Fixy

FIXY NETWORK (FIXY) Fixy Network makes it possible for people to use cryptocurrency in their day to day life. The Network will include a decentralized marketplace and a decentralized OTC exchange. We

About Fixy

Fixy App aims to be a blockchain based application that will facilitate the use of cryptocurrency in ordinary everyday life, giving users several benefits such as monetizing their cryptocurrencies and being able to get paid in a combination of fiat and crypto currency when they are selling their goods and services. The Fixy Network will include a decentralized marketplace and a decentralized exchange.
Competitors: CanYa, Crafty, Blocklancer
Uniqueness/Advantages to competition: Enables crypto-exchange for services and products, like a combination of eBay and Angie’s List, allowing for payments in BTC, BCH, ETH, & LTC.

Token Sale Use of Blockchain

Product

2.6
Product
Readiness

Is the product ready for use? Is there a working prototype or MVP? How long until it is operational?

2.0
N/A
2 - Proof of concept or test platform.
Appeal

How appealing is the product? How good or necessary is it? Does it have a distinct edge?

3.0
N/A
3 - Interesting.
Target User Base

Is it mass market or niche?

3.0
N/A
3 - Has growth potential.
Competition

Are there many other similar solutions or is this one of just a few, or even one of a kind?

3.0
N/A
3 - Some normal competition.
Innovation

How innovative or inventive is the product, either conceptually or technologically?

2.0
N/A
2 - Some, but nothing outstanding.

Product

There is currently a publicly accessible active github repo. Complete beta/final blockchain development/testing for the platform is planned to occur after the ICO, and the public release is planned to occur in 2018 (see Roadmap).
Key features of the Fixy Network include crypto gift cards (sold for fiat), decentralized and fee-less OTC trading, a store finder, a marketplace for users, a marketplace for commercial partners, and a hybrid market solution where payments for products and services are made partly in fiat and partly in crypto (e.g., 60% in fiat and 40% and crypto, with a maximum ratio of 50/50). The FIXY token will be used for payment in transactions involving smart contracts; however, users will be able to conduct OTC trades without the use of a smart contract via a messaging service with a trust score system.
There is some appeal to the Fixy product, given the increasing demand for decentralized marketplaces and exchanges. The potential target user-base will grow with cryptocurrency adoption and increasing need for crypto financial services in the general population. There is currently some normal competition in the sector of decentralized marketplaces, and blockchain competition will stiffen over time as cryptocurrency adoption continues.
Competitors: CanYa, Crafty, Blocklancer

Product Whitepaper

Use of Blockchain

2.2
Use of Blockchain
Blockchain Development

Is blockchain technology essential? Does it make the solution significantly different and better?

2.0
N/A
2 - Some smart contract functionality.
Disruptive Blockchain Advantage

How disruptive is the introduction of blockchain technology into the product's market space?

2.0
N/A
2 - Some, but not much.
Need for a Custom Token (vs. BTC or ETH)

Is the token essential or could it be done just as well or better with fiat or Bitcoin?

2.0
N/A
2 - Some, mainly network effect.
System Decentralization (besides token)

How decentralized is the system architecture other than the token (e.g., data collection, storage, access, and use, or decision making processes, etc.)?

3.0
N/A
3 - Hybrid; decentralized as far as circumstances allow.
Contribution to Blockchain Ecosystem

How compelling is the solution's contribution to the evolution of blockchain infrastructure and economy?

2.0
N/A
2 - Meh, okay.

Use of Blockchain

The project’s contribution to blockchain development is in creating a decentralized marketplace and exchange and a hybrid fiat/crypto market solution. There is a disruptive advantage as the platform provides an alternative to centralized marketplaces (such as eBay) with a transparent and crypto-based marketplace and cryptocurrency adoption incentivization channels. There is some need for a custom token, which allows for pricing and settlements (smart contract transactions) on the platform, and Fixy tokens will also be used by commercial partners to pay for membership and advertising fees. The contribution to the blockchain ecosystem is in developing a new decentralized marketplace that allows for payments and transactions in multiple cryptocurrencies as well as fiat.

