One important step forward en route to mass digital currency adoption is the ease of accessibility. We can all agree that the present crypto-climate isn’t as convenient and transparent as it could be. For example, the majority of exchanges existing in 2018 only support coin-to-coin trading pairs, or a select few fiat-to-coin options. The limitations are obvious.
What if you don’t want to buy Bitcoin or Ether? Why should you have to purchase BTC or ETH as an intermediate before trading for the altcoin you desire? Not only is it time consuming, but it’s risky in a volatile environment like the cryptomarket, and swift loss of investment is a real possibility.
Thankfully, it doesn’t have to be this way. FinanceX exchange is a convenient, reliable and secure platform focusing on providing fiat-to-coin and coin-to-fiat trading pairs saving you time and money, and keeping those stress-levels in check. Now you have direct access to your preferred cryptocurrency with quick cash-out. Our vision? To become the largest cryptocurrency exchange in Southeast Asia, and to firmly place ourselves in the Top 10 in the Asia-Pacific region inside 3 years.
Unlike other startups who pitch their ICO’s on an idea, FinanceX has a functioning and proven product. The trading core was developed by co-founder, Chien Tran, and his company, Navisoft, back in 2007, taking almost 2 years to create, and having experienced 11 years of successful application.
What’s happening in Southeast Asia?
Southeast Asia is an interesting case-study. KPMG reported that 70% of people in the region didn’t have a bank account in 2016, yet a report by Google and Temasek showed the amount of time Southeast Asians spend on technological devices is significantly longer than their American or European counterparts. This suggests a considerable technological understanding, essential for the adoption of digital currencies.
The lack of banking services has given rise to mobile-based payment solutions, for instance, wePAY and LINE Pay. 52% of all such payments worldwide come from the Asia-Pacific region, further suggesting favorable conditions for mass digital currency embracement.
Currently, about 20 exchanges are operating in Vietnam, but most are using the OTC model where the buyer chooses the seller rather than an automatic transaction. Typically, very little information is provided about OTC’s making it difficult for an investor to make educated and informed investment decisions and to avoid scams. Other local exchanges charge high fees (often 1–2%) and operate on platforms with inferior technology to our own.
Initially launching in Vietnam, FinanceX aims to open exchanges in Indonesia before the end of 2018, as well as Thailand and the Philippines in early 2019, before expanding further. Our token, FNX, will continuously increase in value as we open new markets in the region. Creating an interexchange network between countries in the Asia-Pacific region will be advantageous to users generating high liquidity and shaping an attractive playground for trading.
Why choose FinanceX?
As mentioned, traders can use their local currency to purchase any cryptocurrency listed on FinanceX exchange. This provides customers with a level of convenience that most other exchanges cannot, and optimizes traders ability to profit.
FinanceX exchange has many more benefits for users:
· Many payment methods (bank transfer, E-wallet (PayPal, Screw, etc.)
· Rapid deposits and withdrawals (less than one minute from bank-to-wallet, no longer than 60 minutes from wallet-to-bank)
· A platform and interexchange network that ensures high liquidity
· Low trading fees (0.3%) and a transparent fee structure
· Real-time trading at high speed (up to 100,000 transactions per second)
· Easy to manage portfolios
· Modern and intuitive user interface that is easy to use
· Security and privacy (notifications about activity, 2FA, KYC, cold wallet storage etc.)
· Stability of a proven system used for many stock and forex exchanges and a real-time monitoring system with 24/7 support
FNX Token
FinanceX will release FNX Token, the official trading currency on the FinanceX crypto exchange. FNX Token is developed on the Ethereum blockchain technology base — ERC 20, one of the best, most popular and stable blockchain platforms available today.
ICO begins on November 21 offering low prices for FNX Token. Users will benefit from a 50% discount on trading fees for the first 6 months with follow-up discounts to apply. FinanceX experienced well-over 5000 registrations in the first few days after launching!
As stated in the roadmap, FinanceX will build towards decentralization when our platform is used for a variety of purposes with the addition of new services in the future.
