FNDZ to launch IDO on TrustPad!
The FNDZ team is excited to announce our upcoming IDO launch on TrustPad!
We have all been waiting eagerly for this. The FNDZ token will be publicly available for sale on TrustPad, allowing the wider community and general public to support the project and reap the resulting rewards.
Although the exact launch date is subject to minor variation, we are aiming to launch on September 14th.
The rest of this article lays out the details and explains how you, too, can get your hands on the FNDZ token. Remember, there are only two million total FNDZ tokens available at the public sale price of $0.24, so be ready!
Token sale details:
Date: 14.09.2021 (time TBD)
Number of available tokens: 2,000,000 FNDZ
Price of tokens at public sale: $0.24
Vesting: Launchpad tokens are fully unlocked
Circulating Supply: 7,800,000 $FNDZ
Market cap at launch: 7,800,000 x 0.24$ = $1.872.000
TrustPad Pool: https://trustpad.io/pool/fndz
What is FNDZ?
FNDZ is the world’s simplest DeFi copy trading platform. The FNDZ platform offers a secure, easy-to-use, and transparent copy trading experience by leveraging decentralized finance (DeFi) architecture. Unlike centralized copy trading platforms like eToro, Ayondo, Zulutrade etc., there are no hidden fee structures and users own their assets outright. FNDZ connects novice traders with seasoned professionals through a simple, easily understood and operated platform, allowing anyone who wants to capitalize on cryptocurrencies to sit back and relax while automatically copying the trades of their more experienced counterparts.
Copy trading is a type of trading strategy allowing traders to realize the earnings of more experienced individuals by automatically mirroring, or copying, those individuals’ trades. FNDZ uses DeFi tools to make the process simple, secure, and safe. A user of the FNDZ platform simply connects their smart wallet (for example, MetaMask), selects a trader based on information on their profiles, specifies the amount they wish to contribute to that trader’s vault, and authorizes a corresponding transaction from their smart wallet to that trader’s FNDZ vault. They can then sit back, relax, and harvest earnings while the copied trader carries out all the hard work.
Token utility and fees:
The most significant fee is levied on earnings from a vault realizing successful performance. This fee is chargeable only on positive earnings made by a trader and so it is not charged in cases of negative performance. Where a vault operator’s strategy has been successful, the performance fee is levied after a crystallization period. This period is by default 90 days but is subject to modification by the individual trader. Three-quarters of these 20%, or 15% (10% if the trader does not hold any FNDZ tokens) go directly to the vault operator. Two (2%) go as a reward to the stakers; 2.5% revert to FNDZ; and the final 0.5% to the referral system.
A further 2% is charged as a management fee. Management fees reward traders for their effort in setting up and operating vaults for others. 2% is the maximum a trader can charge.
To initiate a FNDZ vault, 10–100 FNDZ tokens are required.
There is a small fee payable upon transaction (normal transaction fees you always pay per trade). It is a maximum of 0.2%, all of which reverts to FNDZ.
A small redemption charge is levied to traders upon exiting a particular vault. It lies at a maximum of one half percent (0.5%), of which 0.2% goes to the vault operator and 0.3% reverts back to FNDZ.
As mentioned above, 0.5% of the performance fee goes to reward individuals who refer other traders to a vault operator. All of these 0.5% go to the referral system and all referral fees are included in the performance fee.
FNDZ token holders are rewarded for their loyalty through a reduction in fees generally. This rebate is proportional to the number of FNDZ tokens held, up to a maximum discount of half (50%) of total fees.
FNDZ Treasury as well as FNDZ tokens reverting back to FNDZ are used to fund trader tournaments: weekly pools of prize monies winnable by top traders across various categories.
FNDZ tokens can also be used to initiate and vote for governance-related proposals. Upon launch and for a short while thereafter; governance — the rules of procedure and operation of the platform — will be handled by the FNDZ team in an effort to prevent disproportionate capture by early successful players. As the user base expands, however, governance will be handed over to the community. Anybody holding FNDZ tokens can spend these to initiate a governance proposal in a true grassroots style. These proposals are put directly to the people of FNDZ, who in turn can use their own tokens to upvote their favorite proposals.
The full details for our project tokenomics are laid out in our Whitepaper — see link below.
There are 100 million total FNDZ tokens, of which only a fraction are in circulation of launch. Two million, or 2%, of these tokens, are reserved for the public sale. Each of these tokens will open at a price of $0.24. Thus, a total of $480k will be raised through the public sale.
Note that all of the public sale tokens are fully unlocked at launch. There is no vesting schedule for these tokens.
At our private sale, 20 million FNDZ tokens were sold at $0.12 each, for a total of $2.4m. Prior to that, we raised $960k in our seed sale, in which we sold 12 million FNDZ tokens at $0.08 each. Unlike the public sale, 90% of these tokens are locked up in a 24-month block-by-block vesting schedule; only 10% are unlocked upon launch.
The rest of the token supply is split between the team, the treasury, and the advisors, with some held back for marketing and rewards.
Be sure to keep up to date
Further details will be released closer to the IDO date. Until then, please keep an eye out for updates on our social channels, linked below. Remember that information obtained from any other channels is likely to be unreliable or fake! Do not trust any non-official channels!
FNDZ — Social Media
TrustPad has been founded to aid the growth of the blockchain ecosystem in a safe and sustainable way. TrustPad is proudly partnered with tokenova, Lupa X, GD10 Ventures, BlockSync Ventures, X21 Digital, Meridian Capital, Wealth Union, Twin Apex Capital, and 4SV.
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