Quote from: dafew on August 09, 2017, 02:26:06 PM

ICO ANNOUNCEMENT

FARAD Cryptoken - Revolutionising The Future of Innovation

FARAD Ltd. (FARAD) is pleased to announce the launch of its Farad Cryptoken Initial Coin Offering (ICO) starting with the ICO Pre-sale Program on 25^th August 2017, to be followed by the ICO Sale Program either starting on the 15^th September 2017 or earlier depending on demand received during the Pre-sale program.

In launching its Farad Cryptoken (FRD), FARAD will successfully bring together two technological innovations: Ultra-capacitor and Blockchain.
The energy storage innovation which FARAD and its technology partners represent is in the invention, manufacturing and delivery of high-end ultra-capacitors, while the Blockchain will be based on Ethereum ERC20 Smart Contract.

FRD sets itself apart from other cryptocurrencies since it is backed by real economic cash flows. Each FRD represents a right to the forward production of Ultra-Capacitor Cells (UCC) defined by the millifarad (mF) of the UCCs.
80 million UCCs will be manufactured over a period of 36 months, producing a total of 1.6 billion mF.

FRD will be offered for sale based on the timetable below:

ICO Pre-sale	ICO Pre-sale program which will be conducted over a maximum period of 21 days starting from 25^th August 2017, 13:00 GMT till 14^th September 2017, 23:59 GMT

ICO Sale	ICO Sale program will start from the closing of the ICO Pre-sale program or over a maximum period of 14 days from 15^th September 2017, 00:00 GMT till 30^th September 2017, 23:59 GMT

ICO Sale Volume	1,280,000,000 FRD

Total Issue Volume	1,600,000,000 FRD

Distribution of FRD	For every 100 FRD sold in this offering, 25 additional FRD will be issued and retained for sponsor, team members, partners and advisor

FRD Offer Price (ICO Pre-sale)	0.0005921 ETH / 0.0000559 BTC

FRD Offer Price (ICO Sale)	0.0006579 ETH / 0.0000621 BTC

Website URL	https://farad.energy

FRD Issue Date	7 days after the ICO closing date

First Quarterly Buy-back	20^th March, 2018

Issuer	Farad Ltd., Hong Kong SAR

Program Executors	HK Beidou Aerospace New Technology Co. Ltd. Hong Kong SAR & Guangxi Beidou Aerospace New Technology Co. Ltd., Wuzhou City, Guangxi Province, PRC

Program Manager & Blockchain Developer	Virtue Fintech FZ-LLC, Dubai, UAE.

GitHub URL	https://github.com/VirtueFintech/FaradCryptoken

The interested individuals can participate with BTC & ETH through FARAD official web-page https://farad.energy.


Company Name	Farad Ltd., Hong Kong SAR.

Email	corporate@farad.energy

Twitter	@faradcryptoken

Facebook	faradcryptoken

Instagram	faradcryptoken

Slack	faradcryptoken.slack.com

what is the relation between the UCC and Farad itself?

Zolwaski

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