Use of Blockchain Roadmap

Whitepaper

3.4
Whitepaper
Comprehensiveness

Does it cover the full scope of the problem and solution?

3.0
N/A
3 - Covers most key issues; a few holes.
Readability

Is it easy enough to understand?

4.0
N/A
4 - Easy to read and understand.
Transparency

Does it candidly describe and disclose where the project now stands, how much exists and how much still needs to be done, etc.?

3.0
N/A
3 - Basic honesty with some hype.
Business Plan Presentation

Does it contain a viable, comprehensive business plan?

4.0
N/A
4 - Clear, well thought out, realistic.
Technology Presentation

Does it present a well thought out technological architecture? Does it address implementational challenges?

3.0
N/A
3 - More information required.

Whitepaper

The whitepaper is well put together, professional and aesthetic, and contains a mixture of media and textual explanation. The whitepaper is short at 18 pages, and can be easily read and understood due to the amount of media presented. The whitepaper provides high level information and includes main sections which are each described in detail: Introduction, Current Problem, Blockchain, Market Overview, The Fixy Network Solution, How the Fixy Network Works, ICO Details, Team and Roadmap. The business plan behind IRYO is detailed and concisely explained including textual and graphical explanations. The technology presentation is very lightly adressed and could use some more detail for a clear picture of the tech behind Fixy.

Whitepaper Compliance

Roadmap

3.0
Roadmap
Concreteness

Is there a concrete and practical development plan (vs. just a conceptual vision)?

3.0
N/A
3 - An overall plan, major milestones stated.
Feasibility

Is the development plan realistic? Is it based on reasonable goals and timelines?

3.0
N/A
3 - Optimistic.
Vision

Is there a larger, long-term vision?

3.0
N/A
3 - A trend with potential.
Dependencies (services or capabilities)

How available, operational, or trusted are the other systems or capabilities on which the project relies?

4.0
N/A
4 - Available and trusted.
Current Position

Where is the project now, relative to its vision and plans?

2.0
N/A
2 - Critical obstacles ahead.

Roadmap

A milestone roadmap is given on a monthly to quarterly basis. Obstacles lie ahead as final platform/blockchain development and public platform launch will occur after the ICO. The roadmap is vague and provides no descriptions of the intermediate steps required to complete each milestone.

Roadmap:
Oct 2017 – Foundation of the Idea
Nov 2017 – Beginning with Software and Business Development
Feb 2018 – Establishing the Company
May 2018 – ICO
June 2018 – AirDrop & Release of Fixy Network OTC trade + Advertising Module V1
Oct 2018 – Fixy Network Game V1
Mar 2019 – Fixy Network Marketplace for private seller V1
Aug 2019 – Fixy Network Marketplace and Storefinder for Commerce V1
Jan 2020 – Gift Cards

Roadmap Company and Team

Compliance

2.2
Compliance
Token Utility (value through usage)

How much use is there for the token itself (regardless of its value as an investment vehicle)?

2.0
N/A
2 - Minimal or contrived.
Token as Security (tradable instrument)

How valuable is the token as an investment vehicle or financial instrument?

2.0
N/A
2 - Primarily, with few additional rights.
Token/Smart-Contract Readiness

Is the blockchain infrastructure of the project ready for use? Is there a working prototype or MVP? How long until it is operational?

2.0
N/A
2 - Proof of concept or test platform.
Attention to Compliance Issues

How much attention is given to compliance (via token and ecosystem design, token sale participation, etc.)? Is this issue addressed directly and coherently?

2.0
N/A
2 - Minimal, superficial or hackneyed.
Legal Review/Risk Assessment

What kind of legal documentation (reviews or agreements) and risk assessment are provided?

