ABOUT FINATCH
Finatch is a private Blockchain Technology Company which aim's at revolutrionizing the Blockchain Technology industry.
Looking at the lack of stable, fast and reliable decentralized crypto exchanges which causes inconviniences to crypto traders in the space. We have come up with the solution to the problems faced by decentralized exchanges.
There are basically two different types of exchanges: Centralized and Decentralized exchanges. We will focus on the Deentralized exchange system. We have a strong belief that Decentralized based crypto exchanges will be bigger than Centralized based crypto exchanges in the nearest future, because Blockchain is all about Decentralization.
They will play an evermore role in the world of finance, and we call this FINATCH EXCHANGE.
FINATCH EXCHANGE
Finatch Exchange is a Decntralized crypto exchange, which is run and powered by the Finatch Smart Contract Blockchain.
Problems
- Poor technical architecture in Decentralized exchanges
There are a good number of exchanges set up by professionals who have little or no experience in finance or in operating an exchange. They often take the easiest route to get the system up and running. While this may work well in the beginning, as traffic grows, the system will not be able to handle the increased load. Exchange systems need to be engineered from the ground up with security, efficiency, speed, and scalability in mind. This often slows down the initial development, but is critical for long-term success.
Our team has decades of combined experience building and maintaining world class financial systems that shape the economy. We understand how these systems are built from the ground up.
- Slow Smart Contract confirmation time
Deployment of Smart contract on the blockchain takes time and causes inconveniences becauses of the poorly built blockchain, this results in a bad user experience in decentralized crypto exchanges.
Our team has designed a new and capable type of Blockchain that speeds up confirmation time for smart contratcts, making the platform user friendly and smooth.
There are hundreds of exchanges that went down due to being hacked.
Finatch is built to top notch quality, audited, and penetration tested. We have experience building financial systems to the highest security standards and strive to ensure security first.
Professional traders and normal users are significantly affected by this. Having a shallow orderbook means high slippage when trading, which is very expensive for traders.
Finatch’s team have been in both the finance and crypto industry for many years. The team has worked on and operated a number of exchanges, and
have accumulated a large network of partners in this space. These partners will be key in bootstrapping the exchange.
Traders are a different breed when it comes to users. Understanding the trader mentality is vital for running a successful exchange. Money is literally on-the-line. Many exchange service trades as if they were running a social media site. A 3-second delay in seeing your friends’ status update would hardly be noticed, but on an exchange, the same would be unacceptable, resulting in a torrent of user complaints.
In additional to the technology stack, Finatch is built with service in mind. Finatch shares and supports responsibilities across the entire staff and company. When a trader has a problem, they get an answer directly from someone who knows the system and not someone reading from a script.
- Limited access to decentralized services
There are few existing decentralized exchanges with close to good user interface and lacks quick and reasonable smart contract transaction fees, causing slow platorm functioning.
Our team has designed a new and capable type of Blockchain that speeds up confirmation time for smart contratcts, making the platform user friendly and smooth.
- Poor internationalization and language support
Blockchains have no borders. Most exchanges focus only on one language or one country.
Our international multi-lingual team has extensive working experience in North America, Europe, Asia and Africa and we are able to smoothly support the global market.
All trading activities should be decentralized and open to the general public to insure trust and transparency in trades. Centralized crypto exchanges lack this quality.
Finatch runs on a Decentralized crypto platform where all trading activities are transparent.
Finatch is a Crypto Decentralized crypto exchange that has the feel and look of Centralized Crypto exchange but with more convinience And extra Blockchain Security Layer. An Exchange where you own your private keys.Finatch exchange is a huge decentralized trading exchange platform equipped with various sub-platform, trading tools and secure decentralized wallet.
Finatch exchange consists of various sub platforms to choose from, this changes the trading experience namely:
1. Binary Platform: Fin vault platform, FinBox platform
2. Finatch trading tools: Finatch exchange have the best trading tools ready for traders on all our trading platform, taking trading experience to the next level. You can choose from our multiple trading tools the one that suits your trading skills.
3.Andriod and iOs Mobile Trading Application.
