Finblox is a saving-focused crypto ecosystem allowing its users to buy and earn daily rewards with no minimums, no lock-ins, no withdrawal restrictions, and a very user-friendly Android and Apple app. In March 2022 the project raised $3.9 million in seed funding from prominent investors including Sequoia, Three Arrows Capital, Dragonfly Capital and more. The community has more than 15,000 active members, serves in more than 100 countries and it supports more than 25 cryptocurrencies (the list is provided in Figure 1). Finblox currently supports only a small number of cryptocurrencies as they focus on ensuring the safety and transparency of their services, choosing quality over quantity - in line with their vision:
“To create a digital asset ecosystem where millions of users from around the globe enjoy the upside of crypto wealth building with higher security and lower complexity.”
Figure 1. Finblox available assets
How is Finblox democratizing wealth building?
The target audience for Finblox are everyday users looking for a simple method to generate predictable returns on their digital assets. Their focus is not only on higher financial inclusion but also on improving the huge disparity in financial education predominantly present in emerging markets all around the world. Finblox University was designed to educate users on how to safely invest in crypto. As they strive for higher democratization, their features provide flexibility and accessibility for low-income users: no deposit limit, no platform fees, withdrawal anytime, industry-leading rates, interest paid daily, highly-secured custodian and insurance on eligible assets. The funds up to $45 million are also secured and insured by Fireblocks and Coincover.
The investment opportunities being offered are professionally sourced and analyzed by the Finblox team. Any offered investment goes through a 3-step process:
Research - the team thoroughly researches underlying platform strategies and manages counterparty risks,
Operational due diligence - the team completes an in-depth initial review and evaluation of infrastructures, fund structures, and service providers, with regular reviews and communication afterwards,
Portfolio construction - investments are made after the team determines they align with the overall values and objectives of Finblox.
What products does Finblox offer?
Current products offered by Finblox include:
Finblox mobile app - available on the IOS and Google Play app store. It allows users to easily buy and earn rewards on their crypto assets
Finblox Web app - designed for professional traders and corporate clients with a more advanced user interface and detailed information.
FinEarn - the core service on the Finblox platform that helps users to generate outstanding yet predictable yields on their crypto investments.
FinSwap - a swapping feature allowing users to exchange their crypto for another desired crypto with low slippage and fees. In later stages, the Finblox Loyalty program would allow users to enjoy cashback every time a swap transaction is initiated.
Finblox Pool Party - by depositing the minimum required amount into the Finblox prize savings pool, users would be eligible to win weekly prizes.
Finblox NFT marketplace - enable users to collect, trade and create their own NFTs. Additional exclusive features will be available to Finblox members (more details are available here).
Upcoming products scheduled to launch in 2022:
FinLaunch - a launchpad for new projects.
FinP2P - allows users to buy or sell crypto directly to other users.
FinCard - spend your crypto at POS systems
FinChain - a Layer-1 protocol enabling the creation of smart contracts for tokens on the Finblox-branded blockchain.
FinWallet - a wallet that keeps track of all tokens spread across multiple networks in one app.
FBS (Finblox Stars) - earned by completing missions.
FBZ (Finblox Citizen) - VIP tokens for members only.
20+ Supported Assets, Web Application
Token Utility and Tokenomics
The Finblox Ecosystem uses the native Finblox (FBX) governance and utility token with a hard cap of 10 billion. The FBX token is planned to be listed on cryptocurrency exchange to enhance accessibility. The FBX token incentivizes users to hold and participate in loyalty and reward programs. Some of the benefits of these programs include:
earning better rewards on their assets
subsidized fees on transactions such as those cryptocurrency exchange , payments, and transfers.
special access to the projects launched within the Finblox launchpad
increased odds within the Pool Party feature
crypto credit card memberships for the FinCard program
tiered Loyalty Rewards
unlock Secret Rewards (SecretBox)
Ability to vote on issues that govern the development of Finblox and its ecosystem (scheduled for 2024).
FBX Token Allocation
FBX Token Release Schedule
Core Team Members
Peter Hoang, Founder & Chief Executive Officer
Peter is a fintech veteran with 11+ years of experience. He started off his career as a founder of Space Jump Studios, where he built and released several mobile games. The most remarkable was Kulka: Space Ball, an IOS/Android game achieving top ranking on the Apple App Store for 2 weeks. Afterwards, Peter co-founded Gotrade, a zero-commission stock trading app backed by Y Combinator and offering retail investors access to the US stock market with cost of entry as low as $1. He is also an Investor himself and a member of XA Network, a leading tech executives' investment network in Southeast Asia.
Dmitriy Paunin, Founder & CTO (https://www.linkedin.com/in/peterhoangski/)
Dmitriy is also a fintech veteran with 12+ years of experience. His career started as a Senior Software Developer at New Communication Systems. Afterwards he worked for Inform-Mobil (IMMO) - a leading mobile content and services provider in the CIS market - as Head of Development, Architect and Team leader. He was also Vice President of Technology and Technical Group Manager for Lazada. Dmitriy entered the crypto space in August 2018 as the CTO at Coins.ph - Southeast Asia's largest cryptocurrency exchange based in the Philippines that amassed over 16 million users.
Finblox is one of the best places to invest and build wealth in crypto for both beginners and veterans alike. It offers a very user-friendly experience and high-quality products. The goal is to eventually become an exchange by focusing mostly on emerging markets and higher financial inclusion. It is backed by prominent investors and was created by two fintech veterans with their team spread across Vietnam, Singapore, Hong Kong, US, Europe, Indonesia, and Rusia. Most of the team members gained their experience working for some of the top tech companies in Southeast Asia including Gojek, Grab and Lazada. The team’s experience with Southeast Asia markets gives Finblox the competitive advantage required to penetrate emerging market economies.
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