[ANN][ICO][HOT]🌿🔥FABA Token - break through in venture capital market🔥🌿

[Obasi1]

It was so much easier to join first round of sale,$1300 is quite a lot of money for small investors.I hope minimum will go down,as i would like to buy more faba tokens.

Minimum won't go down, because Faba wants serious investors to invest and I think it is a good move.Better then to have a bunch of investors with 100 USD investments.

Remember this is not a utility token.

Reaching soft cap will attract more big investors,and all those positive news lately.

In case hard cap is not reached,what will happen to unsold tokens?Usually those are burn but since its security tokens is there any diferent approach because of that?

I would like to know that too? Will unsold tokens be burned or what will happen with them?

Yes! Unsold tokens will be burnt check our whitepaper and website for more details.

How many tokens is sold so far during 1st STO round? And also,do you plan any giveaways in the future,like another airdrop campaign?

We don't plan any other token giveaway in the future. You are free to join our bounty campaign to earn more Faba tokens.

[Obasi1]

Did the second part of sale start already? How long does it take to go through KYC proces?

The second part of the sale will take effect from 1st of March 2019. KYC takes less than a week to process and verify.

You can also inquire more about KYC from our KYC partner firm: https://t.me/ice_firm.

What are you focused on at the moment during this break between two STO rounds?

We are focused on connecting with viable projects (startups) across the world. And we are also building relationships with traditional private and institutional investors.

[Obasi1]

I see that people are still confusing STO and ICO, but soon enough people will figure out that its not the same thing

Yeah, it should be communicated to people that they do get the shares of Faba and voting right, like if they invest enough funds they own a part of the company unlike with utility tokens where you essentially do not own a thing.

It doesn't matter how little, or big your investment in Faba is, as long as you contribute to our STO, you are a shareholder of Faba Limited

Will shareholders have any extra privileges based on the amount of FABA tokens they own?

Shareholders with the minimum amount of 2000 Faba tokens will have the right to vote for startups that require funding.

[Obasi1]

According to what is written in the FAQ page on the website, they will invest in 110 start-ups. 11-17 of them will represent 10-30 times return on original investment. A question came to mind is how can they guarantee that big return?

Thank you,somehow i missed that.Thats quite a lot of startups. Regarding the ROI, i doubt that they can guarantee that kind of profit,i see it as some estimate,some projection.

If you understand the VC industry, you will realize that we are being moderate with our investment returns.

I cant say i know much about VC industry and kind of returns that are expected there, but it is a good thing to be confident,that is for sure.As a matter of fact, FABA tokens will be my first security tokens,so far i always had utility ones and i always hated that i cant be more involved in the project, and with security tokens thats not the case.

Thank you so much for your confident in our project. We'll make sure not to disappoint you guys.

[Obasi1]

Did the second part of sale start already? How long does it take to go through KYC proces?

The second part of the sale will take effect from 1st of March 2019. KYC takes less than a week to process and verify.

You can also inquire more about KYC from our KYC partner firm: https://t.me/ice_firm.

How long does it take to go through KYC?I submitted my application this morning,can i expect it to be done in the next couple of days?

Within 24hrs.

[Obasi1]

It was so much easier to join first round of sale,$1300 is quite a lot of money for small investors.I hope minimum will go down,as i would like to buy more faba tokens.

Minimum won't go down, because Faba wants serious investors to invest and I think it is a good move.Better then to have a bunch of investors with 100 USD investments.

Remember this is not a utility token.

Reaching soft cap will attract more big investors,and all those positive news lately.

In case hard cap is not reached,what will happen to unsold tokens?Usually those are burn but since its security tokens is there any diferent approach because of that?

I would like to know that too? Will unsold tokens be burned or what will happen with them?

Yes! Unsold tokens will be burnt check our whitepaper and website for more details.

How many tokens is sold so far during 1st STO round? And also,do you plan any giveaways in the future,like another airdrop campaign?

I'm curious to know the figures also. The number of tokens sold pretty much translates if they are successful in selling this project to the investors. Are they going to disclose the amount collected so far?

All we kow so far is that soft cap has been reached,i dont think that exact amount has been disclosed so far.Most important goal is reached so far,that means there wont be any delays with development.

