap: 10ETH /
Team: 17 persons Crowd-sale token price:
Team residence: Crowd-sale min/max personal cap: NO /
Company residence: Cant participate:

experts opinionopen all

I'm gonna have to respectfully pass on this, because I'm not personally sold on a team, this is just my subjective opinion. I'd rather wait for Exchanges.

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Picolo Research is attracted to FIC Network and believes that it is working towards disrupting one of the largest opportunities in the financial ecosystem.

For the reasons listed below, we believe in taking speculative long-term exposure to FIC Network:

• The deal-structure is compelling with a small hard-cap and tight allocation

• Market opportunity is significant, even if FIC Network are only able to secure a small number of major jurisdictions • The company have been in operation since 2014, showing a large amount of commitment and prior success in gaining the support of several accelerators and venture capital firms

• While we don’t usually place a substantial amount of importance on company advisors, we believe that FIC network are supported by some leading personnel

While we are attracted to FIC Network and its ambitions, we do acknowledge the regulatory hurdles it may face. Given the nature of the ever-changing legal landscape, we would anticipate that some jurisdictions will be much harder to gain licensing than others. We highlight this as a potential risk prohibiting growth. 

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Our thoughts on buying the tokens for flipping and investing for the long term are as follows:

For flipping: B

The idea, team and advisors, token metrics, and development progress are all outstanding. However, given the market condition, we are not as bullish on the short-term prospect.

The bonus amount is up to 60% which looks high in the first glance, but (1) it is only for less than 20% of the hard cap, and (2) public presale has 30% bonus, which effectively nets out the private presale bonus to 23%.

For long-term holding: A

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.

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27-Apr. Andrey: I want to register, for now, closer to the token sale I will decide whether to invest or not depending on the market conditions.

Alexey: Personally, I don`t like the project and probably will not participate.

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