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What is FIC (FinCredit Protocol)
FinCredit Protocol (FIC) is a decentralized application protocol that is building a secure and efficient decentralized credit reference network with blockchain technology. It provides credit attestations and credit inquiry services for both lenders and borrowers, and resolves the problems of data authenticity and lack of credit system in the traditional lending industry, so as to realize its ultimate vision of quick and easy financial services both locally and globally.
- The FIC team has taken root in FinTech for years, with core members mostly from Alibaba, UnionPay, Ant Financial, PingAn, etc. FIC’s SaaS platform has been officially implemented at the end of 2018. According to test results, it can effectively reduce users’ borrowing costs and default rate.
- The project is powerfully backed by FinTech and real economy, with stable profit models that are sufficient to support its development and operations. It will gradually connect on-chain & off-chain businesses, and provide incremental funds to the market.
- FinCredit Protocol has partnered with multiple blockchain wallets such as Qbao and Token Panda, and previously received strategic investments from BN Capital, Dr.J Labs, Evernew Capital, Unknown Labs, Amedeo Capital, Jove Capital, QbaoNetwork Foundation, etc.
Key points to the flow of tokens
- Team’s token position will be locked in for the first half year after getting listed on exchange; and will be released by 5% every half year going forward until it’s fully released.
- Token Sales position will be released by 25% before getting listed on exchange and the remaining position will be released by 15% on a monthly basis until it’s fully released.
Token Status and Distribution
Team: 15%, Foundation: 10%, Early Investors: 5%, Marketing: 10%, Ecosystem Rewards: 35%, Token Sale: 25%
Total Supply: 10,000,000,000
Price of Community Round: 1 FIC = 0.007 USDT
Initial Circulating Supply: Less than 0.05%