The pre-money valuation of the company is USD $5,000,000.
The post-money valuation of the company is USD $15,000,000.
USD $10,000,000 approx. Refer to white paper at https://www.factrpay.io/ for more details on soft and hard caps.
Refer to white paper at https://www.factrpay.io/ for more details.
Tokens sales does not relate to equity-based fundraising.
These investment tokens are for platform development, sales, marketing, business development, and operations related activities.
Not applicable – please see Question 4.
The lock in period is no less than 30 days and will last no longer than the period of Sept 1 – Oct 31, 2018.
No, there is no time limit restriction on the sale of the tokens.
There are no penalties to sale or trade/transfer.
For details or for investor relations/communications, email firstname.lastname@example.org.
With partnerships and a string business pipeline in ground, air and sea freight, we are expecting revenue and associated budgets in the range of USD $50,000,000 to USD $100,000,000 within 3 years.
FactR and the RoadLaunch platform have signed letters of intent with:
FactR and RoadLaunch are also IBM Business Partners under the IBM Cloud Partner Program for Embedded Solutions. IBM has many different types of partners. We fall under the category of ISV (Independent Software Vendor).
Our target customers are:
These customers require end-to-end visibility and transparency into their supply chains. RoadLaunch provides this through the FactR utility token, which allows for real-time analytics, automation and the orchestration of digitized trust across the system (e.g. digital traceability, immutability of records, instant settlement)
While there are many “digital freight” companies in the market, no single solution takes advantage of the Hyperledger smart contract solution for:
For details on the management team, please see Factrpay.io.
As a Certified IBM Partner, we are currently in the process of alignment of our technology and business models to the enterprise engagements of IBM and Joint Ventures such as Maersk, Walmart and others.
No, FactR is the digital wallet solution for commercial invoice settlement. Organizations are encouraged to use the FactR product, but it is not a firm requirement for the entire platform.
We currently have a strong leadership team and board, however, it is anticipated that, with the strong attention and partner pipeline we have in place, the board may grow with added advisors/shareholders.
We are currently working and are fully focused in bring our next generation platform to market no later than Q3 2018, with out digital wallet solution in early Q4 and air and sea freight by December 2018.
With even the first customer using the FactR digital platform, we will be revenue generating. Based on the projections mentioned above, we expect that to be in Q3 2018.
Licensing models are still being reviewed and there are no plans for licensing at the time of this writing.
We have worked with several advisors and with the consideration of the offering, the RoadLaunch platform adoption and by looking at similar token offerings, we have valued based on a multi-criterion scoring matrix.
The RoadLaunch platform has several features that allow us to know who our customers are (aka Know-Your-Customer or KYC) and then validate them via APIs (Application Programming Interfaces).
An example of this is our transport carrier validation that uses operator license with an API. Based on that, we know in real time, that the carrier is a valid operator.
For shippers, we have a mechanism in place (by way of a finance partner) to validate them via credit checks and partner history. By doing this, we know who we do business with and have a high level of confidence in past transaction history via Blockchain data. In other words, there is full end-to-end transparency and no anonymity, so we know who our customers are.
FactR is a utility token, on the Stellar platform, which is approved in New York for exchange transactions. We are also working with a finance partner to attain SEC compliance for FactR.