Finminity (FMT) aspires to make fund raising safe & easy for Startups through DeFi through Polkadot powered Know Your Business (KYB), DAO, Staking, Voting and Governance process. Through its Launcpad Dapps, Finminity brings ETH and Binance Smart Chain (BSC) for our curated startups to do tokenization& fund raising. This provides a larger and diverse investor base and access to 2 best networks that DeFi offers now.
In this article, we'll discuss information about the Finminity project and FMT token
Finminity aspires to make fund raising safe & easy for Startups through DeFi through Polkadot powered Know Your Business (KYB), DAO, Staking, Voting and Governance process. Through its Launcpad Dapps, Finminity brings ETH and Binance Smart Chain (BSC) for our curated startups to do tokenization& fund raising. This provides a larger and diverse investor base and access to 2 best networks that DeFi offers now.
Finminity is an innovative Polkadot driven cross-chain launch pad and DeFi investor services platform that is flexible, rewarding, and most importantly secures funds through DeFi safety protocols of Value Locks, DAO, and Milestone based fund release.
Finminity brings ETH and Binance Smart Chain (BSC) launchpads for our curated startups to do the token offering. This provides a larger and diverse investor base and access to the two best networks that DeFi offers now.
The Finminity token & investor community services are powered by Polkadot for Know Your Business (KYB), DAO, Staking, Voting, and Governance process. While we have the current DAO in Solidity and Ethereum, we have also started to build it in Polkadot
Crowdfunding and DeFi based Investment services were made for each other, and it’s going to change the way actual capital markets operate. With Finminity (FMT) Token driven ecosystem, our platform helps SMEs to raise funding in a decentralized manner from a community of investors. It is enabled by a DeFi Token Engine which creates regulated tokens on ERC 20 or ERC 1404 for companies that are raising funds. It also has a decentralized Investor Services Platform powered by Finminity DAO for permissioned investor voting for resolutions and statutory obligations.
Finminity is one of most flexible coin issuance marketplace where DeFi firms can define their raise, configure their tokens issuance terms and investors can invest with with an integrated KYC.
Finminity allows companies to do asset token mapping, put the company pitch onboard for investors to see and invest, ERC 20/1404 standard Token Creation and Allocation to investors and then provide ongoing investor services. This token engine also has integrated the KYC check of the company and investors .
Our token Investors gets Investment liquidity and earn interest as their funds are only disbursed after successful milestone achievement as agreed during the fund raise.
Token holders within the platform can also take part in community voting for company rating, resolutions and stake their FMT tokens for governance.
Liquidity has been a problem for general Crowdfunding Platforms, as Investor would like to trade the tokens after a vesting period to other investors and make money out of it, just like normal Stock IPOs or ICO’s they participate in. While we have partners where our tokens are listed for easy swap, we also have a P2P Marketplace where buyers can sell these tokens to others in the investor community to get liquidity.
The other important one stop function that Finminity provides to firms that raise money is that through a DeFi aligned Investor Services *module, *Investor Resolution Management and Voting, Milestone based Escrow and Payments, Dividend Distribution. Even Bankruptcy management is done when a company fails, thereby saving investor money. While this helps the firm to be compliant with the investor obligations, Finminity gets a recurring fees for these services provided.
Firstly we provide investor risk management so that companies can’t run away with investor money. We have Blockchain escrow and Milestone based payments which stops fraud and forces companies to work to get the funds lying in the escrow/client money account.
Secondly we have Blockchain based Voting so that Investor can vote for company resolutions and Annual General Meetings. We have also enabled proxy voting where investors can delegate the vote to be given by a trusted associate and earn money.
Our vision is to bridge the funding gap of entrepreneurs during the early stage of their company, so that retail investors can participate early stage startups and get a chance to investment in next Unicorn even with a small amount. And that too in a regulator compliant manner.
Banking is regulated and hence tough to build in a decentralized manner. This kind of services has to be CeFi. But investment banking is semi-regulated, works on network, referral, verification and business logic of matching investor with clients. Finminity provides the same DeFi benefits and we can prove that IB is best suited for DeFi, in the new hybrid finance (HyFi) world order.
What does Finminity bring to the table for Startups and Investors?
Asset backed tokens are becoming hot now. With more and more Hybrid DeFi use cases coming up, we are seeing Real Life Asset Backed by Tokens that can be bought and traded through Crypto. With this bridge built between real life assets with crypto , we are going to see tokenized real bonds giving interest or a tokenized share giving profit percentage or dividends. Finminity aspires to work in this Hybrid Finance (HyFi) space and can call ourselves HyFi — taking the best of CeFi and marrying that with DeFi and Decentralization.
Finminity Tokenization Engine allows companies to do asset token mapping, onboarding the company on Blockchain, ERC 20 and 1404 standard Token Creation and Token Allocation to investors. In addition, through a DeFi aligned Investor Services module, Finminity provides Investor Resolution Management and Voting, Milestone based Escrow and Payments, Dividend Distribution and Investor money return on company failure. It is more like a Decentralized Investment Bank of the new world.
Finminity tokens, identified by FMT, is used within its associated Crowdfunding platform for the following use cases -
1. Companies (who are raising funds against their own tokens) will use the FMT tokens as fees for
2. Investors will use FMT tokens to
3. Custodians will use FMT tokens as fees for providing access to the Token Register — for cases, when verifiers want to know who are the beneficial token holders (just like we put a request to Registrar of Companies to know who are the current shareholders of a company)
4. 3rd Parties like Fund Houses will FMT tokens for creation of Portfolio of Tokens, just like a Mutual funds chooses a set of Stock to create a Fund we buy. Lenders can be verifying token certificates for loans also and verification charges could be paid in FMT
With a target of 10 companies coming into the platform for tokenization at the end of the first year and approximately 3500 investors onboarded, the appreciation potential of these utility tokens are high.
