According to whitepaper FIC describe itself as blockchain-based, end-to-end, decentralized fixed income assets network that enables the listing, exchange, securitization, and redemption of fixed income financial instruments.
A full overview of the venture and Astronauts participation in FIC Network can also be found here. FIC introduces something that has been so far missing in crypto environment and that is possibility to issue and invest in fixed income assets with crypto. We believe that since pre-sale is ongoing this legal roadmap as well as specific plan of action should have already been made public. FIC network is a US-based company which is seeking to create a decentralized securities network that includes an array of different assets including bonds, loans and asset-backed securities. Furthermore, the team also demonstrated the ability to attract big investors such as Boost VC (leading accelerator in blockchain/crypto; investments include Coinbase, Etherscan, etc.
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- Christoph Mussenbroch, Protocol & Architecture
- Stephan Karpischek, Ecosystem & Community
- Renat Khasanshyn, Insurance Products & Revenue
Instead, anyone can buy “tokenized risk” by holding the Etherisc token and earn returns on the risk they are taking.
• It also represents an asset-agnostic, multi-currency distributed ledger with rules and applications specific to the fixed income industry. A third member, also a network architecture specialist at FIC Network, has run some of the projects in the companies such as PwC and Microsoft. Secondly, we are critical of the team’s decision to only make 30% of tokens available to the public through the ICO. • Very little attention is paid to the credit market in cryptocurrency space, which opens many opportunities for FIC Network. FIC (eFIC) is a decentralized network is intended for financial institutions, banks, credit companies, fixed income funds.
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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’s team has been working together since 2016 – it has been a blockchain company from day one. The main network should be released in Q2 of this year which is another good indicator for a flipping. Despite this, we do have some concerns regarding the team’s preparedness for the ICO (or “Token Generating Event” – TGE – as Etherisc calls it). Security token is believed to be (one of) the next big thing coming to crypto. Of course, this is dependent on the direction the general crypto market will have once eFIC tokens are listed.
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FIC Network aims to improve upon traditional systems in the fixed income market by integrating blockchain, therefore hoping to reduce costs, operational friction and commercial risk while increasing transparency.
FIC token will serve several purposes: • The eFIC token is a preliminary token on Ethereum blockchain with a fixed supply, and it is used to publish financial instruments. The firm is backed by a leading institutional research house, Picolo Research, and utilizes the expertise of certified financial analysts for investment due diligence. Long-term: This project has it all: solid team, some of the all-star advisors, alpha and test net and profitable niche. April 16: Public sale (if hard cap is not reached during pre-sale) Concerns:
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Crypto hedge funds and traditional asset managers will greatly benefit from cost savings and expanded market opportunities.
Presale Bonus: 60% bonus over ICO price (Private Presale) Token metric is good but nothing to die for. However, we believe the team still has some work to do on the promotion and marketing side in order to make this ICO more understandable for the general public. The network allows for listing, exchange, liquidity, redemption, buy / sell loans, asset-backed securities (ABS), syndicated loans, credit default swaps (CDS), futures, options using fixed income financial instruments. FIC token will be native crypto currency on the FIC blockchain.
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FIC Network is an asset-agnostic, multi-currency distributed ledger with rules and applications specific to the fixed income industry.
However, the market is paying all the attention to the equity side (giving token holders the same rights as equity holders). The technology is scalable to the global fixed income and debt markets, which exceed US$230 trillion. • The current industry costs associated with Loan securitisation can reach 5% of the costs, and with FIC Network those costs will be 0.0001% per $500 M securitization. During the private, pre and public sale you will be buying eFIC which is only preliminary token that will converted to FIC token later on. The potential for savings in a model like this is obviously huge in that it can cut the large bureaucracy that characterizes many insurance companies today. With hard cap of 16 million $ which represents 50% of total token supply the full price for one token is 0.1$.