Scam or not: Future Coin Light – are they serious?

02/27/2018

Review by the team kript.io
What is Future Coin Light: a self-regulated payment network.
Project: the network claims to allow transparent p2p transactions without counterparty involvement. All transactions will be secure and governed by smart contracts. The advertising network is promised to be the first e-commerce project on the platform which will allow creating and hosting advertising campaigns integrating them into different sites and benefit from participation in the partnership program. Future Coin Light will be a trading platform providing an instrument for getting profit from price fluctuation of Future Coin. Future Coins will also be a tool for investing in the lending platform in order to receive a daily profit on the sum of investments with up to 38% interest rate per month. Future Coin Light promises to offer an ICO platform that will allow carrying out ICO campaigns fast and safely. The project has referral and affiliate program that includes 7 levels with up to 8% bonus.

Country: Latvia.

Website:
futurecoinlight.com

Analog: Ripple, Nano, Monetha

How they differ from the competitors: Future Coin Light promises to be the only payment network with such diverse combination of tools.
Date of ICO: March 5 — April 9, 2018.

Token price: 5 price levels from $0,8 to $1,6 per 1 FTC.

Terms of sale: no information.

What their token gives you: an internal currency.

What will happen to tokens: in total, they will issue 32 million tokens without the additional emission. 5 million tokens will be distributed during the ICO.

Token allocation:
5 million — sale.
27 million — no info.

How much they want to raise on ICO: no information.

Where the money will go:
30% — investors;
30% — project development;
20% — maintenance;
20% — advertising.

Team: no information.

Advisors:
no information.

Free tokens: no bounty program, no free tokens.
Roadmap
March 5 - April 9, 2018

ICO
May 2018

Lending platform and trading platform launch
June 11, 2018

Entering the global market
September 3, 2018

Payment system launch
October 8, 2018

Advertising network launch
December 17, 2018

Global report


Communication:
facebook: 17
telegram: 8
Why scam
Future Coin Light looks like a blatant scam at all points. Their ICO is missing all essential information and drawing our attention to the possibility of getting easy money with the high interest rate for lending, referral program, and predictions of considerable token value growth. The roadmap also looks rather strange as it shows the concrete dates of each event such as May 7, June 11, September 3, etc. Quite difficult to believe in such elaborate plan.

Concept: ★☆☆☆☆
The idea of developing a decentralized payment network with some e-commerce instruments is quite clear as there is nothing new about it. Though the combination of tools with vague description makes it difficult to understand what the central concept of the project is. They provide neither information on how they are going to achieve their goals nor a working product.

Token: ★☆☆☆☆
They issue 32 million tokens, but only 5 million will go to an ICO. What will happen to others then? The groundless price prediction described in the white paper shows the token rate growth up to 3500% by the end of 2018. Wait, what?

Crew: ★★☆☆☆
There is no a single word about the team and advisors.

Communication: ★☆☆☆☆
The links to most of their social networks don't work. The number of readers on Facebook and Telegram is ridiculous.


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