Team

Fintech veterans Peter Hoang and Dmitriy Paunin founded Finblox. Peter previously co-founded Gotrade, a Y Combinator-backed, zero-commission stock trading app. Dmitriy Paunin served as the Chief Technology Officer of Coins.ph, the largest cryptocurrency exchange in Southeast Asia with over 16 million users. Together, they bring a unique blend of financial expertise, technical proficiency, and entrepreneurial vision to drive the success of Finblox.

The FBX Token

The native token of Finblox, FBX, powers the Finblox ecosystem. Holders of FBX can gain access to special FinGPT features, burn tokens to increase processing power, and stake tokens to boost rewards. Due to the high demand for FBX that resulted from its sale on well-known launchpads like PoolZ, Decubate, and Trustpad, the initial supply was quickly exhausted. Finblox has also announced that the most recent public sale of FBX ended on May 17, 2023.

FBX Benefits

Introduction to FinGPT & DestinyX

At the core of Finblox’s platform is their upcoming innovative AI tool called FinGPT. Modern AI algorithms and natural language processing are used to analyze financial data and give users insightful information. FinGPT aims to improve financial decision-making and all aspects of financial literacy with its advanced capabilities. The tool is equipped with cutting-edge AI algorithms that enable it to process and analyze enormous amounts of financial data, and through this sifting obtain the potential to find patterns, correlations, and possible investment opportunities. Capable of  analyzing market trends, historical data, news articles, and any other relevant data points, FinGPT promises to offer users insights that might otherwise be hard to find using conventional analysis techniques through harnessing the newfound potential of AI.

Additionally, Finblox has partnered with DestinyX, an online prediction markets platform, to provide users worldwide with the opportunity to win prizes by accurately predicting the outcomes of popular global events. DestinyX offers a user-friendly interface with gamified functionalities, allowing participants to engage with like-minded individuals and explore trending and exciting topics. To participate in events, users utilize an in-app currency called FBS (not to be confused with FBX).

Mission and vision: Finblox's goal is to empower users with all the knowledge and tools they need to take control of their financial future. Regardless of one's background or experience, the platform aims to make financial inclusion and literacy accessible to all. You can also have a look at their Litepaper here.

Impact

Tools such as FinGPT may make dealing with crypto a much easier and hassle-free experience especially for new users who do not have much technical or fundamental know-how when they make investment decisions. Some examples of how this tool could drive adoption are:

Enhancing Better Decision-Making

By giving users access to financial data insights and analysis, the tool can help users make better financial decisions. This has the potential to enhance financial judgment in the DeFi and cryptocurrency sectors, resulting in better investment tactics, risk management, and portfolio management overall.

Access to Deep Insights

Finblox seeks to democratize access to cutting-edge financial insights by utilizing AI technology. This openness encourages greater participation and fills in the knowledge gap in the cryptocurrency industry. Enhancing Risk Management Techniques Users can improve their risk management strategies with the AI-powered analysis provided by FinGPT. FinGPT enables users to make more thoughtful decisions and reduce potential losses by spotting patterns, correlations, and market risks.

Driving Financial Literacy

Finblox's focus on financial literacy and education aligns with the broader goals of the DeFi and crypto ecosystem. By providing personalized recommendations, user-friendly interfaces, and educational resources, the platform aims to empower even the most basic users to develop their financial knowledge. This can lead to more responsible and informed participation in the DeFi space, fostering a stronger and more sustainable ecosystem.

Influencing Trends and Sentiment

The insights generated by FinGPT have the potential to influence market trends and sentiment within the DeFi and crypto ecosystem. As users leverage the platform's analysis and recommendations, their actions may collectively impact market dynamics. This highlights the importance of responsible and informed use of the AI tool, as it can contribute to the overall market behavior and sentiment.

Opportunity for Investment

Entering the FBX ecosystem now could position investors for potential long-term gains given the bucket of investors boasted by the team and a growing demand and interest for AI based dApps. The rapid sell-out of the preliminary two sales of FBX during the initial offerings demonstrates strong demand and investor interest. Currently the prices have dropped significantly post the sale, leaving an excellent opportunity for speculative investors to pick up their bags.

Tokenomics

As per the token roadmap & schedule, the team is considering more exchange listings from late May till the first week of June.

Vesting: 20% on the token generating event (TGE), then 20% monthly. Unsold tokens to be burned. This could possibly drive much more enthusiasm and hype towards the project, which could be very rewarding to those that invest early.

Token Sale

For early investors, the FBX sale priced at (0.007 per FBX) resulted in quite a loss instead of a promising opportunity. The token is now available to buy on several CEXs (Centralised Exchanges) such as MEXC & Gate.io at almost a 50% discount.
As Finblox's native token, FBX will be used to power all the products in the Finblox ecosystem and grant token holders access to special features on their platforms. Holders of tokens can profit by staking tokens to earn lucrative rewards too.

Roadmap

Finblox’s Roadmap has live, upcoming & future products planned.

Finblox Products‍

Live‍

• ‍FinEarn - Earn passive yields on stablecoins and other cryptos such as BTC, ETH, and SOL‍
• FinSwap - Easily exchange one cryptocurrency for another without leaving the Finblox ecosystem‍
• PoolParty - A weekly prize pool that gives you a chance to win prizes by holding crypto ‍
• FinLaunch - The world's first mobile-first web3 launchpad within the Finblox ecosystem.‍
• FinP2P - Allows users to buy and sell crypto directly to other users ‍
• Web app - Full features from the app to be available for any internet browser

Upcoming

• ‍AI-FinGPT - AI-powered financial consultant that is set to revolutionize the way we approach wealth-building that uses advanced AI algorithms to analyze financial data, paving the way for more efficient and effective financial decision-making. ‍
• DestinyX - An event markets platform that lets you predict events from modern to pop culture topics such as weather, movies, hobbies, sports, etc.

Future

• ‍FinChain - A Layer-1 protocol enabling the creation of smart contracts for tokens on the Finblox-branded blockchain ‍
• FinCard - Spend your crypto at Point-of-Sales systems ‍
• NFT Marketplace - It will be an exciting hub where users will not only be able to collect and trade NFTs - but can also create their own using our outer space themes.