Nafen is essentially an old goat in a new skin. It is an already existing company that decided to tokenize its product. Therefore Nafen, the company, produces unique alumina nano-fibers of which it intends to sell to investors across the world. Nafen the company is based in Europe but investors worldwide will be able to purchase the tokenized commodity from which whose funds Nafen is planning to expand and increase its production so that its product can be available to more customers.
The technology behind Nafen has been patented but Nafen the company is now willing to let consumer companies benefit from the technology by contributing in its Crowdsale and allowing the company to increase production. The market for Nafen is too large with minimal production facilities, therefore, the ICO should enable the company to raise enough funds for expansion.
The Nafen Company is already in existence, therefore, the product that investors are buying into is already being produced only the funds will be used to produce more of it. This venture reduces the risk of a bad investment for investors.
The Nafen Company has customers and partners already which means that the contracts are already in place for the demand. Therefore, the funds collected should be able to help the company hit the ground running.
Nafen is alumina nano-fibers used to create a high tensile metal ideal for the creation of high-quality mechanical parts such as motor vehicles, aircraft, energy creation equipment, nuclear reactor cylinders, metallurgy industry parts and several other applications that require high tensile metal.
The technology responsible for the creation of the nano-fibers utilizes cheap material and significantly reduces the cost of production. The result is an unbelievably strong metal that is significantly cheap. The polymer-based material that is produced by Nafen has some of the following characteristics:
• High strength, high tensile, highly flexible and tough
• Fire resistant
• Highly durable and long-lasting
The token metrics for the Nafen token are already released and the presale has already concluded. The upcoming ICO has not yet been announced but is expected in the coming months. These are the token metrics released so far:
Buy with: Fiat and Crypto
Platform: Ethereum, ERC-20
Location: European Union, Estonia
A total amount of 170 100 000 NFN tokens may be issued to token sale participants, that is equivalent to 170.1 tons of NAFEN™ nano-fibers.
This means that each NFN token will be an equivalent of a 1gram of Nafen material.
1 NFN token price = € 0.1 Minimum purchase = € 50
Soft-cap = € 2,500,000
Hard-cap = € 14,000,000
The token sale comes with very generous bonuses up to 50%.
The Nafen ICO has a rather vague roadmap lacking the necessary details about future updates and company targets. The following is a run-down of the official roadmap released by the company:
4th Quarter 2018
Investment campaign. Search for a production site. Engineering and technical surveys.
1st Quarter 2019
Production site long-term lease. Production plant design works. NFN tokens listing on crypto-exchanges.
2nd Quarter 2019
Purchase orders for the equipment, including reactors for production. Approval of the optimal construction plan. Searching for Plant Construction partner.
3rd Quarter 2019
Signing an agreement with the construction company. Full-scale construction works.
4th Quarter 2019
Delivery and installation of the first reactors.
1st Quarter 2020
The final stage of the construction works. All reactors are delivered and installed.
2nd Quarter 2020
Test launch of the reactors.
3rd Quarter 2020
Finalizing production modes. Ready to start the sales.
Roman Gertcev – CEO (https://www.linkedin.com/in/roman-gertcev-02783397/)
Vladimir Jeletski – CFO (https://www.linkedin.com/in/vladimir-jeletski-87187246/)
Ivan Golovanov – Project Manager (https://www.linkedin.com/in/ivan-golovanov-535089154/)
Tim Ferland - Commercial Director (https://www.linkedin.com/in/tim-ferland-2a16bb8b/)
The team is fully based in Estonia in Europe, the headquarters of NAFEN.
The project is solid, the company has a ready clientele already. From an investor point of view, the project is solid, the ICO should be a success with all the incentives in place.