ICO Project Flexstay (FXS)
Tokensale Start: 03/06/2019
Tokensale Finish: 07/07/2019
Flexstay is a Singaporean company project that provides users with access to real estate reservations in more than 200 countries. The project team will develop a mobile application for convenient booking using cryptocurrency and fiat funds, and the loyalty program will allow users to earn points and use them for free staying at hotels. Using Blockcahin technology and smart contracts will ensure fast and secure transactions.
Business Model Overview Flexstay (FXS)
1. The validity of income
The project will receive income from commissions and user fees for services provided on the platform. The FXS token will be used to pay user fees and fees, while FXS tokens holders will not pay any fees on the platform. Travel agencies will be able to indicate which cryptocurrency they accept for payment and provide additional services to users.
2. Number of currencies accepted
The project accepts 1 liquid currency, namely: ETH.
3. Token emission
In the project there is a limited number of tokens. A total of 10,000,000 FXS tokens will be issued (p. 9 White Paper).
4. Discount on the purchase of tokens
The discount on the purchase of tokens is 75% (p. 9 White Paper).
In the technological map provided, the goals of the project until 2020 are indicated. The authors of the project plan to allocate 60% of tokens for ICO, 15% of tokens will be reserved for marketing and listing expenses. The project team will leave at its disposal 10% of the issued tokens, 15% will also be allocated for bonuses and airdrop.
6. SOFT CAP / HARD CAP Ratio
The project has an excellent ratio of SOFT CAP / HARD CAP, which positively affects its investment attractiveness. The values of SOFT CAP and HARD CAP are $ 155,000 and $ 271,250 respectively (p. 10 White Paper).
7. MVP availability
The project has no developed prototype.
8. Risk assessment and insurance
There are no risk assessments according to international standards, as well as any risk insurance methods, for example, Escrow, which increases the risk of losing capital for investors.
Criteria of accordance to the international standards of business-planning of UNIDO and EBRD