Creation Background of FinTab
Currently there are various kinds of cryptocurrencies that can be of interest to investors, traders and trusts. At the same time, not all of those currencies are always on a single exchange and their rates can also vary greatly. All of these factors cause the accounting problem of the cryptocurrency portfolio: the portfolio can contain many different currencies from different exchanges, which makes it difficult to get the true value of a person's current state finances, as well as the profitability of a particular currency or the whole portfolio.
Possible solutions:
● Talking about a small amount of about 1 to 5 currencies and long-term investments is not a big deal - you can just write down their purchase level on paper and wait for change.
● As the amount of currency rises to 5-10, the Google Table may be a good choice. The table can be accompanied by a script for automatic importing of exchange rates and turns into a table showing the profitability of the portfolio. But the addition of new transactions can be tiring and very easy to make mistakes.
● You can use cryptocurrency accounting service. Let's look in detail at this option.
On this day, all existing services can be divided into 3 categories:
1. wide function, but unhandy interface.
2. good design and usability, but lack of features.
unfinished or unsupported beta versions
Portfolio comparison of accounting services
The most feature-rich services today may offer functions like:
● Accounting for currency addition and exchange.
● Dashboard.
● Standard reports with export feature.
● Data importing from CSV.
● complicated integration with exchange through the API.
● Portfolio.
At the same time, not one service can offer:
● Both desktop versions and mobile apps at the same time.
● Possible accounting of ICO tokens (people who have not been published yet).
● Maintain exchange records and currency wallets purchased at.
● Separate institutional and client accounts.
● Calculation of portfolio changes and ROI considers several types of transactions (filling, withdrawal, exchange).
● The currency calculation of changes takes into account several types of transactions (filling, withdrawal, exchange).
Solution
We created a system that will have a user-friendly design and extensive functionality, realizing features that no other service has to date. In addition, we already have a working beta version ofour service.
Our goal is to become the largest multi-platform cryptocurrency accounting service one year from now.
Market Volume
Target Audience
We make systems that are suitable both for personal use and for investment management.FinTab is intended for use by several categories of users, each requiring a specific function:
· Individual investors - users buy crypto-eyes for medium-term and long-term positions, which are virtually uninvolved in active trading and primarily rely on exchange rate growth.
· Merchants - active users, working both in short and long positions. They do a lot of deals and may have some active. Unlike "individual investors", traders perform a series of transactions: multiple transactions in the same currency - purchase, exchange, transfer, withdrawal
· Trust (manage) - in other words, merchants who take third party finances under management and oversee multiple clients. They should be able to separate agents and account clients, and actively interact with technical support for individual improvement.
Monetization System
FinTab is a SaaS product with paid services. Fees for services for "Pro" and "Manage" accounts will remain in USD, but payment is received at FinTab token (FNT).
Interest of Investors and Users
There are 2 types of conflicting interests here:
● Investor interest - continuous growth of token value in order to benefit from buying and selling FNT.
● end user interest - product quality at a reasonable price.
The investment required for system development, and we are interested to ensure that the FinTab service is a quality SaaS-product that appeals to users.
After the final stages of ICO, tokens will be free to trade on the exchange and their value will be regulated by the market and the number of system users.
Regardless of the token level, the service charge will remain in USD, while only FNT tokens will be accepted as payment for the service and will be burned after payment, about this below:
● «Pro» Accounts - $ 19 per month
● «Manage» Accounts - $ 95 per month
User Interest
The interests of investors and users can often be the opposite. To avoid a sharp increase in service charges due to lack of evidence, we make payments for fixed services in USD: with FNT growth rates, service charges on tokens will decrease, the rest remain in USD.
In addition, with an increase in token fees, you can save a lot on using this service if you pre-purchase (pre-ICO or ICO) FNT tokens.
FNT Token Issues and Sales
The FinTab (FNT) token is issued on a blockchain based on the Ethereum code. It will be available for purchase for BTC, ETH and Crypto-other currencies. The token sale process will be protected by the investor's private backoffice.
In the FinTab token, a smart contract will be executed to burn tokens that have entered the system as payment for services:
1. When paying for service 10% of FNT tokens pass to FinTab team.
2. The remaining 90% of the tokens are burned.
Fund raising and FinTab token issues are intended to finance system development and application of blockchain technology, as well as raising funds for marketing and promotional purposes.
A total of 30 million token FinTab (FNT) will be issued:
● 23 million FNT will be sold out in total during all stages of ICO.
● 3 million FNT is reserved for teams and partners.
● 1 million FNT is reserved as a gift to assist the project.
● 3 million FNT will be a reserve fund *.
Stages of ICO
1. Pre-ICO (October 12 - November 12, 2017).
2 million FNT will be sold out during pre-ICO.
1 FNT = $ 0.1
Soft Cap - $ 63,000 Hard Cap - $ 200,000
The collected funds will be used for the development and promotion of services, mobile applications, marketing and for FinTab's payroll team funds.
2. ICO (December 2017).
26 million FNT will be sold out during ICO.1 FNT = $ 0.4
Soft Cap -8 million FNT soldHard Cap -21 (3 in case of reserve sale) FNT million sold.
The following bonus system will operate:
· In the first 48 hours + 30% of tokens.
· In next 5 days + 20% of tokens.
· In second week + 10% of tokens.
· In the third week + 5% of tokens.
· Accrual Bonus will not be made in the fourth week.
· If all tokens are sold out within the first 3 weeks after the commencement of ICO, a reserve fund will be used. Otherwise, tokens from a reserve fund will be destroyed.
After Week Four, Token Stops Sales. All Unsold Tokens Will Be Destroyed.
Funds collected will mainly be spent on developing system infrastructure components and integration with cryptocurrency exchanges to obtain up-to-date data at cryptocurrency and token levels, 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 payroll.
Funds raised will enable:
● Blockchain integration for processing and storing user transaction databases.
● Support from the constant development of the system.
● Creation of Technical Support services.
Bounty Program
Starting from the gift: October 2, 2017.End the gift: with the pre-end of the ICO on November 12, 2017 (the new bounty program will be published for the main stage of the ICO).
Campaign budget: 1 000 000 (1 million) FNT tokens = $ 400,000 (ICO price) 1 FNT = $ 0.4 (ICO price)
Tim FinTab
Mikhail Fadeev, CEO.Since 2010, Mikhail is engaged in web development.
Grigory Maltsev, COO. Founder of the Merit onine institution, head of web studio development department in 2016, project manager at a design studio (Yandex project) in 2015, Internet marketer since 2012.
Nikolay Ozhogov, CTO. Full of programmer piles. Since 2012, Nikolay has worked on websites and internet development services, including Telegram widget tgwidget.com.
Dmitry Motorin, head of the mobile development team. Engaged in information technology since 2002 and in mobile development since 2012.
Vadim Kirei, mobile application developer. Programmer. Creating one of the leading applications for forex traders.
Stas Bondarenko, lead designer. Stanislav is engaged in UI product design.
Ivan Teslenko, Russian-English translator / interpreter. 10 years experience in translation field.
Taras Kornichuk, head of the development team.
Pavel Kaptsan, full of programmers.
Website: https://fintab.io/en
Whitepaper: https ://docs.google.com/.../1W5vl9wTJFEugLjcaIzJCJ19na87LNvuo
Username Bitcointalk: petes ireng
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