Tech based banking from the future with Fast Invest
Website: https://fastinvest.com/en
Today, the world’s financial economy is considered as the fastest growing economies. The financial sector is growing at a revolutionary pace where technology is one of its biggest contributors. Fast Invest’s objective is to create a smooth, intuitive and effortless alternative to our everyday banking habits, avoiding the complications in the bureaucracy mechanism.
We are doing this by creating a crypto currency that enable people to move money around using a high processing speed at a low cost. Users can make P2P(Peer 2 Peer) investment, use it as e-money wallet, and currency exchange, borrow, invest in crypto as well as fiat currency without having to have too much knowledge in it.
Fast Invest Business Model
We have about 8500 plus customers across Europe with 50 plus employees. Our system works in a way where we continuously is updated to ensure that it meets the client’s needs. Our differentiating factor is that we have a very low cap for P2P investment market. The investment can start at something as low as 2 Euro. Our new age technology helps us function in a cost effective at that banks cannot avoid.
How Does The Platform Work?
The first step is to that the borrower receives a loan where post confirming the terms and conditions, they receive the loan offer Here, the fast investor does not lend funds to borrowers. Then the servicing of loans begin, post which the borrowers make regular repayments following the terms and conditions of the creditor. In the fourth step, when they receive payments, funds are automatically transferred to the customer account.
Token Sale
To enter the crypto currency community asset, the member has to purchase a minimum of 1000 Fast Invest tokens. Also, the first 1000 members get Fast edition payment cards. Fast Invest uses FIT tokens (Fast Invest tokens) for their crowdsale participants. We create smart contracts using openZeppelin framework and a total of 777 000 000 tokens are to be created and issued for the participants. The token sale begins on December 4th, 2017 10:00 a.m. London time and will be distributed until January 31st, 2018 3:00 p.m.
Regarding discounts, tokens will be issued at a 20% bonus for the early participants. The cost of the Fast Investment tokens will be at 1000 FIT = 1 ETH. We only accept Ethereum as a payment method during ICO.
Website: https://fastinvest.com/en
Budget allocation
We are a company that has been operating for over 3 years with 8500+ daily users across 36 European countries. 25% of our operational costs such as salaries for the management team and the employees is covered by our funds. We make sure to pick employees who not only experts in their domain, but also add to the working culture of the company. Marketing and sales takes up 25& of our costs. The focus is to make the strong contracts, partnerships and other growth-related expenses. Another important chunk which is 30% goes towards product development and expansion of new product and services. A research and development and legal expense forms a small percent of our allocation.
To know more visit:
Website: https://fastinvest.com/en
Whitepaper: https://fastinvest.com/documents/fast-invest-whitepaper.pdf
By: karanj
Btalk profile: https://bitcointalk.org/index.php?action=profile;u=1030341
Hey Karan, have you invested? There are so many ICO, spreading like cockroaches.. how can one be sure if its a good one?
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