The FTEC (First Trading Ecosystem) ICO is scheduled to start tomorrow, with the project already reaching it's softcap from initial investors.
Check their website here
FTEC is a company that is seeking to change their market which focuses on providing potential investors with the opportunity to get involved in tech-based projects at fees that are substantially lower than they would have perhaps expected to pay. Clearly, for any potential investor this could be rather interesting, but then there is a need to examine what they are doing in more detail before we can come to any kind of conclusion regarding this project.
The team behind the new project claims that their platform is going to save investors time, and therefore money, by effectively cutting through so many of the issues that feel as if they are there to merely annoy individuals. If this is indeed true, then it will be easy to see why this could be an attractive proposition as it is certainly a problem that needs to be addressed. Quite how they plan on doing this is going to take some extensive reading on your part.
They also note that they are able to provide investors with strategies that they state will help to increase the yield on investments, but then every company such as this will go ahead and state this kind of thing, so that in itself is not unusual. However, in this instance they mention that they offer over 15 different solutions to a wide array of problems which, if true, would certainly make a significant difference just as they stated.
From a technical perspective, then you need to be aware that you will sign up for an account on their platform in order to gain access to their system. This is done via their website, and you should know that their platform is built on Ethereum, so it provides you with that stability and security that you should be searching for whenever you are looking at investments. Their token is also created from the same base, so you can use any Ethereum based wallet for its storage.
Aside from that, you will also notice that the cryptocurrency can be used in order to effectively purchase shares in the company which is then invested in different tech-related companies where the price is certainly in your favor. By doing it this way, Ftec finds it easier to keep track of what is going on and where the investments are placed, which ultimately means that there is a better chance of getting a far more positive result.
In short, the technical side is easy to understand if you just put all of the investment terminology and approaches to one side since this is more about the blockchain and whether or not the project has potential. In this instance, the tokens act as the currency for investment purposes, so you can perhaps see where it could increase in value if they are able to show that their investment strategies are able to pay dividends.
Aside from the potential of growing your investments, perhaps the main advantage associated with the platform is that they do have extensive experience in this particular field. In fact, they have spent years fine-tuning their approach and products, and they state that they have already helped a huge number of people to grow their investments since their launch.
Having this experience will certainly increase confidence in what they do, and as your money is going to be at risk, you can understand how this snippet of information could make a difference to you. Also, by simply leaving it in the hands of a company that know what they are doing, it will also lead to it being an attractive proposition for those that are new to investments. Basically, they do it all for you with you simply reaping the benefits, so there is less need to be aware of the terminology.
For the financial side of things, then the project is only looking at accepting ETH as the currency during the ICO phase which obviously shouldn't be a problem. They are also planning on having a minimum investment figure of 0.1 ETH which is pretty standard for those projects that believe that this is going to safeguard them against smaller investments.
There is also a soft and hard cap being put into place for the ICO. The soft cap has been set at just 2,000 ETH while the hard cap is at 26,000 ETH which is still not too far out of the realm of possibilities. Furthermore, during the ICO there will be an exchange rate of 1 ETH equating to 35,270 FTEC. Finally, they are looking at releasing 848,640,000 tokens during this phase which equates to 85% of the total that will be created for the project.
The team behind the new blockchain based platform undoubtedly has the experience that you are looking for when you are dealing with investments, but whether or not that will be enough to turn this project into a success remains to be seen as with all ICOs. However, their approach is nothing new when you are looking at a blockchain project, so what they are offering does almost entirely come down to whether or not you trust their abilities.
From an investment point of view, this is something that could be quite stable simply because you are not dealing with someone that has just started in this industry. Instead, their track record does give you more confidence even if you are still wary about investing a considerable amount of money into the project itself. By all accounts, with everything that they have going for them, should bode well for the future especially if they are then able to go ahead and make some substantial profits early on.
The 0.1 ETH minimum investment should not put you off checking them out or even just taking a gamble as there are certainly other projects out there that have the same stipulations but do not have such a strong background. If you had a choice, then selecting this Ftec product should certainly be your first port of call.
Website: Check their website here
Whitepaper: https://ftec.io/en/whitepaper
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