Topic: [ANN] [ICO] FinTab – The Accounting System for Cryptocurrency Portfolios - page 64. (Read 15540 times)

The pre-ICO starts!

https://fintab.io/

Only 10 minutes is left until the start of the pre-ICO.

We accept Ethereum and Bitcoin through the personal account for the investors.

On the pre-ICO will be sold only 2 million tokens on bonus conditions:
Cost of the token: $0.1
Hard cap: $200 000

Have time to invest!

How to buy tokens:
https://docs.google.com/document/d/1ZFeYQu8JZ9YI8Tc1sijpA9e0pjO3QZ9KNFNH3Wpz9i8/edit#heading=h.w9lwwjpxf5ol

The pre-ICO will start in 6 hours!

The start of pre-ICO is scheduled for Thursday, October 12 at 12:00 (UTC).

Have time to invest!

We accept Ethereum and Bitcoin trough the personal account for the investors.
The access to the personal account will be send an hour before the start, it will also be posted on our website.

We are on the home stretch:
We wrote a smart contract and conducted an audit. We are setting up a personal account for investors and preparing a website for the output of sale statistics of tokens.

Cost of the token: 0.1$
Hard cap: 200 000$

You can ask questions and discuss the pre-ICO in the Telegram chat.
https://t.me/fintab_chat_en

We will simply change the amount of tokens required for payment. For example, at first it will be 50 tokens per month, and a year later it will be 10 tokens, and in a few more years - 0.01 tokens per month. Each time the token amount will equal $19.
Moreover, the complete burning of tokens is almost impossible - even if after a long time there are just a few tokens left, each token has a divisibility of 8 (that is, it can be divided into 100 million parts).

We will do it 100%.
In practice, there will be more functionality, not all of the statements in the chart.

I just saw the comparison chart that you posted here and you are offering many things that competitors are not yet offering.

Is there 100% certainty that will implement everything that said in that chart?

https://bitcointalksearch.org/topic/bounty-ann-ico-fintab-the-accounting-system-for-cryptocurrency-2216504 – Bounty Program

http://CoinTracking.pw

There you go. Free service and you can upgrade for a better portfolio using your bitcoin and will actually work right away instead of waiting 6 months to use it.

Is there a bounty program? I cant found anywhere. 

Projects like IFT have different positioning and other tasks. They simply do not have the time and resources to develop accounting systems. In the future, we plan to cooperate with such projects and offer them our solution.

i personally can't see why the free portfolio apps will be outdated by this projects, but you never truly know until it's too late. i also have a hunch that it would be much easier and would make a lot more efficiency-wise sense for a service like IFT (investfeed) to add a portfolio accounting system

We are heading into the homestretch

We've written the smart contract and conducted the audit, set up a personal cabinet for investors, and currently are preparing our site for displaying the sales statistics of tokens.
Pre-ICO starts October 12 at 12:00 (UTC).

Perfect! I plan to participate, I hope everything goes well

On Thursday, pre-ICO has time to invest

Thanks, we still have a bounty program.
https://bitcointalksearch.org/topic/bounty-ann-ico-fintab-the-accounting-system-for-cryptocurrency-2216504

Thank you!

i wish suscees

Important changes in the project
Despite the fact that pre-ICO will be held on October 12, we decided to make fundamentally important changes in the project.

Burning of tokens
We decided to abandon the dividend system (charging tokens to investors, to return to the market) in favor of  burning of tokens.
How the smart contract will work when you pay for the service:

• Every month (the first day) 10% of FNT tokens entered from the users (as a payment for the service) go to the FinTab team.
• The remaining 90% of FNT tokens entering the system as payment for the service will be burned every month (first day).

* Exposure per month is needed to reduce gas costs when transferring tokens.

The reason why we switched to the system of burning of tokens

• Legal aspect of the system. Using the dividend system, we came under the control of such regulators as the SEC. Burning of  tokens allows you to expand the geography of the service.
• Legal aspect of users. Dividends are treated as a certain income over a period of time. Accordingly, for investors this may become an additional taxation.
• Technical aspect. Payments should be made to investors who have more than 2500 FNT on their account. But what if these funds were transferred to the stock exchange, to several purses / exchanges? Because of this, there could be problems with accruals or their complete absence.
• Economic aspect. With a significant number of investors, the cost of transferring tokens could reach very high values.

Investors' interest
Burning of tokens will lead to an increase in the deficit of tokens, especially given the constant growth of users. Thus, we can predict a more rapid growth of the token rate (than in the case of dividends).

Users' Interest
To ensure that the deficit of tokens does not lead to a sharp rise in the cost of the service, we fix the cost of the service in USD:
— "Pro" account — $19/month
— "Manage" account — $95/month

Payment is also accepted only in FNT tokens. With the growth of the FNT rate, the cost of service in tokens will decrease, remaining fixed in USD.
Moreover, with the increase in the cost of the token, you can save a lot on using the service if you buy in advance (on pre-ICO or ICO) FNT tokens.

Issue of tokens
Switching to the system of burning tokens and a fixed price in USD also allowed solving the problem of the future uncontrolled growth of the cost of the service. In this regard, we decided to reduce the number of tokens produced by 5,000,000.

1. Pre-ICO (12 October - 12 November 2017).
At the Pre-ICO stage, 2 million FNTs will be put on the market.
Cost of 1 FNT = $ 0.1
Soft Cap - $ 63,000
Hard Cap - $ 200,000

2. ICO (December 2017).
At the ICO stage, 21 million FNTs will be put on the market.
Cost of 1 FNT = $ 0.4
Soft Cap - sold 8 million FNT
Hard Cap - sold 21 (+3 in case of sale of reserve) Million FNT
At the ICO the following system of bonuses will operate:
— In the first 48h + 30% of tokens.
— In the next 5 days + 20% of tokens.
— In the second week + 10% of tokens.
— In the third week + 5% of tokens.
— In the fourth week bonus accruals are not made.
If all tokens are sold out within the first 3 weeks after the start of the ICO, a reserve fund will be used. Otherwise, tokens from the reserve fund will be destroyed. After the fourth week, the sale of tokens ceases. All unsold tokens will be destroyed.

Conclusion
Switching to the system of burning of tokens and fixing the cost of the service in USD:

• Preserves investment attractiveness (and even increases in the long term).
• Provides a fixed transparent cost for users, despite the growth of the token rate.
• Solves the legal issue.
• Simplifies and makes more reliable technical implementation.

Great news.
We cancel dividends and burn tokens.
Later we will write more about this.