ICO Analysis: FIC Network FIC Network is a blockchain-based fixed income securities model that reduces costs, operational friction, and risks while improving auditing ability and transparency for the industry. It will allow users to list, buy, and sell any type of crypto or fiat fixed income financial instrument including loans, bonds, collateralized loan obligations, loan syndication, credit default swaps and futures. FIC Network will also allow companies to raise funding by issuing bonds denominated in crypto or fiat. The FIC Network seeks to improve upon the existing traditional systems by boosting transparency, speed, asset liquidity and security, as well as reducing costs, operational friction and risks. The FIC 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 technology is scalable to the global fixed income and debt markets, which exceed $230 trillion USD. Token The eFIC token is an ERC20 utility token that will be used to trade, list, and hold financial instruments on the platform. eFIC will also prevent network spam and denial of service attacks. eFIC tokens will later be converted to FIC tokens after the launch of their production-level FIC blockchain later in 2018. The presale is currently ongoing through May 7, 2018, including a 30% bonus with a minimum investment of 10 ETH. The crowdsale starts May 7, 2018, and runs through May 15, 2018. The hard cap is $16 million USD with 316,500,000 eFIC tokens available for purchase at a price of $0.10 USD per token. All unsold eFIC tokens and unclaimed bonuses will be burned after completion of the public sale. FIC Network has partnered with Civic to be their KYC provider for the token sale. The token distribution is as follows: 50% Token Sale 316,500,000 eFIC 30% Reserves (locked) 160,000,000 eFIC 20% Team (locked) 156,500,000 eFIC
FIC Network is a blockchain-based fixed income securities model that reduces costs, operational friction, and risks while improving auditing ability and transparency for the industry. It will allow users to list, buy, and sell any type of crypto or fiat fixed income financial instrument including loans, bonds, collateralized loan obligations, loan syndication, credit default swaps and futures. FIC Network will also allow companies to raise funding by issuing bonds denominated in crypto or fiat. The FIC Network seeks to improve upon the existing traditional systems by boosting transparency, speed, asset liquidity and security, as well as reducing costs, operational friction and risks. The FIC network will cover every financial instrument in the fixed income space, starting with consumer and business loans, followed by