ICO Project Futbol Coin (FUCO)
Tokensale Start: 01/07/2020
Tokensale Finish: 30/06/2021
Futbol Coin is a project that provides football fans and functionaries with a new cryptocurrency to modernize all financial processes in football. Users will be able to bet on any football events, as well as make purchases of various football goods and attributes - using the FUCO token. Also, by purchasing tokens, users will be able to invest in young players from the lower divisions of football leagues.
Business Model Overview Futbol Coin (FUCO)
1. The validity of income
The project will generate profits from the sale of young and promising football players, the sale of goods in online stores, as well as from the creation of football fields for indoor soccer and traditional football. The project team plans to launch 2 online stores in June 2020, and the authors of the project plan to enter into partnership agreements with other online stores to introduce the FUCO token - as the main payment option. Most of the profits from the sale of goods will be aimed at acquiring new players, creating football fields around the world and charity activities related to football.
2. Number of currencies accepted
The project accepts such liquid currencies as: BTC, ETH, LTC, BCH, ZCASH, BNB, XRP, DASH, EOS, XMR, XLM, USDT, TRX.
3. Token emission
The project has a limited number of tokens. A total of 11,000,000 FUCO tokens will be issued (p. 5 White Paper).
4. Discount on the purchase of tokens
The discount on the purchase of tokens is 100%.
In the provided flow chart, the project goals are indicated until the middle of 2021 (p. 14 White Paper). After the token sale, the project team will distribute the funds as follows: 10% - “Advertising and staff”, 20% - “Costs for football fields”, 10% - “Costs on the bookmaker page”, 10% - “Football store”, 50% - "Buying players".
6. SOFT CAP / HARD CAP Ratio
The project has a poor SOFT CAP / HARD CAP ratio, which negatively affects its investment attractiveness. The values of SOFT CAP and HARD CAP are $ 500,000 and $ 20,000,000, respectively (p. 6 White Paper).
7. MVP availability
The project does not have a developed MVP.
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 capital loss for investors.
Criteria of accordance to the international standards of business-planning of UNIDO and EBRD