{"id":1026,"date":"2019-03-18T08:33:54","date_gmt":"2019-03-18T08:33:54","guid":{"rendered":"http:\/\/localhost\/consultax\/?page_id=1026"},"modified":"2024-05-21T22:46:49","modified_gmt":"2024-05-21T22:46:49","slug":"about-us","status":"publish","type":"page","link":"https:\/\/ficexchangeplc.ng\/index.php\/about-us\/","title":{"rendered":"About Us"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"1026\" class=\"elementor elementor-1026\">\n\t\t\t\t<div class=\"elementor-element elementor-element-c76da0d e-flex e-con-boxed e-con e-parent\" data-id=\"c76da0d\" data-element_type=\"container\" data-settings=\"{&quot;content_width&quot;:&quot;boxed&quot;}\" data-core-v316-plus=\"true\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-26354ee elementor-widget elementor-widget-image\" data-id=\"26354ee\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.19.0 - 28-02-2024 *\/\n.elementor-widget-image{text-align:center}.elementor-widget-image a{display:inline-block}.elementor-widget-image a img[src$=\".svg\"]{width:48px}.elementor-widget-image img{vertical-align:middle;display:inline-block}<\/style>\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"637\" height=\"487\" src=\"https:\/\/ficexchangeplc.ng\/wp-content\/uploads\/2024\/05\/ficx.png\" class=\"attachment-large size-large wp-image-2777\" alt=\"\" srcset=\"https:\/\/ficexchangeplc.ng\/wp-content\/uploads\/2024\/05\/ficx.png 637w, https:\/\/ficexchangeplc.ng\/wp-content\/uploads\/2024\/05\/ficx-300x229.png 300w, https:\/\/ficexchangeplc.ng\/wp-content\/uploads\/2024\/05\/ficx-600x459.png 600w\" sizes=\"(max-width: 637px) 100vw, 637px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-2c8318d e-flex e-con-boxed e-con e-parent\" data-id=\"2c8318d\" data-element_type=\"container\" data-settings=\"{&quot;content_width&quot;:&quot;boxed&quot;}\" data-core-v316-plus=\"true\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-27c55e5 elementor-widget elementor-widget-text-editor\" data-id=\"27c55e5\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.19.0 - 28-02-2024 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<h1><b style=\"color:green;\">FIC Exchange Plc<\/b><\/h1>ficx.ng offers development minded individuals and institutions, a profitable market-based approach to supporting economically disadvantaged communities and small businesses across African communities\n\nTokenization and Smart Contracts , among other things, allows for automation of access to finance processes, lowered barriers to investments in informal economies and improved transparency of the entire process\n\nThese communities through legally registered Community Development Associations or Business Cooperatives are encouraged to apply for FICx Certification and participate in this funding scheme that injects otherwise non-existent sources of capital for community infrastructure finance such as estates , road construction, power, water , housing , commercial farming , processing plants , schools , hospitals, etc.\n<h1><b style=\"color:green;\">What FICx Platform Does?<\/b><\/h1><ul>\n<li>Transform community infrastructure into digital assets.\n<li>Issue them as bonds to groups  \nof investors. \n<li> Raise long term,  affordable and sustainable finance.\n<li> Provide the life cycle  management through smart contracts. <\/ul> \n\n<h1><b style=\"color:green;\">VALUE PROPOSITION<\/b><\/h1>\n<ul>\n<li>Viable community infrastructure projects will be able  to raise capital more  easily, faster, and  at a lower cost by fractionalization of asset ownership.\n<li>For any type of community infrastructure financing including rural and urban roads , bridges , Energy , renewables, hospitals , schools , Real estate etc. \n<li> It can be used in connection with new projects but also with the tokenization of existing projects.\n<li>  To create more liquidity among existing owners         and make it easier to on-board new investors.  \n<\/ul>\n\n<h1><b style=\"color:green;\">KEY FEATURES<\/b><\/h1>\n<ul>\n<li><strong>Accountability :<\/strong> Group consensus such that each project can only commit transactions to verified channels with features to manage KYC and AML.\n<li><strong>Democracy : <\/strong>Transactions and Payments are voted by the community as governed by the smart contract and are trusted based on authentication. \n<li><strong> Independence : <\/strong>Projects can have decentralized structures, require KYC from their members but still be compliant with the local laws and jurisdictions.  <\/ul>\n\n<h1><b style=\"color:green;\">                       SMART CONTRACT <\/b><\/h1>\nA self-executing contract with the terms of the agreement directly written into codes.  \n\nThe codes and the agreements contained therein exist across a blockchain network. \n                  \nThis controls the execution of the project and makes  transaction payments  digitally trackable and irreversible.\n\n<h1><b style=\"color:green;\">                                           TOKENISATION <\/b><\/h1>\nThe process of issuing a security token   that  legally represents   a real-world asset\u201d\n\nEach fractional token owner will have their  own dashboard where they can ,\n\n communicate , vote , conduct meetings      on project implementation  or funds disbursements, receive dividends ,         purchase more or sell their tokens, etc. \n\n<h1><b style=\"color:green;\">                                                                                                   \t\t\t\t\tProject Listing  Advantages :<\/b><\/h1>\n<ul><li>                                                                                 \t\tAccess to a new class of  financiers.\n<li>Full control over simultaneous projects\n<li>   \t\tEliminate time-consuming  processes\n<li>   \t\tReduce administrative costs and errors \n<li>  Wide selection of payment channels \n<li> Traceability and  reissuance of tokens<\/ul>\n\n<h1><b style=\"color:green;\">                                                                                                   \t\t\t\t\tWho can List a Project for Funding ? <\/b><\/h1>\n<ul><li>SME Groups and Cooperatives, Community Development\/Landlord\u2019s Association, Financial Cooperatives, Micro Finance Institutions, NGO, Wards, LGA\/Municipals, State and\/or Federal Government.