FinanceX provides users with a stable, secure and high performing platform with many fiat-to-coin trading pairs. The platform is easy to use and cashing out is the same way. With low fees and guarantees of high liquidity, traders have every reason to sign-up, and curious investors eager to get their piece of the pie.
#FinanceX #FNX
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FinanceX wants to be as transparent as possible to ensure user confidence and to build strong relationships now and in the future. You can read more about our founders below.
FinanceX - Exchange Made Simple
The Brains Behind The Product
The FinanceX team is comprised of experts from all over the Asia-Pacific region including Vietnam, Singapore, Indonesia, and Japan with over 20 years of experiences in the financial industry, information technology, and stocks exchange.
· Co-Founder & Chairman, S. Ohta, is the president of B&Company. He is an expert consultant with experience working with many successful IPO corporations in the Toyko stock market, and was the advisor for Japanese government organizations about investments in Southeast Asian countries
· Co-Founder & Vice-Chairman, Chien Tran, is the founder and CEO of Navisoft, a company that provides Trading systems for Stock Exchange and Commodity Exchange. He has extensive experience in the analysis, design, and construction of large software solutions in the financial sector, especially with trading systems that provide large amounts of transactions and require high processing speeds.
· CEO, Peter Dinh, an IT expert graduated from President University in Indonesia in 2006, and completed an MBA in 2015. He was selected to be a part of the Southeast Asia seed group. He has worked for many big companies in Indonesia (Jababeka TBK Group, PT. Telkom Indonesia, PT. Supra Software, etc.)
· CTO, Henry Ng, is also an IT expert from President University, with a completed MBA. Henry was General Manager at Balance Internet, one of the top 3 biggest e-commerce solution providers in Australia and New Zealand. He also co-founded 3 start-up companies providing online marketplaces and digital assets exchanges. He is responsible for system architecture design to ensure the scalability, security and high performance of the FinanceX platform.
· CMO, Cuong Nguyen, is a Banking Expert with a completed MBA. Possessing profound knowledge and understanding in different fields, he has more than 5 years of experience as a CMO and 7 years as Manager and Director in Banking. He is the Founder and CEO of UBank.
· Advisor, Nikolay Shkilev is a Top 3 expert on ICObench. He has 20 years of experience in large-scale transaction projects and many awards and titles in the IT business. Self-Made Russia award. Tech guru. Super TOP award etc.
He is also Founder and CEO of Private Business Club. His Holding received “Enterprise of the Year” award in the Kremlin. Has a business in various directions.
· Advisor, Vladimir Nikitin is a Top 5 expert on ICObench. Professional legal consultant, financial advisor with over 10 year experience in the legal,
finance, retail, and IT industries.
As an active supporter and advocate of blockchain technology, he provides consultancy and advice to selected ICOs in the CIS region. His network in the crypto community counts over 31,000 followers.
· Advisor, Sydney Ifergan is a Top 20 expert on ICObench. Sydney has 20+ years commercial experience and has spent the last 10 years working in the
online marketing arena and was the CMO for a large brokerage. In recent years, he has been consulting to various brokerages globally on their online marketing and the utilization of technology to improve their results.
· Advisor, Mudit Saxena is a strategic expert and has more than 10 years of experience in Digital, Transformation, Fin-Tech, Payments, Product and Marketing. Additionally, he has worked in 5 countries in the Middle East (UAE, KSA,Oman), Asia (Vietnam,India) with over two decades of experience in Retail Banking and also involved in transforming Emirates Bank and Bank Dhofar Retail banking into award winning propositions.
· Advisor, Tanto Suratno, is Deputy Executive General Manager of IT Development at Telekomunikasi, Indonesia. He is a business and technology professional with 15+ years of experience leading the architecture, design, development, and implementation of technology solutions. Mr. Suratno has a strong record of success in managing IT Business Platforms, Business Support Systems, Enterprise Application Integration, and Service Oriented Architecture for Mobile, DataCom, Internet Content and Services, as well as Service Delivery Platforms.
