ICOrating

FASTINVEST Basic Review (https://fastinvest.com/en/ico)

ICO dates (04.12.2017 — 31.01.2018)

Web: icorating.com

Email: info@icorating.com

Twitter: @IcoRating

Links

Project details

Name: Fast Invest

Ticker symbol: FIT

Project type: Platform, Investment, Banking

Extended company

description:

Fast Invest is a platform for P2P investments, with an annual return of 8% to 15%, providing a wallet for electronic money, currency exchange and payment cards.

[1]

Company: FAST INVEST GROUP OÜ

Website: https://fastinvest.com/en/ico

Whitepaper: https://fastinvest.com/documents/fast-invest-whitepaper.pdf

ICO details

Public ICO launch: 04.12.2017

Public ICO end date: 31.01.2018 [2]

Crowdsale duration

(weeks): 8,3

Token type: ERC-20

Token supply: 777 000 000 [2]

Tokens available for

purchase (Pre-Sale

+ Public ICO):

388 500 000

The purpose of

attracting

investments:

[2]

1 FIT price: 0.001 ETH

Accepted payments: ETH

Bounty: The program starts on December 4, 2017.

Token role: Functional

Team

Team (number of

people) 50

Advisors and

partners (number of

people)

N/A

GitHub: https://github.com/Fast-Invest

Social media

Twitter: Posting: 55, Subscribers: 2222

Telegram: Subscribers: 860

Medium: Posting: 21, Subscribers: 32

Linkedin: Subscribers: 24

Facebook: Subscribers: 1623

Youtube: Posting: 8, Subscribers: 16

Project information

Fast Invest is a platform for P2P investments with an annual return of 8% to 15%,

providing a wallet for electronic money, currency exchange and payment cards. [1]

Fast Invest is launching a blockchain platform that offers its clients the opportunity to

lend and invest in consumer loans issued in European countries; the platform also

allows basic daily banking operations by combining fiat and crypto currency: Lending,

borrowing, investments and payments.

Fast Invest will provide the following services:

• investment (loans, real estate, private capital and others);

• the ability to borrow

• currency conversion

• making transfers and payments

• tool for auto-investment and reporting

• crypto-secure crediting

• a limited number of crypto accounts

• payment cards linked to accounts, including crypto accounts (with free card issue for the first 1000 crypto accounts)

[2]

Founded in 2012, Fast Invest has been in business for 5 years. [34]

Partners:

Marketing:

Growmodo - A service for search and use of digital marketing services;

Emerging Insider - PR and marketing services.

WolgangDigital - Digital marketing and SEO agency.

Jivochat - A tool that enables monitoring and communication with customers on

websites, Facebook, Telegram and Viber in real time

Mail chimp - A platform for automating marketing

Money conf - An online place where people who determine the future of finance meet

Opineo - Online marketing services provider

Trustpilot - A service for writing reviews

Cision - A service for marketing campaign analytics

Media:

inwestycje, pymnts, the Fintech Times, Finanse Fakty

Other:

Kalkulator

Investments attracted:

N/A

Conclusion

There are experienced specialists involved in the Fast Invest project. Strengths of the project: - a functioning business with an established clientele and database - the project has a fairly large pool of partners in marketing and media - the high-growth P2P-crediting market was chosen - the project integrates blockchain technology into its existing platform with 8000 users [2], [Telegram]; - according to a representative of the project, the platform will gain more extensive functionality (payment cards, investment in real estate and other assets.) Weaknesses of the project: - The chosen market niche is characterized by high competition, which can disturb the development of the project. - The business model has a risk of less than the planned token demand being met,

which may negatively affect token price.

[3]

Market and industry

According to Statista, the volume of the world P2P lending market (the target one for

Fast Invest) amounted to $64 billion in 2015. Based on the diligent indicator of

Combined Annual Growth Rate (CAGR) from Statista (56%) and Technavio (53%), we

expect that potential market will be over $152 billion by the end of 2017 (the market

volume is expected to grow up to $1 trillion by 2025 [Statista]).

