The Accounting System for Cryptocurrency Portfolios

Keep a record of cryptocurrencies and analyze the current state of your funds on various exchanges and e-wallets with the help of our system.

We already have a working beta-version of our service. (http://beta.fintab.io/)

Background to the Creation of FinTab

The most full-featured services today may offer such functions as:

• Accounting of currency addition and exchange.
• Dashboard.
• Standard reports with an export feature.
• Data importing from CSV.
• Complicated integration with exchanges via API.
• Portfolios.

At the same time, not a single service can offer:

• Both a desktop version and a mobile app at the same time.
• Possibility of accounting the ICO tokens (the ones that haven't been issued yet).
• Keeping a record of exchanges and wallets the currency was purchased at.
• Separate agency and client accounts.
• Calculation of portfolio changes and it's ROI considering multiple transaction types (replenishment, withdrawal, exchange).
• Calculation of currency changes considering multiple transaction types (replenishment, withdrawal, exchange).

Solution

We are creating a system which is going to have a user-friendly design and a broad functionality, realizing the features that no other service has up to this day. Besides, we already have a working beta-version of our service.

Our goal is to become the biggest multi-platform cryptocurrency accounting service one year from now.

Target Audience

We're making the system suitable both for personal use and for investment management. FinTab is intended for use by several user categories, each of them demanding a certain functionality:

• Individual investors — users buying crypto-currencies for medium and long-term positions, who almost do not engage in active trade and mainly rely on the growth of currency exchange rates.
• Traders — active users, working both on short and long positions. They perform numerous transactions and may have several active.
• Trusts (manage) — traders who take third-party finance under management and supervise several clients.
• Funds — a separate category, distinguished by a large number of clients and a high flow of transactions. We are ready to offer them the individual boxed versions or extended functionality for specific tasks.

Investors’ and Users’ Interest

There are 2 contrary types of interest here:

• Investors’ interest — the continuous growth of the token value with the purpose of benefiting from buying and selling FNT.
• End users’ interest — the quality product on a reasonable price.

Investments are needed for the development of the system, and we are interested in ensuring that the FinTab service is a quality SaaS-product attractive for users.

We’ve estimated the potential number of users of our system by the third quarter of 2018. Based on the resulting number, we’ve calculated the amount of tokens that can be released to the market, so as not to devalue the service and the token (the main purpose for tokens is paying for the FinTab service).

After the final stage of the ICO, the tokens will be freely traded on exchanges and their value will be regulated by the market and the number of users of the system.

Regardless of the token rate, the service cost will be fixed in FNT.

Investors’ Interest

Fixed service pricing (FNT) ensures:

• The primary value of the token, as a method of the crypto-currency accounting service payment.
• The growth of the FNT rate towards other currencies as the number of FinTab users increases (growth in demand for FNT tokens).

Projected dynamics of the FNT rate and ICO bonuses:

• Pre-ICO: 1FNT = $0.1
• ICO + bonuses: 1FNT = $0.3
• ICO: 1FNT = $0.4
• Estimated market value: 1FNT = $0.8

Accruals:
In order to return tokens on the market after using them withn the system, the tokens will be accrued to investors' accounts depending on their quantity owned by the holder (look for more details in our WhitePaper in the "Issue and sale of tokens" section).

Users’ Interest

• Decentralized token circulation eliminates the possibility of a sharp deficit (the tokens used in the system will not be destroyed).
• The fixed cost of the service (FNT) will ensure the decentralized regulation of the FNT token value.
• Possibility to get high-quality product for low cost: you can buy tokens during the pre-ICO and ICO and use them for further service payments.

Issue and Sales of FNT tokens

The FinTab (FNT) token is issued on blockchain based on the Ethereum code. It will be available for purchase for BTC, ETH and other crypto-currencies. The process of selling the tokens will be protected by the investor's personal backoffice.