MATCHING ENGINE
With our Unique Smart Contract Blockchain
Our matching engine is capable of sustaining 1,500,000 orders / second, making
Finatch one of the fastest exchanges in the market today. You can be certain, on
our exchange, that your orders will never be stuck due to the matching engine being
overwhelmed.
FEATURE ROLLOUT
We will roll out the platform in roughly the following order:- Decentralized (on-chain) exchange
- Spot trading
- Margin trading
- Futures
- Anonymous instant exchange
- and more...
COINS
Finatch will support trading pairs in the following coins:
- BTC
- ETH
- LTC
- BCH
- FIN (Finatch Coin)
More coins will be added over time. We generally will only add coins that have
strong credibility, user base, and liquidity. If you have a coin that you wish to be
listed on Finatch later.
DEVICE COVRAGE
We will provide cross-platform trading clients for:
- Web-based decentralized trading client
- Android native client
- iOS native client (pending App Store review)
- Mobile HTML5 client (including WeChat H5 client)
- PC (Windows) native client
- REST API
MULTILINGUAL SUPPORT
We will support English, Chinese, Japanese and Korean on all of our user
interfaces. (The very initial release will be in English only.) More
languages will be added over time.
FINATCH COIN
We will build our own Blockchain based Crypto coin, called the Finatch Coin. The Finatch Coin Total Supply is capped at 952.5M, but a strict pre mine of 200M FIN will be mined during the genesis Block. FIN Coin will run on the Finatch Blockchain.
Percentage (%) Amount (FIN) Participant
25% 50,000,000 Airdrop&Bounty Programs
25% 50,000,000 Project Development
40% 80,000,000 Founding Team
10% 20,000,000 Angel Investors |
No ICO or Pre-ICO will take place. 50% of pre-mined Coins will be distributed to the general Public Via Airdrop stages and Bounty Programs.
FIN VALUE AND REPURCHASING PLAN
You can use FIN to pay for any fees on our platform, inculding but not limited to:
- Exchange fees
- Withdraw fees
- Listing fees
- Any other fee
When you use FIN to pay for fees, you will receive a significant discount:
1st year 2nd year 3rd year 4th year 5th year
Discount Rate 60% 30% 12.5% 6.75%5 no discount |
REPURCHASING PLANEvery quater, we will use 15% of our profits to buy back the pre-mined FIN coin and Burn them, until we buy up 50% of the pre-mined FIN coin during genesis block (100M) back. All buy back transactions will be annouced on the blockchain.
FUNDS USAGE
- 35% of the funds will be used to build the Finatch platform and perform upgrades to the system, which inculdes team recruiting, training, and the development budget.
- 50% will be used for Finatch branding and marketing, including continuous promotion and education of Finatch and Blockchain innovations in industry mediums. A sufficient budget for various advertisment activities, to help Finatch become popular among investors, and to attract active users to the platform.
- 15% will be kept in reserve to cope with any emergency or unexpected situation that might come up.
FINATCH BLOCKCHAIN
Finatch Blockchain is a powerful unique blockchain built to solve the problems of long confirmation times and high transaction fees on smart contract Blockchains.
We also solve the scalablity problem with block size, by increasing the block size limit to 1GB.
Finatch Blockchain can handle more than 100,000,000 tranactions per second, with as little to as low as $0.001 tranaction fee, making our blockchain the most convinent and reliable blockchain in exixtence.
Our Blockchain runs on Scrypt PoW/PoS and Fault Tolorence Algorithms, making it one the most secure blockchains.
You can deploy smart contracts, decentralized applications and create your own (FRC Tokens) on our blockchain.
BUILD DECENTRALIZED APPLICATIONSCombining a modified Bitcoin Core infrastructure with an intercompatible version of the Ethereum Virtual Machine (EVM), Finatch Blockchain merges the reliability of Bitcoin’s unfailing blockchain with the endless possibilities provided by smart contracts.
Designed with stability, modularity and interoperability in mind, Finatch Blockchain is the foremost toolkit for building trusted decentralized applications, suited for real-world, business oriented use cases. Its hybrid nature, in combination with a PoS/PoW consensus protocol, allows Finatch Blockchain applications to be compatible with major blockchain ecosystems, while providing native support for mobile devices and IoT appliances.
