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Fintechbit ICO Review – ICO Token News

Introduction to Fintechbit Token

FinTechBit Token (FTB) is a utility token which has been built on Waves block chain so that token holders transcend geopolitical frontiers and become a member of unique educational trading group named as Fintechbit. This group utilizes a proprietary trading robot called PredicTrader™. It helps the beginners and experienced traders by educating them that how to align themselves with the current trend followed in the digital currencies. The robot will assist the members to learn how to utilize the algorithms to stand themselves appropriately in the market. It also teaches them the methods to adopt it and reap benefits from the dynamic markets.

What is Fintechbit?

Fintechbit club will focus on teaching the members on how to trade in Bitcoin futures and cryptocurrencies, and teach the ways to read the market dynamics. Fintechbit token is a utility token which allows the user to become the member of this active community to get trading education. The Fintechbit group utilizes the robot that helps the group members by teaching them to position themselves in the current scenario of bitcoin and other crypto currencies domain.

Vision

The Fintechbit team is aiming to educate the people who are interested to learn about trading in the arena of cryptocurrency market. To achieve their goal, they have introduced the utility token (FTB) so that any person can join their trading group from anywhere and get educated about this exciting market. FTB is not a security token. It allows the users to buy educational resources after becoming the member of Fintechbit group.  The main reason of issuing the token is to allow anyone from anywhere to be the part of this educational trading group without being restricted by any geopolitical stress.

Why to Join Fintechbit Community?

If you are really interested to know about bitcoin and cryptocurrencies market then joining Fintechbit group is a worthy choice for you. This group will play well in educating the members to trade bitcoin futures and digital currencies.  With the help of their trading robot called as PredicTrader, group members can easily learn and enhance their knowledge for reading and understanding the market signals. Moreover, it also tells you how to take your position to reap maximum profits from the newly offered bitcoin futures and other crypto currencies.

What is PredicTrader™?

PredicTrader™ (PT) is defined as an automated application (robot) which allows the club members to concentrate on things for which they are passionate about. This is a market analysis application that constantly focuses on analyzing the market conditions and takes its positions according to it.  In this way, PT will also teach you how to analyze the market and search good setup to take positions.

Technical analysis is the process of forecasting the future value of the variable by examining the past behavior or state of being.  The variable comprises of different things including populations, financial price movements, temperature, etc. This technical analysis is applicable only for the variables where value, quantity and quality is influenced by the forces of economic outlook, climate, demand, supply, geopolitical state of being or natural phenomena.

This is the reason why for analyzing markets, technical analysis is considered as a method of choice by market participants. The market participants include investors, traders, investors and members of educational trading groups such as Fintechbit group.

How to Follow PredicTrader™’s Actions?

During the ICO period, S&P 500 Emini will be visible in order to prevent the privileges of those members who will subscribe to the premium package membership. The aspiring members of the group will be able to see PT trading screen in real time by clicking on the link “live market” available at the company website http://finitechbit.io.  Once the position setup will start developing, five minutes before at the end of current price bar, PredicTrader™ will flash the notice on the screen with the message ”Be ready to sell” or ”Be ready to buy”. If in case setup position fails, the PT will alert the members with printed message on the screen that possible position has failed. Otherwise, PT will show the message ”Buy at market now’ or  ”Sell at market now”, depening on the signal.

Learning from PredicTrader’s Characteristics

The PT will constantly search for favorable market setups in order to take the positions.You learn various things from the PT properties like:

  • It can take multiple positions in the same direction at the same time
  • At the time of high volatility such as at the opening bell, PredicTrader™ will suspend the actions. It will close all the open position in 30 seconds before the market closes for the day.
  • How to take position on all the probable good setups at that time when a limit has not been reached?
  • How to set it and forget it
  • Depending on the volatility of the market, how to change your positions directions dynamically.
  • Don’t take any position when the market peak is in volatile time period such as opening bell.
  • Restrict the number of daily risks to protect your capital.
  • How to close position before market is closed
  • How to adjust the risk-reward ratio dynamically according the market range (differential between highest and lowest price).
  • Switch from simple stops to trailing stops (and vice versa) dynamically according to the market condition.

