FINATCH - The Perfect Decentralized Secured Blockchain System
PREAMBLE
A storm has hit the investment market which we are not going to recover from. Crypto investment is that storm. With strict capital controls in place by most countries to control the flow of money and charge high taxes, cryptocurrency gained usage in circumventing capital controls and taxes, leading to an increase in demand. Cryptocurrency has been able to present an easy to use digital alternative to fiat currencies. Offering frictionless transactions and inflation control, investors have been prudent enough to add these currencies in their diversified portfolios as an asset, as the size of the market does not represent a systemic risk. Cryptocurrency employs the use of cryptography that assures high-security processes and verifies transactions personal to each user. Hence, counterfeiting and anonymous transactions are impossible to achieve.
While this revolution is gaining wide acceptance, Finatch, a private Blockchain Technology Company which aims at revolutrionizing the Blockchain Technology industry has arrived.
"The number of cryptocurrencies and exchange platforms are increasing each year. Currently, there are 190 exchanges, compared to 70 exchanges three years ago, on 15 March, 2015. Demand to buy and sell is also growing as the number of cryptocurrencies and trading platforms increase.
There are currently 1,568 different cryptocurrencies available, as at 21 March, 2018. This breaks down to 654 tokens and 914 coins. It all started with bitcoin, which was first released on January 9, 2009, and various versions launched in the following years. The first experiments in altcoins started happening in 2011 with Namecoin, iXcoin, SolidCoin and others being developed and released. Litecoin followed soon after in the same year.”
With that being said, Finatch exchange is a decentralized
crypto exchange incorporated and owns by finatch, it is run using FRC smart contract block chain, it trades numerous cryptocurrencies with FRC tokens , it is built to perform smoothly with easy to use interface.
But before we go any further, please check out this video presentation to get even more acquainted
Now that I have your attention, let’s get right to it.
What exactly is FINATCH?
Finatch exchange is a huge decentralized trading exchange platform equipped with various sub-platform, trading tools and secure decentralized wallet.
Furthermore, Finatch exchange consists of various sub platforms to choose from, this changes the trading experience namely:
Binary Platform
Fin vault platform, FinBox platform
Finatch trading tools
Finatch exchange have the best trading tools ready for traders on all Finatch trading platform, taking trading experience to the next level. You can choose from our multiple trading tools the one that suits your trading skills.
.Andriod and iOs Mobile Trading Application.
Finatch have come up with the solution to the problems faced by decentralized exchanges. There are basically two different types of exchanges: Centralized and Decentralized exchanges. Finatch will focus on the Deentralized exchange system. Finatch have a strong belief that Decentralized based crypto exchanges will be bigger than Centralized based crypto exchanges in the nearest future, because Blockchain is all about Decentralization.
Finatch runs on a Decentralized crypto platform where all trading activities are transparent. Finatch is a crypto decentralized crypto exchange that has the feel and look of centralized Crypto exchange but with more convenience and extra Blockchain Security Layer. An Exchange where you own your private keys.
The Problems
Poor technical architecture in Decentralized exchanges
There are a good number of exchanges set up by professionals who have little or no experience in finance or in operating an exchange. They often take the easiest route to get the system up and running. While this may work well in the beginning, as traffic grows, the system will not be able to handle the increased load.
Exchange systems need to be engineered from the ground up with security, efficiency, speed, and scalability in mind. This often slows down the initial development, but is critical for long-term success.Finatch team has decades of combined experience building and maintaining world class financial systems that shape the economy. Finatch understand how these systems are built from the ground up.
Slow Smart Contract confirmation time
Deployment of Smart contract on the blockchain takes time and causes inconveniences becauses of the poorly built blockchain, this results in a bad user experience in decentralized crypto exchanges.Our team has designed a new and capable type of Blockchain that speeds up confirmation time for smart contratcts, making the platform user friendly and smooth.
Insecured Platform
There are hundreds of exchanges that went down due to being hacked.Finatch is built to top notch quality, audited, and penetration tested. Finatch have experience building financial systems to the highest security standards and strive to ensure security first.
Poor market liquidity
Professional traders and normal users are significantly affected by this. Having a shallow orderbook means high slippage when trading, which is very expensive for traders.Finatchs team have been in both the finance and crypto industry for many years. The team has worked on and operated a number of exchanges, and have accumulated a large network of partners in this space. These partners will be key in bootstrapping the exchange.
Poor customer service
Traders are a different breed when it comes to users. Understanding the trader mentality is vital for running a successful exchange. Money is literally on-the-line. Many exchange service trades as if they were running a social media site. A 3-second delay in seeing your friends status update would hardly be noticed, but on an exchange, the same would be unacceptable, resulting in a torrent of user complaints. In additional to the technology stack, Finatch is built with service in mind.
Finatch shares and supports responsibilities across the entire staff and company. When a trader has a problem, they get an answer directly from someone who knows the system and not someone reading from a script.
Limited access to decentralized services
There are few existing decentralized exchanges with close to good user interface and lacks quick and reasonable smart contract transaction fees, causing slow platorm functioning. Finatch team has designed a new and capable type of Blockchain that speeds up confirmation time for smart contratcts, making the platform user friendly and smooth.
Poor internationalization and language support
Blockchains have no borders. Most exchanges focus only on one language or one country.Finatch international multi-lingual team has extensive working experience in North America, Europe, Asia and Africa and we are able to smoothly support the global market.