[29] [30]

As we see from the white paper, the alternative finance market has gained

significantly worldwide. The project team estimates its global market (P2P lending) as

$3.5 billion (according to 2013 data) and its volume will be about $1 trillion by 2025.

[2]

Comment:

As we see from a brief analysis, the P2P lending market is

growing at a high rate, so the project has a great opportunity to

occupy its niche in this market.

A clear advantage of the project is that the white paper

describes a marketing campaign for the commercial

development of the product.

The project’s intended market is growing dynamically.

Inevitably following the market, the number of platforms

providing peer-to-peer lending services is increasing.

Competitors

In the course of our research we have identified the following competitors in the field

of P2P lending:

Lendoit - A platform that implements P2P lending

LoanBit - Credit and investment, multicurrency multifunctional online platform based

on blockchain technology.

In addition, we can specify the following companies:

Polibius - A cryptographic blockchain bank.

Everex - A platform that enables making payments in cryptocurrency and exchange

microfinance services.

Suretly - A crowdvouching platform which allows users to earn commission by

providing paid voucher services.

WeTrust – A platform for the provision of financial services.

MarketInvoice, BankEx, Lending Club, SALT, BTCJam, LoanBase, Bitlendingclub,

BTCPOP, GetLine, BM Chain, Bitbond, Dharma, ITTEX, Kiva, Karma.

[2]

Resume:

The main difference between the Fast Invest platform and its

competitors is the availability of a wider functionality (payment

cards, real estate investment and other assets).

Engineering features of the platform

Currently, the project has an online platform which is used by over 8,000 people daily.

Fast Invest intends to integrate blockchain technology into the platform in order to

operate with cryptocurrency.

Description of the current platform:

- Certified credit institutions sign a partnership agreement with Fast Invest.

- Fast Invest credit risk departments approve the conditions of the Lender which owns

a license issued by local Central Bank as a financial services operator.

- A borrower pays out monthly payments under the terms of the loan agreement and

payment schedule.

- A lender transfers a payment to Fast Invest; the borrower's payments are distributed

proportionally in accordance with the amount invested in this particular loan by each

investor.

- As soon as the borrower repays the loan, customers will begin to receive payments

of both the principal amount and interest for this investment period. The funds are

automatically transferred to the accounts of Fast Invest clients.

- The user can reinvest these funds into any available credit or request a payment

directly to his bank account.

In addition, the team offers users:

- A digital wallet for making payments and transfers;

- A mobile app for iOS and Android;

- Paid cards for sending and receiving funds, withdrawal of funds.

[2]

Technology description

The platform is built on the basis of blockchain technology using smart contracts

based on OpenZeppelin.

To check a borrower for creditworthiness the team will use a machine learning system

to process up to 10,000 characters. This allows evaluation of a potential client in less

than thirty seconds and determination of credit risk. Metadata technology will be used.

[2], [31], [32]

Comment:

Investment operations on the platform are accompanied by the

functions of buyback and guarantees of payment, so users can

stop investing at any time and get their money back. Even in

the case of default on the part of a borrower, the user will

receive the necessary payments.

We also want to point out that Fastinvest is a functioning

business since 2015; therefore, there is a basis for the

platform: client accounts, credit base, etc.

[2]

Technological Roadmap

In the future, with the development of technology and data capacity it is planned to

implement the following:

Q1 2018 - development of a mobile application for Android and iOS;

Q3 2018 - creation of premium accounts for the community of FIT token holders,

introduction of cryptocurrency, integration of digital currency exchange tool v2.0

Q1 2019 - introduction of premium payment card

Q2 2019 - implementation of digital investing service

Q3 2019 - introduction of digital lending service

[2]

Comment:

The team has detailed plans for developing the platform. In

addition, the presence of a large number of technical

specialists can help the completion of all updates on time.

There are no active blocks in open repository.

