FIC Network 3/5 (1)

FIC Network

fixed income assets network
FIC Network is an end-to-end decentralized fixed income securities network for crypto economy that enables the listing, exchange, and securitization of fixed income financial instruments denominated in crypto or fiat currencies thus merging both markets.


3.0

HypeSecurityTeamVision
1.03.05.03.0




TokeneFIC
Price in ICO1 eFIC = 0.1 USD
CountryUnited States
preICO start18 Jan 2018
preICO end15 May 2018
ICO startTBD
ICO endTBD


  • ABOUT
  • TEAM
  • MILESTONE
  • FINANCIAL
  • SECURITY
  • MEDIA

Crypto tokens and currencies are operating as currencies or stocks, but there is no real fixed-income offering. As the crypto markets mature, earning interest on your assets and paying interest to borrow assets will become the largest financial market in the world.

FIC Network is an end-to-end decentralized fixed income securities network for crypto and traditional asset managers that enables the listing, exchange, and securitization of fixed income financial instruments denominated in crypto or fiat currencies. Instruments include: based Asset backed securities, Credit, Corporate Bonds, Credit default swaps, Future Options.

FIC Network is based on a proprietary blockchain. For this reason, following market standards, we have chosen to use a preliminary ERC20 token issued on the Ethereum blockchain, called eFIC.

Financial markets are in the midst of a revolution, with the traditional trust mechanisms built around centralized third parties being replaced by distributed ledger protocols. Entire financial ecosystems are emerging on distributed ledgers and the technologies built around them.

Cryptocurrency and the token market are rapidly growing, with a market capitalization now over $160 billion. Factury Inc. introduces a blockchain-based fixed income securities model that reduces costs, operational friction, and risks while improving auditability and transparency for the industry.

With the introduction of the instant settlement, investors will be able to allocate their capital more efficiently and with higher velocity.

The network will cover every financial instrument in the fixed income space, starting with consumer and business loans, followed by bonds, structured products, and other financial instruments. FIC Network will accommodate any type of currency, including cryptocurrencies, and financial instrument. The FIC Network token is a utility token to be used as a service fee, but also prevents network spam and denial of service attacks.

Team

TEAM
Arturs Ivanovs
Founder/CEO
Alvar Soosaa
Co-founder/COO
Aigars Staks
Co-founder & Senior Fic Network Architecture Advisor
Kalvis Kalnins
Co-founder, Software Developer
Anatoly Ressin
Temporary Head of Technology
Agnese Kerubina
Chief Scientist & Product Support Manager
Peteris Ratnieks
Backend & Blockchain Developer
ADVISOR

Milestones


  • Pre-token eFIC on Ethereum network

  • Setting up a legal framework for the operation of FIC network
    Tests with Network Participants on Testnet
    Enabling the exchange of eFIC to FIC

  • Launch of FIC Network for loan trading

  • Cryptocurrency implementation
    Implementing the ability to trade single ECF separately
    Listing and trading of corporate bonds

  • Listing and trading of other financial instruments

Financial

Token
PlatformEthereum
Price in ICO1 eFIC = 0.1 USD
Investment Info
AcceptingETH, BTC, BCH, LTC, XLM
Tokens Distribution50% - ICO Participants
30% - Reserves (locked)
20% - Team (locked)
Soft cap4,000,000 USD
Hard cap16,000,000 USD

Security

Legal entity

Factury, Inc. is registered in Delaware:

Prehistory of project

According to whitepaper:

An initial draft of the concept for a blockchain-based secondary loan market was conceived in February 2016 and Factury Inc., the company behind FIC Network, was incorporated in April 2016. Factury was selected by Startupbootcamp to join their New York-based accelerator in March 2016. Factury was also selected by to Boost VC to join their accelerator in Silicon Valley. Since its inception, FIC Network has widened its scope from a purely loan-market platform to a full-fledged fixed income securities network supporting both fiat and cryptocurrencies.

Product or its MVP

Product Alpha version is available via https://ficnetwork.com/en/download

Blockchain experience

Jed McCaleb, who left Ripple to start Stellar.

 

George Popescu, managing partner at Block X Bank.

 

Joseph Guagliardo, chair of blockchain practice at Pepper Hamilton LLP.

 

Anatoly Ressin, Co-founder & CEO at Blockvis.

Escrow

No escrow information found.

Comments

Update 24.01.18

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