DEPLOY DECENTRALIZED SMART CONTRACTSFinatch makes it easier than ever for established sectors and legacy institutions to interface with blockchain technology. Create your own tokens, automate supply chain management and engage in self-executing agreements in a standardized environment, verified and tested for stability.
SMART CONTRACT LIFE CYCLE MANAGMENTFinatch, in cooperation with its academic partners, develops tools and methods to standardize the workflow for business smart contract development. This includes the formally verifiable translation of human-readable agreements to machine smart contracts, and the error-resilient specification of their elements, terms and conditions.
SETTING INDUSTRY STANDARDSCooperating with a series of partners and third parties, Finatch aims to establish a smart contract hub, offering secure and thoroughly tested contract templates, tailor fitted for a multitude of industries and use cases, such as supply chain management, telecommunications, IoT, social networking, Crypto exchanges and many more.
ABOUT FIN COIN
FIN Coin is a decentralised Cryptocurrency based on Finatch. It is the local based Cryptocurrency of Finatch Blockchain.
FIN Coins are cryptographic software tokens used to engage with distributed applications (DApps) and smart contracts on the Finatch Platform. FIN Coins will serve as the staking currency of the Finatch blockchain and fuel computational operations performed by the Finatch network.SPECIFICATIONTotal Pre-Mined Supply: 200,000,000
Block Target: 3-15 seconds
Stake Return: ~5 FIN Coin
Algorithm: Scrypt PoW/PoS and FT
The FINATCH Foundation: Governance Structure
The development and maintenance of the FINATCH Blockchain, as well as all services provided by FINATCH, are directed and supervised by the FINATCH Foundation - a non-profit organization, representing FINATCH’s stake and token holders as elaborated below.
In order to avoid the inefficient conduct, open source and blockchain projects often suffer from, and to ensure a coherent and standardized implementation of the FINATCH blockchain, the FINATCH Foundation was established under the guidance and support of FINATCH Inc. The Foundation will oversee the development of the FINATCH Blockchain, advocate governance transparency, and promote the safety and harmony of the open source ecosystem.
The design of the Foundation’s governance structure mainly considers sustainability, management effectiveness, and fund-raising security in the open source community. The Foundation consists of various committees, such as Executive Judgment, Code Review, Finance & HR, as well as Marketing & PR. The different committees work in cooperation to manage FINATCH’s daily operations and special occasions with detailed operational procedures and rules.
Learn more here: https://finatch.org/governance-structure
Decentralized Governance Protocol
The Decentralized Governance Protocol (DGP) is designed so that individual blockchain parameters can be modified through a specially designed smart contract on the blockchain. Most importantly, this technology allows these blockchain parameters to be changed without any disruption to the ecosystem. After a setting change, no new software must be downloaded by users, and no intervention is needed from stakers, miners and node operators.
The way the DGP works is relatively straightforward. First, a governing party for the DGP makes a proposal to change a parameter. Afterward, all the governing parties for the DGP can vote on the proposal, and if it receives enough approval votes, then the parameter change proposal becomes active. The proposal data is then placed in a standardized format and a particular storage space so that the blockchain software can easily access it without needing to execute the DGP contract directly.
Learn more here:
https://finatch.org/decentralized-governance-protocolThe FINATCH Foundation will list the total assets that it holds including Bitcoin, Ethereum, Legal Tender, and FIN COINS.
The Foundation will also seek complementary services to aid our efforts in transparency and professionalism with a professional auditing firm, legal team and a professional digital asset management solution. We hope this will help promote the healthy development of the FINATCH Project and serve as a model for other projects.
The content will be made public to the community on the FINATCH.org Website
FINATCH WALLET
WINDOWS and LINUX qt Wallets are Live For Download! Visit our Website NowDownload Here.
FINATCH GITHUB ACCOUNT
Our Official GitHub Account Is now available follow us on GitHub for wallet and source code updates.
FINATCH ROADMAP
TEAM
The FINATCH Project is proud to be backed by some of the most notable blockchain players, traditional Venture Capitalists, and executives from some of the World's largest technology companies.
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