In September 2023, the second round of fundraising kicked off. The exchange is holding a presale of the FNDX native token. The main goal of the presale is to raise funds to scale the platform and launch new trading ecosystem tools.
Tokensale
Earlier, the platform raised $500 thousand from private investors. The funds helped launch the main CEX trading platform and organize the possibility of cloud mining. The next stage of investment is aimed at deploying its own network, decentralized version of the exchange, payment system and other tools.
The total issue of tokens will amount to 1 billion. A quarter of the supply (25%) is reserved for sale to investors. At the end of November 2023, the developers reported on the first interim results – within the framework of the presale has already managed to collect $100 thousand.
Sales will be conducted in several stages. Details – in the table.
FNDX Tokenomics
The standard of the native cryptocurrency is ERC-20. The token will be integrated into all elements of the ecosystem, including those planned for launch. The main functions of FNDX:
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- Payments. In native tokens, users will be able to pay trading commissions on the Findex exchange. Holders will also have access to additional products and services of the platform.
- Staking. Holders can lock deposits in FNDX to participate in voting and platform management. Rewards for participating in steaking are also available.
- Cloud mining. In December 2023, contracts are only available using USDT stackablecoin. FNDX will later become the primary payment medium for cloud mining within the exchange.
- Lending. Native tokens can be used to borrow funds.
- Participation in DeFi. One of the immediate goals of the project is the release of the DEX exchange and the creation of a system of decentralized finance. The release of its own cryptocurrency is the first step towards the realization of DeFi potential. The launch of decentralized blockchain products is scheduled for Q3 2023.
Findex exchange and ecosystem
The CEX-format platform has become the main platform for cryptocurrency trading. In November 2023, the service offers buying and selling of 72 assets. Trading is conducted in pairs with the Tether USD (USDT) stablecoin. There are 10 thousand users registered on the platform. The service performs 100 thousand transactions per month.
More than 50 employees of the company are working on the creation of the ecosystem. In addition to the exchange, 2 services have also been launched:
- Cloud mining.
- Earn investment tools.
Cloud mining
With its help you can remotely mine 6 cryptocurrencies. For this Findex provides equipment capacity for rent. Users of the exchange only need to sign a contract for the amount of 150 USDT. There will be no need to maintain the devices. The following assets are available for remote mining:
Earn investment programs
In addition to active trading and mining, the exchange provides an opportunity to earn income from deposits in cryptocurrencies. In the Earn section, Prime and “Accumulation” programs are presented. Also, 2 additional tools are planned to be launched – Dual Asset and Liquidity Mining.
Users can join Prime cryptocurrency portfolios, compiled by Findex analysts. In this case, it is possible to invest in several fundamental assets with the potential for price growth. The minimum term is 60 days.
In the “Accumulations” program, users receive a guaranteed return in the form of a percentage of the deposit. The tool is also designed for clients with minimal experience in passive investing. It is possible to deposit one of three crypto assets – Bitcoin (BTC), Ethereum (ETH), Tether USD (USDT) stablecoin. The annual percentage rate (APY) increases depending on the duration of the staking. A flexible option with the ability to withdraw at any time is available, and there are fixed term programs (1 month and 60 days).
The team has planned the release of a new Liquidity Mining tool. The program will allow you to invest using leverage.
Roadmap
The launch of their own token will be a step towards development and achieving the outlined plans to create a DeFi component. The development of the P2P platform and mobile app for Android and iOS is also underway. Additionally, the team shared the roadmap for the next year and beyond.
| The launch of social trading interaction is planned. This means that experienced traders will be able to share strategies and analytics with other users in real time. Participants will have the opportunity to invest not only in ready-made portfolios, but also in special pools of cryptocurrencies. | ||
| The product will provide users with access to borrowing in digital assets within the exchange. | ||
| Holders will be able to invest digital assets and be rewarded in FNDX native tokens. | ||
| With the product, it will be possible to invest deposits in single assets and use the exchange’s native token to manage the investment. The mechanics helps to reduce volatility risks. | ||
| The product will become a service for purchases in the e-commerce segment. The solution will be built on the basis of a smart contract. | ||
| It is also planned to launch its own payment system. | ||
| Scheduled release of Findex’s own decentralized swap trading protocol. | ||
| The network will be built on Zero-Knowledge Proof (ZK) type validation. | ||
| The use of artificial models will help to better analyze the dynamics of the crypto market. | ||
| A platform for launching tokens of new projects. LaunchPool will help startups attract investment and liquidity. At the same time, users will generate revenue through an additional tool. | ||
| The team plans to integrate the capabilities of GameFi and Metaverse segments, as well as launch its own NFT marketplace. Additionally, work on the development of social interaction between users of the exchange and products of the parent ecosystem was announced. |
Conclusion
Findex aims to help users with different backgrounds work with cryptocurrencies. A simple interface and educational resources promote mastery in the digital asset sphere. New investment opportunities and social interaction are oriented to attract professional market participants.
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Author: Saifedean Ammous, an expert in cryptocurrency economics.
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