30 Oct 2020 | Finxflo
Fearless Legends Pte Ltd are pleased to announce their new venture, Finxflo, a company registered in Singapore. Finxflo Pte Ltd is now set to commence its first Initial Coin Offering of its native token, FXF tokens.
The company seeks to raise capital for the development of its global crypto brokerage platform that retrieves the best price to buy or sell a cryptocurrency. Finxflo also plans to use this opportunity of ICO to build a user-centric community.
The Finxflo platform will allow clients to trade cryptocurrencies at its optimum buy or sell price. By partnering with more than 25+ crypto pools including exchange and non-exchange liquidity, Finxflo facilitates a seamless experience of cryptocurrency trading with minimal hassles. The crypto platform allows users to trade and store prominent digital currencies under its singular infrastructure. Finxflo further enables a user-friendly experience of trading by providing advanced features using its proprietary algorithms.
Through Finxflo, the company intends to provide a leading solution to cryptocurrency trading by offering advanced tools that help eliminate the inefficiencies of cryptocurrency markets. Finxflo further ensures complete security to a client’s cryptocurrency funds by partnering with leading custodian service provider, Fireblocks. Additionally, the platform leverages advanced security protocols along with building a legally compliant process structure. All funds are segregated, with integration of MPC fragmented private key distribution technology. All monies are fully insured against providing maximum protection to its clients.
Finxflo also offers the most competitive trading fees to its users by aggregating multiple pools of liquidity. To optimize an end-user experience and create a fair trading environment, it also offers features of no withdrawal fees. Moreover, it aims at simplifying a trader’s experience by enabling one wallet, one registration to access the best prices from cryptocurrency markets.
FXF is the native token that will further be used to access all the services provided by Finxflo. The FXF token will be used to pay trading fees on the platform. While in the early stages, traditional coins can be used to pay trading fees, by the end of 2021 the token will be the only mechanism to pay on the Finxflo platform. In order to encourage brand loyalty, Finxflo has incentivized the use of FXF tokens. The more FXF tokens held in a user’s wallet, trading fees will subsequently be reduced.
The token allocation distribution is as follows: 2% of tokens available through a public token sale, 3% to the advisory, 8% allocated in a private sale, 10% in partnerships, 15% for farming and staking, 12% to the founders’ team for business operations, 30% to the treasury, while 20% remains in the reserve. The total supply of saleable tokens is 600,000,000.
The Finxflo crypto platform is accessible through a web browser and mobile application on the Apple app store (iOS) and on the Android play store as well.
Finxflo platform will accept payments in BTC/ ETH for the sale of FXF token during its public ICO. All participants willing to take part need to register and complete the KYC process on the Finxflo website. Finxflo is looking to develop a strong and loyal community base through its ICO.
Mr. James Gillingham, the Co-founder and MD of Finxflo, is engaged in developing and implementing strategic plans and company policies, maintaining an open dialogue with stakeholders, and driving organizational success. He is an expert in managing and executing high-level strategic objectives with more than 13 years’ experience in building, developing, and expanding multinational organizations. His deep knowledge of financial markets, digital currencies, and fintech has played a pivotal role in his success to date.
Mr. Thomas Plaskocinski, the Co-founder and CTO of Finxflo, is responsible for the technology strategy and plays a central role in the development of the trading platform. He has more than 15 years’ experience in solving complex technical and technological challenges. His intellectual curiosity, attention to detail, and perseverance are vital to the evolution of the ever-changing fintech landscape.
Mr. Liam Jones, the Chief Executive Officer at Finxflo, has more than 32 years’ experience in the financial sector through which he has developed a deep understanding of the currency and trading markets. Liam has been involved in spot currency trading and as a market maker with large international banks such as UBS, Daiwa Europe and Société Générale in London; USCB in Riyadh; and Royal Bank of Scotland in Singapore.
The ICO will assist in building a global community of traders for the Finxflo platform. This further enables Finxflo to develop a user-centric product based on community feedback from clients. Moreover, FXF ICO is also a tool for investors to take a lead in cryptocurrency investments. By giving access to better liquidity, market depth, price stability, and trading functionality from one single platform will provide the edge to Finxflo to lead in the cryptocurrency market.
The ICO will commence on 1st July and will run for a duration of 6 months till 31st December 2020. Any participant can purchase the FXF token in exchange for BTC/ ETH during its ICO. The participant has to complete a KYC process in order to participate in the ICO sale of FXF tokens. FXF tokens can be availed to purchase services at a discounted rate on the Finxflo platform. The total supply of saleable tokens is 600,000,000. The total amount that Finxflo targets to raise from the proposed ICO is USD 15,120,000 and USD 1 million from the private token sale of FXF. Finxflo intends to use the proceeds from ICO for developing the platform and setting up offices in London and California with its head office in Singapore.
Stay updated with all the latest happenings at Finxflo