3.0
N/A
3 - Semi-professional (e.g. Howey Test)

Compliance

The FXY-tokens have intrinsic value through their planned usage for conducting smart-contract transactions on the Fixy Network, and will also be used by commercial partners to pay for membership and advertising. The token’s main utility is as a tradable financial instrument, as it is used specifically as a means of payment.
The token smart-contract infrastructure will be completed after the ICO, however there is an active github repo available for public review.
It is stated that new participants will be able to join the network by purchasing the Fixy gift card in approved stores worldwide, and that new users’ cards will be credited as soon as they have gone through a quick KYC process, but further details are not provided.
Compliance is addressed with direct statements of AML & KYC Due Diligence, and this is enforced with a manual screening process via whitelisting however there is no information provided on how one goes about initating this process or what is required for it.
The legal disclaimer states that the tokens are intended for use as functional utility tokens and are not viewed as to grant rights or ownership of the company. The terms and conditions of the sale aim to absolve the company of any liability regarding the ICO and allows for unilateral change in terms at anytime so long as notice is provided.

Compliance Token Sale

Company and Team

3.2
Company and Team
Company Stage and Foundation

Is the company already established? Has it raised funds before? Is it mature?

4.0
N/A
4 - Established with some fundraising history.
Background of Lead Team Members

Do we know who they are? Do they have LinkedIn profiles? Do they have solid, relevant backgrounds?

4.0
N/A
4 - Verifiable relevant experience.
Team Assembly and Commitment

Is a solid, fully committed core team in place? Do they have online (e.g. LinkedIn) profiles showing sufficient relevant experience? Is their participation transparent?

3.0
N/A
3 - Mostly assembled and committed.
Team Skill Set Relevance

Does the amount of talent and skill in each area seem to fit the project requirements?

3.0
N/A
3 - Correlated to project requirements.
Team Skill Set Balance

Is the team well-rounded (biz/tech/blockchain)? Is there sufficient talent and skill in all areas of required development?

2.0
N/A
2 - Somewhat skewed.

Company and Team

Fixy has an established team with 18 employees and 2 advisors.
The core team has experience in product and community managment, marketing, android/iOS development, game development, programming, back-end development, UX/UI, and blockchain/cryptocurrency/smartcontract platform development.
The advisors to the project have experience in marketing, branding and cryptocurrency/blockchain/smart-contract projects.
All team members have verifiable work experience credentials via LinkedIn profiles, however some profiles provide little information. Some members of the team appear to be dedicated to other projects outside of Fixy. Some of the core team members and advisors have previous experience with blockchain, cryptocurrency, or smart-contract projects, investing, and ICO consultation/launch.
Positives: The core team is well rounded and has previous experience in the field of blockchain, cryptocurrency, or smart contracts.
Negatives: Not all members are fully dedicated to the project and no member is identified as a blockchain developer.

Company and Team Product

Token Sale

3.4
Token Sale
Raise Amount Max

Is there a clear cap? Is the maximum raise amount modestly sufficient (as opposed to either greedy or insufficient)?

4.0
N/A
4 - Well suited to needs and plans.
Raise Amount Min

Is the minimum raise reasonable considering the development plan? Are there raise-amount dependent milestones?

4.0
N/A
4 - Reasonable, sensible.
Fund Allocation

Is fund distribution and allocation reasonable and justified?

3.0
N/A
3 - Rough estimates, but sensible.
Token Allocation

Is the ratio of tokens sold to those kept reasonable? Does it prevent the company from having too much control?

4.0
N/A
4 - Most tokens sold, vesting periods on kept tokens.
Media Presence and Following

Is the sale being talked about in Reddit, Bitcointalk, Social Media, Medium, etc.? Is information available and accessible? Is there interest?

2.0
N/A
2 - Minor exposure and interest, or ambivalent reception.

Token Sale

Fixy Token (FXY)
Total Supply: 100 mil FXY
Hard Cap: 11,400 ETH
Soft Cap: 2,000 ETH
Purchase: 1 ETH = 5,000 FXY

TOKEN DISTRIBUTION
68% ICO
15% Team
1.5 % Advisors
7.5% Reserve
05% Private Sale
02% Airdrop
01% Bounty
Team coins are locked for 36 months. In a 6-month period, 1/6 will be unlocked.
Advisor coins are also locked for 6 months.
Unsold tokens will be burned.

TOKEN SALE PROCEEDS ALLOCATION
40% Product Development
40% Marketing
15% Merchant Acquisition & Partnership, Exchange
05% Legal + Operations

Social Media Presence & Following
There is little community engagment and reception.

Product

There is currently a publicly accessible active github repo. Complete beta/final blockchain development/testing for the platform is planned to occur after the ICO, and the public release is planned to occur in 2018 (see Roadmap).
Key features of the Fixy Network include crypto gift cards (sold for fiat), decentralized and fee-less OTC trading, a store finder, a marketplace for users, a marketplace for commercial partners, and a hybrid market solution where payments for products and services are made partly in fiat and partly in crypto (e.g., 60% in fiat and 40% and crypto, with a maximum ratio of 50/50). The FIXY token will be used for payment in transactions involving smart contracts; however, users will be able to conduct OTC trades without the use of a smart contract via a messaging service with a trust score system.
There is some appeal to the Fixy product, given the increasing demand for decentralized marketplaces and exchanges. The potential target user-base will grow with cryptocurrency adoption and increasing need for crypto financial services in the general population. There is currently some normal competition in the sector of decentralized marketplaces, and blockchain competition will stiffen over time as cryptocurrency adoption continues.
Competitors: CanYa, Crafty, Blocklancer

Category Breakdown
Readiness

Is the product ready for use? Is there a working prototype or MVP? How long until it is operational?

2.0
N/A
2 - Proof of concept or test platform.
Appeal

How appealing is the product? How good or necessary is it? Does it have a distinct edge?

3.0
N/A
3 - Interesting.
Target User Base

Is it mass market or niche?

3.0
N/A
3 - Has growth potential.
Competition

Are there many other similar solutions or is this one of just a few, or even one of a kind?

3.0
N/A
3 - Some normal competition.
Innovation

How innovative or inventive is the product, either conceptually or technologically?

2.0
N/A
2 - Some, but nothing outstanding.
Product Score:
2.6

Use of Blockchain

The project’s contribution to blockchain development is in creating a decentralized marketplace and exchange and a hybrid fiat/crypto market solution. There is a disruptive advantage as the platform provides an alternative to centralized marketplaces (such as eBay) with a transparent and crypto-based marketplace and cryptocurrency adoption incentivization channels. There is some need for a custom token, which allows for pricing and settlements (smart contract transactions) on the platform, and Fixy tokens will also be used by commercial partners to pay for membership and advertising fees. The contribution to the blockchain ecosystem is in developing a new decentralized marketplace that allows for payments and transactions in multiple cryptocurrencies as well as fiat.

Category Breakdown
Blockchain Development

Is blockchain technology essential? Does it make the solution significantly different and better?

2.0
N/A
2 - Some smart contract functionality.
Disruptive Blockchain Advantage

How disruptive is the introduction of blockchain technology into the product's market space?

2.0
N/A
2 - Some, but not much.
Need for a Custom Token (vs. BTC or ETH)

Is the token essential or could it be done just as well or better with fiat or Bitcoin?

2.0
N/A
2 - Some, mainly network effect.
System Decentralization (besides token)

How decentralized is the system architecture other than the token (e.g., data collection, storage, access, and use, or decision making processes, etc.)?

3.0
N/A
3 - Hybrid; decentralized as far as circumstances allow.
Contribution to Blockchain Ecosystem

How compelling is the solution's contribution to the evolution of blockchain infrastructure and economy?

2.0
N/A
2 - Meh, okay.
Use of Blockchain Score:
2.2

Whitepaper

The whitepaper is well put together, professional and aesthetic, and contains a mixture of media and textual explanation. The whitepaper is short at 18 pages, and can be easily read and understood due to the amount of media presented. The whitepaper provides high level information and includes main sections which are each described in detail: Introduction, Current Problem, Blockchain, Market Overview, The Fixy Network Solution, How the Fixy Network Works, ICO Details, Team and Roadmap. The business plan behind IRYO is detailed and concisely explained including textual and graphical explanations. The technology presentation is very lightly adressed and could use some more detail for a clear picture of the tech behind Fixy.

