ICO Analysis: FIC NetworkPublished on April 25, 2018
By Kent HamiltonVerdictCombining the crypto and fiat fixed income market will help make the future crypto market mainstream and sustainable. Existing crypto tokens are operating as currencies or utilities without a fixed-income offering. A crypto and fiat fixed income market can sustainably drive the crypto market into mainstream usage better than the conventionally fixed income market. FIC’s blockchain-based platform will allow users to list, buy and sell any type of crypto or fiat fixed financial instruments avoiding the drawbacks of conventionally fixed income markets such as friction, lack of liquidity, lack of interoperability, asymmetry of information and operational risks. A multi-currency asset agnostic system with a built-in exchange allows users to operate in currencies of their preference, thus eliminating exposure to exchange rate risk and simplifies accounting.
Risks The FIC Network and app aren’t scheduled to be launched until Q4 2018. While Q4 isn’t too far in the future, many ICOs have over-promised and under-delivered when it comes to their roadmap progress after ICO completion. -1
As with many ICOs, the majority of the team has outside obligations which result in time being spent elsewhere and not 100% focused on the success of the project. -1
Regulations for cryptocurrencies are still undetermined and the outcome on how they will affect ICOs’ dealing with securities, such as FIC Network, is unknown. –1
Growth Potential FIC Network has an MVP – distributed app (dApp) eDepository, which has already been developed and deployed on their Test Network. It allows publishing and managing assets on the blockchain network. +3
The team has the right mixture of talent and experience to bring this project to fruition as well as multiple advisers and venture capital backing. +3
Token metrics are an extremely important aspect that investors research to determine if an ICO is worthy of investment. A fairly low hard cap of $16 million USD, 50% of tokens being sold during the token sale, and a fixed supply are considered positives. +3
DispositionWith the uncertainty of this market, some investors may choose to remain on the sidelines. However, with the profit potential in this incredibly large market, those that take the plunge could end up with excellent returns if all goes according to plan. FIC Network receives a rating of
6 out of 10.Proof: https://hacked.com/ico-analysis-fic-network/
