Recapitulation of FINTOKCOIN PROJECT AMA event held at AMA LOVERS CLUB.
Date: Saturday, 11th May, 2021
Time: 14:00 UTC
The FINTOKCOIN PROJECT team was represented by @BryanParish who judiciously shared with us detailed knowledge and information about FINTOKCOIN PROJECT.
1st Segment: INTRODUCTION
Q1: Can you please introduce yourself and your background, also introduce the team working on FINTOK ?
ANS: Yes hello my name is Bryan Parish I am currently 25 years old. For the last ten years I have been in online marketing starting out when I was 15 running a clothing business on Instagram called nohl33. The next couple years past that I would start making Twitter accounts and Instagram account that were theme pages that would gain millions of followers. I used these pages to bring light to other companies and run some of my own companies selling different e-commerce products. This was a great learning lesson on online marketing and the power it has! After doing that for many years I had branch out to online paid marketing through Facebook and other online social media platforms. I used these skills to help local businesses get the leads and traffic to there business in my local area. After doing that for a while I started working for a company that is one of the top Medicare leads company in the world helping them to advertise on Facebook. These steps thought me about how powerful online marketing was and how useful it is. It is the future.
I have been in crypto since the begging honestly no truest understanding it at first when I was so young. I asked my dad to help me buy my first Bitcoin but he said it was a scam lol. Later to see that it was the worst decision he could have made. Later on around 2016 I got back into crypto buying my first couple of Bitcoin my self. Ever since then I have known it was the future and have been hooked just like all of us!
Now because of my background and my love for crypto that is why I started FinTok
Currently at FinTok we have 4 team members. We have my self CEO we have Steven who is our head crypto developer. We have Dhruv which is our head web and front end developer and our newest member Beneil who is our first pro athlete fighting in the ufc.
Q2: Can you introduce FINTOK, what critical problems does it solve that existing solutions are not solving and what's the competitive advantage?
ANS: I love this question
There is one problem that is wrong with crypto and that is mass adoption. Very few people are into crypto even though it seems to be a lot in our world it just isn’t. This is why we made FinTok to bridge that gap. Most investors are afraid of crypto because they don’t understand it and just see all the news headlines but as we all know once you get into crypto you are hooked. It is the future and will be the future there is no two ways around it. Here at FinTok we plan to bring in these people by creating an educational platform that will teach new investors every aspect of crypto and will help to level them up. We plan on partnering with the best crypto educational people out there to bring the best courses, guides, mentorships, and more. We will be bringing mass awareness to this by partnering with the top influencers around the world. This is our advantage! We are addressing the masses which have been left behind. We are also going to build very user friendly websites and technologies that make the everyday investor feel more confident with there new education. These websites and technologies will also be available for experienced traders and investors as well. We want to make crypto look as good as possible and easy to use just how Robinhood made there platform so easy to use and understand compared to all the other ones out there that just confused people. This is our advantage!
Q3: Can you briefly describe the top milestones you have achieved and your target milestones with timelines, also share your roadmap?
ANS: Yes I would love to
Kindly proceed then 😊
We are a new company and our first huge milestone was partnering with Beneil one of the top UFC fighters in the world! After talking with us and seeing our vision he wanted to be apart of what we are doing and we were honored to partner with him. To have his support meant a lot and was a huge deal for us and crypto in general. Secondly our next huge milestone will be tomorrow when we ICO. It has taken a lot for us to get here and we are proud of what we have done so far and are looking forward to tomorrow’s huge milestone!
Q4: Can you briefly describe your PARTNERSHIPS so far?
ANS: Currently we only have one public partnership with Beneil so let me talk about that. He is a first of all a good person and that’s who we want to be partnered with. People with integrity and a vision of the future. This partnership is huge because he has a lot of people that know him and follow him that our outside of crypto. With this partnership we are bridging that gap which is the goal of our company. He can provide us a lot of exposure to the non crypto world helping us bring them in to the crypto world haha.
Secondly for us and Beneil charity is a huge priory to us. That is why we will be partnering with charity because it is our responsibility and moral duty to give back.
Thirdly we are in talks with huge influencers that will be announced sometime after our ICO we just can’t disclose everything just yet!
Q5: Can you give an overview of your Tokenomics, and the UTILITY of the $FINTOK?
ANS: Yes FinTok has a 10% fee structure.
4% to automatic liquidity
3% burn rate
2% dev wallet
We know and believe that liquidity is one of the most important parts coins success it’s allows people to trade. That’s why we have a high liquidity amount.
Having a burn amount is also huge we wanted to have a high burn amount to encourage people to hold while also making our currency deflationary. This is huge as we have seen from this years pandemic and the way governments just print money. We want our holders to be rewarded with the currency increasing rather than getting punished for holding it like the United States dollar and other world currencies
Secondly we have our dev wallet which will be used to build our business to the moon! We will be using this to help develop our websites and technologies that will be capital intensive but lead to massive reward and growth of our project. We will also be using some of these funds to partner with big influencers to promote our project which will rapidly help the company grow.
