FinanceX is a cryptocurrency exchange that allows exchanging crypto-currencies for local money (FIAT), using any means of payment and anywhere in the world.

1. Current exchanges have problems

The popularity of Blockchain technologies and in particular for cryptocurrencies has been steadily increasing for several years, with a very strong acceleration since 2015. It's estimated that the population which will invest in cryptocurrencies will be of the order of 3 billion people in 2025 (against 50 million in 2009).

After several studies and surveys, a very simple conclusion has emerged: people do not use cryptocurrencies as a means of payment, despite all the advantages that this could bring them, but they use it mainly as a means of trading. As a result, a new market has emerged offering significant profitability prospects and numerous cryptocurrency exchanges have been created to take advantage of this craze; we think in particular of Binance, Huobi, Kucoin, gate.io, Bitfinex, iDex, ... There are currently more than 200 cryptocurrency exchanges around the world. From that moment, cryptocurrency trading became easy and accessible to all.

However, despite the excitement, the current exchanges present many problems:

• Very few exchanges offer to trade with real money which forces investors to go through intermediaries which cost them time and significant transaction costs. For example, the simplest way is to convert your fiat (EUR, USD, ...) into BTC or ETH via a service like Coinbase and then transfer that cryptocurrency to an exchange.
• There are many exchanges but very few possible trading peers.
• There are very few options for the trader. Few exchanges offer the option "stop loss" for example.
• There is few payment method to deposit money in his wallet.
• Low reliability and significant security issues.

In this context, FinanceX wants to launch a new type of exchange that will solve most of these problems and that will have the advantage of accepting real money.

2. The FinanceX ecosystem

FinanceX is a new generation cryptocurrency exchange that allows traders to directly trade cryptocurrencies for real money. Several payment methods will be available and Fiat-crypto peers will be available for most of the countries in which the exchange is open.

FinanceX's ambition is to become the largest exchange in Southeast Asia and to enter the top 10 cryptocurrency exchanges in Asia Pacific within 3 years.

The main asset of FinanceX is to allow to trade cryptocurrencies directly against local currencies. But that's not all.

The main features of FinanceX are:

• Trading of cryptocurrencies directly from local currencies which saves time and money (no need for intermediaries to convert their money into cryptocurrency type BTC or ETH).
• Many ways of payment are available for the user: bank transfer, e-wallet like Paypal. Bank-Wallet Money Transfer takes less than 60 seconds in both directions.
• The platform promises a stable and important trade volume based on a market study that counts 5 million potential traders in the area.
• Lower trade fees than those charged by other exchanges.
• Ability to absorb a large number of transactions through a scalable system based on the number of users. At first, FinanceX will have the capacity to support between 100,000 and 200,000 transactions per second.
• A unique portfolio that will gather all the assets of the user and offer him the history of all these transactions.
• A user friendly trading interface for both beginners and experts. All the necessary features are available within a single, intuitive interface.
• A stable platform that is developed on the infrastructure of many stock and forex. So the platform is reliable thanks to a monitoring 24/7.
• A secure platform thanks to a KYC / AML system, a log system that tracks all operations performed on the platform, a double-factor authentication and an anti-DDOS system, ...
• Transparency concerning platform fees. There will be no hidden charges and will only be charged for transactions that are within the defined scope.

At launch the local currencies of Indonesia, Vietnam, Philippines, Malaysia and Laos will be supported.

The business model will be structured around two revenue streams:

• The fees taken on trading transactions.
• The fees charged to list new crypto-currencies on the platform.

3. Trading Fiat-Crypto

The real added value of FinanceX over most other cryptocurrencies exchanges is the ability to trade directly from real money (including local currency). No need to go through an intermediary type Coinbase which saves the investor time and money.

4. An experienced team

The FinanceX team consists of five founders, eleven core team members and five advisors. Overall, the team has over twenty years of experience in finance, exchange stocks and technology.

S. Ohta (co-founder and chairman) is an expert of the Tokyo Stock Exchange that has led to the success of many IPOs. He was also advisor to the Japanese government on the theme of investments in Southeast Asia.

Chien Tran (co-founder and vice chairman) has a strong background in designing software solutions for the finance industry and is the architect of several big data trading systems. He's also the Founder and CEO of Navisoft, a company that offers trading systems for stock exchanges.

Peter Dinh (co-founder and CEO) has an MBA and has worked for many companies in Indonesia such as Jabaneka TBK, PT. Telkom Indonesia or PT. Supra Software.

Henry Ng (co-founder and CTO) has a dozen years of experience in e-commerce and software development. He has, for example, been General Manager at Balance Internet, one of the largest e-commerce companies in Australia and New Zealand. He also founded three startups and has certifications from Microsoft, Scrum Alliances and Blockchain Foundations.

Cuong Nguyen (co-founder and CMO) is an autodidact who has extensive experience as a CMO or manager in the banking sector. He is also the founder and CEO of Ubank.

The advisors, who have at least ten years of experience in their fields, will bring their experience in finance, commerce, marketing and technology.

5. Exchange is already available

The product of FinanceX is already online and is accessible at the following url: https://www.financex.io/.

Below is a video demonstration of the FinanceX platform :

ICO - Token sale

• Public ICO: 21 november 2018 - 31 december 2018 (presale is live until 14th november)
• Minimum /Maximum Contribution: No
• Softcap: $3.000.000
• Hardcap: $15.000.000
• Token price: 0.047$
• Total Tokens: 900.000.000 FNX

TOKEN DISTRIBUTION:

TOKEN ALLOCATION:

Some links about the project

• Website: https://www.financex.io/ & https://ico.financex.io
• WhitePaper: https://drive.google.com/file/d/1rYAQXQW0UJWLnxB7mYRHq3PxEsA4i8Bf/view
• Telegram: https://t.me/FinanceX_Token
• Medium: https://medium.com/@FinanceX
• LinkedIn: https://linkedin.com/in/financex-singapore
• Facebook: https://www.facebook.com/FinanceXPrivateSale/
• Twitter: https://twitter.com/@therealFinanceX
• Reddit: https://www.reddit.com/user/FinanceX
• Youtube: https://www.youtube.com/channel/UCDC6DrhaS4Ck9l2dO8CymMQ
• ANN Thread: https://bitcointalk.org/index.php?topic=4891389.0
• Bounty Thread: https://bitcointalk.org/index.php?topic=5029822.0

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/!\ All images and videos are from the Whitepaper or the financex.io website