NEOPIN and Finschia Foundation Partner to Launch FNSwap — The First DEX on Finschia Mainnet
Key Takeaways
- FNSwap.fi is set to launch in Q1 2024, supporting $FNSA, $NPT, native token of FNSwap $FSG and more.
- Aggressive expansion of supported cryptocurrencies is planned to boost the Finschia ecosystem.
The global CeDeFi protocol, NEOPIN, is thrilled to announce the signing of a Memorandum of Understanding (MOU) with the Finschia Foundation. The partnership is set to unveil FNSwap, the first decentralized exchange (DEX) on Finschia Foundation’s cutting-edge third-generation public blockchain mainnet, Finschia. The anticipated launch is scheduled for Q1 2024.
The MOU outlines a comprehensive collaboration, encompassing:
- Development of FNSwap: NEOPIN will lead the development of FNSwap, the first-of-its-kind DEX on the Finschia mainnet.
- Competitive DeFi Products: The partnership aims to provide a suite of competitive DeFi products on FNSwap.
- Exploration of Web 3.0 Opportunities: Both teams will collaborate to identify and explore promising businesses within the Web 3.0 landscape.
- Global Business Synergy: Facilitating the mutual exchange of partners in the ecosystems to explore global business synergies.
- Co-marketing: Joint efforts to conduct marketing campaigns for the expansion of the ecosystem.
FNSwap Highlights:
- Support for Finschia $FNSA, NEOPIN Token $NPT, FNSwap’s new governance token $FSG, stablecoins, and more.
- Cryptocurrency deposits, swaps, governance voting, and a range of innovative features from the outset.
- Aggressive expansion of supported cryptocurrencies in alignment with the growth of the Finschia ecosystem.
NEOPIN has been a proactive founding member of the Finschia Governance Member (FGM) since its inception in July. In September, NEOPIN launched FNSA staking services, followed by the introduction of the ‘Finschia Governance Voting’ feature for the community in October.
Ethan Kim, CEO of NEOPIN, expressed enthusiasm, stating, “Through Finschia’s inaugural DEX, FNSwap, users will experience more convenient access to DeFi services. We are committed to aggressively expanding the variety of supported cryptocurrencies, aligning with the dynamic growth of the Finschia ecosystem.”
Youngsu Ko, the Chairman of the Finschia Foundation Council, stated, “Pleased to launch the first DEX in the Finschia ecosystem with NEOPIN. The Finschia Foundation will actively provide the necessary technical support for NEOPIN to successfully launch FNSwap.”
About Finschia Foundation
The Finschia Foundation is an independent non-profit organization, based in Abu Dhabi, UAE, established in March 2023 to expand public blockchain and Web3 technologies. Inheriting the philosophy of LINE Blockchain, “Blockchain for All”, the Foundation operates its third-generation public blockchain mainnet “Finschia” and crypto asset FINSCHIA (FNSA), and aims to achieve a sustainable token model with Web3 users around the world. For more information, please visit finschia.network.
About NEOPIN
NEOPIN is a CeDeFi protocol providing secure crypto asset management and DeFi access within a regulated environment. It offers a crypto super-app with non-custodial wallets for bank-level security, customer protection, and transparent transactions on public blockchains like Ethereum and L1s. NEOPIN is the first DeFi platform to engage with regulators in creating DeFi regulations and is a part of the Abu Dhabi Investment Office’s (ADIO) Innovation Programme, highlighting its commitment to shaping DeFi regulatory frameworks. For more information, follow NEOPIN on Twitter.
