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Fidelium is an ambitious project combining a multi-exchange trading platform along with a debit card. Besides allowing for cross-crypto exchange trading, they also aim to integrate traditional financial markets such as commodities, stocks, and forex, as well as CME/CBOE futures and options.
The team seems fairly solid and consists of Americans and Koreans with respectable experience in finance, corporate, trading, marketing and software development.
FID Tokens will be used to fund development. For users, FID tokens can be used to trade for other tokens on the platform, or reduce transaction fees or fees when using the debit card.
The FID token is locked at 1FID=1USD, and contributions can be made in Bticoin, Ethereum, Dash, or Litecoin. Contributions are hard capped at 150 million FID/USD. Currently they are running their pre-sale, with a 40% contribution bonus. There is also a bounty program for social media promotion.
On the downside, the ICO has no working prototype, which is worrying as development has supposedly been going on since November. Also, their introductory video has a non-native English speaker explaining the video, even though several team members are from the US, and the project is “registered in the US”.
For the most part, we like this ICO – it’s got a useful premise, is ambitious in its goals but realistic in its timeline, and seems to have a fairly decent team.
They’ve already raised 32 million FID/USD, which is a good sign at this relatively early stage in the sale, and also meaning the team should have the funds to develop the platform.
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Honorable Mention
Mobeetel – Worldwide Virtual Mobile Operator
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