Frasindo began in 2013, based in Indonesia. The company deals with online taxi business, car rental and driver hiring. It has authorization from the government of Indonesia to operate this business and is the official partner of GRAB, UBER and GOCAR. It mainly supplies cars and drivers to these taxi companies and to corporates. They are yet to start renting cars to members of the public, but plans are underway to begin doing so soon.
Frasindo released FRAS COIN between 2016 and 2017. The coin was released on the Ardor Ignis and Stellar blockchain platforms. You can trade this coin at the Stellar/Ardor asset exchange or at the Coin exchange platform. Trading the FRAS COIN at the Stellar/Ardor exchange is free. You do not pay any commission. However, using the coin in your Stellar or Ardor Ignis wallet will require you to pay a commission.
Frasindo FRAS Team
It is always good to know the team behind any company or ICO before making a decision to buy or invest. Here are a few members from Frasindo
He is the Chief Executive Officer (C.E.O) and a co-founder with years of experience in entrepreneurship. He is said to be a perfectionist and a humanitarian.
She is a co-founder with years of experience in the hospitality industry. She is good in management and customer service. Lidya is also working for Singapore Airlines
These two with others are the leaders of this company. The developers and back-end support staff include Kamaludin Akbar, Dian Salma and Indra Gunanda among others
Is it Secure to Invest in the Frasindo FRAS Coin?
Frasindo’s mission is to create a secure company based on the blockchain technology. They claim that their company is secured by real assets but they have not listed or specified those assets. Despite this, the company says that it is self-sustainable since it generates its income from the taxi business. Here are some more reasons you may want to consider
- The company is recruiting more IT developers to further strengthen and secure their system.
- It has legal mandate from KUPVA and KUPU, the central bank of Indonesia, and is constantly monitored by OJK. OJK or Otoritas Jasa Keuangan is a government agency that supervises and regulates the financial sector in Indonesia.
- Their asset certificates are checked by the company’s team of notaries to ensure that they are legal.
- Escrow security backed up by NXT foundation in Netherlands
They are also developing a security system that will be accessible to their users. This system will include a 24 hours surveillance system, vehicles with 3 GPS trackers and constant updates via users’ mobile phones.
Is it Profitable to Invest in Frasindo FRAS Coin?
FRAS COIN crowd sale is on and will end on April 15, 2018. The earlier you invest, the more the discount you get. Frasindo promises high returns on your investment, but you should carry out due diligence. There is a possibility of earning up to 37.96% per annum on your investment, with the minimum you can earn being 8.88% cushioning investors from tough economic times.
Unlike bank deposits and government bonds, investments here are not locked and earn way much better interest. You also get to get benefits such as free car usage with drivers.
Frasindo might be offering all of these benefits, but make sure you research more before investing. You can test with a small amount and monitor their response.