As far as I know, they won't announce the money raised before end of the ICO. They have only announced reaching the soft cap to make the investors confident about the future of the project.

This will help to boost the investors because once they reach the soft cap means defenitely it will help the project to increase their demand in the market. If they reach the complete hardcap then defenitely it will help to increase their demand.

Yes! We have reached the soft cap, and we hope to have more successful sales during our 2nd round of STO sales.

[Obasi1]

Did the second part of sale start already? How long does it take to go through KYC proces?

The second part of the sale will take effect from 1st of March 2019. KYC takes less than a week to process and verify.

You can also inquire more about KYC from our KYC partner firm: https://t.me/ice_firm.

How long does it take to go through KYC?I submitted my application this morning,can i expect it to be done in the next couple of days?

It says above that it is resolved within a week m8

I hoped it will be resolved in the matter or day or two, but i can wait for a week,if that means it will be done in quality and secure manner.I have to wait for 2nd sale round anyway.

Faba and ICE are GDPR compliant companies. We treat all users data with the highest level of security. And of course your KYC will be verified just in time. Thank you.

[Obasi1]

Did the second part of sale start already? How long does it take to go through KYC proces?

The second part of the sale will take effect from 1st of March 2019. KYC takes less than a week to process and verify.

You can also inquire more about KYC from our KYC partner firm: https://t.me/ice_firm.

What are you focused on at the moment during this break between two STO rounds?

If you check the roadmap it says - Marketing Boost Startup Articles.

I'm not sure 100% what that actually is so I won't run my mouth    It would be nice if someone from the team explained a bit more about this activity.

This has to do with writing about projects/startups Faba is already invested. And we've been doing that in the past weeks. Stay tuned for more updates.

[Obasi1]

It was so much easier to join first round of sale,$1300 is quite a lot of money for small investors.I hope minimum will go down,as i would like to buy more faba tokens.

Minimum won't go down, because Faba wants serious investors to invest and I think it is a good move.Better then to have a bunch of investors with 100 USD investments.

Remember this is not a utility token.

Reaching soft cap will attract more big investors,and all those positive news lately.

In case hard cap is not reached,what will happen to unsold tokens?Usually those are burn but since its security tokens is there any diferent approach because of that?

I would like to know that too? Will unsold tokens be burned or what will happen with them?

Yes! Unsold tokens will be burnt check our whitepaper and website for more details.

How many tokens is sold so far during 1st STO round? And also,do you plan any giveaways in the future,like another airdrop campaign?

I'm curious to know the figures also. The number of tokens sold pretty much translates if they are successful in selling this project to the investors. Are they going to disclose the amount collected so far?

All we kow so far is that soft cap has been reached,i dont think that exact amount has been disclosed so far.Most important goal is reached so far,that means there wont be any delays with development.

As far as I know, they won't announce the money raised before end of the ICO. They have only announced reaching the soft cap to make the investors confident about the future of the project.

Yes i understand that exact amount is not revealed other than that figure is over soft cap,i was just curious on the amonut of tokens left for sale.

By the end of the token sale, we will disclose the total amount raised, and the total amount of tokens sold to this effect.

However, be rest assured that we will not sell more than the allocated amount reserved for the STO. Also any unsold tokens will be burnt.

[Obasi1]

I see that people are still confusing STO and ICO, but soon enough people will figure out that its not the same thing

Yeah, it should be communicated to people that they do get the shares of Faba and voting right, like if they invest enough funds they own a part of the company unlike with utility tokens where you essentially do not own a thing.

It doesn't matter how little, or big your investment in Faba is, as long as you contribute to our STO, you are a shareholder of Faba Limited

Will shareholders have any extra privileges based on the amount of FABA tokens they own?

All Faba investors have equal rights and their right is also proportionate to the amount of Faba tokens they own.

Does that work same as stocks? If someone buys 51% of Faba he can become the owner?

You will become the majority share holder of course.

[Obasi1]

I see that people are still confusing STO and ICO, but soon enough people will figure out that its not the same thing

Yeah, it should be communicated to people that they do get the shares of Faba and voting right, like if they invest enough funds they own a part of the company unlike with utility tokens where you essentially do not own a thing.

