Today, FIC Network is proud to announce the launch of the FIC Mainnet, which occured at 8:47:32 AM UTC. It’s a hugely important milestone and a great achievement for us as a team, and certainly a long-awaited event for you as our community.

The FIC Mainnet is the result of extensive development and thorough testing, and our team has been hard at work over the past 12 months implementing features and resolving issues. Version 2 of the FIC Testnet, launched this past summer, significantly improved security within the network infrastructure, wallet and smart contracts and was a critical step in preparing for today’s launch. We are greatly appreciative to those that tested the wallet and for all of the feedback that helped us improve functionality and the user experience. We could not have got to this point without you!

Today’s Mainnet launch means we are on track and we will proceed to issue the first bond on the FIC Network in the next day or so. This will be one of the world’s first bond offerings issued on the blockchain and we are thrilled to be part of it.

We’re delighted that the infrastructure is finally ready for this first bond transaction, as well as the coin distribution for our SAFT buyers. The coin distribution itself is scheduled to occur about mid-November 2018, so in about 2 weeks.

FIC Wallet

We have developed the FIC Wallet to view and transfer coins on the FIC blockchain.

As previously announced, we cooperated with Ledger to offer the official FIC application on their hardware wallet for additional security.

The public release of the FIC Wallet will coincide with the coin distribution in mid-November and it will be compatible with the Ledger Nano S and Ledger Blue.

Please direct your attention to the updated procedure of FIC coin distribution and bonus allocations for the existing SAFT buyers:

Every SAFT buyer, as a result of the delays, will get a compensation bonus of 70% of their base amount

The public sale will NOT be held

Additionally, we’re delighted to inform our SAFT buyer community that as a sign of our appreciation for your ongoing support we will offer an optional second lockup round to all existing buyers. This is entirely at your discretion. The lockup details and conditions are as follows:

The rate is 10% for every three months locked up, for up to a maximum of two years. You have the option to lockup zero, 25, 50, 75 or 100 percent of your coins, either for the same, or different durations up to a maximum of two years.

To simplify everything, we have skipped the ETH addresses entirely. We will email a form for SAFT buyers to submit their FIC address, confirm their received bonuses and select the desired lockup

Unsold coins and unclaimed bonus coins will be split 50/50 between the SAFT buyers and the issuing company

Precise lockup details and full conditions will be sent directly to the SAFT buyers.

Your coins are waiting in the SAFT pool here:

Node server distribution and blockchain have been set up and analyzed. The links to the endpoints of nodes are below:

FIC is a blockchain-powered platform that simplifies and streamlines the entire corporate bond lifecycle. Learn more on: