Fintropy is a tokenized ETF management platform that will be deployed in the blockchain. For the sake of those who may not know what ETFs are, ETF stand for Exchange Traded Fund. In simple terms, ETF is a conglomerate of stocks, commodities, securities or bonds. In other words, ETFs is akin to a collection of stocks, commodities, bonds or securities of different companies, lumped into one pool and traded as a single entity in exchanges. ETFs are regarded as safer investment than the individual components as the volatility of the various components are compensated for thereby minimizing the risk factor. In addition, ETFs offers more trading convenience. Fintropy will be one of the pioneers of tokenized ETF management platforms that leverages on the beauty of blobkchain technology.
I will do a quick analysis of why I consider this project good and promising. In order to make it simple, I will look at the product, the tokenomics, the team and what the future holds for the project.
THE PRODUCT
Institutional investments in cryptocurrency is still very low if compared to other portfolios; the key arguments against cryptocurrency being the volatility cum risk factor. However, with Cryptocurrency ETFs, such volatility and risk factor can be minimized. Fortunately, the recent approval of ProShares application for Bitcoin ETF by the SEC will spur new investments and innovations in this area. Interestingly, Fintropy is building a platform that will allow experienced individuals to create ETFs which investors can choose from base on performance. Fintropy will deploy a rigorous onboarding procedure that will ensure that only proven portfolios are listed on the platform. One of such method is DAO governance which makes for democratic ways of of asset whitelisting. What I find so special about the Fintropy platform is that the platform is not only limited to cryptocurrency ETFS, it will cover other asset classes such as bonds, stocks, yields, shares, NFTs and so on. It will be designed in such a way that portfolio managers will be able to conveniently and quickly switch from one asset class to the other when there is a confirmation of unfavourable market condition. This will keep investors profitable irrespective of the market regime. Therefore, the product is superb as it is obvious it will be of high demand, hence, with excitement as we wait for the launch of the Fintropy platform, I say goodbye to the pain of bear market!
TOKENOMICS
There is a total supply of 30 million token created for the Fintropy platform, 40% of which is being offered for sale to raise the fund needed to develop and run the project. The token will be the medium of settlement within the Fintropy ecosystem. Below is a breakdown of the token and fund allocation.
What I want to emphasis is the team and advisors’ token which is 7% of the total supply. This shows the team is not greedy as they did not allocate huge and controlling percentage of the token to themselves. With this, the price of the token care rarely be manipulated by one entitle and further attest to the promises of this project. More so, there is appropriate provision for liquidity in this project and that is another positive sign. Furthermore, the Fintropy smart contract was audited by Hacken OU, a renowned smart contract security auditor in the industry, the result of the audit is here.
TEAM
The CEO, Eugine Kolesnikoff have over twenty years’ experience in finance and venture capital such as AIG Brunswick Capital Management and IIDF. His wealth of experience is sufficient to deliver on this project. Another key member of the team is Kim Chaabane who is the CMO, has over fifteen years’ experience in the cryptocurrency industry and played key role in the development of many notable projects. Finally, John Burmeister who is the Partnership Lead has over ten years’ experience in related roles and have delivered on several projects. It will there be almost impossible for a project with a team like this not to be successful.
ROADMAP AND FEATURE PLANS
The team have delivered on the roadmaps as stated in their website and this is testament to the competence of the team. Other things lined up in the future that will further strengthen the project include:
- Tokenised stock integration
- Gamification features
- Cross-chain bridges
- AI powered trading
- Fintropy mobile App
This shows that the future is bright for this project and the token will yield great returns if held for long.
CONCLUSION
Like I always say, the product offered by any cryptocurrency project is the driving force of such project. We have seen that the Fintropy project is bringing a unique project that will appeal to both crypto enthusiasts as well as people accustomed to conventional investment methods. I see Fintropy paving the way for institutional and mainstream adoption of cryptocurrency.
To learn more about the project and how to participate in the token sale, use the links below.
Website
Author
BTT username: nattykio
BTT profile link: https://bitcointalk.org/index.php?action=profile;u=1617655