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Farad (FRD)

ICO

FARAD is an attempt at providing a new novel way of commoditising Intellectual Property Rights related to a set of technologies related to metal oxide based ultra-capacitors development and production. The approach taken here is by introducing forward contracts based on the manufacturing application of the technology, and how these forward contracts are structured as the underlying assets of a digital commodity.

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Overview

Project industryFinance Services & Banking
Product typePlatform
FoundedUnited Arab Emirates
WhitepaperFarad White Paper Open

Technical details

Ethereum erc20 standard token.

What is Farad

- Transparency - FRD value dictated by physical ultra-capacitor production - Combination of several high-growth industries - Automatic contract execution - Irreversible transactions - No intermediaries

Details

Pre-sales: Aug 25, 2017 - Sep 30, 2017
Public sales: Oct 01, 2017 - Oct 31, 2017
Token supply: 183,333,333 FRD
Total tokens for sale: 1,280,000,000 FRD

Token info

Ticker: FRD
Dividends: No dividends.
Token price in USD: 1 FRD= 0.125 USD
Accepted currencies: BTC, ETH

Farad Roadmap

1
25 August2017

ICO Pre-sale Launch

2
15 September2017

ICO Launch

3
30 September2017

ICO end date & Production Line 1 Testing & Commissioning

4
01 October2017

Start production of UCC

5
07 October2017

FRD Issuance

6
30 October2017

Start production of line 2, 3, 4.

7
20 December2017

Production under Forward PurchaseContract Starts

8
20 March 2018

First Quarterly Buy-back

Project team

Dr. Wan M Hasni
Dr. Wan M Hasni
Chief Executive Officer, Farad Program
Rashdan Ibrahim
Rashdan Ibrahim
Financial Advisor, Farad Program
Richard Imran Ding
Richard Imran Ding
Legal Advisor, Farad Program
Hisham Ismail
Hisham Ismail
Chief Cryptoken Officer, Virtue Fintech FZ LLc
Azli Noor
Azli Noor
Independent Auditor, FARAD Program
Wee Yen Ye
Wee Yen Ye
Independent Compliance Manager, FARAD ProgramAdvisory Board

Advisors

Muhamed Catic
Muhamed Catic
ChairmanAdvisory Board
Dr. Abdulla Mangoosh
Dr. Abdulla Mangoosh
Vice Chairman
Tony Morris
Tony Morris
Board Member
Dr. Yao Peizhi
Dr. Yao Peizhi
Board Member

Social media

Farad web-siteFaradYouTubeFarad TelegramFarad InstagramFarad BTCTalkFarad TwitterFarad FacebookFarad Github

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