Finafex Exhange - The Future Of Crypto Assets Exchange, Custody & Trade Settlement

samdude (30)in #ico • 5 years ago (edited)

Finafex

The Finafex project aims to be the leading cryptocurrency trading platform for South-East Asia region by virtue of project's location, accessibility, usability, its cutting-edge technology, innovative tools, and trading packages; all features delivered in a regulated and legally sound environment.

The “Finafex” crypto-exchange project is unveiled by "Capital Investment Bank Limited", an Investment Bank licensed by the Labuan Offshore Financial Services Authority (LFSA). It is the 1st fully regulated crypto exchange in South-East Asia, based out of Labuan (an offshore financial hub in Malaysia).

Finafex Platform

CURRENT PROBLEMS IN THE CRYPTO INDUSTRY

The Finafex project aims to solve the key problems faced in the crypto industry:-

P1. Uncertain Legal Structure - In the current crypto setup, most of the crypto exchanges are not regulated, thereby making it risky for traders along with subject to increased government supervision, putting the business at risk.

P2. Security Issues - Crypto transactions are irreversible, due to which crypto exchanges are becoming an attractive target for criminals to steal funds.

P3. Illiquidity - Crypto exchanges, especially with a limited user base face liquidity issues, resulting in order execution delays and servers unable to cope up with the massive influx of order activity.

P4. High Trading Fees - Crypto exchanges today are charging users with hefty trading fee and withdrawal fees, in spite of recording significant growth in short period of time. This results in lower expected returns for users as a larger chunk goes off in trading fees. The profit margins are even smaller in the case for day traders.

Apart from the above mentioned factors, there are other factors such as 'Slow Throughput (Exchange)', 'Poor Customer Support', 'No Multi Lingual Support', 'Complex User Interface', etc.

FINAFEX ADVANTAGES

The Finafex project provides solutions to the problems currently faced in the crypto industry: -

S1. Regulatory Compliance - The Finafex project being licensed under 'Labuan Financial Services & Securities Act 2010 (LFSSA)', requires to take a proactive approach and adequate measures ensuring risk-free trading environment, and deploying sufficient safeguards to mitigate risks related to money laundering (AML / KYC) and the countering of financial terrorism while protecting the interests of Finafex's clients.

S2. Enhanced Security - Finafex provides a Bank Grade security and privacy features including automatic generation of a new public key for each transaction and manual one-touch address generation.
Apart from that, there will be other security features such as '2-factor authentication', password protection & timed logout accompanied with TLS encryption on all transactions.

S3. Liquidity Provision - In order to maintain sufficient liquidity in the exchange, the Finafex marketing team would lure potential investors, traders and institutional round investors to actively trade, by launching a massive marketing campaign where traders would be encouraged through lucrative referral offers, lower trading fees etc.

S4. Financial Stability with Coins - The Finafex Core exchanging system would adopt an advanced multi-layer and a multi-cluster architecture allowing a massive simultaneous mass flow of tokens inflows and outflows to the underlying core exchanging system. Further, a highly advanced accounting system will ensure stability from the failure of hardware and other disasters.

Apart from this, the other advantages offered by the Finafex ecosystem includes 'Multilingual Support', 'Seamless User Experience', 'Efficient Customer Service', 'High Performance Matching Technology', etc.

Further it offers a platform where Institutional Investors can participate in crypto driven portfolio diversification meeting regulatory norms and providing stability, returns and liquidity for their assets.
Institutional Investors can used Finafex ecosystem for both fiat and crypto 'settlement of international goods trading' using its proprietary blockchain based escrow service, where each trade would be governed by smart contracts.

ICO REVIEWS

The Finafex project has received good ratings from reputed ICO tracking websites.

https://icobench.com/ico/finafex [Rating 4.9/5]
https://icomarks.com/ico/finafex [Rating 8.7/10]
https://icopulse.com/ico/finafex [Rating 8.0/10] [ICO Verified]

SOCIAL MEDIA STATS [As of 20th Jan '19]

Telegram - around 18,750 users
Twitter - around 8,150 followers
Alexa Ranking (Medium)

ICO DETAILS

Finafex (FNX) will be the utility token used on the Finafex (exchange) ecosystem. The Finafex platform (exchange) will be hosted on the Ethereum Blockchain Network.

Symbol - FNX

No. of Tokens Available for Sale - 300 million FNX (i.e. 50% of the total supply; ICO Sale + Private Placement)

Soft Cap - US $ 5,000,000

Hard Cap -US $ 30,000,000

Payment Method - ETH, BTC, LTC, EOS

Token Standard - ERC-20

KYC Required - Yes

Restricted Countries - USA, China, Malaysia

Minimum Investment - US $ 50

The supply of FNX tokens is fixed at 600 million tokens, thereby minimizing the inflationary effects.

Pre ICO Stage

Start Date - 1st Dec '18 ||| End Date - 14th Jan '19
Token Price - 1 FNX = US $ 0.1
Bonus Offered - 30%
Token Limit - 100 million Finafex tokens

ICO Stage 1

Start Date - 15th Jan '19 ||| End Date - 30th Jan '19
Token Price - 1 FNX = US $ 0.1
Bonus Offered - 20%
Token Limit - 100 million Finafex tokens

ICO Stage 2

Start Date - 1st Feb '19 ||| End Date - 15th Feb '19
Token Price - 1 FNX = US $ 0.1
Bonus Offered - 10%
Token Limit - 100 million Finafex tokens

FNX Token Distribution

Finafex ICO Proceeds

FINAFEX TEAM

The Finafex project is conceptualized by a team of experts possessing wide range of professional experience in the fields of digital marketing and brand management, advertising and marketing, financial services / banking and regulatory, blockchain technology development, business development and product management, ICO management, information technology management and software development, etc.

The Finafex project is led by Norita Ja'afar (Founder and CEO), a business strategist and visionary leader (Audit Director) with more than 20 years of experience in the fintech, IT and services industry, blockchain technology, distributed ledger technology and cryptocurrencies and Rashdan Ramlee (COO), professional with over 20 years of experience in fund raising, fund raising and process optimization.

For more information on the Finanfex team and advisors, please refer the following project website link: -
https://finafex.com/#team

FINAFEX PROJECT' ROADMAP

CONCLUSION

Thus, the Finafex project is one of the most conceptualized projects aiming to bring a legalized cryptocurrency based exchange (trading cum investment platform) in South Asia region by virtue of project's location, accessibility, usability, its cutting-edge technology, innovative tools, and trading packages; all features delivered in a regulated and legally sound environment.

It is a licensed crypto exchange by 'the Labuan Offshore Financial Services Authority (LFSA), Malaysia'. The Finafex project will solve the existing problems associated with crypto-trading and crypto-exchanges by offering 'Enhanced Security', 'Sufficient Liquidity Provision', 'High Performance Matching Technology', 'Multilingual Support' etc.

For Institutional Investors, the Finafex platform offers international trading settlement through its proprietary blockchain based escrow service, where each trade would be governed by smart contracts.

For more information on the Finafex project, please refer the following links: -

Website: https://finafex.com/
Whitepaper: https://finafex.com/whitepaper.pdf
Onepager: https://finafex.com/one-page.pdf
Twitter: https://twitter.com/finafex
Facebook: https://web.facebook.com/Finafex-2134722780111754/
Telegram: https://t.me/Finafex
LinkedIn: https://www.linkedin.com/company/finafex/
Medium: https://medium.com/@finafex
YouTube: https://www.youtube.com/channel/UCEJcA9vCRH3qJiAfVTrNtGg