- ico.

Screenshot of

repository

Comment:

- ico is a newly created module (December 1, 2017) (dedicated to the ICO). The repository belongs to Fast Invest.

Documentation

We have analyzed the Fast Invest website and documentation for sufficiency and

consistency for making an investment decision.

The documentation includes the white paper, privacy policy, user agreement and

complaints procedure. The white paper is presented in English. In the submitted

documentation, Fast Invest is described in sufficient detail. However, the technical

component of the platform and its services is not fully disclosed.

The website also provides information about the project, staging the public ICO,

frequently asked questions and the team. The website is available in English, Polish,

Finnish, German, Spanish, Italian, French and Chinese. An additional useful feature

of the website is the availability of links to and information about the current operating

platform.

[1]

Resume: The documentation enables a comprehensive view of the

project.

ICO

Public ICO launch: December 04, 2017

Tokens to be

released, % 50%

Token type: ERC-20

Accepted as

payment: ETH

1 FIT cost 0.001 ETH

Crowdsale period: 8 weeks, until January 31, 2018

FIT tokens will be the only way to use a Fast Invest Crypto account; to access all

cryptocurrency services you need to hold 1000 FIT.

Token issue limit: 777 000 000

Advantages of token holders: functional tokens which allows using the platform

services or sell them.

Maximum planning

amount of profit: ~$175,000,000

Minimum planning

amount of profit: ~$17,500,000

Bonus: 20% Early bird bonus (bonus is valid only up to Soft Cap (38,850,000 FIT tokens). [1]

Comment: The project is planning to list FIT on global exchanges. [2]

Bounty

Link https://bitcointalk.org/index.php?topic=2515633.0

Scheme of interest

distribution by

program

The program is open in the following areas:

- Twitter

- Facebook

- Youtube

- Blogs

- Translation

- Telegram

Resume:

The project has an extensive bounty program. All the

conditions of the program are detailed at the link above. Terms

of remuneration will be announced after the ICO.

Tokens and capital distribution

Tokens and capital are distributed according to the following scheme:

Tokens and capital

distribution scheme

[2]

Resume:

Tokens do not affect the distribution of shares in the company.

The incentive system is set up such way that it is more

profitable to buy tokens earlier.

Development plans

The team provided the following roadmap: [1]

Roadmap

[2]

Q2 2018 - opening a North American headquarters, entering the United States and

Canada markets

Q4 2018 - opening a Hong Kong headquarters, entering Hong Kong and China

markets

Q2 2019 - opening a Singapore branch, entering Asia markets

[2]

According to the project, in order to gain access to a platform account, it is necessary

to keep 1000 FIT in the wallet [2]. In this case, to activate all tokens sold at the ICO,

they will need to register 338,500 accounts. Based on the data on platform traffic

["Marketing» section], we believe that there is a risk of not achieving this many

registered users right after the ICO. This can negatively affect the price of the token.

Resume:

The roadmap presents a strategy for scaling the project.

In addition, according to the white paper, the team has

developed a marketing campaign that is aimed at partners,

market participants and users.

The following activities are planned to influence the audience:

- for partners: organization of events, exhibitions, conferences,

offers for building a joint marketing campaign

- for market participants: organization and participation in

events, publications in journals

- for users: webinars, event organization, blogging, publication

of articles, cooperation with universities and students, content

creation, viral marketing.

The business model of the project contains the risk of not

getting planned token demand which can negatively affect

token price.

[2]

Team

The team consists of 50 people. Information about the main team members based on

LinkedIn is as follows:

Genadij Anthony FOMKI (N/A) - President and Chairman

Simona Vaitkune (LinkedIn) - CEO, board member of BIG CREDIT as of January

2017 (a fast lending platform)

Paulius Tumosa (LinkedIn) - CTO since 2015. Previously: programmer at

Reservation partner LT (e-commerce projects development), NWO Invest; Senior

programmer at Taupkasė (Credit Union)

Dovile Zili (LinkedIn) - Marketing Leader. Experienced specialist in marketing and

entrepreneurship. Previously, she was responsible for marketing at Stansefabrikken

(metal processing), JSC Aveplast (building materials), founded the project for

decorating the interior with text - Odi Odi, owned the business in the development of

e-commerce - EFOR GROUP

There are 24 more people in the team.

