FIC Network is a blockchain-based fixed income securities model that reduces costs Robin Ventura Jersey , 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 Bill Melton Jersey , 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 Paul Konerko Jersey , structured products and other financial instruments. FIC Network will accommodate any type of currency, including cryptocurrencies, and financial 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 Ozzie Guillen Jersey , 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 Luis Aparicio Jersey ,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 Ron Santo Jersey , 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 Jeff Keppinger Jersey , 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 Luke Appling Jersey , and financial technology is scalable to the global fixed income and debt markets, which exceed $230 trillion USD.


Team
The FIC Network team consist of experienced executives, blockchain developers and experts in startups, marketing and investments. Their website lists a core team of nine members and eight advisers. ArtursIvanovs is Founder & CEO of FIC Network as well as an adviser to Turing Funds, the first mainstream exchange-traded fund of cryptocurrencies. AigarsStaks is Co-founder & Senior FIC Network Architecture Adviser who brings valuable experience from working with companies such as Microsoft and PwC.


Advises include MatissAnsviesulis, who is the Founder and CEO of Creamfinance, which according to Inc. magazine Harold Baines Jersey , was the fastest-growing fintech company in 2016. Jon Chou is the Co-founder & CEO of Bee Token as well as an advisor to .


Verdict