ICO Project The Fleshy Tender ONE (FT1)
Tokensale Start: 17/03/2020
Tokensale Finish: 13/07/2020
The Fleshy Tender ONE is a universal platform that provides escrow services to users and ensures fast and secure transactions. For convenient use of the platform, the project team will develop a mobile application for iOS and Android. The FT1 token will be used to pay for services in The Fleshy Tender ONE ecosystem.
Business Model Overview The Fleshy Tender ONE (FT1)
1. The validity of income
The project will receive income from the provision of services on the platform and transaction fees. The project team is counting on the rapid growth of the user base, as this will ensure a quick payback of the project and many times increase the income from the platform. Users will be able to pay commission fees - using the FT1 token. Also, users will be able to receive FT1 tokens as a reward for participating in the promotion of the platform.
2. Number of currencies accepted
The project accepts 5 currencies, namely: BTC, ETH, LTC, BCH, BNB.
3. Token emission
The project has a limited number of tokens. A total of 5,000,000,000 FT1 tokens will be issued.
4. Discount on the purchase of tokens
The discount on the purchase of tokens is 20%.
In the provided technological map, the project goals are indicated until the middle of 2021. After the token sale, the project team will distribute the funds as follows: 65% - “Product Development”, 20% - “Operating Expenses”, 12% - “Marketing and sales expenses”, 3% - “Legal expenses”.
6. SOFT CAP / HARD CAP Ratio
The current SOFT CAP / HARD CAP ratio is favorable, which increases the investment attractiveness of the project, the values of SOFT CAP and HARD CAP are $ 2,000,000 and $ 5,000,000, respectively (p. 16 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