fynance is a digital brokerage company in the German insurance sector. Our
strategy is to buy insurance portfolios worth 142,000 ethers by the fourth quarter of
2018.
With 431 million contracts concluded, the German insurance industry is one of the
most profitable sectors in the country. This market, which is partly managed by
brokers, is currently preparing for a generation change.
The business is extremely lucrative. On average, a 20% commissions are paid to the
insurance brokers on every contribution made to the insurance company.
In May 2017, the fynance app was launched, which already generated 1500
customers by October of the same year.
The app offers customers the convenient management of their insurance contracts
via smartphone. Insurance policies can be directly viewed, damage reported via click
of a button, alternative offers can be obtained in the future on request. The app
becomes the point of sale.
The effort of employees in the back office is extremely low. An employee can edit
and manage 5000 customers. This low administrative burden results in a high profit
rate.
However, this sector is also subject to digital change, which promises even higher
profits for those who are able to adapt to the changes.
In October 2016, the five insurance companies Aegon, Allianz, Munich Re, Swiss Re
and Zurich established a joint initiative for Blockchain Technology, the B3i project
(Blockchain Insurance Industry Initiative). This project has been widely recognized
and has become a global initiative.
The future will in all likelihood be a settlement of the insurance business through the
Blockchain. Policies are stored as smart contracts on the Blockchain. This enables a
decentralized and forgery-proof procedure. Data and identities of insurance
customers can be fully automatically verified and kept up to date. The administrative
effort is minimized. Working with paper documents will only be an option in the
medium term.
fynance is one of the first brokerage firms to adapt to this change.
As part of the changeover, our app is linked to the Blockchain technology. The
employees in the backoffice to increased the number of managed customers per
backoffice employee to up to 7500 customers per employee. This means that we are
at the forefront of technological development.
fynance has a working business model that has already proven itself on the market
and is anchored in the real economy.
We share with the token holders 30% of our remuneration in ethers as part of a
bonus program. These allocations are made at least once a month. The amount of
the respective allocation is published on the
www.fynance.io website.
The maximum supply set by us is 192,050,000 million FYG tokens. Of these, a
maximum of 167 million FYG tokens are sold, 10% are distributed to the team and
5% to start-up investors of fynance Vermittlungs GmbH.
In the future, new insurance contracts will be tested by our algorithms for the
optimization potential of the contracts. We call this process stock refining. As a
result, we are using organic growth from follow-up transactions of 1% per month.
This effect results in an increase of around 50% after about 4 years.
Why buy the fynance token?
There are many exciting projects in the future in the field of Blockchain technology. fynance is one of the few companies that already have a live product. The proceeds are achieved in one of the most stable business areas. Monthly allocations of a bonus in the form of ether coins yield interest during the year. The fynance token is anchored in the real economy of the insurance industry and therefore has a solid economic base.
Live-Product App
Functionalities
In cooperation with experienced experts from the German insurance industry, we have developed the fynance app.
The fynance app is available for free to our customers on iOS and Android systems. The assignment of mandates is entirely paperless by digital signature. The dashboard gives the user an overview of all insurance contracts managed by the app. The insurance policies can be viewed immediately.
Whether it is a notification of damages or a contract changeover – every operation only needs moments.
With all automation, however, there is still a need for a human-to-human conversation. Our support team is directly reachable from the app without annoying search for a phone number.
The customer can request exactly specified offers via another navigation point. Alternatively, a needs analysis can be carried out. Insurance portfolios can be optimised and any gaps may be closed.
A termination alert notifies the customer at the end of a contract period. The unintentional expiry of an insurance contract is thus avoided.
The user can recommend the app via another button to friends and acquaintances. The word- of-mouth advertising is already integrated into the app.
Load the App:
App Store:
https://itunes.apple.com/de/app/fynance/id1207646591?l=de&ls=1&mt=8Google Play:
https://play.google.com/store/apps/details?id=com.kundenapp&hl=defynance Token Sale
The issuer carries out the token sale as set out in the white paper and token offer. The issuer sells a digital invoice unit to the participant. The participant does not receive any currency in the legal sense. The participant does not become a shareholder in the company. The token sale is aimed only at adult persons who have excellent knowledge of financial instruments and have done a variety of investments in various, even high-level and speculative financial instruments.
The issuer creates up to 167 million FYG tokens and offers these tokens in an exchange ratio of 1 ether to 1,000 FYG tokens for Exchange. The issuer only carries out the token sale and makes available the stocks purchased from the proceeds of the token sale in accordance with the contractual agreement between the issuer and the fynance brokerage GmbH in accordance with the terms of the White paper for support. Furthermore, the issuer creates FYG tokens in the amount of a maximum of 25,025,000 FYG tokens, which are distributed to 2/3 to fynance team and 1/3 to start-up investors of fynance brokerage GmbH.
Pre Sale
Before the token sale, we carry out an advanced pre-sale. Participants receive a bonus allotment of 280 FYG tokens per 1 ether for their trust advance.
Pre-Sale begins: 24. December 2017 - 14:00 Uhr (UTC+1)
Pre-Sale ends: 24. January 2018 - 14:00 Uhr (UTC+1)
Pre-Sale Supply: 2.000.000 FYG Token
Exchange Rate: 1 ETH = 1.280 FYG Token
Hard Cap: 1562,5 ETH
Public Token Sale
The amount of FYG tokens for the public exchange offer to natural persons is 67 million FYG tokens. Participants who did not receive an allotment in the pre-sale, we open 3 more limited bonus levels. These are limited in their quantity. If the respective limit is reached, the following level is activated. The token sale starts at
Public Sale Begins: 24. January 2018 - 14:00 Uhr (UTC+1)
Public Sale Ends: 30. June 2018 - 14:00 Uhr (UTC+1)
Bonus Level 1
Max Supply 5.000.000 FYG Token
Exchange Rate: 1 ETH = 1.180 FYG Token
Hard Cap: 4.237,28813 ETH
Bonus Level 2
Max Supply 10.000.000 FYG Token
Exchange Rate: 1 ETH = 1.100 FYG Token
Hard Cap: 9.090,90909 ETH
Bonus Level 3
Max Supply 20.000.000 FYG Token
Exchange Rate: 1 ETH = 1.050 FYG Token
Hard Cap: 19.047,61900 ETH
Level 4
Max Supply 30.000.000 FYG Token
Exchange Rate: 1 ETH = 1.000 FYG Token
Hard Cap: 30.000,00000 ETH
Institutional Offer
The exchange offer is aimed at legal entities, such as fund companies. In respect of equality with natural persons, the bonus corresponds to the pre-sale of 280 FYG tokens per 1 ETH.
Institutional Sale Begins: 24. December 2017 - 14:00 Uhr (UTC+1)
Institutional Sale Ends: 30. June 2018 - 14:00 Uhr (UTC+1)
Max Supply 100.000.000 FYG Token
Exchange Rate: 1 ETH = 1.280 FYG Token
Hard Cap: 78.125,00000 ETH
Minimum transaction value: 200 ETH
The creation of the FYG token takes place at the time of Ether-posting. Immediately thereafter, the transfer of the FYG token is done to the participant's wallet.
The token sale ends on reaching the max supply of 192,050,000 FYG tokens, but no later than June 30th, 2018.
White Paper:
http://www.fynance.io/fynance_Whitepaper_en.pdfToken Sale Offer:
http://www.fynance.io/fynance_Token_Offer_en.pdf