Lastly our charity wallet which will be used to help only the most legit charities. We will be using this to help people that haven’t had the same opportunities that all of us have had. It’s a huge part of our company values and morals. We are so blessed to be in crypto that it’s important to remember that there as some people that aren’t and it’s our duty to help them!!
2nd Segment: LIVE Questions
Q1: Fintok's vision is to put cryptocurrency in every portfolio. In what ways do you think it is possible to achieve this vision?
What does Fintok aim to do differently in the DeFi space to make it more profitable for users?
ANS: We would love to help crypto be apart of everyone’s portfolio. This will have to be a long term process that we want to achieve. The thing that slows down most people from decision making in general is not having enough information.
This is what we plan to solve by making our online educational platform. We will be teaching everything about crypto starting out with low level concepts and ideas and gradually bring people to top level ideas this process will make it so they don’t get over whelmed.
Once people are armed with the right knowledge they will be able to enter the crypto space.
After that we want to provide them with the best looking easy to use tools so that once they have the education they can now use it with our technology ecosystem to help them make the best decisions.
Q2: Most of investors just focus on the price of token in short term instead of real value of project. Can you tell us the motivation and benefits for investors to the Fintok token $TOK long term?
ANS: Yes that is true and we realize that. We will be doing as much as we can to help the price by promoting our project with big influencers. However that can only go so far which is why we are building an education platform to teach people and arming them with the right technologies to help them.
This brings upside with investors because people will be using our ecosystem which will generate revenue for the business and help it grow. When the business grows so does the value of the currency which helps every investor! It’s our duty to make sure our investors get a great upside. We also plan to be here for a long time we are not a short bull run project we plan to be here for as long as crypto is still a thing!
Q3: what are your measures to decrease volatility in crypto market and to increase positive price pressure
ANS: Well volatility is a naturally accruing thing in crypto but we are going to face that with strong promotion and building actual products that work with a real business model that function and makes money.
Q4: Many blockchain projects are actually deceptive because their solutions are fake and their main goal is to sell tokens. Will a problem in our life or in crypto really be solved or will it be a convenience thanks to the technological solutions of your project
ANS: We are solving the hardest problem which is mass adoption. This can only positively impact our coin by bring in more people over all into crypto! Like I said earlier only a small amount of people are actually in crypto which is the main problem and the one we are going to solve.
Q5: You stated This ico is set up to allow investors to get in before we start building out our full websites and major influencer partnership with crypto financial education platform we Will be building.
My question why does investors like us need to get it before you start? details
ANS: Early stage investors see the greatest upside on there investment.
Q6: Diversification into real life use cases is planed on Augest...can you give us an idea about that?
ANS: Yes we plan to be able to deploy our education system by then along with a utility website that we will be announcing in the near future.
Q7: When i was researching about FinTok project i wasn't able to open the whitepaper for get more information about this project.
Is there any bug or glitch that the team didn't fixed yet? Where i will get all information about FinTok project?
ANS: I am sorry that happened to you as of right now there are no glitches that I am aware of but I will look into it. You can find out more about us on our telegram and social media’s as well as our website!
Q8: I have observed that Without proper marketing and capital infusion, project dies, how do #FinTokCoin convince us. Do TOK have adequate marketing power and capital to push this project to the top project?https://twitter.com/NovaQasa/status/1397810076023463938?s=19
ANS: Yes we do we are doing a big marketing campaign currently for our ico. After our ico we are going to launch our next marketing campaign as well. Marketing is a huge priority to our project that is how users will find us!
Q9: What can i do with FinTok? FinTok is similar with TikTok, what is the difference between FinTok and TikTok? Which features of FinTok are most attractive?
ANS: Fintok will be a token required in our financial ecosystem to use our products and education system.
Q10: Your roadmap indicates that there will be a Launch Working Product based on use case in August 2020 but after then, nothing else. Does thus mean that the development of the project will stop in August? Or are there plans to release an updated roadmap in the future?
ANS: No this is our limited road map for our ico. After our ico we will be updating the roadmap and will be creating a much longer comprehensive one. We plan to be here as long as crypto is here!
Q11: I have observed that Some projects cannot handle the stress of Bear market and the recession. Covid virus is not helping as well. How will #Fintok prevent this bad situations that the crypto markets have?,,,,,,,https://twitter.com/Mughal78068060/status/1397958002347552777?s=19
ANS; In a bull or bear market there are still people that will be searching for crypto education sometimes the best time to get into crypto is durning a bear market. We plan to help users understand how to be apart of crypto in both markets and how to do so profitably.
Q12: Security is always most important for a users. Can you tell us about your platform security? Have you done any audit via any audit platform?
ANS: We have done an internal audit but we will be doing a 3rd party audit after our ico.
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