ProBit Global x Finance Blocks Telegram AMA Session
ProBit Global recently hosted an AMA with Finance Blocks CEO Jake Seltzer @JakeFBX and Co-Founder Kunal Karani @Indojapan.
The rural finance project discussed their visions and ambitious goals with 10 lucky participants earning a share of the 5,000 FBX AMA rewards.
Below is a recap of some of the questions posted during the session, be sure to join our Telegram channel for the latest news and events: https://t.me/ProbitEnglish
Q: To get started, could you guys please provide a quick self-introduction for the community?
Kunal: Absolutely, thanks so much for having us today! My name is Kunal Karani & joining me is Jake Seltzer we are the founders of FBX.
We began working on FBX 3 years ago with the mission of changing the way digital services and solutions were offered to rural users which could in turn help lift the socioeconomic status of millions of people.
FBX was founded on the idea of using blockchain technology to solve real-world issues.
Q: Can you briefly introduce some of the utilities of $FBX? How do you think you stand out among the competitors if there are any?
Kunal: FBX has 3 main utilities:
▪️ FBX is the Underlying Asset (paying EMIs, remittance)
▪️ FBX Token can be used by RFIs to acquire customer credit score/rating
▪️ FBX can be used for transaction payments for RFIs
We differ from our competition in the fact that the technology we have been developing for years is completely FREE to the Rural Financial Institutions.
When Finance Blocks onboards a rural financial institution we digitize them at no cost. This includes tablets, hosting services, a google play application, and a backend data system for daily operations.
Q: What achievements have been obtained during the project? Are there any unfulfilled achievements in the past year?
Kunal: Finance Blocks while new on the market has achieved some major milestones.
Our technology is already being used by two rural financial institutions that account for over 21,000+ users. Our google play app is live and is currently being used by thousands of users and more are downloading every day.
The major achievement target that FBX has set for itself is to have 1,000 Rural Financial Institutions onboarded & a minimum of 150,000 active users on our platform by end of 2022.
Q: Can you share with us your tokenomics? How much is the total and circulation supply of your tokens? Will there be a buyback system or token burning in the future?
Kunal: The tokenomics can be found in our whitepaper here:
https://cdn.financeblocks.io/financeblocks-static/pdf/finance-blocks-whitepaper.pdf
The total supply is: 1,000,000,000
Circulation for the first few months: 5% of the total supply.
As of now, we have no plans of token burning, we might implement a buyback program in the future.
Q: Marketing is a central element for every project so that everyone knows the potential that a project can bring is vital to achieving the goals set. What is your strategy to attract new users and investors to your platform and keep them long-term?
Kunal: We have been heavily focused on marketing our project. We have done 2 of 30 planned UFC fighter videos for 2022, we’re growing our telegram and Twitter community every day through amas and ads, and influencer media!
We have more influencer media planned, airdrops, more amas coming up in the next few weeks and months!
Q: What are your top 3 things for priorities in 2022? Could you share some plans for the upcoming year?
Kunal: Our priorities in 2022 are:
1. Get listed on more exchanges
2. Grow our on-ground rural userbase to 80,000+ users
3. Generate more buzz around our project while building a strong community around us.
Follow Finance Blocks for the latest news:
Main Website: https://financeblocks.io/
Join Finance Blocks on Telegram: https://t.me/joinfinanceblocks
Follow us on Twitter: https://twitter.com/FinanceBlocks
FBX on Instagram: https://www.instagram.com/financeblocks/
Our Facebook: https://www.facebook.com/Financeblocks.io
Linkedin: https://www.linkedin.com/company/financeblocks
