The decision of the highest leadership and the official financial institution Khazastan was decided to establish “digitalization of the economy” through the use of blockchain technology. Many things have been done by the government to support the development of this project. Among them is taking an examination of the feasibility study of renewable energy development. Where the results of this exam stated Khazastan as the first country that successfully passed to develop its own renewable energy. The big decision of the Khazastan government to build this project is certainly inseparable from various analyzes involving the Ministry of Finance and the Khazastan Energy Development Ministry.
One of these projects is Facite.
The main goal of the Facite investment project is to develop the financial and economic environment in Kazakhstan using blockchain technology.
The project has two main tasks.
The Facite Foundation also manages Kazakh bus and solar maps. The solar power station will be built in Almaty, one of the three major cities of Kazakhstan. The Facite Foundation will receive and will provide part of the profits derived from these two projects to Facite holders.
The revenue from the use of blockchain technology is allocated to build three main sectors, namely the manufacture of transportation cards, the construction of cryptocurrency mining infrastructure, and the construction of solar-powered electricity. Where the percentage of profits obtained is 20% for mining infrastructure development, 30% for transportation card making projects, and 30% for solar-powered electricity development. Distribution of profits has a period of time each, every month for making transportation cards and building solar-powered electricity, and every week for the construction of mining infrastructure.
Based on data obtained from the International Monetary Fund, it shows that the level of Khazastan’s country’s gross domestic product from 1992 to 2014 continued to experience a significant increase. This proves that Khazastan deserves to be the country that built one of the biggest blockchain technology projects in the world.
Facite as the main crytocurrency platform built by the Khazastan government to control this technology system and also to create a token that can be used to raise funds with the ICO (Initial Coin Offering) system.
Where the system of selling tokens will take place twice. In the first stage, Facite opened private tokens sales of 700,000,000 FIT with a discount of 10% and an Airdrop sales system of 300,000,000 FIT. In the second stage Facite will open token sales in general for 1,000.0000,000 FIT with a bonus of 5%.
Of the total number of Facite tokens, it can be ascertained that a large amount of this token is allocated for ICO sales. Then followed by 20% operational company, 10% team members, 10% marketing, 10% development, 5% advisory, and 5% reserves.
To promote the common interests of all stakeholders, the Facite token has been issued. Token allocation consists of 40% of token sales, 20% of the company's operations, 10% team members, 10% marketing, 10% development, 5% advisors and 5% reserves.
We can conclude from this distribution mechanism that Khazastan is really serious in developing this project. This can open our horizons that blockchain technology is technology that can be one of the biggest solutions in improving world development. The use of blockchain technology-based cards is usually considered by other economists as a risk that can slowly eliminate the use value of fiat currencies. But it is different from Khazastan, because basically the fiat currency printing process uses expensive materials and production costs. In addition, the printing and distribution of fiat currencies must also be done every day. Where the distribution process will also issue a large amount of funds. Unlike the case with a card that can be used in a few years and is more practical to carry anywhere.
Website: https://www.facite.org/
White paper: https://docs.wixstatic.com/ugd/8f0e7c_1b71470a86564f028e90d1216db13e90.pdf
ANN: https://bitcointalk.org/index.php?topic=5124497
Facebook: https://www.facebook.com/Facite-394735348032337/
Telegram: https://t.me/faciteofficial
Twitter: https://twitter.com/faciteofficial
Instagram: https://www.instagram.com/faciteorg/
Username: unyun
Profile: https://bitcointalk.org/index.php?action=profile;u=2430867
Eth: 0xab74eF17D66c4F2f658F1983Ec0DA91eA6553A59
