FinNexus Monthly Progress Report (Jan 2020)
Team Updates
(1) On 11th and 12th January 2020, FinNexus founders Boris Yang and Ryan Tian were invited by the communities in Malaysia to participate in the ‘Prison in cryptocurrency breakthrough program’. Boris gave a speech introducing FinNexus and received enthusiastic responses and discussions afterward.
(2)On January 9, 2020, FinNexus founder Boris Yang was invited to attend the “FAT summit forum and award ceremony “held by Odaily in Beijing. FinNexus was awarded “The most community favorite blockchain project”.The event was widely reported by blockchain media such as 36kr and Harper’s Bazaar.
Ecosystem Development
(1)After releasing the ICTO rules, which is the first in the blockchain industry, we are continuously getting questions from the communities. To make the rules simpler, clearer and easier to understand to the most, FinNexus published ‘Deciphering the FinNexus Token Offering Model — The ICTO’.
FinNexus complete the draft(Chinese and English) of the offering circular of UM1S.
(2)The FinNexus (FNX) 2020 Roadmap was released on FinNexus official medium channel. This 2020 roadmap consists of 3 parts: business & ecosystem building, protocol developments, and products & operations.
In the Roadmap 2020, FinNexus has designed the mainnet route in future products. https://medium.com/finnexus/the-finnexus-fnx-2020-roadmap-a1f02c4decee
FinNexus will turn to a few networks to create a PCAP (Protocol Cluster for Assets Payments) that could connect different digital currencies including Ripple and Wanchain, and use XRP Ledger to issue tokenized assets.
To make the distributions of FNX tokens transparent and the public to the communities and relating stakeholders, FinNexus published the tokenomics, as well as the detailed allocation, lockup period and the planned offering information, in order to keep the potential investor informed in the coming ICTO.
FNX Tokenomics
All the details you need to know about the FinNexus Token (FNX) distribution
medium.com
Community Update
(1) FinNexus official community on telegram currently covers 4731 English users，the 21 local communities totally cover more than 3030 users in more than 19 languages.
(2) On January 1st to 17th, FinNexus Awareness campaign phase I was launched with $12,500 of FNX bounty. After the bounty campaign, more than 700 community members participated in the event, and a total of 300 community members win the bounty and contributed significantly to the FinNexus community. We would like to thank all the community members for their participation and support and welcomes you to participate in the upcoming FinNexus Awareness campaign phase II.
(3) In every Monday of January 2020, FinNexus held four Weekly Chat events on the telegram group, with the FinNexus founders and core team members presenting. FinNexus also invited the following guests to participate in the activities: Lini — Vice president of Wanchain. Mark Tan — Co-founder of RiveX Foundation. Oliver Birch — Wanchain VP of communications. Nicholas Krapels — FinNexus Strategy Advisor.
The FinNexus team members together with the guests replied to the questions raised by the community members and made comprehensive interactions on the updated news about FinNexus. FinNexus published the weekly chat recap on the official medium channel(https://medium.com/finnexus).
(4) On 14th and 15th, January 2020, the FinNexus founders Boris Yang and Ryan Tian held two AMA activities on the platform CryptoDiffer and CryptoPlayers. FinNexus team made close interactions with the community members online and answered questions regarding the FinNexus projects as well as the blockchain industry. FinNexus distributed awards to the active participants in the AMA sessions.
About FinNexus
FinNexus is building an open finance protocol to power hybrid marketplaces that trade both decentralized and traditional financial products. The FNX token will live on the Wanchain blockchain to take advantage of the most robust cross-chain capabilities currently available in the industry. The first products FinNexus plans on releasing will be innovative tokenized assets (available Q1 2020) with value based on real-world cash flows.
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