Flying Money: Blockchain-based solution for creating and trading digital fiat-backed tokens
Global Tokenization of Financial Assets
CEO and Founder of Omni Plus Telecommunications a JV with ASX listed Omni Group one of Australia largest business telecom providers. Sold in trade sale. Established three national telecom businesses including, a nationwide Telstra Telecom Dealership. All three businesses sold in trade sales. Qualified Chartered Accountant with 25 years’ experience in finance and accounting. Senior Manager at Chartered Accounting and audit firm BDO and Ferrier Hodgson one of the largest specialist corporate turnaround and insolvency management firms in the Asia Pacific with specialist skills in Corporate Recovery, Corporate Advisory, Forensic Accounting and Forensic IT. Bachelor of Economics, Australian National University, Canberra. Private Equity investor.
Over 22 years’ experience in the telecoms industry holding key director positions in Telstra including Director Marketing Strategy; Etisalat Group, the Middle East’s largest telecoms conglomerate with a market cap of US$24b as Group Marketing Director with accountability across the 18 networks Etisalat operates in Middle East, Asia and Africa. More recently he was the General Manager Mobile for Optus SingTel managing the company’s 3 million mobile consumers with a revenue accountability of over A$2.2 billion. Karl holds a Bachelor of Commerce degree.
Founder, Prolitus Technologies. Information Technology Company with 200 staff providing IT solutions focusing on the banking, financial and health sectors. Designed and delivered blockchain and IoT solutions to international businesses. Founder Kamyab Ltd an e-commerce, digital marketing business and application management solutions with over 16 years applying cutting edge technologies in the finance domain. Passionate about the benefits of disruptive technology of blockchain, Digital Lending, Digital Payments, and the future of cryptocurrencies. MBA from IIM Lucknow in IT and Finance.
Executive Director and Head of leading legal firm McCullough Robertson’s Debt Advisory business. 35+ year career spanning international and domestic banking and financial institutions, including State and General Manager for HSBC and ANZ Banks with balance sheet responsibility of over $45 billion and management of over 400 staff and 100,000 customers, and Head of Corporate and Institutional Banking for National Australia Bank. Successfully advised start-ups through to global multi nationals, with his significant cross-border expertise and strong understanding of regulatory frameworks and capital structuring. Graduate of the Australian Institute of Company Directors.
VP Social Media Marketing
CEO and Founder of Cmedia Co. one of Japans premiere full-service digital agencies servicing a niche in cross border brand introduction and development. Adam rose to prominence in the digital media scene within Japan after establishing one of the first ecommerce and wholesale distribution companies for action sports sites within Japan. He has specialised in taking complex IT and technology service products to market, spanning traditional agency mediums of print to digital, social and smart phone mediums. BSc Aviation and Degree in Computer Science
Cost of the token1 token for 1 $
Price without discounts
Discounts and BonusesPre-crowdsale
- Ethereum Classic
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Estimate the project on a simple scale or switch to the five-point scale
Relevance of the problem and Market size
Founders, Team & Advisors
Budget allocation and roadmap
Token economy, Tokenization & Business model
Distribution & Lock up of tokens, Discounts for early buyers
Summary rate the project
Rate the project by other users2
The project aims to digitize financial assets, including currencies, commodities and raw materials. It Is an interesting idea of global tokenization of different types of assets and their attention to a single platform, through which you can monitor their condition.
Risks and disadvantages
I’m very interested in teoretical part of the project, but the practical implementation of such an idea will be extremely difficult, and perhaps unreal. In addition, the token price, which will be a measure of the value of each asset, will depend heavily on the exchange's conjuncture, which means that there will be high volatility and instability.
I believe that this project has no prospects, at least in the near future. There are many bugs, which together with unrealistic plans of the team will not allow the project to properly develop and grow. There is no real connection between the project's tokens and various assets, and the cryptoexchanges will lower the price of such a coin many times.
There are variety of social media where the project is outlined. Perhaps that is the only possible advantage.
Risks and disadvantages
The website is not sometimes offline. Roadmap looks very ''poor'', as only there are few stages mentioned. No information about soft and hard cap. There are also no discounts for early buyers. Platform has no advisors or partners.
I would not suggest to invest in this ICO. The idea is not clearly described. It looks like the team is running crowdsale just to raise money without developing the project.
