There’s a little over a day left before the Fabric Token crowdsale comes to an end and now is the absolute best time to purchase FT. Here’s why:
1. MVP Live Demo
Just a few days ago we released a live demo version of the first component of the Fabric Token ecosystem – TokenGen. We have received nothing but positive feedback from the community and even better – a few upcoming ICOs have already expressed interest in using TokenGen for their token and crowdsale smart contracts.
Keep in mind that these results are from the demo alone. We can’t wait to release TokenGen 1.0 and later 2.0, which will really show the industry what the ultimate smart contract creator for the token economy is capable of.
2. Lay Fire to Unsold Tokens
After the FT ICO ends, unsold tokens from the batch allocated for the crowdsale will be burned. This will preserve the value of those that will go in circulation immediately after April 1st. So, current owners of FT can sleep soundly, knowing there won’t be any artificial inflation of FT’s value.
3. FT Price Pegged to $900 ETH
At the time of writing this article, one Ethereum costs around $380USD. However, the price of Fabric Token was pegged to ETH before the ICO started, which was then about $900 USD/ETH. 1 FT has been selling for exactly 0.000125 ETH (or 1 ETH equals 8,000 FT) for the entire duration of the crowdsale and this hasn’t changed and will not change until the end on April 1st. The rest? Well, the rest is simple math.
4. We Respect Our Community’s Feedback
Obviously, the crypto market has not been in its best shape over the past two months. It has slowed down quite a bit since its heyday back in December 2017 and January 2018 and it is obvious that it has gone into bear mode.
We have listened to our community and in order to protect Fabric Token’s value from dropping lower than its crowdsale price, though we don’t really expect that to happen, we have decided that FT will be locked until we announce a decent exchange listing.
When can you expect that? I feel like we respond to this question every day and we completely understand the community for repeatedly asking, so here’s the answer again, as quoted from a recent announcement:
Unfortunately, the process of listing a token is quite slow and unpredictable time-wise as most of the top exchanges are flooded with token and coin listing requests daily. The worst part is that we cannot share any news with our community until the exchange itself makes an announcement or we will lose our chances to get listed. You all know that we have been completely transparent since the start of this project and if we could say anything, we would. Unfortunately, we can’t for now.
The one thing we can say is that, we are well-aware that FT needs to be listed on a good exchange as the liquidity of the token is vital for the adoption and stability of the Fabric Token platform and you can be 100% certain that we are doing everything we can to get the job done.
We believe that locking transfers on FT is in the absolute best interest of all Fabric Token owners and with the upcoming upgrades to TokenGen in its 2.0 release, again, we see no reason why the token would fall below its crowdsale price.
5. This is Just the Beginning
The end of the Fabric Token crowdsale marks only the beginning of this project. With the ICO out of the way, we will now be able to focus all of our resources on developing the Fabric Token ecosystem. We have an amazing vision for this platform and we know that we can get the job done.
We are very happy with how TokenGen is unfolding so far, but we can’t wait to show the Fabric Token community and the whole blockchain industry, what DApp Workbench will look like and what it will be capable of. We’re really excited about that so stay tuned.
As for the Fabric Store, well, we all know that there are countless use cases for blockchain and, since we want the Fabric Token ecosystem to apply to as many of them as possible, we will need some extra help. This is where third-party developers and the Fabric Store collide to meet this demand.
Naturally, this is just a short overview of what’s to come. Who knows what we might come up with along the way as the FT platform and blockchain technology evolve. Undoubtedly, there are some really exciting happenings in store for us all as this disruptive technology slowly transitions into mainstream adoption.
Wrapping it Up
It has been quite a ride since we announced the project back in December, 2017. A lot has happened since then and we have to say, we are very happy with how things have turned out. Could we have done something better? Probably. As they say, there’s always room for improvement. Did we make mistakes along the way? Sure, we’re human as well.
But in the end, we think that we have formed a very active community, one composed mostly of people invested in the project itself, rather than focused on squeezing out a dime more than they invested. This habit of long-term thinking is something we value highly and we have aimed to apply it in all of our decisions concerning the Fabric Token project. While short-term thinking can lead to a good bottom line, it tends to be disastrous in the long run. It must be evident by now that we are in this for the long run.