A state-of-the-art crypto asset exchange with reliability, high-end security, legal compliance. Finafex ICO rating – 69
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Active ICO : 15/02/19 – 15/04/19
Roadmap: 7/10 Legal: 1/5 ICO terms: 4/5
Team: 16/20 Token applying: 3/5 Promotion: 14/20
2 353 908
Rank in ID – 190402
About Finafex ICO (token sale)
Finafex ICO is the crypto exchange arm of the Capital Investment Bank Limited, an Investment Bank licensed under the purview of the Labuan Offshore Financial Services Authority (LFSA). Finafex ICO is a fully regulated crypto trading exchange, the first ever in South-East Asia and the only one based out of Labuan the Offshore Financial Hub of Malaysia. It aims to take advantage of the opportunities offered by the revolutionary blockchain technology through opening a gateway of crypto trading to a whole new market with much higher standards for security, regulation and convenience. And this way, it allows a seamless fiat to crypto and crypto to fiat trading system, and multi-layer Crypto Asset Custody – something the industry been waiting for years.
Finafex ICO aims to be the leading cryptocurrency trading platform for South-East Asia by virtue of location, accessibility, usability, its cutting-edge technology, innovative tools, and trading packages – delivering all in a regulated and legally sound environment. The fundraising activities, development of the Finafex ICO Platform and its native token i.e. FNX token, and its ecosystem described in this white paper are all within the ambit of LFSA’s Labuan Financial Services and Securities Act 2010 and Money Service Business Act 2011.
Finafex ICO crypto asset exchange will start its operation by allowing crypto trading in the 50 leading cryptocurrencies with the pairs such as Bitcoin, Ethereum, Ripple and other selected cryptocurrencies. In addition to crypto to crypto trading, Finafex will eventually also trade selected fiat to crypto transaction pairs. Finafex ICO is a cornerstone of the long-term Cryptocurrency and Crypto Asset Industry plans for Labuan, including a vibrant ICO and Crypto Notes launch platform, Global Remittance and Settlement using blockchain, and an innovation lab on blockchain use cases and token ecosystems.
During the token sale, Finafex ICO will issue 300mln Tokens i.e. 50% of the total supply of 600mln Tokens, to be called the Finafex ICO Token (FNX)—an ERC 20 compatible token deployed on the Ethereum Network.
Finafex ICO Tokens will be issued on an early adopter bonus basis – ranging from 10% to 30% depending on the purchasing timeline. Categorized as a Utility Token, FNX Token will allow access to the Finafex ICO platform that features multiple trading options including instant buy/sell, order books for different cryptocurrency pairings, seamless withdrawal, and settlement into the banking system. Near future plans (within 18 months) for the Exchange are other innovative and revolutionary features such as trading of security tokens, crypto futures, and crypto bond notes.