Fox Trading ICO Review

in #ico7 years ago

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Fox Trading's ICO is an interesting project, and in my personal opinion highly underrated. So why isn't this project hyped like most others? Let's take a closer look.

Fox Trading? What's that?

It is highly likely that you haven't heard about this project yet. So I'll start with a short introduction. Fox Trading is an online trading platform for fiat currencies and cryptocurrencies. It's being developed by the company Fox Binary Signals, an existing binary options trading platform that launched 2 years ago, and have an average of 1500 active daily users. They also have 10k+ app downloads and an accumulated gain of 350%.

What does Fox Trading have to offer?

The Fox Trading Platform offers 3 main services:

1. Exclusive and easy to use trading signals
2. Guaranteed profits from their Trading Pool
3. Access to full autotrader service to copy their investments

Through a desktop Dashboard and iOS/Android app, ICO investors will get lifetime access to the exclusive and easy to use Fox Trading service, where they will receive signals for trading and also access to the benefits of the Trading Pool. They also offer an autotrading service to investors where they will be able to copy the system signals automatically.

The services described above are going to be paid services, and new users who did not partake in the ICO will only be able to gain access using FOXT tokens.

Fox also advertises the following features:

  • Exclusivity: Fox Trading claims that one of its keys to success is its exclusivity: the service is only available to a limited number of users.
  • Experienced Team: Fox launched its binary options trading platform two years ago. The platform has 1500 users.
  • Smart Trading: Fox Trading has an automated trading system that will make you easy, daily profits through automatic trading with no manual trading required.
  • Multi-Platform Service: Users can access Fox Trading through an iOS/Android app or through a web dashboard for desktop users.
  • Security and Low Fees: Fox Trading guarantees security and low fees through the use of blockchain technology.

The Fox Trading team

Fox Trading is led by Sergi Fernandez (CEO and Co-Founder), an entrepreneur experienced in forex markets. He’s also the CEO of Fox Binary Signals.

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Other key members of the team include Roger Casanellas (CTO and Co-Founder), a financial expert who is also the co-founder of Fox Binary Signals. Marc Garcia the development manager. Gerard Sole, the applications developer & Jaume Pina, a forex & stocks trading expert.

The team is based in Barcelona, Spain.

Fox Trading ICO details

Fox Trading is issuing a token sale for its Fox Trading Token, or FXT. There’s a soft cap of $500,000 for the sale and a hard cap of $20 million. FXT is an ERC20 token on the Ethereum blockchain.

Tokens are priced at $0.50 to $0.68 during the token sale. As an FXT token holder, you gain access to the Fox Trading platform. You’re also eligible to receive 75% of the benefits earned by the trading pool.

70% of the total supply of FXT tokens is being distributed during the crowdsale. The remaining tokens are allocated for a company reserve (15%), advisors (10%), and bounties (5%). There’s a total supply of 50 million FXT tokens. The pre-sale is taking place right now, with the main ICO scheduled for March-April 2018.

The pre-sale is currently live with a 50% bonus: https://foxtrading.io/

Benefits of investing in the FXT Token

As an investor you are interested in the potential of a coin, so I will list the most important benefits of holding the FXT token down below.

  • Exclusive and lifetime access

ICO investors will have permanent and FREE access to the Fox Trading platform as long as they hold the tokens, receiving trading signals, Trading Pool profits equalt to their investments and the autotrading.

The service will have a limited number of users to maximise robot performance and profits, dependent on the number of tokens sold during the ICO. All unsold tokens will be burned.

  • Increased Token Demand

Based on their experience with Fox Binary Signals, they have determined that interest in their trading algorithm increases every month linked to it’s profitability. Additionally, new users will need to purchase tokens to gain access to services and current users will need to hold it to keep the lifetime access. All these points combined create an unstoppable demand and drive up the price of the FOXT token.

  • Deflationary token

After every payment of FOXT tokens made on the Fox Trading platform by new users, a small amount of those tokens will be burned, making the Fox Trading Token a deflationary currency.

This mechanism ensures the growth of Fox Trading token value which will incentivize long-term holding of the currency by investors.

Conclusion

The Fox Token will most likely not be a x100 token anytime soon, but does offer some very interesting incentives for people interested in cryptocurrency trading. With a very low soft cap (which has already been reached), investors can be assured that the project will pull trough. And with them having a lot of knowhow about trading services and platforms due to their former company, there's a good chance that they will create a good and user-friendly platform.

In terms of profitability, I do see this token rising in value steadily. With a limited number of tokens on the market, tokens being burned & the urge from newcomers to buy tokens to get access to the platform.

Personally I will be investing in this project, as I am very curious to see if they can make my daytrading a lot more effortless, and ofcourse, to see my investment grow overtime.

Want to buy FOXT tokens? Get them here: FOX Trading ICO

More information

Fox Trading Website
Fox Trading Whitepaper
Fox Trading Bounty Program

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