FNDZ
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FNDZ

AMA Recap

Mary Zheng | AscendEX — MKT

Today we’re really glad to be joined by @Valentino_0 Valentino Cremona, Founder of FNDZ to share a ton of insights about the project! Everyone please welcome!

Mary Zheng | AscendEX — MKT

Hi Valentino. As usual, we will start things out with some basic questions to you from my end, and then hand them over to the community for a Q&A session.

Mary Zheng | AscendEX — MKT

For those who are not familiar, could you briefly describe FNDZ and what problems you are aiming to solve?

Valentino

Of course.

Valentino

FNDZ consists of an ecosystem of vault owners interacting via the FNDZ Platform and the FNDZ Token as a medium of exchange. Its goal is to create a transparent and decentralized environment for successful vault owners as well as their personal networks, followers, and supporters. It’s the place you go to get started with crypto!

Valentino

The FNDZ Platform features profiles of individual traders and their strategies. The profile contains basic information on the individual trader, their trading philosophy, and their past performance. Traders have the opportunity to distinguish themselves and their strategies according to parameters such as risk, returns, values, degree of active management, and social or cultural factors. Trader profiles are individually listed.

Mary Zheng | AscendEX — MKT

Let us transition towards the native token — FNDZ. How does the FNDZ token function within the platform and why is it needed?

Valentino

To start out with FNDZ is a utility token which will be used as the medium of exchange between participants on the FNDZ Platform in a decentralised manner. The goal of introducing the FNDZ token is to provide a convenient and secure mode of payment and settlement between participants who interact within the ecosystem on the FNDZ Platform.

Valentino

In the near future, we will be expanding the utility of the FNDZ token to include the following:

- Reduced fees

- Higher Yield on vaults

- Vote on governance and future asset listings on the platform

- Vote on default vault parameters

- Pay for advertising vault spots

- Use FNDZ for tournaments

- Staking

and many more mechanisms coming in the future.

Mary Zheng | AscendEX — MKT

Thank you for the clear explanation. Look forward to those new features coming in the future!

Mary Zheng | AscendEX — MKT

Could you share the development status and progress of the project thus far? Including the major partners and perhaps some operational data.

Valentino

- We are in the process of submitting final contracts for audit

- Private beta testing is underway

- Public beta testing will be opening in the coming weeks

- We have partnered with Banxa & Coinpayments for fiat on/off ramp

- Completed integration with paraswap

- Selection of assets and curation process

- Automatic rebalanced indexes

- Liquidity expansion

- Staking program going live

- Public MVP launching soon

- Conditional order types

Mary Zheng | AscendEX — MKT

Very awesome!

Mary Zheng | AscendEX — MKT

Who will the users/clients be on your projects and what are some examples of use cases for them?

Valentino

Users will be the vault operators (traders, communities and DAO’s, etc)

Clients will be the copy traders (retailers)

Valentino

- Some of the use cases could be a signal provider that wants to automate their group, so instead of just following signals you can deposit into a vault and follow them automatically.

- Traders with a community could also create their own vault and let all their followers directly deposit into it.

Valentino

- FA groups can make FA indexes that their groups use to spot good fundamental projects they believe in.

- Friends and family now can make private vaults just for their close peers to follow them.

Valentino

That’s just a handful of examples, DAOs could create their own vault as well where they can manage it collectively with delegated managers.

Mary Zheng | AscendEX — MKT

Great. May I ask what your strategy is regarding attracting more users to your protocol?

Valentino

Yes for sure. We are closing some big vault operator deals at the moment in the background. We will communicate which ones closer to the launch of the platform. These initial vault operators (10–15 ) which will be prominently featured, have to meet certain requirements. They have to be known, and have an established community of at least 50k followers, etc.

Valentino

This is how we will bootstrap our initial user base, we believe the vault operators should keep managing their communities and giving them the best possible service. We, on the other hand, will focus on a select few vault operators.

Mary Zheng | AscendEX — MKT

Great strategy! Community is always the key.

Mary Zheng | AscendEX — MKT

Let’s talk about the current landscape of other projects doing something similar. What separates you from some of the competitors?

Valentino

- There are other copy trade platforms out there but we offer an easy to use interface with full control over your funds.

- We are one of the first to offer copy trading in a purely defi way without any CEX link.

- The messaging is crucial — how do you speak and communicate to retail.

- We are one of the only ones focusing on BSC.