Fintechbit Token and Blockchain

Fintechbit token can be accessed by anyone in the world who has computer and internet connection.  You can easily become the exclusive member of it by selecting the membership package that is perfect for your needs. Fintechbit token works on Waves blockchain because it works faster than other blockchains like Bitcoin and Ethereum. The Blockchain is extensively adopted by businesses and individuals across the planet due to its innovative features of ingenious security, borderless and global ledger, etc. It plays a significant role in creating a successful collaboration for common goals in a trusted environment.

Blockchain is checked and validated with the help of cryptographic code so that total strangers can continuously interact with peace of mind as the transactions are secured and cannot be altered. It offers an open, distributed ledger which is capable of recording the transactions between two parties in verifiable and permanent manner. Blockchain technology ensures that no one can temper with the records. It doesn’t matter whether it’s old transactions or new one, blockchain will preserve all the data in a secure manner.  Anyone can see and check the ledger and transaction history on the network. It means, your one time membership in Fintechbit group will be permanent, and you need not pay any extra charges for this.

Fintechbit Membership Packages

Fintechbit provides different membership packages according to the varying needs of the individuals. The membership packages are provided in the form of Fintechbit Tokens (FTB). $0.10 is the price of one FTB token.  Here we have listed the summary of membership packages offered by Fintechbit

  • Starter       :-1000 tokens = $100 ( The member can watch and follow  one market)
  • Intermediate       :- 2000 tokens =$200 ( The member can watch and follow two markets)
  • Advanced       :- 5000 tokens = $500 (The member can watch and follow three markets)
  • Bronze    :- 10,000 tokens=$1000 ( The member is allowed to watch and follow four                                         markets)
  • Silver    :-20,000 tokens =$ 2000 (Allows members to watch and follow all markets)
  • Gold   :- 50,000 tokens=$5,000 (The members can watch and follow all markets and vote which market to add)
  • Platinum  :-1,00,000 tokens = $ 10,000 (The member not only can watch and follow all markets but also vote for the markets to add and receive custom PredicTrader™ to trade own market)

Token Sale

The FinTechBit has issued 560,000,000 FinTechBit Tokens (FTB). The price of one FTB is $0.10. The company will provide added bonus at the time of Pre-ICO, the tokens (similar to  CappasityLotuscoreDIWKoiosBunnyTokenSealStreamityUpline) will be provided with bonus of 75%. After buying the token, each member will become exclusive, permanent and enjoy immediate access to PredicTrader™.  The ICO crowd sale will run through 3rd January 2018 to 31 December 2018.  During this time duration the bonus sales will be distributed in the below manner:-

  • January     -:     60%
  • March     -:    50%
  • May  -:    40%
  • July   -:    30%
  • September -:    10%
  • November  -:    5%

The ICO will go on until 31st December 2018, or until all the tokens are sold, whichever is earlier. All the unsold tokens will be destroying after 31st December 2018.

Token Details

  • Assets name :- Fintechbit
  • Token :- FTB
  • Reissuable   :- false
  • Decimals :-8
  • Amount :- 560,000,000
  • Description :- It’s a utility token of membership to an exclusive group
  • Fee :- 1 Waves

Token Distribution

At the end of the ICO, the tokens will be distributed to the members. Bounty participants will get paid monthly in the form of Waves, ETH or BTC. The company will provide token bonuses to high-end quality campaign participants at the end of the ICO.

Fund Allocation

The funds will be allocated in the following manner :-

  • 24 % for Further software development
  • 24% for upgrade PredicTrader™ to web based app
  • 5% for marketing
  • 5% for legal
  • 4% for Trade demo
  • 4% for owners
  • 9% for administration

Bounty Pool Disbursement

The bounty pool will be 4% of the proceeds each month and it will be dispersed as per the following manners.

