Just a few weeks after launching its’ token pre-sale, Feelium has already raised over 2 million dollars in funds for their cryptocurrency platform. Feelium is a tokenized decentralized platform built on blockchain technology that has smart contracts and escrow services as a utility for users worldwide. Through smart contracts, the Feelium platform allows for secure trust-less and border-less transactions. The Feelium token is the motor of the platform, and all transactions will occur using this token. Feelium aims to be a one-stop trading platform that can be used by anyone, both for B2B and B2C scenarios.
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.
By using the Feelium escrow account in conjunction with the smart contract, 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.
At the end of its pre-sale offering, Feelium aims to raise 21 million USD. Additionally, investors will not have to wait long for the release of the Feelium platform, which has already been built, and is slated to be released in a few months’ time. The Feelium team’s main goal of the token pre and main sale is to raise funds to grow Feelium’s reach and build strategic business alliances with vendors.
Currently, buyers can log onto theICO website, create a wallet and buy Feelium tokens through credit/debit and bank transfer. You can also buy Feelium tokens through Bitcoin, Ethereum or Litecoin through a wallet to wallet transfer. Integrated with the Feelium platform is wallet key retrieval that will allow users to retrieve their wallet at any time, by sending a request to the admin. The Feelium tokens will be issued from a central agency, only after KYC/AML procedures are completed by the user.
Feelium aims to be 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. The Feelium pre-sale will end soon, after which prices will rise in the second round of token sale.
For more information about the Feelium Platform:
WHITE PAPER: https://www.feelium.co/assets/images/Feelium-ICO-Whitepaper.pdf
ONE PAGER: https://www.feelium.co/assets/images/Feelium%20One-pager.pdf