In FinTab tokens, a smart contract will be implemented to return tokens to the market:

• 10% of all tokens used for the service payments go to the FinTab Team.
• Remaining 90% of tokens go to the investors in a form of accruals, in proportion to the number of FNT tokens in their account relative to the total amount of FNT.
  
  Smart-contract ensuring the token circulation within the system.
  *Only the holders of more than 2000 FNT take part in the process of token distribution.

Fundraising and issue of FinTab tokens is intended to finance the development of the system and the implementation of blockchain technology, as well as raising funds for marketing and promotion purposes.

A total of 35 million FinTab tokens (FNT) will be issued:

• 28 mln FNT will be sold out in total during all ICO stages.
• 3 mln FNT reserved for the team and partners.
• 1 mln FNT reserved as the bounty for helping the project.
• 3 mln FNT will constitute a reserve fund*.
  
  *If all tokens are sold out within the first 3 weeks after the start of the ICO, the reserve fund will be used. Otherwise, tokens from the reserve fund will be destroyed.

Stages of the ICO

1. Pre-ICO (October 12 — November 12, 2017).
2 mln FNT will be sold out during the pre-ICO.
1 FNT = $0.1

Soft Cap — $43,000
Cap — $100,000
Hard Cap — $200,000

The collected funds will be used for the development and promotion of the service, mobile applications, marketing and for the FinTab team salary fund.

1. ICO (December 2017).
   26 mln FNT will be sold out during the ICO.
   1 FNT = $0.4

Soft Cap —10 mln FNT sold
Cap — 18 mln FNT sold
Hard Cap —26+3 mln FNT sold

The following bonus system will operate:

• Within the first 48h + 30% of tokens.
• Within the next 5 days + 20% of the tokens.
• Within the second week + 10% of tokens.
• Within the third week + 5% of tokens.
• Bonus accruals will not be made during the fourth week.
• If all tokens are sold out within the first 3 weeks after the start of the ICO, the reserve fund will be used. Otherwise, tokens from the reserve fund will be destroyed.

After the fourth week, the sale of tokens ceases. All unsold tokens will be destroyed.

The collected funds will mainly be spent on the development of infrastructure components of the system and its integration with cryptocurrency exchanges to obtain up-to-date data on cryptocurrency rates and tokens, which will improve the accuracy and timeliness of the information displayed in the system. Also part of the funds will be used for marketing and added to the Team’s salary fund.

The collected funds will allow:

• Blockchain integration for processing and storing of the user transactions database.
• Support of the constant development of the system.
• Creation of the Technical Support service.

System Development Plan (Roadmap)

August 3 – September 17

• Closed alpha-testing.
• Manually adding and editing transactions (including the accounting of fees).
• Adding and working with an unlimited number of portfolios.
• Portfolio information.
• Purchased currency information (date, quantity and place of purchase).
• Exchange/wallet information (financial summary, type and quantity of currencies).
• Adding custom currencies and exchanges/wallets.
• Profit/loss evaluation, dynamics of a certain portfolio or currency.
• English localization.

September 18 – October 11

• Beta-testing.
• CSV importing.
• UX/UI design elaboration.
• Mobile application development for Android.
• Preparation for the pre-ICO.

October 12 – November 30

• Start of the pre-ICO (October 12).
• Release of the Android app.
• Integration with exchanges via API.
• Export of statistics.
• Addition of analytic tools.
• Mobile app development for iOS.

December

• Carrying out of the ICO.
• Elaboration of the "Manage" accounts functionality.
• Test of the service monetization system.

January – May 2018

• Development of our own API for currency exchange rates, ICO tokens and their historical data.
• Blockchain integration for processing and storing the user transactions database.
• Creation of the Technical Support service.

Persistent perfection - always.

Apply for the pre-ICO

http://fintab.io

More information:

https://docs.google.com/document/d/13O2JAcVN693Z_GCj8_rMVyzqLutNM3d_uTNYj5Hc6rw/edit?usp=sharing**

Contacts

E-mail: [email protected]
https://bitcointalk.org/index.php?topic=2193271.msg22027005