Category Breakdown
Comprehensiveness

Does it cover the full scope of the problem and solution?

3.0
N/A
3 - Covers most key issues; a few holes.
Readability

Is it easy enough to understand?

4.0
N/A
4 - Easy to read and understand.
Transparency

Does it candidly describe and disclose where the project now stands, how much exists and how much still needs to be done, etc.?

3.0
N/A
3 - Basic honesty with some hype.
Business Plan Presentation

Does it contain a viable, comprehensive business plan?

4.0
N/A
4 - Clear, well thought out, realistic.
Technology Presentation

Does it present a well thought out technological architecture? Does it address implementational challenges?

3.0
N/A
3 - More information required.
Whitepaper Score:
3.4

Roadmap

A milestone roadmap is given on a monthly to quarterly basis. Obstacles lie ahead as final platform/blockchain development and public platform launch will occur after the ICO. The roadmap is vague and provides no descriptions of the intermediate steps required to complete each milestone.

Roadmap:
Oct 2017 – Foundation of the Idea
Nov 2017 – Beginning with Software and Business Development
Feb 2018 – Establishing the Company
May 2018 – ICO
June 2018 – AirDrop & Release of Fixy Network OTC trade + Advertising Module V1
Oct 2018 – Fixy Network Game V1
Mar 2019 – Fixy Network Marketplace for private seller V1
Aug 2019 – Fixy Network Marketplace and Storefinder for Commerce V1
Jan 2020 – Gift Cards

Category Breakdown
Concreteness

Is there a concrete and practical development plan (vs. just a conceptual vision)?

3.0
N/A
3 - An overall plan, major milestones stated.
Feasibility

Is the development plan realistic? Is it based on reasonable goals and timelines?

3.0
N/A
3 - Optimistic.
Vision

Is there a larger, long-term vision?

3.0
N/A
3 - A trend with potential.
Dependencies (services or capabilities)

How available, operational, or trusted are the other systems or capabilities on which the project relies?

4.0
N/A
4 - Available and trusted.
Current Position

Where is the project now, relative to its vision and plans?

2.0
N/A
2 - Critical obstacles ahead.
Roadmap Score:
3.0

Compliance

The FXY-tokens have intrinsic value through their planned usage for conducting smart-contract transactions on the Fixy Network, and will also be used by commercial partners to pay for membership and advertising. The token’s main utility is as a tradable financial instrument, as it is used specifically as a means of payment.
The token smart-contract infrastructure will be completed after the ICO, however there is an active github repo available for public review.
It is stated that new participants will be able to join the network by purchasing the Fixy gift card in approved stores worldwide, and that new users’ cards will be credited as soon as they have gone through a quick KYC process, but further details are not provided.
Compliance is addressed with direct statements of AML & KYC Due Diligence, and this is enforced with a manual screening process via whitelisting however there is no information provided on how one goes about initating this process or what is required for it.
The legal disclaimer states that the tokens are intended for use as functional utility tokens and are not viewed as to grant rights or ownership of the company. The terms and conditions of the sale aim to absolve the company of any liability regarding the ICO and allows for unilateral change in terms at anytime so long as notice is provided.

Category Breakdown
Token Utility (value through usage)

How much use is there for the token itself (regardless of its value as an investment vehicle)?

2.0
N/A
2 - Minimal or contrived.
Token as Security (tradable instrument)

How valuable is the token as an investment vehicle or financial instrument?

2.0
N/A
2 - Primarily, with few additional rights.
Token/Smart-Contract Readiness

Is the blockchain infrastructure of the project ready for use? Is there a working prototype or MVP? How long until it is operational?