Finminity’s business makes it a hybrid finance (HyFi) model for your FMT tokens to appreciate — It has a Crypto offering (through ERC-20 tokens) & Real capital market front end (with ECR-1404 tokens). At any point of time, one sector will be normally up and other down — for e.g. when people are worried about stock markets and economic environment they rely more on crypto and gold. When stock market is up & economic indicators are positive, they use crypto money to real world share buying.
We know that as investors we have to hold patience as both module/sector may not shine at same time. So its always a zero sum game till now.
But Finminity is the first platform with its HyFi FMT token to give you an option to hedge.
1) When Capital Market is good -more real-world companies come into our platform to get funding. The more they come, the more our platform is used, automatically our tokens are used in greater numbers and demand goes up. Even in a dull crypto market, as the capital markets becomes good, our FMT tokens will provide value and appreciate in its utility.
2) When the Capital Market is down - we normally see the Crypto market going up. When the Crypto market is up, the wave will automatically take our token up because the token holds value in the near future of the economy.
So, our HyFi FMT tokens provide a hedge so that it appreciates and hold value to our token holders in all seasons.
For the Utility Token Offering, there will be 100 million FMT DeFi tokens, out of which 30 million available for Sales. 8810 FMT token is priced at 1 ETH. The Hard Cap is 3000 ETH akes it a low cap keeping a demand for the tokens at all times. We believe that with out a thriving community and ecosystem through which we can onboard new projects and have more uses cases of our platform, is a must. As a result, we have set aside a good amount of tokens for Ecosystem, Foundation & Exchange Liquidity. In addition to keep the market cap optimum we have kept the right mix of private and public allocation of tokens in the sales. For more on the Tokenomics, Token Supply, Lock-Up Periods, and Token Distribution- please refer -> FMT Token Model
Finminity Token Metrics
If you don't have a Metamask wallet, read this article and follow the steps ☞What is Metamask wallet | How to Create a wallet and Use
Step 1: Sign up as an investor.
Step 2: Toggle all the Agreement and Disclaimers to ‘Yes’ and tick the ‘Agree’ check box to start contributing.
Step 3: After successful sign-in, edit your profile and fill all the mandatory fields.
Step 4: Go to the ‘Companies’ page and select Finminity Finance (sample company with details) to start investing.
Step 5: Download the SAFT agreement, fill the details and upload it. Tick all the check-boxes to proceed.
Step 6: After the investment, you will be redirected to your Portfolio where you will be able to view your investment details.
Step 7: Simple KYC is needed only for contributions of more than 5 ETH.
KYC check is one time. Once you have done it in Finminity, you can invest in all the upcoming companies without the need of doing KYC again.
In case you face any problems, please use Chat Support in the website or send a mail to [email protected] with the problem you are facing. For special cases, we can do it manually also.
Apr 7, 2021 - Apr 10, 2021 Tokens for Sale: 150,000 FMT Tokens Sold: N/A ICO Price: $0.57 Soft Cap: TBA % of Total Supply: 66% Fundraising Goal: $85,500 Accept: ETH Personal Cap: TBA Access: Public
Finminity has been listed on a number of crypto exchanges, unlike other main cryptocurrencies, it cannot be directly purchased with fiats money. However, You can still easily buy this coin by first buying Bitcoin, ETH, USDT, BNB from any large exchanges and then transfer to the exchange that offers to trade this coin, in this guide article we will walk you through in detail the steps to buy FMT
You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)...
We will use Binance Exchange here as it is one of the largest crypto exchanges that accept fiat deposits.
Binance is a popular cryptocurrency exchange which was started in China but then moved their headquarters to the crypto-friendly Island of Malta in the EU. Binance is popular for its crypto to crypto exchange services. Binance exploded onto the scene in the mania of 2017 and has since gone on to become the top crypto exchange in the world.
Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer, and buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)...
Step by Step Guide : What is Binance | How to Create an account on Binance (Updated 2021)
Next step - Transfer your cryptos to an Altcoin Exchange
Since FMT is an altcoin we need to transfer our coins to an exchange that FMT can be traded. Below is a list of exchanges that offers to trade FMT in various market pairs, head to their websites and register for an account.
Once finished you will then need to make a BTC/ETH/USDT/BNB deposit to the exchange from Binance depending on the available market pairs. After the deposit is confirmed you may then purchase FMT from the exchange ICO to Apr 7, 2021 - Apr 10, 2021: https://zeedo.zeroswap.io
There are a few popular crypto exchanges where they have decent daily trading volumes and a huge user base. This will ensure you will be able to sell your coins at any time and the fees will usually be lower. It is suggested that you also register on these exchanges since once FMT gets listed there it will attract a large amount of trading volumes from the users there, that means you will be having some great trading opportunities!
Top exchanges for token-coin trading. Follow instructions and make unlimited money
☞ https://www.binance.com ☞ https://www.bittrex.com ☞ https://www.poloniex.com ☞ https://www.bitfinex.com ☞ https://www.huobi.com ☞ https://www.mxc.ai ☞ https://www.probit.com ☞ https://www.gate.io ☞ https://www.coinbase.com
Find more information FMT
🔺DISCLAIMER: Trading Cryptocurrency is VERY risky. Make sure that you understand these risks if you are a beginner. The Information in the post is my OPINION and not financial advice, is intended FOR GENERAL INFORMATION PURPOSES ONLY. You are responsible for what you do with your funds
If you are a beginner, learn about Cryptocurrency in this article ☞ What You Should Know Before Investing in Cryptocurrency - For Beginner
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