Obasi1
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January 11, 2019, 12:02:15 PM |
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Is FABA token security or utility token?
It's a security token
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dimaVODKA
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January 11, 2019, 02:30:07 PM |
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You will focus on startups in Czech Republic at the beginning,or you will look at some other market as well? From what I saw on their website, they plan to focus on United States and India, beside Czech Republic. Those 2 are huge markets, so it makes sense. I see, thanks. Yes it makes sense to focus on those markets as they are big and influental, and when you spread on those it will be easier to go for other markets like Asia, Europe and Africa.
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DiggerMan
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Erotic Industry on the Blockchain! RachelX
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January 11, 2019, 04:10:49 PM |
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Token sales have started from 7 months ago or march in private sales and to this day you only collect $2.5 million. Indeed, you still have the next few months to run the ICO, but I doubt the $67 million hardcap can be achieved. If hardcap is not reached, will you continue this project?
Indeed we collected USD 2,5 M, but we have additional 20 % in commitments from private sale investors. We already launched FABA and invested in several companies which you can review on https://vc.fabainvest.com/ therefore we reached the softcap and we will continue the project. I did some quick reading and scrolled through your materials and I can say that I'm optimistic for now. Can you link your whitepaper please and your github? You can find GitHub link in the first post of this thread and here is the whitepaper link https://www.faba-white-paper.com/FABA.pdf
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WhoWuWho
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January 11, 2019, 04:14:36 PM |
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Is there a minimum investment needed to invest in FABA?
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Avdogado
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January 11, 2019, 04:25:15 PM |
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Is FABA token security or utility token?
It's a security token What does that change, does security tokens act like a share of the company or something similar?
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Obasi1
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January 11, 2019, 06:32:47 PM |
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Is FABA token security or utility token?
It's a security token What does that change, does security tokens act like a share of the company or something similar? Yes! holders of our tokens will share from every profit we make from our VC investment rounds. Kindly download our onepager for more information about tokens- https://www.faba-white-paper.com/Onepager_en.pdf
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Obasi1
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January 11, 2019, 06:38:07 PM |
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author=Tyrant76
From what I saw on their website, they plan to focus on United States and India, beside Czech Republic. Those 2 are huge markets, so it makes sense.
Hello Tyrant76 thanks for the comment. To add to your reply, we are also open to investing in any viable projects across the world as long as there is a means of reaching the project's team and also assessing all necessary documents regarding the project. Thanks to blockchain, we are just as decentralized. Making us the first decentralized VC firm in the world.
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Obasi1
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January 11, 2019, 06:59:00 PM |
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Can you provide us also the actual amount of how much you raised from your ICO stages? Also, your ICO is very long. I wonder if you can really get enough investors on board. If you invest this year in this project, it's like you can't see your ROI for a year. Given the fact that your token is relatively expensive as compared to others. We are already working on providing these details on our ICO page. As per the amount for our ICO, we have already reached our softcap a long time ago. However, reaching our targeted hardcap will avail us the opportunity of investing in multiple projects which means increased ROI for all our investors and token holders.
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Obasi1
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January 11, 2019, 07:10:20 PM |
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We raised USD 2 576 573 in private sale in FIAT. We continualy invest in promising companies even during the ICO (the portfolio top companies are mentioned on our website) therefore we can afford the longer raising period considering the hardcap of USD 67 m.
the crowdsale durations is about 12 months in 2 rounds, depends on the first post in this thread right ? seems will be a long ICO story,, and in the private sale already collected more than 2.5 million thats good amount of money.. anyway, how much the soft cap from this projecy ? because you mentioned only the hard cap.. regards Our softcap is 4m USD!
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Obasi1
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January 11, 2019, 07:12:17 PM |
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Token sales have started from 7 months ago or march in private sales and to this day you only collect $2.5 million. Indeed, you still have the next few months to run the ICO, but I doubt the $67 million hardcap can be achieved. If hardcap is not reached, will you continue this project?
Yes we will continue the project as we already reached our soft cap of 4m USD! Thanks for checking us out.
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Klackalica
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January 11, 2019, 07:14:56 PM |
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Is FABA token security or utility token?
It's a security token What does that change, does security tokens act like a share of the company or something similar? Yes! holders of our tokens will share from every profit we make from our VC investment rounds. Kindly download our onepager for more information about tokens- https://www.faba-white-paper.com/Onepager_en.pdfGreat! I like that you have onepager, I don't understand a lot of technical stuff, so onepager saves me a lot of time and nerves
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Londondungeon
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January 11, 2019, 07:17:20 PM |
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Can you provide us also the actual amount of how much you raised from your ICO stages? Also, your ICO is very long. I wonder if you can really get enough investors on board. If you invest this year in this project, it's like you can't see your ROI for a year. Given the fact that your token is relatively expensive as compared to others. We are already working on providing these details on our ICO page. As per the amount for our ICO, we have already reached our softcap a long time ago. However, reaching our targeted hardcap will avail us the opportunity of investing in multiple projects which means increased ROI for all our investors and token holders. Do you have any kind of structure or example that shows how will the number of projects that you invest in correlate the amount of funds raised during the ICO?
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welcomehome
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January 11, 2019, 08:42:56 PM |
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Is FABA token security or utility token?
It's a security token What does that change, does security tokens act like a share of the company or something similar? Yes! holders of our tokens will share from every profit we make from our VC investment rounds. Kindly download our onepager for more information about tokens- https://www.faba-white-paper.com/Onepager_en.pdfGreat! I like that you have onepager, I don't understand a lot of technical stuff, so onepager saves me a lot of time and nerves Yep,having onepager is always a good thing, when you need quick overview of the project.But of course,its always best to read whitepaper fully, for complete understanding of the project.
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MrSlave
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January 11, 2019, 11:32:24 PM |
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Is FABA token security or utility token?
It's a security token What does that change, does security tokens act like a share of the company or something similar? Yes! holders of our tokens will share from every profit we make from our VC investment rounds. Kindly download our onepager for more information about tokens- https://www.faba-white-paper.com/Onepager_en.pdfSo more FABA tokens we own, more bigger share of profit we get?
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Obasi1
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January 12, 2019, 09:56:35 AM |
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So more FABA tokens we own, more bigger share of profit we get?
Exactly! The more Faba tokens you own, the more your ß shares and profit. Thank you!
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hipuzid
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January 12, 2019, 01:37:31 PM |
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Great,thank you for the info!I see that bounty pool is huge,$2 million worth of faba tokens!
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MrSlave
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January 12, 2019, 04:03:03 PM |
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So more FABA tokens we own, more bigger share of profit we get?
Exactly! The more Faba tokens you own, the more your ß shares and profit. Thank you! Makes sense ! I noticed that many projects are having security tokens lately, and it definitely makes sense, especially in FABA case as your are VC focused project.
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BigcountryRoy
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January 12, 2019, 04:04:51 PM |
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So more FABA tokens we own, more bigger share of profit we get?
Exactly! The more Faba tokens you own, the more your ß shares and profit. Thank you! Is there any graph on table or something similar that shows how much you profit if have x Faba tokens?
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KureBabino
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January 12, 2019, 04:08:54 PM |
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So more FABA tokens we own, more bigger share of profit we get?
Exactly! The more Faba tokens you own, the more your ß shares and profit. Thank you! Makes sense ! I noticed that many projects are having security tokens lately, and it definitely makes sense, especially in FABA case as your are VC focused project. Moving to STO is better for cryptocurrencies and it will bring more transparency and safer ecosystem for investors.
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