Feniks.Finance - Financial Blockchain based system

nugezmils (2)in #blockchain • 6 years ago

Blockchain technology is a transparent digital ledger of transactions and records that are immune to change or deletion. Offering additional traits of increased security, lower costs, time efficiency, and error resistance, blockchain has risen, fluctuated in 2017. The utility of blockchain technology is limitless, sparking the growing list of companies, industries, and government exploring its potential adoption. The blockchain is an immutable public ledger that records digital transactions.

ABOUT Feniks.Finance

Feniks.Finance is a new financial blockchain based system, created on a fundamentally new concept, capable of scaling its speed as needed and adding new functionality. Feniks.Finance can be used as an international banking system for information transfer and payment execution. The first version of Feniks.Finance will be able to handle payments and storage of users' funds. Namely, the banking transactions labeled in the SWIFT system with MT103 as payment sent and MT202 as a receipt and crediting of the payment to the account. The next step in the development of the system will be a 700 group of SWIFT operations, namely documentary transactions better known as guarantees and letters of credit. The introduction of the 500 group, that is, the operation with securities, suggests that an exchange will appear in our network.

The technical characteristics of Feniks.Finance will be decisive, as none of the solutions we studied can in fact provide the speed of 50,000 transactions per second, which are necessary in order to create real competition with the current financial and payment systems. Feniks.Finance is a high performance blockchain based platform, which leverages blockchain technology for security and transparency in operation. Described in previous sections, the problems and solutions proposed by Feniks.Finance platform, require high level expertise in information technology. Feniks.Finance team has a vast expertise in building and hosting high performance network infrastructure and in blockchain technology.

One of many important technical aspects behind the Feniks.Finance platform solution is that it runs on a cloud-enabled blockchain based system consisting of multiple compute, storage, and networking servers. To serve the current users demands, the platform is scalable up to 50,000 transactions per second (TPS). Feniks.Finance blockchain based platform is designed to run at even higher rates of performance (100,000, 200,000+ TPS), which are achievable with additional hardware and datacenter resources.

Feniks.Finance and BLOCKCHAIN TECHNOLOGY

Feniks.Finance is a high performance blockchain based platform, which leverages blockchain technology for security and transparency in operation. Described in previous sections, the problems and solutions proposed by Feniks.Finance platform, require high level expertise in information technology. Feniks.Finance team has a vast expertise in building and hosting high performance network infrastructure and in blockchain technology.

BENEFITS OF Feniks.Finance platform

High Transaction Speed

Network speed exceeds 50,000 transactions per second, which is enough to replace the VISA payment system. It can be used as an alternative to the SWIFT system.

Low Transaction Fee

The fee of one transaction is 1 Feniks coin.

“SWIFT” on the Blockchain

World-class blockchain alternative for interbanking settlements with semantics and functionality of SWIFT.

Bank Secrecy

The access level to the information about their assets is determined by the account owner, by providing or not anyone with a temporary or revocable key to access information about his/her account.

Masternode System

Members of the Feniks.Finance network are the holders of nodes. In order to become one, you need to own a certain number of coins, which are blocked for the node’s lifetime. Feniks.Finance node is a server of a certain capacity, operating Feniks.Finance software, and connected to its network. Thus, Feniks.Finance implements the principle of transactions confirmation by the owner of coins, also known as Proof of Stake mining.

Universal Financial Gateway

As many other distributed blockchain networks, Feniks.Finance is a universal solution. In addition to servicing financial flows, we see Feniks.Finance as a platform for knowledge base, legal solutions, network games and any other area of activity requiring collective participation.

The Feniks.Finance will host not only structures exchanging crypto-currencies, but also exchanges corresponding to securities modern trading standards. Speed of Feniks.Finance will also support high frequency trading and all forms of settlement of the transaction/delivery including commission rebate.

TOKEN AND ICO DETAILS

Token total supply: 100 000 000 000

Token available for sale: 50 000 000 000

Symbol: FENIKS

Contribution method: ETH

Token price: 1 ETH = 1 000 000 Feniks

Hard cap: 50 000 ETH

Soft cap: 15 000 ETH

Private sale: 5 000 000 000 (5 000 ETH)

Pre-sale: 20 000 000 000 (20 000 ETH)

Sale: 25 000 000 000 (25 000 ETH)

Development fund: 16 000 000 000

Team: 10 000 000 000

Strategic partners fund: 10 000 000 000

Liquidity fund: 7 000 000 000

Marketing: 7 000 000 000

TOKEN DISTRIBUTION

FUNDS DISTRIBUTION

ROADMAP AND DEVELOPMENT PERSPECTIVE

2016

This year is the genesis of the Feniks.Finance project. At that time the idea, concept and design were formed. In 2016 Marketing research was conducted to find out interest of current market and to learn potential competitors.

2017

Core team was formed to start the organizing process and to complete essential technical and legal documents for the Feniks.Finance system.

2018 Q1

At this time interval the team brought into line and issued a document of project requirements.

2018 Q2

Official start of development flow according to approved project requirements.

New members joined the core team.

Private sale

2018 Q3

Testnet launch

Pre-sale

Public sale

Beta version of the Feniks.Finance system

Listing on exchanges

2018 Q4

Mainnet launch

Masternodes launch

Conclusion of new partnerships

Exchange of utility Feniks tokens to Feniks coins

Implementation of banking component groups which are:

-MT100 (money transfers)

-MT200 (acceptance or rejection of money orders)

-MT900 (free format messages without key obligations)

2019 Q1

Marketing, promotion, PR campaigns

Conclusion of new partnerships

Listing on exchanges

2019 Q2

Integration of MT700 (letters of credit and bank guarantees) banking component group

Conclusion of new partnerships

2019 Q3

Implementation of banking practices and clauses described in ICC500 standard

Conclusion of new partnerships

Above you can see the roadmap — how the team sees their nearest and long-term future.

TEAM MEMBERS AND ADVISORY MEMBERS TO THE PROJECT

Team seems to be the strongest part of this project. It consists of innovative and talented people. Of course I cannot complain if we talk about their professional level, guys indeed are experts on their field.

Feniks.Finance is a universal solution. In addition to servicing financial flows, we see Feniks.Finance as a platform for knowledge base, legal solutions, network games and any other area of activity requiring collective participation. You can be a part of this tremendous project and follow these links for more information;

WEBSITE:https://feniks.finance/

WHITEPAPER:https://feniks.finance/#docs

LIGTHPAPER:https://feniks.finance/docs/EN.pdf

ANN THREAD:https://bitcointalk.org/index.php?topic=4414073.0

TWITTER:https://twitter.com/feniks_finance

TELEGRAM:https://t.me/feniks_finance_original

REDDIT:https://www.reddit.com/user/feniks_finance

GITHUB:https://github.com/FeniksFinance

YOUTUBE:https://www.youtube.com/channel/UCfLZHaUtxI93VUslyU6vR4w

MEDIUM:https://medium.com/@feniks.finance

Author

nugezmils