- We also focus on various use cases for vault operators and help the big ones get started.

- We curate the asset list for all users.

Mary Zheng | AscendEX — MKT

Cool. What unique experience does your team bring that puts FNDZ in a position to be successful?

Valentino

Valentino — I set up AMDAX, the first regulated crypto exchange and custodian in the Netherlands.

Teuta — Prior to joining FNDZ, Teuta was Chief Financial Officer at WorldPay, eCommerce, and Pepper Europe. She was also the Chief Financial Officer of Vanguard Europe.

Hans — Is a crypto maximalist with years of experience in the crypto market as a key investor, CEO, consultant, marketeer and expert in investments and crypto business development. His main expertise is marketing strategies, tokenomics and business development.

Matthew — Is responsible for the product of FNDZ. Having worked closely with venture capital, private equity, hedge funds, banks and crypto exchanges, he brings diverse experience across a broad range of asset classes to the FNDZ project.

We have a very experienced team from all areas of business and crypto. You can find out more here: https://fndz.io/team

Mary Zheng | AscendEX — MKT

That is awesome!

Mary Zheng | AscendEX — MKT

What are the biggest risks and challenges FNDZ will need to overcome to consider the project successful?

Valentino — FNDZ

- Success would be that the biggest community owners use FNDZ to manage their communities, and give them better access to get into the world of crypto.

- We want to make sure we lock 1B TVL at least in the FNDZ platform over the coming months.

- Risks are usually always associated with regulations or smart contracts. If regulators decide to clamp down on defi and ban like crazy, it could introduce some challenges. On the smart contract side, we are auditing extensively and running all kinds of extensive tests to make sure we don’t have any of those unwanted issues.

Mary Zheng | AscendEX — MKT

Can you please elaborate on the goals you are aiming to achieve in 2022?

Valentino

- Public beta launch

- Platform launch

- New website

- FNDZ staking

- More functionality such as limited orders, Polygon-BRIDGE functionality, community vaults,

TP / SL orders

- Automatically rebalanced Index vaults

And more which we will communicate at a later stage

Mary Zheng | AscendEX — MKT

Great! My last question is a non-project-related question — which sector of crypto markets excites you the most?

Valentino

I am bullish on anything that brings new users to crypto (dApps) as well as some infra projects like Pocket network!

Mary Zheng | AscendEX — MKT

Cool. I pretty much finished on my end, if you’re ready, we will unmute the chat and see if the community has any questions.

AscendEX Bot — Channel UNMUTED for NON ADMINS

Stroopid 🎩,wen multi chain @Valentino_0

Valentino once the MVP is out, then we expand the assets and start heading towards POLY next

Stroopid 🎩 will FNDZ have staking

Valentino We do, it’s live now. Web staking and you can stake on Ascendex as well. The staking smart contracts with our unique staking feature is currently under development

Stroopid 🎩,

ok thank you

Bill

What about LP staking? Do you offer that?

Valentino yes, we also have a LP staking program thats out, you can find all the info on our blog https://medium.com/fndz

Mary Zheng | AscendEX — MKT

I think it is approaching one hour. Let us wrap it up. Congratulations on the success thus far! Thank you very much Valentino for being here today and providing us with insights into FNDZ. Best of luck with the project!

Gage Bowser | AscendEX,

Great AMA!

Gage Bowser | AscendEX,

Thanks for joining us @Valentino_0

Valentino,

Cheers!

Mary Zheng | AscendEX — MKT,

Trade FNDZ now: https://ascendex.com/en/basic/cashtrade-spottrading/usdt/fndz

AscendEX Official Announcement

Dear Users,

To support the ongoing growth of FNDZ (FNDZ), AscendEX has launched Pre-Staking for FNDZ. AscendEX users can now stake FNDZ to earn rewards of 14% est. APR.

PC: https://ascendex.com/en/staking

App: Click [Staking] on the homepage to participate in Pre-Staking

See below for Pre-Staking details:

Token: FNDZ

Est. APR: 14%

Minimum Delegation Amount: 50 FNDZ

Maximum Delegation Amount: N/A

Minimum Staking Period: Unstake Tokens Anytime

For details please read: https://ascendex.com/en/support/articles/63010

We truly appreciate your continued support.

The AscendEX Team

FNDZ — Social Media

Website | Telegram |Announcements | Twitter | YouTube | Discord | Medium | Reddit | Instagram | Github

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