Feelium - Global Smart Contract And Escrow System With A Centralized Blockchain Model
WHITE PAPER: https://www.feelium.co/assets/images/Feelium-ICO-Whitepaper.pdf
ONE PAGER: https://www.feelium.co/assets/images/Feelium%20One-pager.pdf
Feelium is the 1st centralized blockchain platform that will have smart contracts and escrow services built into it, making it a cross-border means of payment and exchange that is scalable.
Feelium will only charge 0.05% as transaction fees for any transaction that occurs on the Feelium platform through the wallet. Buying Feelium does not have a transaction charge that is associated with it. The platform will eliminate all fees associated with lawyers and other third party contracting, and escrow service charges.
Example: As the world continues to move toward global collaboration and trade, smart contracts will play a pivotal role. Imagine an f&b company located in Lithuania, that would like to source its coffee from Argentina. Instead of employing lawyers, and spending enormous amounts of time and effort in drawing up contracts and conditions, they could use smart contracts instead.
The f&b company would draw up the contract on a smart contract platform. They would invite the coffee supplier to review and sign the contract. If there are conditions the supplier wants to change, the supplier and the company would discuss them offline, and the contract would be edited and resent digitally for the supplier to sign. The supplier would sign the document, and then begin the process of shipping the coffee to Lithuania. Let’s assume both parties pre-decided that when the Argentinian supplier uploaded proof of shipping onto the smart contract platform, the f&b company would pay half of the decided amount, and the other half upon delivery. As soon as the shipment proof is uploaded, the smart contract validates the proof, and releases the decided amount into the suppliers’ account. Further, when the company receives product, the smart contract releases the rest of the payment to the supplier.
With this process, the supplier knows for certain that they will get paid, and does not have to worry about the f&b company defaulting on its payment. Likewise, the f&b company does not have to worry about paying the supplier and then not receiving their product in time.
Integrated with the Feelium platform is wallet key retrieval that will allow users to retrieve their wallet at any time. The private key can only be retrieved only by sending a request to the admin.
You can read more about the business model on the website. Visit www.feelium.co for more information.
The Feelium fund allocation includes the development of technology (technology build), human capital, cybersecurity, marketing, operations, and infrastructure.
In quarter 2 of 2018, Feelium will be listed on other exchanges. The team has not yet listed the coin for open trade as they would like the platform to be fully developed and functional before listing the coin.
Through Feelium, Panaesha Capital aims to build a global network, based on mutual benefits for users. Our goal is to build a platform known for simplicity, security, cost-effectiveness, speed, and a stable means of payment and exchange. Feelium wants to build an ecosystem that will lay the foundation for the growth and potential of global trade in the future.
Pre ICO Dates: 21st March 2018
Purchase: FEELIUM COIN (FCC)
ICO Structure: A hard cap of 21 million Feelium tokens will be available during the pre ICO sale.
Pre-ICO and ICO sales will run from MARCH 21st, 2018 for about 2 months. The information for the pre ICO and ICO sale is as follows:
Pre-ICO Token Sale: 1 USD = 1 FCC
Company name: Panaesha Capital Pte. Ltd.
Company site: www.feelium.co
Company contacts: Chavi Ahuja