FIC Network

Making bonds easier.

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FIC Network

Another up and coming ICO is one that goes by the name of FIC Network. There are a handful of things to like about FIC Network but it comes with its own set of issues. The ICO niche it is mainly operating in is the finance niche and not many people are big fans of ICOs operating under this particular umbrella. The reason why they haven’t got much attention on the crypto scene is really because what they want to do is quite complex. FIC Network wants to create a platform for the securitisation of financial instruments including corporate bonds on the blockchain. It sounds complicated but a bond is just a debt instrument used to finance other activities. It is a loan, in other words, that investors make to the bond’s issuer in exchange for interest or money paid on top of that loan. FIC‘s value proposition actually hinges on offering investors, that’s you and me, the opportunity to invest in fixed income securities or bonds using crypto. It is a great idea and as long as one does not have anything against finance led ICOs one would not prefer putting down legitimate projects, which FIC network is, but what the market wants the market gets and the market isn’t favorable to finance led ICOs.

When it comes to their hype they are deserving of a two out of ten and the reason for that is very straight forward. According to the market conditions, a prolonged crowd sell is unfavorable but it is a complex idea that most retail investors do not understand. It is indicative of a project with no unmet demand for the team. When it comes to FIC network‘s team they would definitely be deserving of a six out of ten. The CEO is Artur’s Ivanovs, a former executive and senior project manager at Porter Novelli Latvia at the Baltic public relations agency. For the chief operating officer we have Alvaar Soosaar who’s had over 20 years of experience as an investor and is the former managing director of Fisher Road capital which previously managed portfolios worth over seven point eight billion dollars in fixed income securities. Clearly the team has a lot of experience in the niche they want to operate in.

When it comes to the token economics FIC Network deserves three and a half out of ten. The hard cap is set at sixteen million dollars and they’re going to have a 50% circulating supply so that’s going to give them a fully diluted hard cap of thirty two million dollars. Investors in the private sell received sixty percent bonus for twenty percent of the total token supply and pre-sell investors received a thirty percent bonus. Information on tokens is still not reachable. They have gotten a relatively low hard cap, however, what one may miss is the market as a whole. The pre sell of FIC network has been extended at least twice and that tells me that the project’s just asking for too much money relative to how much support they’re getting. The second thing I noticed for the project is that it is operating in a very legally complex environment. One may remember bonds are a recognized security and they’re actually classified on a country-by-country basis which just increases their complexity. Finally, the head of communications is occupied across four separate companies according to his LinkedIn profile. One may wonder how they are going to bring longevity to the project if they can’t communicate their ideas and business model to other people. The market would simple stand against them. 

It is advisable for one to conduct their own research regarding ICOs and their limitations or advantages as the internet is not a good financial adviser when it comes to how one should handle their money, however, a quick overview of the way an ICO works, its token economics and its white papers is a good dive into what the ICO stands for.

Keeping all that in mind, it is essentially up to one’s own self whether they choose to invest in an ICO or not. Research, analyse and approach with caution. The world of ICOs is your own playing field and whatever way you choose to venture out in it, make sure you are fully equipped and motivated before doing so.