FINANCEX PROJECT AND ICO REVIEW

noma45 (36)in #cryptocurrency • 6 years ago

OVERVIEW

Since the invent of blockchain technology, developers have created thousands of cryptocurrencies which is focused on different sectors of the economy such as energy, agriculture, banking, shipping and so many others. Currently, the cryptocurrency market capitalization is worth over $610 billion. Despite the fact that the cryptocurrency market is still a growing market, there are more than 1500 cryptocurrencies today and there are still a lot more to come. However, these cryptocurrencies are faced with countless challenges such as listing on exchanges, difficulties in trading, high volatility, secure transaction, issue of storing coin and the high risk involved among others.

Cryptocurrency exchanges are online platforms where you can exchange one cryptocurrency for another cryptocurrency or sometimes for Fiat currency. A cryptocurrency exchange is a third-party platform from which one can purchase or trade Cryptocurrencies. A Cryptocurrency can simply be exchanged for Fiat or different Cryptocurrencies on an exchange. There are varieties of Cryptocurrency exchange depending on the type of services they give. They can be trading platforms, peer-to-peer exchanges or brokers. In determining an exchange, factors such as security, speed, fees, the process of buying, ease of use, effective customer service, etc. need to be analyzed.

INTRODUCING FINANCEX PLATFORM

FINANCEX is on a mission to provide users with a simple, reliable and low-cost service to use, buy, sell, and trade Local currency(FIAT) from range of countries, that also allows users to actually purchase and sell cryptocurrencies directly with FIAT currencies. These include local or international bank transfer, VISA or MasterCard, and E-wallet options (PayPal, Screw, etc.)

FINANCEX builds the next generation digital asset exchange for traders of every skill level and enable users to trade using the local currency from a range of countries with the aim of making digital currency trading accessible to everyone.

FINANCEX will develop a decentralized exchange (2020 - 2021) when the platform is used for a variety of purposes in trading, asset valuation and many more future services.

SUPPORTED COUNTRIES AND FIAT

FINANACEX exchnage platform allows users to trade with different kinds of Fiat currencies. Below are the supported countries connecting the FINANCEX exchange platform in the South-East Asia.

PROBLEM STATEMENT

There are so many cryptocurrency exchanges existing in the world today, and many of them accept crypto to crypto trading pairs. Few of these exchanges also accepting FIAT currencies but they also have their own limitations. Here are some of the problems facing the crypto exchanges of today

High Trading Fees: Popular exchanges can charge between 0.5% to 3% in fees.
Waste of Time: So many crypto exchanges do not accept FIAT and users will have to buy intermediary coins such as ETH and BTC in order to exchange for other crypto pairs.

Security: So many Exchanges do not have a strong security to protect users assets.

Technology: So many crypto exchanges have poor technologies that makes the trading process slow and a low transaction per second (TPS)

Low Liquidity: So many cryptocurrency exchanges has a low liquidity that makes it difficult for traders to see a buyer.

Trading Pairs: Other crypto exchanges only allow trading pairs of crypto to crypto. They do not ave trading pairs for Fiat.

Poor UI: There are so many crypto exchanges that has a poor User-interface which makes it difficult for users to Navigate through the platform.

Payment Methods: other crypto exchnages hasve a time wasting Payment Method that can take over 5 hours or longer before it reflects on the traders balance.

PROFFERED SOLUTION BY FINANCEX

Easy To Use: From the Diagram above, the FINANCEX exchange has a well designed User interface that makes the trading experience enjoyable and convenient for Traders.

Trading Pairs: The FINANCEX platform makes it possible for users to trade directly form crypto to Fiat and vice versa.
Users only need to transfer money from their bank accounts directly to the FINANCEX platform and buy any cry[to asset of their choice.

Payment Methods: The FINANCEX platform has a simple payment methods that allows users to deposit and withdraw at a very little amount of time, which can be a maximum of one (1) Hour.

High Security: The FINANCEX platform offers users with top notch security ssytem that Notifies Users when account is logged in form a new IP Address, 2factor Authentication, KYC Verification and so many more.

High Liquidity: The FINANCEX platform gurantees its users with high liquidity and stable trade volumes.

Low Trading Fees: FINANCEX exchange will proivide users with low trading fees compared toother exchanges.

BENEFITS OF FINANCEX PLATFORM

When Investors use FNX tokens, they will get discounts on fees randging form the 1st 6 months on the platform to the 3rd year and this starts with a discount of 50% on Fees.

Deposit and Withdrawal fee is free of charge on FINANCEX platform.

Account Maintenance fee is Free of charge

Wallet Funding With Fiat currency

High Liquidity

Standard Security

FINANCEX TOKEN (FNX)

The FNX token will be the official trading currency on the FINANCEX platform. It is built on the Ethereum Blockchain based ERC20 standard. FINANCEX will release a total of 900 million FNX Tokens which will be the official trading currency that will increase liquidity in the platform.

TOKEN DETAILS

Token Symbol: FNX

Platform: Ethereum (ERC20)

Total Supply: 900,000,000 FNX

Distributed in ICO: 320,000,000 FNX

PreICO price: 1 FNX = 0.014 USD

Price in ICO: 1 FNX = 0.047 USD

Soft cap: $ 3,000,000 USD

Hard cap: $15,000,000 USD

KYC: YES

Country: Singapore

ICO STAGES AND BONUS ALLOCATIONS

PRE SALE

Start At: 2018-09-20

End At: 2018-11-14

Total Quantity: 85,000,000 FNX

Sold: 29,483,782 FNX

34.69% Sold

FNX Price = 0.014 USD

54,722,290 FNX Available

1 BTC = 456,929 FNX = $ 6397.00

1 ETH = 14,211 FNX = $ 198.96

ICO ROUND 1

21 Nov - 24 Dec

Amount of tokens: 120,000,000 FNX

Price 1 FNX = $0.028 USD

ICO ROUND 2

5 Dec - 19 Dec

Amount of Tokens: 110,000,000 FNX

Price: 1 FNX = $0.036 USD

ICO ROUND 3

20 Dec - 31 Dec

Amount of tokens: $90,000,000 FNX

Price: 1 FNX = $0.047 USD

JOIN the Presale stage Now: https://ico.financex.io/register

TOKEN ALLOCATION

FUNDS ALLOCATION

ICO ROADMAP

FINANCEX PROJECT ROADMAP

TEAM

PARTNERS

CONCLUSION

Conclusively, FINANCEX is an exceptional cryptocurrency exchange that accepts Fiat payment methods directly to users tarding Accounts on the FINANCEX exchange platform. This makes trading faster and easier as users can buy or sell cryptocurrencies directly.

For more details and participation please visit

Website: https://ico.financex.io/

Whitepaper: http://drive.google.com/file/d/1rYAQXQW0UJWLnxB7mYRHq3PxEsA4i8Bf/view

Facebook: https://www.facebook.com/FinanceX.PrivateSale/

Twitter: https://twitter.com/@therealFinanceX

Telegram: https://t.me/FinanceX_Token

Financex Exchange: https://financex.io/

Linkedin: https://www.linkedin.com/company/next-generation-exchange-ltd-financex-exchange/

Reddit: https://www.reddit.com/user/FinanceX

Medium: https://medium.com/@FinanceX

Youtube: https://www.youtube.com/channel/UCDC6DrhaS4Ck9l2dO8CymMQ

Head Office: