What Is FNDZ (FNDZ)?
is a social trading platform with an ecosystem of traders interacting via the FNDZ Platform with the FNDZ Token as a medium of exchange. FNDZ aims to create a transparent and decentralized environment for successful traders and their personal networks, followers and supporters. It aims to be the first DeFi platform that enables truly decentralized copy trading because it allows traders to mitigate risks from following market trends by being able to follow successful traders without paying hidden fees common to centralized social trading platforms. Copy traders can follow different profiles containing charts, graphs, and other useful information about the trader the user wishes to copy.
In the future, FNDZ plans to incorporate an analytics dashboard built with MultiBaas Spreadsheet to allow users to visualize and analyze real-time market data. In addition, the platform plans to launch on other chains via the MultiBaas Bridge.
Who Are the Founders of FNDZ?
Although FNDZ does not disclose the founders of the company, it lists a couple of different contributors working on the project:
Robin Ubaghs (growth & marketing): serial entrepreneur and CEO of TWR Investments.
Valentino Cremora (operations & tech): previously CEO of AMDAX, a Dutch crypto exchange.
Matthew McElligott (product): serial entrepreneur and venture capitalist.
Robert de Pater (legal): owner of Gimbrere Advocaten, a law firm with five offices in the Netherlands and Spain.
Robert Ligthart (design): long-standing experience in UX/UI.
Edwin Verbeek (data): years of experience within the retail sector as product expert for Dyson.
Adem Yazid (communications): years of experience in web development and branding
Gianni Fama (backup design): nearly a decade of UX & UI design experienc
Filippo Bolsano (content & social): over three years of marketing experience in the blockchain.
What Makes FNDZ Unique?
FNDZ has a few unique selling points that distinguish it from other social trading platforms. First, it aims to set itself apart by having a simple and easy-to-use platform that allows users to generate an income somewhat passively. FNDZ also promises safe, non-custodial storage of user funds and audited smart contracts to reduce risks.
To start trading, traders set up a vault containing an overview of all assets and all relevant information, such as average monthly returns. Traders copying strategies are to benefit from a transparent fee structure that allows them to understand how much and to whom they are paying when copying someone’s trades. The platform uses an order book model and charges creation fees, management fees, performance fees, and redemption fees:
Creation fees are charged to traders that create a vault for a strategy.
Management fees are set by traders and must be paid by those following them.
Performance fees represent trader fees for the successful management of assets. They are initially set at 20%.
A redemption fee is a one-time fee payable by the user when exiting a vault.
In the future, FNDZ will also include features like trading alerts, configured auto-trading strategies based on preset signals, and mirroring trades in the mempool.
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How Many FNDZ (FNDZ) Coins Are There in Circulation?
The total supply of FNDZ is 100 million tokens. FNDZ follows the following token allocation:
Seed - 12% at a price of $0.08, vested over 24 months.
Private Sale - 20%, at a price of $0.12, vested over 24 months.
Launchpad - 2%, at a price of $0.24, fully unlocked.
Advisors - 6%, vested over 24 months.
Team - 20%, vested over 24 months.
Rewards - 10%, challenges rewards for traders.
Treasury - 20%, funds for protocol development, fully unlocked
Marketing - 10%, vested over 24 months.
The FNDZ token acts as a utility token that provides a method of payment between network participants. It can also be used to vote on governance proposals, such as fee model changes. Traders can also earn FNDZ for referrals or pay for advertising on the front page in FNDZ.
How Is the FNDZ Network Secured?
FNDZ is a
token on Binance Smart Chain. BSC is secured through the
. 21 validators are elected every 24 hours to validate transactions and maintain blockchain security. These validators have to stake a certain amount of BNB coins with Binance to be eligible.
Where Can You Buy FNDZ (FNDZ)?
FNDZ is available on
Cryptocurrency newbie? You can read more about how to enter the market and how to buy FNDZ or any other token in the CoinMarketCap education portal —