Faba is a project that uses blockchain technology to disrupt concept of venture capital as we know it now. Its goal is to create a modern system that makes investing through (FABA) token transparent and accessible for non-accredited investors. The team has identified several target segments with most potential for investors: biotech, foodtech, AI, robotics and more.
The Whitepaper sets the investment horizon at 8 years; however, dividends will be paid to token holders continuously during the investment period. Your dividends will no longer be tied to the classical general board meeting and a once-a year payout. With FABA venture investing is a two-way street: a voting mechanism will allow token holders to inspire start-ups with first-hand feedback and make decisions on new investments in cooperation with Faba team.
What’s the main goal of FABA ICO launch? The majority of funds raised during ICO will be invested into carefully selected projects and startups (around 60.95 M tokens). The rest will be allocated to administration, marketing campaign, software development etc. The ICO Bonus program is described in detail of the project's official website.
Founded: 2018, Estonia
Start: 6 June, 2018
End: 30 June, 2019
127 days left
FABA started token sales 9 month ago and with current pace of $2,5 something I doubt the $6 million had cap will be reached. Though I read they rely on 20% commitments from private investors, like business angels, I still wonder if the will be continuing the project if they fail to reach the targeted hardcap? And one more question, do you know any of the projects they have already poured money in? Where to check them?
January 2019 is ICO time for FABA! If you've missed the 40% and 20% bonus times, the token price of $1 may look rather expensive now, compared to other ICOs. Though the team looks pretty trustful, you'd better do your own good due diligence check before going for this one.
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