Maximising momentum for crypto projects post ICO — A Finblox Experience.
Our crypto superapp startup Finblox, backed by behemoths like Sequoia and Dragonfly, has managed to defy market conditions and achieved astounding success in our recent token launch for Finblox Token (FBX). Finblox generated a trading volume exceeding two million within the first twelve hours, which is a unique feat for a project launching a token in this market. Let’s delve into our journey through our ICO and explore the milestones we have already achieved and how we did it:
The Preparation
Preparing for our ICO was a crucial step. We knew that a comprehensive strategy was key so we left no stone unturned. The response from the crypto community was overwhelming, with over 3,000 unique addresses participating in our pre-sale period. We were thrilled to see such enthusiasm and support.
To further engage with our community during this period, we collaborated with esteemed launchpads like PoolZ, Decubate, Spores; and of course, made the most out of our newly minted launchpad: FinLaunch. These partnerships allowed us to connect with a wider audience, fostering even more excitement and anticipation for our token launch both natively and externally through new communities.
But we didn’t stop there. We wanted to create meaningful experiences for our community members, both online and offline. Which is why we organised offline activities as part of the experience, hence two legs of this year’s Finblox Summit were born. These meetups took place in Manila, Philippines, and Ho Chi Minh, Viet Nam, bringing together our power users, partners, and media representatives, while showcasing our commitment to building a strong community and also fostering a sense of unity and solidarity among the local crypto enthusiasts.
Through our preparations, collaborations, and community engagement efforts, we set the stage for a successful ICO launch and laid the foundation for the incredible journey ahead.
Sustainability Post-listing
The listing of our Finblox token (FBX) on major exchanges like Gate.io, MEXC Global, and BTSE starting from May 18, 2023, marked a significant milestone for us. It surpassed all our expectations when the token’s value skyrocketed to an astounding all-time high during the ICO, soaring an incredible 500% above the listing price. This exceptional achievement truly demonstrated the unwavering support the market has shown for Finblox, even amidst the inherent volatility of the crypto space today. We were thrilled and grateful to witness such remarkable market support, propelling us forward with great confidence and excitement.
In our commitment to sustainable growth and maximising the value of our tokens, we made a strategic decision to initiate a token burn. On May 19, 2023, we permanently removed a total of 437 million tokens from circulation, equivalent to $3.07 million and representing 4.37% of the total supply. This reduction in token supply is aimed at creating scarcity and increasing the long-term value of FBX tokens.
In line with this, we are offering a limited-time offer called Party to 30, where users can deposit their fresh FBX tokens into their Finblox Wallets and enjoy a guaranteed 30% annual percentage yield (APY) from May 18 until July 18, 2023.
This promotion is designed to empower our token holders, enabling them to actively participate in the vibrant Finblox ecosystem while earning substantial rewards. By taking advantage of this initiative, not only can users maximise their potential within our platform, but they also become an integral part of the growth and development of the entire Finblox community. Check out the full mechanics here to participate.
The future is Finblox
As we forge ahead, our mission remains clear: to democratize finance and empower individuals to take control of their financial journeys. Finblox is committed to providing products, experiences, and a thriving ecosystem that nurtures growth and innovation.
Finblox is capitalising on this momentum by introducing products that our community loves (and we think will love). Rolling out unique features like FinGPT — an AI powered tool that can help you make decisions with your assets in-app, as well as FinLaunch — which is the world’s first mobile-based launchpad.
May 24, 2023. Published by Geoff Mabasa, Growth Lead of Finblox.
