Topic: [ANN] [ICO] FinTab – The Accounting System for Cryptocurrency Portfolios - page 65. (Read 15540 times)

By all offers you can write to me in Telegram: @grigory_gm (https://t.me/grigory_gm)

Hello

If you want to list your ICO on http://tokensfund.io/

Contact us via email or social medias !

[email protected]

Twitter : https://twitter.com/tokensfund

Telegram : https://t.me/Tokensfund_io

Thank you

This platform works. Also it will be tested on our project.

Good!
But does this platform already work or not? It seems that they themselves conduct the ICO?

Bounty Program in progress ¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡¡

We decided on the platform on which we will mange our pre-ICO:
http://startico.net/
What advantages does the platform give to investors:
— Two-factor identification at the entrance to the personal account (plug-in function at the request of the user).
— The software provides maximum reliability and security of payment acceptance. Software does not store private keys for wallets and hacking the software does not make sense.
— Inability to change payment addresses and details, each transaction is one-time.
— Acceptance of payments with automatic tracking of the fact of payment and delivery of the token.
— Acceptance of payments in various crypto-currencies.
— The software provides to investor an opportunity to change the address of Ethereum wallet to where the purchased token will be delivered.
— Output of investment statistics and order list.
— Contact form with sending messages to the organizer ICO.
Now we are actively engaged in the preparation of a smart contract.

Joined Twitter campaign and trying out the beta site

Our official Bounty program. Take part:
https://bitcointalksearch.org/topic/bounty-ann-ico-fintab-the-accounting-system-for-cryptocurrency-2216504

Thank you!

A very promising project, I am interested when reading the announcement about this project, maybe I will participate in ICO later, hopefully the project is successful.
let's see your bounty thread

it seems this is a big project with a big mission as well, but this project has potential for success, this project also distributes large quantity for per-ICO, this is very promising, good luck.

this is a coin with a very unique concept, I'm very curious about the progress of this project, so far the progress of this thread is good enough, hopefully run well as planned

Where does the 10 million number come from?
To reach such number, we would need to sell out absolutely all the tokens (to take the Hard cap), without bonuses (during the 3rd and 4th weeks of the ICO, without selling anything at all in the first 2 weeks).
The real number is the Soft cap. As for now, the Soft cap is 15 million FNT, but will most likely be reduced to 10 million FNT.
10 million FNT equals $3.4 million (taking into account the fact that people will buy tokens during the whole period of 4 weeks, that is, including the bonus accruals).

The team will receive only 10% of the tokens paid for the service, the remaining 90% will return to the market as dividends (see the WhitePaper, "Issue and sale of FNT tokens" section). Thus, the core funds for development, promotion and remuneration for 2018 will be formed during the ICO. Starting from 2019, the number of users must become sufficient, so that 10% will be enough for the full maintenance and development of the system.

ICO budget distribution (sorted irrelative of the expenditure):
— Promotion of the service: we need to attract 300,000 users by the third quarter of 2018.
— Mobile application development for iOS.
— Elaboration of the ‘Manage’ accounts functionality.
— Development of our own API for currency rates, ICO tokens and their historical values.
— Development of our own blockchain for processing and storing the user transactions database.
— Formation of the 24/7 support service.
— Server and administration costs.
— Security and safety systems: all user data will be completely safe, even the FinTab team will not have the access to it. By decentralizing the storage and processing of the database (by the means of blockchain) we will in fact eliminate the chance of losing or hacking the data.
— Legal registration of the company.

Salary for:
— The team of developers (about 15-20 people).
— Promotion Department (pr, marketing, community support - about 10 people).
— Technical support team (5-6 people).

Profit of the company. In our case, ICO is not just some sort of crowdfunding, but the way of selling the tokens for "Pro" and "Manage" accounts’ payments (of which we will only receive 10%). All that goes beyond the stated costs is the company's profit for 2018.

That is why FinTab is not just a service, but the accounting system for crypto-currency portfolios. One of the main problems of existing services is that they do not have enough resources for development. That's why we decided to have the ICO in order to make a cool, working service - the system that will be used by funds and traders - and maintain it at the highest level.

If we don’t return tokens to the market, their quantity will constantly decrease, which will eventually lead to the deficit and the FinTab service will become extremely expensive (the token value will drastically increase).
We’ve considered an option of returning the tokens by reselling them, but it would make us the regulators of the token value, which contradicts the ideology of blockchain. In other words, we want our service’s price to be regulated by the market itself.

Why return tokens to the market?

Official Bounty Program

the concept of this project really is not foreign to me, it is very potential for success, but there is a very big project that can be the most difficult competitors, hopefully this will be a big project too later

Great news: tommorow we'll announce our bounty-programm!

If you speak russian, you already can take part in bounty:
https://bitcointalksearch.org/topic/bounty-ann-ico-fintab-2210907

How is FinTab different from its competitors?
 
