The FreeMartketToken(FMT) Roadmap and Token Sale

FMT Website

The FMT team has put together a very detailed roadmap for Q1, Q2, and Q3 of 2018. It includes the token sale in its entirety and expands further down the path to include smartphone apps and 3rd party platform integration. In this article, I’ll be exploring the details of the ICO and the projected roadmap for FMT, and attempting to provide a simplified overview of them both. You can find even more detail by looking through sections 5.0 and 9.0 of the whitepaper.

FMT Token Sale and Reserve Pool

Pie Chart of Total Token Distribution
The ICO for FreeMarketToken will be divided into two main parts. There are two Pre-ICO rounds and one main ICO event. The Pre-ICO is currently underway. 250 million FMT will be allocated over the course of all three rounds on a first-come, first-served basis until sold out. All things considered, the FMT ICO looks like a lot of the ICOs happening in the market. However, since FMT is being released to integrate with the Ecryptostore platform, an extra element has been added to the ICO to involve Ecrypostore from the very beginning.

When a new user signs up for a merchant account they will be rewarded with 1000 FMT. There will be 25 million FMT reserved for new merchant accounts, and the Reserve Pool will be ‘topped up’ frequently enough to keep the total supply of tokens “relatively constant.” Having a Reserve Pool with a constant supply for merchants allows FMT to be used for its intended purpose inside of Ecryptostore.

The use of FMT and Ecryptostore are being encouraged by the FreeMarketToken bounty program, more specifically the merchant sign up portion. There are currently 30 million FMT set aside for this portion of the program, which instructs users to create an Ecryptostore account to receive a referral link, which rewards the user FMT every time there’s a successful referral.

FMT Roadmap

The roadmap shown on the FMT Website gives a detailed layout of the project's timeline, and even goes as far as specific percentages completed each step of the way. The timeline below shows the ICO launch dates in all three segments. Right now the entire ICO is scheduled to end Aug. 7th, 2018, unless all tokens are sold out beforehand.

Moving forward we can see an entire list of the FMT team's goals. Shortly after the ICO token distribution, a multi-currency wallet will be released to be used with Ecryptostore, and FMT will be integrated with the e-commerce platform. After a few upgrades and official app releases, Ecryptostore will begin expanding globally.
Looking to get involved with the ICO? You know by now there’s still time to get in. The first Pre-ICO is sold out and the second is currently underway. The price per FMT token in Pre-ICO 2 is $0.0375 with a max contribution limit set at $40,000 USD per person. When the main ICO launches on July 7th, 2018 the price will jump to $0.07 per FMT.

Disclaimer: I earn FMT tokens to discuss with and educate others about FMT and Ecryptostore, and you can too! Anyone can join from now until August 15th. Let’s get the conversation started about buying and selling goods with crypto! Click here to join. Any quotations above cite the FMT website directly. This is not financial advice, and you should do your own research before participating in any sort of investment.

Links:
Bounty Thread
FMT Website
FMT Whitepaper
Ecryptostore
Author Account