Lack of transparency
All trading activities should be decentralized and open to the general public to insure trust and transparency in trades. Centralized crypto exchanges lack this quality.Finatch runs on a Decentralized crypto platform where all trading activities are transparent.Finatch is a Crypto Decentralized crypto exchange that has the feel and look of Centralized Crypto exchange but with more convinience And extra Blockchain Security Layer. An Exchange where you own your private keys.
Why Finatch Stands Out?
Matching Engine
The matching engine is capable of sustaining 1,500,000 orders/second, making Finatch one of the fastest exchanges in the market today. I can assure that, on the exchange, that your orders will never be stuck due to the matching engine being
overwhelmed.
The Feature Rollout are as follows
Decentralized (on-chain) exchange
Spot trading
Margin trading
Futures
Anonymous instant exchange
About The Finatch Blockchain
Finatch Blockchain is a powerful unique blockchain built to solve the problems of long confirmation times and high transaction fees on smart contract Blockchains. We also solve the scalablity problem with block size, by increasing the block size limit to 1GB.
Finatch Blockchain can handle more than 100,000,000 tranactions per second, with as little to as low as $0.001 tranaction fee, making our blockchain the most convinent and reliable blockchain in exixtence. Our Blockchain runs on Scrypt PoW/PoS and Fault Tolorence Algorithms, making it one the most secure blockchains.You can deploy smart contracts, decentralized applications and create your own (FRC Tokens) on our blockchain.
Build Decentralized Applications
Combining a modified Bitcoin Core infrastructure with an intercompatible version of the Ethereum Virtual Machine (EVM), Finatch Blockchain merges the reliability of Bitcoin's unfailing blockchain with the endless possibilities provided by smart contracts.Designed with stability, modularity and interoperability in mind, Finatch Blockchain is the foremost toolkit for building trusted decentralized applications, suited for real-world, business oriented use cases. Its hybrid nature, in combination with a PoS/PoW consensus protocol, allows Finatch Blockchain applications to be compatible with major blockchain ecosystems, while providing native support for mobile devices and IoT appliances.
Deploy Decentralized Smart Contracts
Finatch makes it easier than ever for established sectors and legacy institutions to interface with blockchain technology. Create your own tokens, automate supply chain management and engage in self-executing agreements in a standardized environment, verified and tested for stability.
Smart Contract Life Cycle Management
Finatch, in cooperation with its academic partners, develops tools and methods to standardize the workflow for business smart contract development. This includes the formally verifiable translation of human-readable agreements to machine smart contracts, and the error-resilient specification of their elements, terms and conditions.
Setting Industry Standards
Cooperating with a series of partners and third parties, Finatch aims to establish a smart contract hub, offering secure and thoroughly tested contract templates, tailor fitted for a multitude of industries and use cases, such as supply chain management, telecommunications, IoT, social networking, Crypto exchanges and many more.
FIN COIN
FIN Coin is a decentralised Cryptocurrency based on Finatch. It is the local based Cryptocurrency of Finatch Blockchain. FIN Coins are cryptographic software tokens used to engage with distributed applications (DApps) and smart contracts on the Finatch Platform. FIN Coins will serve as the staking currency of the Finatch blockchain and fuel computational operations performed by the Finatch network.
The Finatch Coin Total Supply is capped at 952.5M, but a strict pre mine of 200M FIN will be mined during the genesis Block. FIN Coin will run on the Finatch Blockchain.
No ICO or Pre-ICO will take place. 50% of pre-mined coins will be distributed to the general Public Via Airdrop stages and Bounty Programs
Token Details
Total Pre-Mined Supply: 200,000,000
Block Target: 3-15 seconds
Stake Return: ~5 FIN Coin
Algorithm: Scrypt PoW/PoS and FT
Coin Distribution
25% Airdrop&Bounty Programs
25% Project Development
40% Founding Team
10% Angel Investors
About The Utilization of Tokens
It can be used for payment of fees on the platform, which are:
Exchange fees
Withdraw fees
Listing fees
Any other fee
Using FIN to pay fees have reasonable discount than using other cryptocurrency
RoadMap
2017/12/12 - Confirm start of Finatch Project
2017/05/06 - Initial draft of whitepaper completed,circulated to potential Angel Investors
2018/11/08 - Website Launch
2018/12/10 - Release whitepaper to the general public
2018/11/29 - Legal registrations complete
2018/12/10 - Announce Finatch Airdrop and Bounty plan
2018/12/11 - Airdrop Round 1 (Platforms will be announced)
2018/12/17 - Finatch Coin (FIN) windows wallet release
2018/12/20 - Finatch.com release v0.1 go live, active trading begins
2018/12/26 - Airdrop Round 2 (Platforms will be announced)
2018/12/25 - Finatch Exchange Android Mobile App release
2019/01/01 - Finatch Coin (FIN) web wallet release
2019 - Airdrop ends whenever Coin distribution finishes
Be a part of this incredible project. Download the whitepaper for the full scoop.
Till next time…
For more information, please visit:
Website: https://finatch.com/
Whitepaper: https://finatch.com/docs/Finatch%20Whitepaper.pdf
Twitter - https://twitter.com/FinatchInc
Telegram: https://t.me/finatch
Bitcointalk: https://bitcointalk.org/index.php?topic=5082870.0
Author: Cryptoholical
My Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=2487106
My Ethereum Address: 0xF3f7b9c45864006DBd1571De53d5847C0d11438c
Disclaimer: This article was published in terms of the bounty campaign. I am not a project team member or its representative but a supporter of this incredible project.