How to contribute to the Flying Money ICO
Create an account by clicking the ICO Registration tab at www.flyingmoney.io/register
Login using your Email & Password - go to your Flying Money Dashboard
Select Wallet Type and enter your ETH Address to receive the FML Tokens into
Choose Payment type ETH or BTC – we give you an ETH address to Pay
Choose the Amount You wish to Contribute - Click Calculate – It shows how many FML Tokens you will receive inclusive of any bonus
From your Wallet Pay into the ETH Address we provided
You will receive an Email for the Order and another to confirm your order within 24 hours
Review your orders by clicking Order History
When is the token sale?
The Token Pre ICO will take place between January 31, 2018 - 12:00PM GMT and March 29, 2018 with the ICO commencing March 30, 2018 - 12:00PM GMT until May 18, 2018.
What currencies are accepted?
BTC and ETH.
What will the token price be?
Flying Money Token (FML) will be offered at USD1.00
How do I participate in the token sale?
You can participate by visiting the dedicated token sale pre-registration and contribute now tabs on our website www.flyingmoney.io These tabs will provide instructions and gather the needed information for your participation.
Is there a minimum or maximum investment limit?
Yes, the minimum purchase is 50 FML (US$ 50 equivalent). There is no maximum.
What wallets are supported?
You can use any wallet that supports Ethereum ERC-20 tokens, particularly Ethereum Wallet, MIST, MyEtherScan etc.
Will there be a KYC process?
Yes. The entire process is automated and should not take longer than ~4 minutes to complete.
Do I need to recomplete an application to increase my purchase?
No. Once your purchase is complete, you can increase your Flying Money Token allocation through the user portal on our token sale website www.flyingmoney.io
When will I receive my Flying Money Token (FML)?
Once your payment is complete and confirmed (12 confirmations for ETH, 3 confirmations for BTC) you will receive your FML tokens in May to the ETH address specified in your application.
When will Flying Money be publicly tradable?
The Flying Money Token (FML) will be publicly traded on at least five exchanges as soon as June 2018.
I’m a citizen / resident of the US, why can’t I participate?
Due to legal restrictions, citizens and residents of the US and US governed territories (unless you’re an accredited investor) and China are restricted from participating in the Flying Money Token sale. We recommend you understand your countries requirements regarding ICO participation.
Does the project have a soft and hard cap?
Yes, the soft cap is 5m FML Tokens and the hard cap is 65m FML Tokens.
I participated in the Token pre-sale. How do I receive my FML?
By May 2018 you will receive an email with the credentials for your personal account. Open your personal account on www.flyingmoney.io The system will ask you for your ETH address which will receive your FML tokens.
How do I sell my Flying Money Tokens after completing my purchase, can I refund my purchase?
The Flying Money Token cannot be refunded after a purchase is completed, but can be resold on exchanges starting June 2018.
What is Flying Money?
Flying Money provides currencies, equities, commodities and other financial assets and instruments as standard ERC-20 tokens on the Ethereum blockchain. Our digital tokens will be traded on global digital exchanges and backed 100% by an equivalent asset, held in an independent trust to protect customers and audited by one of the world’s leading accounting firms.
What are Flying Money Limited (FML) Tokens?
FML Tokens can be used to pay transaction costs when customers buy and sell currency tokens on the Flying Money website exchange. FML tokens used for transaction costs are destroyed. When customers pay their transaction costs in Cash, ETH or BTC Flying Money can use the proceeds to buy back and destroy an equivalent amount of FML Tokens. There is a constant demand and diminishing supply of FML tokens.
Why Digitize Cash into Tokens?
Digital Currency Tokens can be used on exchanges to settle trades between customers, pay invoices or remit payments anywhere in the world in seconds.
Payment gateway to enable consumers and merchants to transact seamlessly and a digital credit card enabling transactions with 42 million online and physical store locations.
Why should I use Flying Money
Safe: Tokens issued on a 1 to 1 ratio and 100% fiat currency backed
Fast: Developed on Ethereum blockchain allows for instant transfers
Cheap: Avoids costly banking fees and charges
Transparent: Independent trust audited monthly holds all reserves
Volatility: Provides diversification to better manage volatility
Stable: Reduces volatility by pegging digital assets to real fiat currency