December 1-st held an Ask Me Anything session at ICO Speaks telegram chat. From the Fintropy there was:
👨💻Eugine Kolesnikoff |CEO| @e1_a1quimista
My name is Eugene! Nice to meet you! I have around 25 years of experience in fintech and venture capital, I am CEO of Fintropy! I have been in crypto for 8 years.
👨💻Michael Medrish |COO| @mikhail_medrish
Hello everyone! My name is Michael/ I have around 30 years of experience in IT and Internet
👨💻Justin| Silver, Advisor| @Janon9
My name is Justin! Nice to see you all. I am an Advisor for Fintropy! I bring a background of legal studies and a decade of business outreach experience to the project. I’ve helped out with popular crypto projects like ColdStack, and am excited to be helping with Fintropy!
Let’s get started!
Q: How did you come up with the idea of Fintropy in the first place?
A: Fintropy’s scope is always evolving as DeFi grows. We wanted to make a project that gives the quality of life features those from traditional finance enjoy. I hope we can make a beautiful project in classic decentralized finance.
Q: What FIntropy can provide to people?
A: Fintropy provides an all-in-one platform to manage Tokenized Exchange Traded Funds (ETFs) which allow one to deal with cryptocurrency, NFTs, stocks, commodities, and the many variations of these assets. We allow asset managers to create their own unique portfolios of aggressive cross-market strategies, and let investors easily pick and choose from these diverse portfolios, all from one platform. Fintropy also provides a portal to access a number of DeFi services as well. The Fintropy platform will allow for the aggregation of nearly any existing and approved asset, ETF, or hedge funds from across the cryptocurrency ecosystem, while also providing the security and oversight needed to make this vision a success.
Q: So what is the main key feature of your platfrom?
A: Fintropy will be able to balance the safety of investors while still giving asset managers the freedom to pursue their preferred strategies, and be rewarded in the process. With a simple LP synthetic token backed by underlying assets, we empower traders from around the world to easily participate in the global economy.
Q: Is Fintropy only for experienced investors?
A: Fintropy is one of the most attractive platforms for both traditional, experienced investors as well as newer investors who may be introduced to investing in stocks or crypto for the first time!
Q: If I’m not mistaken, you have an upcoming IDO this week. Can you tell us a bit about it?
A: Our IDO will take place on Lightning platform on 2nd of December.
Here is the official announcement:
Please make sure to have some LIGHT so you could invest:
Q: When and where do you plan to be listed after the IDO?
A: We are planning to list on SushiSwap on December 3rd! More DEXs and CEXs to come after
Q: Can you tell us more about your team’s background and also about the investors and backer of Fintropy?
A: Our team is from all over the world, we come from different backgrounds, technical, financial markets and more. We have around 20+ core team members right now.
For example: Our CEO has 20+ years of experience in Finance and Venture Capital.
Our CMO has worked on 15+ cryptocurrency projects including Ideaology, Burency, 2local, and Pointpay.
The rest of our team has a huge experience and background.
Regarding our backers, we proudly say that we are backed by the largest VC in the crypto space.
Basics Capital, NGC, Scorpio VC, Oasis Capital, Mint Ventures, EncryptClub, Hodl Global, CryptoDiffer and more.
Our Private Sales were sold out smoothly.
Q: What are the most strongest sides of the project?
A: The thing I like the most about Fintropy is, we are the first cross chain asset aggregator
Fintropy features come from problems that we experienced in the current exchanges.
The most obvious flaw in the crypto exchange and asset management market is a lack of unification. Individuals can only buy certain cryptos, stocks, forex, or commodities, on certain platforms. This makes it difficult for investors to track assets, and means that fees are incurred whenever transferring funds between platforms.
Even when dealing solely with cryptocurrency, a single CEX and DEX rarely has all of a user’s desired assets available, access to strategies such as margin longs and shorts, or services such as loans and insurance .
And above all, the strongest side of the project is its strong team. We have a very strong team in the project.
Q: Please tell us some milestone Fintropy has achieved as well as some upcoming hot events that are going to happen in the near future?
A: As for what we’ve accomplished:
– We completed our private sale smoothly
– we had an amazing bounty campaign, it was very successful
– We are going to have our IDO very soon with a strong platform (Lightning)
– We have our MVP/Demo platform ready
All of this was possible because we work as a team and we complete each other!
The most important upcoming events are the IDO and listing of course, but we plan to have our platform ready for users at the start of the new year
Q: Since NFT is popular nowadays, is there a plan for NFT integration?
A: Yes, we actually plan to offer fractionalized NFT shares! We likely won’t launch with that feature, but as you said NFTs are very popular and we want to access that market 100%
Q: Do you have Whitepaper if yes, please share it with as secondly do you have plans for pre-sale? Now where can we Join it?
A: There was a question about a white paper. Look on the website. https://fintropy.io/white_paper.pdf
Q: How did you get the community involved in developing the project? and how do you build a strong community to grow globally?
A: We really try to engage our community a great deal through updates not just on the platform itself, but by doing weekly reports on the blockchain sector in general, as well as giving daily highlights on market movements! Doing so means we have a very smart user base that’s excited to trade with Fintropy.
We also have a great social media presence!Strong bounty campaigns and more really help us inform people. Make sure that you are subscribed to our other channels so you don’t miss a thing (News, Info, Giveaways).
Q: On your website you don’t mention that you have done any internal or external audit of your smart contract, so can you give us details if you have done any audit before? And in case you haven’t, would you plan to perform any review of your smart contract in the near future?
A: We’ve actually been audited by Hacken! We have a link on our frontpage, but we’ll provide it below. We’re very happy that one of the best audit companys out there has given their stamp of approval for our project
Q: What is the meaning of the name of the project and why did you name it that way?
A: “Fintropy” is a play on the word “Entropy”, which is a term used in scientific communities to describe measurable randomness and disorder. Fintropy is designed to unlock the science behind investing! We know crypto can be confusing, but we want to help users experiment with aggregated assets, or invest in proven portfolio formulas.
Q: Non-crypto user is very important for mainstream adoption. How you are planning to attract non-crypto users towards your project? Is there any upcoming partnership that will brings non-crypto user and real-use case?
A: Yes, we have plans and an understanding that this is an important issue. We are now in the process of negotiations with such partners.
Q: Do the token holders have the right to participate in the governance of the project? What kind of decisions can they vote on about the project?
A: Yes actually, in order to be truly decentralized we feel it is important for users to have direct say in our platform. This means users pick what assets are whitelisted, meaning tokens with strong communities can easily find their way to our platform. Also, users have the ability to rate different portfolios and asset managers – and even ban ones they deem are unfit for Fintropy! We want users to have a say in every aspect of the platform.
Q: Revenue is a very important aspect for all projects to survive and maintain the project / company. What is the way to generate profit / revenue of token? What is the income model ? thank
A: Our revenue mainly comes from fees collected by the platform for portfolio creation – while these fees are minimal, they provide the base we need to establish a sustainable platform. We also plan to offer premium services for users, which will also help!
ICOSpeaks hosted an AMA Session with the Fintropy Team. That’s all for today.
Thanks to all users who participated.
Thanks, Fintropy for being with us
Thanks, all and see you soon😉
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