D3Young recommended this project to me and I've only had 30 min to do my research, but because I think it's an interesting project I wanted to share what I've found so far. Hopefully some of you guys can also research it and share your opinions.
FFM is a RWA project that allows small to medium sized businesses to get crypto loans based on their real world assets. To get a loan, a business can submit a loan proposal, which will be either accepted or refused by some type of governing body. It's a pretty simple idea, and I've seen a couple other projects do this. However, it's a massive multi trillion dollar market, so there's room for many players and whomever is successful will be highly profitable.
There's a few things I like:
- Professional looking website
- They've facilitated $5M in loans
- Easy to read and well designed whitepaper that goes into important details. I haven't read the whole paper yet, but will do so as soon as I have time.
- There's several YouTube videos with the founder who makes a passionate and professional first impression
- The token launched recently and the chart is looking great.
- $6M market cap is great, but I'm not sure about the $80M FDV since I wasn't able to review the tokenomics yet.
Concerns:
- Although the whitepaper discusses regulation, it also says they're not incorporated yet. So it's very difficult to judge how big this project is in terms of implementation. At least at first glance.
I would love to join an AMA with these guys. Show Less
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