2.0
N/A
2 - Proof of concept or test platform.
Attention to Compliance Issues

How much attention is given to compliance (via token and ecosystem design, token sale participation, etc.)? Is this issue addressed directly and coherently?

2.0
N/A
2 - Minimal, superficial or hackneyed.
Legal Review/Risk Assessment

What kind of legal documentation (reviews or agreements) and risk assessment are provided?

3.0
N/A
3 - Semi-professional (e.g. Howey Test)
Compliance Score:
2.2

Company and Team

Fixy has an established team with 18 employees and 2 advisors.
The core team has experience in product and community managment, marketing, android/iOS development, game development, programming, back-end development, UX/UI, and blockchain/cryptocurrency/smartcontract platform development.
The advisors to the project have experience in marketing, branding and cryptocurrency/blockchain/smart-contract projects.
All team members have verifiable work experience credentials via LinkedIn profiles, however some profiles provide little information. Some members of the team appear to be dedicated to other projects outside of Fixy. Some of the core team members and advisors have previous experience with blockchain, cryptocurrency, or smart-contract projects, investing, and ICO consultation/launch.
Positives: The core team is well rounded and has previous experience in the field of blockchain, cryptocurrency, or smart contracts.
Negatives: Not all members are fully dedicated to the project and no member is identified as a blockchain developer.

Category Breakdown
Company Stage and Foundation

Is the company already established? Has it raised funds before? Is it mature?

4.0
N/A
4 - Established with some fundraising history.
Background of Lead Team Members

Do we know who they are? Do they have LinkedIn profiles? Do they have solid, relevant backgrounds?

4.0
N/A
4 - Verifiable relevant experience.
Team Assembly and Commitment

Is a solid, fully committed core team in place? Do they have online (e.g. LinkedIn) profiles showing sufficient relevant experience? Is their participation transparent?

3.0
N/A
3 - Mostly assembled and committed.
Team Skill Set Relevance

Does the amount of talent and skill in each area seem to fit the project requirements?

3.0
N/A
3 - Correlated to project requirements.
Team Skill Set Balance

Is the team well-rounded (biz/tech/blockchain)? Is there sufficient talent and skill in all areas of required development?

2.0
N/A
2 - Somewhat skewed.
Company and Team Score:
3.2

Token Sale

Fixy Token (FXY)
Total Supply: 100 mil FXY
Hard Cap: 11,400 ETH
Soft Cap: 2,000 ETH
Purchase: 1 ETH = 5,000 FXY

TOKEN DISTRIBUTION
68% ICO
15% Team
1.5 % Advisors
7.5% Reserve
05% Private Sale
02% Airdrop
01% Bounty
Team coins are locked for 36 months. In a 6-month period, 1/6 will be unlocked.
Advisor coins are also locked for 6 months.
Unsold tokens will be burned.

TOKEN SALE PROCEEDS ALLOCATION
40% Product Development
40% Marketing
15% Merchant Acquisition & Partnership, Exchange
05% Legal + Operations

Social Media Presence & Following
There is little community engagment and reception.

Category Breakdown
Raise Amount Max

Is there a clear cap? Is the maximum raise amount modestly sufficient (as opposed to either greedy or insufficient)?

4.0
N/A
4 - Well suited to needs and plans.
Raise Amount Min

Is the minimum raise reasonable considering the development plan? Are there raise-amount dependent milestones?

4.0
N/A
4 - Reasonable, sensible.
Fund Allocation

Is fund distribution and allocation reasonable and justified?

3.0
N/A
3 - Rough estimates, but sensible.
Token Allocation

Is the ratio of tokens sold to those kept reasonable? Does it prevent the company from having too much control?

4.0
N/A
4 - Most tokens sold, vesting periods on kept tokens.
Media Presence and Following

Is the sale being talked about in Reddit, Bitcointalk, Social Media, Medium, etc.? Is information available and accessible? Is there interest?

2.0
N/A
2 - Minor exposure and interest, or ambivalent reception.
Token Sale Score:
3.4

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