In the first month, they will allocate 100% of the bounty pool to the signature campaign. The spots are limited.
Rest of the bounty campaigns will start from 1.1. 2018 that you may apply until then

  • Signature Bounty       : 25% of bounty pool – 100% of bounty pool for Dec. 2017
  • Creative Bounty      : 10% of bounty pool
  • Translation Bounty      : 20% of bounty pool
  • Blog/YouTube Bounty : 15% of bounty pool
  • Twitter Bounty : 15% of bounty pool
  • Facebook Bounty : 15% of bounty pool

Company Roadmap

  1. Q1, Q2 2016, Development of algorithmic automation tool named as AKA ”The Bot”
  2. Q3 2016-Q2 2017, After doing rigorous testing, The Bot becomes the PredicTrader™
  3. Q3, Q4 2017, Introduction of PredicTrader™
  4. December, 2017, Pre-ICO crowd sale
  5. Q1-Q4 2018, Monthly payouts to bounty participants
  6. Q3-Q4 2018, Upgrade the PredicTrader™ to trade bitcoin futures
  7. Q4 2018, trading of Fintechbit token FTB on the major exchange

Team Members

Martin Kusasira (CEO)

He is a master financial analyst and creator of foundation trading robot for Fintechbit named as Predict Trader. Martin has designed the superlative and time tested algorithm for creating ease and automation in trading.

Chris Butler (CMO)

He has extensive experience as a marketer. As the Community Manager and Sale Manger, he has worked closely with RunCPA.

Jonathan Wong (Advisor)

He is the founder and Group CEO of R3 Holdings Ltd. He has years of experience in the field of finance and fundraising for startup in the Asia.

Lori Brown (PR and Media Advisor)

She is a well-known journalist of the world’s news on the important technological and financial topics. With her unique and opinionated style of writing, she has earned the title as the most entertaining writer in the realm of crypto currency.

Summary

Fintechbit is a group that utilize the robot ( PredicTrader™) which plays well in analyzing the live charts and educating members for taking positions in the current booming market of Bitcoin and other cryptocurrencies. FTB token allows the holders to exceed the bar of geopolitical frontiers and get the members of this exclusive club to enhance their knowledge and education on the bitcoin futures. With this utility token, you can easily become the part of this active trading education community by joining the ICO.

Team

  • Martin Kusasira
    Martin Kusasira
    Martin Kusasira
    (CEO) -
    He is a master financial analyst and creator of foundation trading robot for Fintechbit named as Predict Trader. Martin has designed the superlative and time tested algorithm for creating ease and automation in trading.
  • Chris Butler
    Chris Butler
    Chris Butler
    (CMO) -
    He has extensive experience as a marketer. As the Community Manager and Sale Manger, he has worked closely with RunCPA.
  • Jonathan Wong
    Jonathan Wong
    Jonathan Wong
    (Advisor) -
    He is the founder and Group CEO of R3 Holdings Ltd. He has years of experience in the field of finance and fundraising for startup in the Asia.
  • Lori Brown
    Lori Brown
    Lori Brown
    (PR and Media Advisor) - She is a well-known journalist of the world’s news on the important technological and financial topics. With her unique and opinionated style of writing, she has earned the title as the most entertaining writer in the realm of crypto currency.

Milestones

  • 1
    Q1, Q2 2016
    Development of algorithmic automation tool AKA "The Bot"
  • 2
    Q3 2016 - Q2 2017
    After rigorous testing, the bot became Predic Trader
  • 3
    Q3, Q4 2017
    Introduce public memberships to Predic Trader
  • 4
    Dec 2017
    PRE - ICO Crowdsale
  • 5
    Q1-Q4 2018
    Monthly payouts to bounty participants
  • 6
    Q3-Q4 2018
    Upgrade Predic Trader to trade Bitcoin futures
  • 7
    Q4 2018
    Trading of Fintech Coin FTB of the Major Exchanges

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