Analysis upcoming new ICO: FoxTrading

I came across this new company while breezing through bitcointalk. Many new companies which are raising ICOs are related to smart trading. As the number of investors in the crypto space is increasing there would be a natural demand of such type of intelligent trading platforms that can assist investors/day traders etc in managing their investments.

What is FoxTrading?

Fox Trading platform is a trading platform for assisting investors by giving trading signals to invest in forex and cryptocurrencies. The services can utilised using FXT tokens. New users have to buy certain amount of FXT tokens to access the platform. The FXT tokens can be used to cover the transaction fees. The platform will be available as a desktop dashboard and iOS/Android app.

What makes it different?

It will have features/architecture for smart trading i.e 100% hands-free autotrading system that eliminates the psychological effects of trading. The FXT token is a deflamatory token i.e aft her every payment made in the Fox Trading platform by the new users with FXT tokens, a small amount of that tokens is going to be burned.

TEAM, ADVISORS & INVESTORS

They have a tem of 7-12 developers and have hired experts for developing different parts of the trading algorithm. They are having experienced ICO advisors, crypto experts and investors as their advisors.

ICO STRUCTURE

For those who are looking to invest into this project, they have their pre-sale and crowdsale coming up. Contributions only in ETH(ether) are accepted. They have a soft-cap of $0.5 million and a hard-cap of $10 million.

There a total number of 50,000,000 FXT tokens. 70% of the total tokens are allocated to investors, 15% for developers and company reserve, 10% for rewarding advisors and 5% for bounty.

There is a bonus of 50% for pre-sale participants. The main sale participants can get upto 20% bonus depending upon how early they have invested.

During pre-sale, the price of 1FXT = $0.34 and during the main sale, it's 1 FXT = $0.68.

SOCIAL MEDIA PRESENCE

They have started marketing themselves from Jan 25, 2018. So their social media presence is not that huge. They have 1700+ members in their telegram group, 3300+ followers on twitter, 3700+ followers on Facebook and 4100+ followers on Instagram.

CONCLUSION

The final platform will be available by Q1-Q2 2019 according to their roadmap and if all the things go according to their roadmap. Currently they are developing the trading algorithm.

Since FXT token is a deflatory token, there will always be an increase in the price of the token as the demand for using the platform from new users increases. ICO investors will have permanent and free lifetime access to the platform.

If you are interested in participating in the ICO, the whitelist is now open. The pre-sale starts in a day.

DISCLAIMER: Please do read the whitepaper, join the telegram channel and do your research before investing as ICO investing involves high risk. I shall not be deemed liable for any profits or losses. Thank you!

My bitcoin talk profile: https://bitcointalk.org/index.php?action=profile;u=1330116