Crytp Lover #3 Farad Cryptoken Offer at 0.00004559 BTC per token
A unique cryptocurrency which captures Energy Storage and Internet & Telecommunications, two of the latest technological innovations in the market.
FRD will be offered for sale based on the timetable below:
Pre-ICO Token Swap
Pre-ICO Token Swap program which will be conducted over a maximum period of 21 days starting from 25th August 2017, 13:00 GMT till 14th September 2017, 23:59 GMT
Launched earlier this month at the Dubai International Financial Centre (DIFC), FRD aims to allow cryptocurrency holders unique and safe access to the ultra-capacitor market by narrowing down their participation to the initial stage of the FARAD ultra-capacitor products manufacturing process. Public will be offered an opportunity to hold the FRD through its ICO.
FRD can be owned using Ethereum (ETH) or Bitcoin (BTC) through the FRD Token Swap Program. The FRD Team will be announcing its Pre-ICO Wallet on Friday, 25th August 2017 through its official website www.farad.energy. During the Pre-ICO, contributors will have the privilege to own 10% more FRD compared to the ICO.
By partaking in the ICO, each contributor will represent a right to the forward production of Ultra-capacitor Cells (“UCC“) defined by the millifarad (“mF”) of the UCCs where a total of 1.6 billion mF will be produced over a period of 36 months. Funds raised from the ICO exercise will be used for the following purpose:
25%: To acquire specialized machineries which will be imported from Taiwan, Italy and Germany.
25%: To purchase and stockpile the metal oxides material needed for the production of the FARAD Ultra-capacitors.
15%: To fund further intellectual property protection (patents), industrial development and collaboration.
10%: To cover Blockchain developments for the manufacturing process and Supply Chain and Value Chain management for the FARAD Ultra-capacitors on Ethereum blockchain concepts.
25%: To cover international marketing, ICO costs, financial costs, of the FARDA Ultra-capacitors manufacturing, etc.
ICO Swap Token
ICO Swap program will start from the closing of the Pre-ICO Token Swap program or over a maximum period of 14 days from 15th September 2017, 00:00 GMT till 30th September 2017, 23:59 GMT
ICO Swap Volume 1,280,000,000 FRD
Total Issue Volume 1,600,000,000 FRD
FRD Offer Price
(Pre-ICO Token Swap) 0.0005921 ETH / or BTC* equivalent.
FRD Issue Date
7 days after the ICO closing date
First Quarterly Swap Back 20th March 2018
Among the unique selling propositions of FRD are, firstly its valuation is driven and backed by real economic cash flows, secondly, its ‘mining model’ is an ‘assured model’ by ‘mining’ on actual FARAD produced on the Ethereum Smart Contract. After 3 years, when ‘mining’ is over, its fundamental will then be backed by 100% cryptocurrencies. Thirdly, the premium over Escrow is meant to be the value attached to FRD as currency for ultra-capacitor based products and markets in the future.