[ANN]🔥FNT - Connecting People with Fintech and Blockchain🔥

[Chrlie95]

Can you provide information on the planned audits of the FNT treasury fund management and allocation, as well as the purpose and future use of the 5% treasury allocation and how it will be effectively managed and regulated for the growth and development of the token ecosystem?

[1713959358]

1713959358

[1713959358]

1713959358

[1713959358]

1713959358

[FNT_World]

Can you provide information on the planned audits of the FNT treasury fund management and allocation, as well as the purpose and future use of the 5% treasury allocation and how it will be effectively managed and regulated for the growth and development of the token ecosystem?

First of all sorry for the late reply our team was preparing for the Barcelona European Blockchain Summit.

Since the downfall of many CeFi (FTX for example), we believe it is needed to show the highest way of transparency. The treasury will be used for collateral, liquidity, and loan demands only. Every movement on the treasury will be traceable and we will provide frequent reports & audited reports on the activity. We take this topic very seriously and we will provide more details still in Q1/23.

Regarding the development of our ecosystem: We are currently working on the Alpha of the LTV system which will soon go live and can be used with our banking cards

[nikokovacic90]

I was about to sign up for FNT whitelisting. I read that you went for halving of your tokenomics. Does this change something on the price? Or how do you anticipate this change will impact the overall balance of your tokenomics?

[FNT_World]

I was about to sign up for FNT whitelisting. I read that you went for halving of your tokenomics. Does this change something on the price? Or how do you anticipate this change will impact the overall balance of your tokenomics?

No, it doesn’t change something about the price itself. We will reveal all stages of pricing at the beginning of March.

Balance doesn’t shift at all, we have a running business behind the company and felt we should cut down the rounds a bit. We committed already to burn unsold tokens, the problem with that would have been the balance.

In our case, we decided to keep the % and just half all the pieces instead of burning just unsold tokens with keeping the team balance or treasury/reserve at the same amount.

[FNT_World]

FNT attended the European Blockchain Convention in Barcelona


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