We have carried out the analysis of 17 cryptocurrency accounting services.
They can be divided into 2 categories:

• Broad functionality, but unhandy interface.
• Good design and usability, but lack of features.

Portfolio accounting services comparison
https://preview.ibb.co/hbBFPQ/Portfolio_accounting_services_comparison.jpg
Original spreadsheet:
https://docs.google.com/spreadsheets/d/14sIHtNYW99iZ8lf2Lfin_0sSfR1_xspjgCe38KclOOE/edit?usp=sharing
 
Let’s consider the chosen services in more detail
Coin.fyi
The service lets you add currencies and specify their USD value.
Absence of other transaction types, limited to a single portfolio only. The system simply calculates the summarized portfolio value and ROI of currencies and portfolio. It’s a very simple scheme. Even Google Tables or Excel can offer a broader functionality.

Cointracking
It has plenty of features, half of which are not in demand even among traders or trusts (many transaction types have in fact the same meaning). Yet it’s the most functional system; it offers standard reports with an export option, dashboard, import from various exchanges via CSV, API integration, forecasting.
Cons: all features are very inconvenient to use, free version has a scaled down functionality, there’s no mobile app and no analytics on multiple transactions*.
It also has just one portfolio, which makes the system pointless for traders and trusts.

CryptoCompare
The most usable of the existing services. It allows you to create multiple portfolios, offers the overall basic analytical tools for portfolios and currencies.
Cons:

• no mobile app;
• no transaction import/export feature;
• no automated data transfer from the exchanges;
• no reports;
• no exchange/transfer transaction types;
• impossible to perform multiple operations*;
• no guest access feature – portfolios can either be public, or private.

Thus, the service can be great for personal use, but doesn’t meet the needs of traders and trusts.

Blockfolio
The only decent mobile app as of today. It’s got the buy/sell feature, the notification system, the wide choice of exchanges.
Cons: there’s no desktop version, which makes it exhausting to add many transactions and currencies. Also, there’s no percentage calculation for multiple transactions*.
The service is only good for personal use with a small amount of currencies and transactions.
 
How is FinTab different from its competitors?
The free version of FinTab will have functions similar to CryptoCompare and Blockfolio. Moreover, it will offer:

• both desktop and mobile versions, which will be synchronized automatically;
• the accounting of ICO tokens (even the ones that are not issued yet);
  
• ability to add currencies that are not present in the market yet;
• ability to add custom exchanges and wallets;
• the buy / sell / exchange currency functions, as well as transferring between the exchanges;
• calculation of portfolio dynamics and its profit/loss and ROI considering multiple transactions* (replenishment, withdrawal, exchange);
  
• calculation of currency dynamics and its profit/loss considering multiple transactions* (replenishment, withdrawal, exchange);
  
• other standard functions (exchange rates, notifications, etc.);
• blockchain implementation for decentralized processing and storage of users’ transaction database.

*The example of multiple transactions: say you’ve purchased a currency at one rate, sold it at another rate, purchased it again and sold it, traded it for another currency, etc. It becomes challenging to calculate the percentage of currency profitability, as well as the whole portfolio ROI.

FinTab team has found the solution to this problem. Now you can always be sure to know your exact profit or loss (% or absolute value) on each currency or portfolio, no matter how many transactions you’ve performed.

But those are not our main differences
Our main point is our positioning. The service is intended for use by the following user categories:

• Traders — active users, working both on short and long positions. They perform numerous transactions and may have several active portfolios. Unlike the "Individual investors", traders perform series of transactions: several transactions within the same currency - purchase, exchange, transfer, withdrawal. They need to keep a record of these transactions and be able to see the overall statistics. Moreover, it is important to automate the addition of transactions.
• Trusts — in other words, traders who take third-party finance under management and supervise several clients. They need to be able to separate the agent and client accounts, and actively interact with the technical support for individual improvements. The agent account will feature the possibility of setting the client cabinet for each separate client: displaying the relevant information, placing a personal logo, generating a report, etc.

Here are the vital features that will be implemented for these types of users:

• the unlimited number of portfolios divided into public and private ones;
• personal cabinet with reports system and extended analytical tools;
• simple, yet powerfully protected integration with cryptocurrency exchanges via API for the automated transaction data transfer (in order to exclude the manual transaction input).
  

For trusts (traders managing multiple clients) the most important features will be:

• division into agency and client accounts**;
  
• personal technical support.

**Each client’s individual portfolio access. You can set up the information you wish to display to each separate client. At the same time, unlike the ordinary portfolios, the client accounts are automatically synchronized with the agency accounts, thus, performing any transactions in your agency account you won’t need to manually duplicate them in your client’s account.

The Accounting System for Cryptocurrency Portfolios => very nice