Currency trading digital or known as cryptocurrency lately increasingly widespread. One of the new digital exchange rates is Farad Cryptoken which deliberately held its first coin offer roadshow to Indonesia on July 31 and August 1, 2017 at Financial Club Jakarta.
Farad Cryptoken (FRD) is a new cryptocurrency currency that will be introduced to the market and will be officially launched at The Ritz-Carlton, Dubai International Financial Center on August 7, 2017.
Wan M Hasni, Farad's Program Chief Executive Officer, said the unique claimed cryptocurrency implements two new technological innovations: Ultra-capacitor and Blockchain, combining two of the most powerful industries of Energy Storage and Internet & Telecommunications.
"The launch of the FRD will begin with an Initial Coins Offer for pre-sale that will take place from 7 to 30 August 2017, and will be followed by official prime deals from 30 August to 13 September 2017, of which 1.28 billion FRD will be offered for sale," he said. in a press release received by Bisnis.com, Thursday (3/8/2017).
For information, Cryptocurrency itself is an invention on the internet, which is a digital currency that operates independently without central bank intervention. The idea is how to create a system, where money is not bound by geographic location, like the Internet.
Wan Hasni explained, Farad is different from other crypto currencies because it is supported by real economic activity and cash flow through the manufacture of advanced ultra-capacitors with factory default settings. Farad's energy storage innovation is in terms of finding, manufacturing and delivering ultra capacitors, while Blockchain is based on the ERC20 Ethereum Smart Contract.
The FRD is claimed to have strong economic fundamentals and is the first of its kind among the crypto currencies currently available in the market. Farad said it aims to enable currency holders to have a unique and secure access to the ultra-capacitor market by narrowing their membership to the early stages of its ultra-capacitor manufacturing process.
To achieve the above objectives, the public will be offered the opportunity to have FRD. In the near future, the public will be able to purchase Farad ultra-capacitors using FRD from Farad Store online. Each FRD represents the right to future production of Ultra-Capacitor cells ("UCC") determined by milifarad ("mF") of UCC. A total of 80 million UCC will be produced over a 36 month period, generating a total of 1.6 billion mF.
Any ultra-capacitor manufactured by the manufacturer will be recorded in the blockchain system, which will ensure a fully transparent, accountable process and can be audited by anyone at any time, using Blockchain common records. This will provide trust and security for FRD customers.
The global ultra-capacitor market is estimated at USD 8 billion by 2024, rising to USD 9.88 billion by 2025. For years of Research and Development, the Farad team believes with the discovery of a unique ultra-capacitor capable of outperforming other ultra-capacitors there is.
Farad's Ultra-capacitor is a breakthrough device based on proprietary electrochemical technology that bridges the performance gap between the battery and the capacitor. This product has been designed to enable technology companies to solve many of the most challenging power and cost management issues.
Among the unique characteristics of the Farad ultra-capacitors include the smallest and thinnest in the world with the highest power density and the fastest rise time of all ultra-capacitors. The ultra-capacitor is capable of supplying a hundred times the power level that a battery can reach and storing energy a hundred times more for a given volume than a conventional capacitor.
FARAD Ultra-capacitors can be deployed across portable resource areas such as Wireless Telecommunications, Portable Power Tools, Automotive, Solid State Disks (SSD), Internet of Things (IoT), Robotics, Medical, Military Weapons, Mobile Propulsion, and Electric Vehicles and Hybrid Electricity. Farad Ultra-capacitor manufacturing factory is located in Wuzhou City, Guanxi Province, China measuring 20,000 square meters.
Funds collected from the implementation of ICO will be used for equipment purchases, procurement of raw material stocks (metal oxides and carbon-based materials), funding of wealth protection