It doesn't matter how little, or big your investment in Faba is, as long as you contribute to our STO, you are a shareholder of Faba Limited

Will shareholders have any extra privileges based on the amount of FABA tokens they own?

All Faba investors have equal rights and their right is also proportionate to the amount of Faba tokens they own.

Does that work same as stocks? If someone buys 51% of Faba he can become the owner?

That would be logical thing, but i would like to see some mechanism where noone can own that amount and control everything.

Of course is not possible for anyone to buy up 51% of Faba tokens.

[Obasi1]

As far as I know the total supply should be 160 million. I checked Etherscan and there are only about 5.3 million tokens. Where are the other tokens? Are they going to be generated?

Yes Tokens are minted in batches and also locked until the end of the ICO sales.

[Obasi1]

As far as I know the total supply should be 160 million. I checked Etherscan and there are only about 5.3 million tokens. Where are the other tokens? Are they going to be generated?

it looks like the ones on the etherscan are sold tokens because the ones like us know that the total supply is 160 million tokens and in the etherscan there are only 5 million tokens, it looks like the total tokens will appear after the ICO is finished

Our tokens are minted in batches!

[Obasi1]

As far as I know the total supply should be 160 million. I checked Etherscan and there are only about 5.3 million tokens. Where are the other tokens? Are they going to be generated?

Can you please share their contract address?

About seeing only 5.3 M, as you said rest is probably not minted yet,maybe they are mitning as they are selling them.

We are not done minting our tokens. As a matter of fact we have not minted the tokens of over 70% of investors.

[Obasi1]

As far as I know the total supply should be 160 million. I checked Etherscan and there are only about 5.3 million tokens. Where are the other tokens? Are they going to be generated?

Are you sure that you are looking at the right address?
Here i see 160,000,000 FABA. 
https://etherscan.io/token/0x30c3a8c828b600b46cccfbf25ded7263ba29d35a

Hello this is the correct address of our token: https://etherscan.io/token/0xf96ce1afeacbb80eee6f9989b6bf38e819efdb05

[Obasi1]

Im certain FABA team will keep majority of the tokens for themselves, thats the safest way for this idea to suceed as they are well experienced investors, so they will work in best interest of the company.

Most probably the team will do this. The team will be the majority shareholder to implement what is in their mind. Also I believe that this is a good decision. Because they are more trusted than any other one by the community.

Will there be some other use for FABA tokens except for voting rights when they decide about where to invest?

In the future, our investors will have the option accepting Faba tokens for dividend payments. We are also exploring additional use cases for our tokens so as to increase its demands.

[Obasi1]

Did the second part of sale start already? How long does it take to go through KYC proces?

The second part of the sale will take effect from 1st of March 2019. KYC takes less than a week to process and verify.

You can also inquire more about KYC from our KYC partner firm: https://t.me/ice_firm.

What are you focused on at the moment during this break between two STO rounds?

We are currently networking with different firms for partnerships, and also accessing startups that meet our investment criteria.

Could you explain a bit more about what criteria does a startup need to meet to be potentially interesting for Faba to invest in it?

Can someone from the team please answer this question? It is important to know what kind of companies are going to be scouted for investing.

Hello, we already specified that we are only interested in eco-friendly projects and startups in the areas of biotech, agriculture, food processing, education, medtech, the blockchain, etc.

[Obasi1]

How many companies does Faba plan to invest initially?

In total, we intend to make Investment into 110 projects, and out of which 11-17 best represent 10-30 x the return on investment, 1 out of 100 projects gets a valuation of $ 1B (unicorn)

[Obasi1]

I have  2 types of FABA tokens in my wallet, that i got from airdrop. Which one is real FABA? The one sent first or second?

Our first token contract was bugged. So we created a new contract token which now replaces the old tokens. The second Faba tokens you received is the original Faba token.

[Obasi1]

Is there any reward if we suggest a company to Faba to put up for vote or invest into?

Feel free to suggest the company to us. Alternatively, you can ask the team to submit their request here: https://vc.fabainvest.com/send_project