\n<\/ul>\n\n<h1><b style=\"color:green;\">                                                                                                   \t\t\t\t\tCOMMUNITY FINANCING GUARANTEES  <\/b><\/h1>\n<ul><li>This will typically be provided by the Community leaders , Local Government Authority , Tax Collection Unit , Community Residents in Diaspora ( both local and Global ) , NGOs , Development Finance Institutions , FG\/State Government Rural Development Funds.<\/ul>\n\n<h1><b style=\"color:green;\">                                                                                                   \t\t\t\t\tCOMMUNITY FINANCING GUARANTEES  <\/b><\/h1>\n<ul><li>This will typically be provided by the Community leaders , Local Government Authority , Tax Collection Unit , Community Residents in Diaspora ( both local and Global ) , NGOs , Development Finance Institutions , FG\/State Government Rural Development Funds.<\/ul>\n\n<h1><b style=\"color:green;\">                                                                                                   \t\t\t\t\tFICX TOKEN PURCHASE CHANNELS  <\/b><\/h1>\n<ul><li>As a global exchange , FICx Tokens can be purchase by corporates and individuals using normal currencies  when approved by the Securities and Exchanged Commission of Nigeria. <ul>\n\n<h1><b style=\"color:green;\">                                                                                                   \t\t\t\t\tWhat is the Community Certification Procedure? <\/b><\/h1>\n<ul><li>A Blockchain based on the biometrics of all the residents\/businesses and their status ( both local and diaspora)  as well as  the properties\/commercial interests , all created on a virtual digital map .\n\n The proposed community\/business development projects are listed and verified by independent Financial Inclusion Specialists. To determine the commercial viability and  value of each project token to be listed on FICx.\n\n Depending on the project, between 5 \u2013 15% of the listed assets are to be initially purchased by the business group\/community members before outsiders can purchase the tokens.\n\nPurchasers of Digital Asets on the FICx will have the value of their Tokens  linked to the physical growth of the economy of the community or small business group. \n\nAn annual repayment of funds realised from the Token sales are deducted digitally from the economic daily\/weekly\/monthly activities of the residents\/businesses  in the community\/group as return on investment for the digital assets share holders.<\/ul>\n\n\n<h1><b style=\"color:green;\">                                                                                                   \t\t\t\t\tPROCEDURE<\/b><\/h1>\n<ul><li> Payment of Onboarding fees to FICx to be submitted  with evidence of the source of originating funds and ID of individuals for KYC.<li>                                                                                                                                                             Submission of all available legal and approval documents of the            \n proposed projects,  location sites drawings , contractor agreements\n and project business development plan where available. <li>                                                                                                                                                     Provision of the documentation of locally registered association                    \nor cooperative with details of the individual governing board\n members for KYC\/AML.\n  <li>The proposed community project is listed and verified by independent specialists to determine the commercial viability and  proposed purchase value of each project token to be listed on FICx.\n<\/ul>\n\n<h1><b style=\"color:green;\">                                                                                                   \t\t\t\t\t                                                        \t\t\tPLATFORM OVERVIEW <\/b><\/h1>\n<ul><li>In developing countries, there is a huge deficit in funding and financing for Infrastructural projects due to tight constraints and limitations of government budgets for recurrent expenditures. Ironically, many of these neglected infrastructural projects can contribute significantly to GDP and job creation if the required funds to develop them is accessible in a timely and transparent manner. \n\u00a0\nFICx is set up to provide a blockchain-enabled investment platform that makes it easy for the crowdfunding of funding infrastructural projects, leveraging smart contracts and smart tokens.\n\u00a0\nThe FICx platform provides digitization of the end-to-end process across KYC, issuance, subscription, trading, dividends, and yields payments. FICx platform supports FIAT and CBDC currencies thereby promoting central banks\u2019 drive for the adoption of their CBDC such as the e-Naira.<\/ul>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>\t\t\t\t<![CDATA[\n\t\t\t\t\t\t]]>\t\t<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-1026","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/ficexchangeplc.ng\/index.php\/wp-json\/wp\/v2\/pages\/1026","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ficexchangeplc.ng\/index.php\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/ficexchangeplc.ng\/index.php\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/ficexchangeplc.ng\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ficexchangeplc.ng\/index.php\/wp-json\/wp\/v2\/comments?post=1026"}],"version-history":[{"count":9,"href":"https:\/\/ficexchangeplc.ng\/index.php\/wp-json\/wp\/v2\/pages\/1026\/revisions"}],"predecessor-version":[{"id":2780,"href":"https:\/\/ficexchangeplc.ng\/index.php\/wp-json\/wp\/v2\/pages\/1026\/revisions\/2780"}],"wp:attachment":[{"href":"https:\/\/ficexchangeplc.ng\/index.php\/wp-json\/wp\/v2\/media?parent=1026"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}