Resume:

The project has a large team. Unfortunately, not all members

of the team were found on LinkedIn, which does not contribute

to the confidence of the community. The team is predominantly

from Lithuania and the UK.

The company has the following departments: Finance, legal

issues, marketing and product development, software and IT,

user support, regional development. There are no dedicated

specialists in the field of blockchain technologies but one third

of the whole staff is technical staff.

Marketing

Information about the project is available on Twitter, Facebook, Telegram, BitcoinTalk,

Medium, Reddit, Instagram and YouTube. There is a Bounty program.

The project is working on social media. Twitter, Facebook and Medium regularly

update news. The team leads a blog and uploads videos on YouTube.

The format of the articles about the project shows that they were written mainly by

order.

Comment: There is growing interest in the project from the community.

The basic marketing campaign is set on Twitter and Facebook. [1]

Analysis of website traffic based on Similarweb.com data showed the following:

Traffic sources

(Similarweb.com)

[6]

Comment: 57.80% - direct link, 18.65% - referrals, 21.72% - search

Traffic through

search:

5.14%, including: 59.68% - "organic" traffic, 40.32% - ad clicks

(this indicates that the buzz around the project is created

mainly through advertising, not due to the popularity of the

team or partners).

Referral links: 18.65%

Traffic source

(Alexa.com)

According to Alexa.com, the number of page views is 42,120

per month and the number of visitors is 10,529 people. The

website is most popular in the US, Germany, Poland, Australia,

Ireland and Russia.

[33]

Resume:

According to the available data, it can be concluded that users

are interested in the project. The team conducts an advertising

campaign on social media (Facebook, Twitter and Medium),

uploads videos on YouTube about platform work and

interviews with team members, communicates with users on

Telegram. There are publications in the media.

Contacts

The developers may be contacted using the links below.

Website: https://fastinvest.com/en/ico

Twitter: https://twitter.com/FASTINVEST_COM

Telegram: https://t.me/joinchat/HQ8U2xFlDDyYN1WVF6YO9g

Medium: https://medium.com/@fastinvest

Reddit: https://www.reddit.com/user/FASTINVEST_COM

Linkedin: https://www.linkedin.com/company/fast-invest-ltd/

Facebook: https://www.facebook.com/fastinvest

Github: https://github.com/Fast-Invest

Bitcointalk: https://bitcointalk.org/index.php?topic=2477256.0

Youtube: https://www.youtube.com/channel/UCP_Itv4NmnvIvCi579fAub

A

Useful links

1. Website https://fastinvest.com/en/ico

2. White Paper https://fastinvest.com/documents/fast-invest-whitepaper.pdf

5. About Bounty https://bitcointalk.org/index.php?topic=2515633.0

6. Similarweb https://www.similarweb.com/website/fastinvest.com

29. https://www.technavio.com/report/global-miscellaneous-peer-

peer-lending-market

30. https://www.statista.com/statistics/325902/global-p2p-lending/"

31. https://openzeppelin.org/

32. https://en.wikipedia.org/wiki/Metadata

33. https://a.pr-cy.ru/fastinvest.com/

34. http://www.bizstats.co.uk/ltd/big-credit-limited-08338389/

The information contained in the document is for informational purposes only. The views expressed in this document are solely personal stance of the ICOrating Team, based on data from open access and information that developers provided to the team through Skype, email or other means of communica-tion. Our goal is to increase the transparency and reliability of the young ICO market and to minimize the risk of fraud. We appreciate feedback with constructive comments, suggestions and ideas on how to make the analy-sis more comprehensive and informative.