A lot of my youtube viewers ask for interesting ICO opportunities. This one came on my radar from a news article I found. On the first day, they've raised about 1 million in crowdfunding. The ICO lasts 30 days, but there is a hard cap of about 9 million dollars to raise.
Hard-cap ICO's tend to fair better for ICO investors because if the cap is reached and the project ends up carrying a higher market capitalization, then investors fair very well. ICO Goal thus far:
Distribution Analysis
From their whitepaper we see the allocation of tokens:
Token Distribution
– 71.25% will be available for sale to the general public.
– 12% will go to the Fabric Token core team and will be released after 12
months.
– 8.75% will go to the Fabric Token strategic advisors and will be locked until
the end of the FT launch.
– 7% will be allocated to advisors and released after 6 months.
– 1% will be used for the bounty program
In other words, if they raise the full 9 million amount, this will peg their total ICO market capitalization at something like $12.5 million USD roughly. To me, this is a very small market capitalization for a project getting a little news coverage and raising $1 mil within 24 hours.
The top 100 cryptocurrencies all exchange in excess of $100 million right now, and a lot of them are total junk. This may be a junk project too, but participants get an ETH token which will presumably be on some exchanges. So long as this token finds its way to a few exchanges, my guess is that post-ICO market capitalization will be in excess of $40 million USD. It could easily reach near the top 100 and find $100 million USD in market capitalization. This could be something like an easy 4x to 8x.
Website: https://fabrictoken.io/token-sale/
Disclaimer:
I make no guarantees this token is legal in your local jurisdiction. I was not paid by FABRIC Token as of the date of writing this. This is not investment advice. All investments entail risk, do your own research. This article is for informational and commentary purposes only. If you act on the information provided in this article, you agree that all contributing parties to this blog will not be held responsible for your actions. Information is provided as the date of writing this article and may not be true.
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