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Ratings Fieldcoin

Exchange and Manage Farmland from IT Devices

Fieldcoin is disrupting a market of more than 10 trillions USD, enabling everyone to own and manage farmland from distance. Agricultural land is the most stable asset of all over the last decades. Fieldcoin tokens contrast with other utility tokens in providing a Trade Back rate on the Fieldcoin platform stabilizing its price during bear markets. When holding Fieldcoin tokens, you will not only be able to buy, sell and manage real land properties in the form of non-fungible tokens, but also access full ownership and control over the production by tracing all the levels of inputs and outputs of chemicals applied to your soil. This platform will be build for the people, empowering everyone on Earth with land ownership rights. During the FCO (Field Coin Offering) users will already be able to buy land properties with their tokens. In exchange for their Ethers, Bitcoins and Fieldcoins, holders will receive LANDS non-fungible tokens (ERC721) representing an agricultural land.

4.0
4 3 expert ratings
Benchy 3.8
KYC
Experts
4.0
4.2
4.5
Review: coming soon PRO
Ended
2019-05-22 - 2019-07-11
Starts in 50 days 4 hours
2019-10-08 - 2020-02-12
Token
FLC
Type
PreICO Price
1 FLC = 0.05 USD
Price
1 FLC = 0.05 USD
Bonus
Available
Bounty
MVP/Prototype
Platform
Accepting
ETH
Minimum investment
100 USD
Soft cap
3,000,000 USD
Hard cap
31,000,000 USD
Country
UK
Whitelist/KYC
KYC
Restricted areas
USA, China
Visit ICO website
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Changelly

Ratings

All ratings published on ICObench serve informational purposes only. ICObench does not provide investment forecast, recommendations or any consulting for that matter. Thus, neither ICObench, nor the experts can be hold responsible for the visitors’ investment decisions. Read more
Daryl Naidoo
Founder-Promethean Dynamics |Blockchain Advisory Council |Alliance of Blockchain Professionals |Blockchain Association of Africa |Bitnation Ambassador
Rated on May 9, 2019
4
4
5
22%

This is a really interesting project and one that I have been watching closely.

They have a strong team and an excellent blockchain use case.

Look forward to seeing this platform developed and implemented .

Agree
-1
-1Disagree
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Jérémie Abric
ICO Advisor | ICO Communications Expert
Rated on Mar 4, 2019
3
4
3
11%

I like the global vision of the team on land:
- make it easy to buy, to find a manager, or to sell
- make it easy to get crowlended for an agricultural project
- track the life of the lands (intrants, etc.)

Well managed lands will probably earn value in the following years, as they are limited. The land business will probably increase in the future, and be a real alternative to other financial assets, so going on the market now is a good strategy.

Blockchain is indeed a great use as it brings trust on these exchanges and speed on the transactions (instant buy/sell without dealing with administration).
They seem to be using an offchain/onchain system to make it possible : onchain with unique ERC271 tokens and offchain with paper contracts with the company.
People will not technically own the land, but a % of the company who own the land.
- They say that the owner of these % of a company will own the portion of the land he really bought (and no other land that the company own) but it needs to be clarified
- They say there is some contracts to ensure that, should the company go bankrupt, the land would still be safe and belong to the buyer. This too needs to be clarified.
=> At first the use of the blockchain seems very fluid, but the legal obligations and contracts might make it a little bit more tricky than just sending a token. I’m waiting the MVP to see more what’s happening and maybe increase the grade.

They want to create two financial systems to take advantage of the bull runs and limit the impact of the bear ones. They will capitalize on the period when the token price rises (minting small amount of tokens and sending them to the reserve) and give back some token to land buyers during bear markets (to defend the token price).
These two complementary systems seems cleverly thought and do require a Fieldcoin token. But we may think that using a stable coin would have been easier and safer.

Strong experise of the CEO on Agribusiness and trading…
But the whole team seems quite junior which may be a concern.

No mention of competitors, be it on cryptocurrency or not, while there actually is some (maybe at local levels).

Whitepaper somehow confusing : would need to go more straight to the point, priorize the information and avoid repetitions. It may bring confusion on what they really want to achieve: land business? Trading safe asset during bear period?
No technical diagrams.

9% of the tokens for the team (that is ok), 75% goes in land buying and development that is correct (should be more if they raise high).
Soft cap is 3 millions, but they need 5 millions to really start buying land. I would have expect them to start the soft cap at 5 millions then. As they will use lot of money to buy lands, that seems quite reasonable.

TWO MASSIVE CONCERNS
Start their sale with a +100% bonus for the buyers. Even if they say it is for a limited amount of token (1 M$) it’s huge in my opinion, as we don’t know how many tokens will be sold in total (soft cap is 3M$). That is a real red flag.

Fieldcoin use 2 tokens, one ERC721 (security token) and one ERC20 that is used buy land, but also crowdfund agribusinesses, make collateral deposit loan... it is unclear whether the ERC2O token is a utility or a security (team says it’s a utility but experts may demonstrate it is a security) as we are in a grey are… that may be a problem.

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0
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Julien Trottier
ICO Advisor Researcher and Analyst
Rated on Dec 19, 2018
5
5
5
9%

This is a very good project that I have been following for more than a year and it is growing very fast.
The team, vision and perspectives of this project are very good.
The MVP is ongoing and should satisfy future investors

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0
Disagree
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Benchy
ICO analyzer bot
3.8
58%

Experts are independently and voluntarily contributing to the community. If no expert has rated the ICO, only ICO analyzer's results are used. Always research before investing as these ratings should not be taken as an investing guide of any kind.

Ratings and ICO analyzer results are being updated (re-calculated) every few hours.

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