Finafex

Finafex

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Created using Figma

Last Update

Dec 26, 2018

Finafex is a state of the art crypto asset exchange custody and trade settlement platform that works as the crypto-arm of the Capital Investment Bank Ltd (CIBL) — An Investment Bank licensed under the purview of the Labuan Offshore Financial Services Authority (LOFSA). The Finafex crypto exchange will start its operation by allowing crypto trading in the 50 leading cryptocurrencies with the pairs such as Bitcoin, Ethereum, Ripple and other selected cryptos. In addition to crypto to crypto trading, Finafex will also allow selected fiat currencies such as USD, CHY, EUR, and JPY as a trading pair. Finafex 24-Months roadmap includes a vibrant ICO and Crypto Bond Notes launching platform, Global Remittance & Settlement using blockchain, and an innovation lab on blockchain use-cases and token ecosystems.
PRE-ICO
Jan 15, 2019
Feb 15, 2019
100% completed
Raised funds - no Data
Goal 24 000 000.00 USD
Cap 24 000 000.00 USD
past
  • 1 FNX
    =
    0.1 USD
Pre-ICO
Dec 1, 2018
Jan 14, 2019
100% completed
Raised funds - no Data
Goal 6 000 000.00 USD
Cap 6 000 000.00 USD
past
  • 1 FNX
    =
    0.1 USD
Token Details
Ticker
FNX
Token Distribution
ICO Sale - 40%
Private Round/Institutional Sale - 10%
Team and Management - 25%
Advisory Board - 5%
Bounty Campaign, Referrals - 7%
Bonus Allocation during the ICO Sale - 3%
Future Talent Acquisition - 5%
Reserve for future development - 5%
Accepted Currencies
ETH, BTC, EOS, LTC
Min Contribution
50
Company Details
Registered Company Name
Finafex
Registered Country
Malaysia
Company Founded
Sep 1, 2018
Bonus Structure
30% as additional allocation during pre-ico sale
Additional Details
Platform
Ethereum
KYC
Yes
Categories
Platform, Finance

About Finafex

Finafex is a state of the art crypto asset exchange and trading platform that works as the crypto-arm of the Capital Investment Bank Labuan Ltd. (CIBL) ­­— An Investment Bank licensed under the purview of the Labuan Offshore Financial Services Authority (LOFSA). It is a fully regulated crypto trading exchange, the first ever in Southeast Asia and the only one based out of Labuan, the Offshore Financial Hub of Malaysia.

Finafex aims to be the leading crypto asset platform enabling seamless and secure Custody & Trade Settlement of modern-age digital assets for South East Asia by virtue of location, accessibility, usability, its cutting-edge technology, innovative tools, and trading packages: delivering all in a regulated and legally sound environment. The Finafex crypto exchange will start its operation by allowing crypto trading in the 50 leading cryptocurrencies with the pairs such as Bitcoin, Ethereum, Ripple and other selected cryptos. In addition to crypto to crypto trading, Finafex will also allow selected fiat currencies such as USD, CHY, EUR, and JPY as a trading pair. Finafex 24-Months roadmap includes a vibrant ICO and Crypto Bond Notes launching platform, Global Remittance & Settlement using blockchain, and an innovation lab on blockchain use-cases and token ecosystems.

At Finafex, we aim to fully harness the power of cryptocurrency and tokenization offered by innovative blockchain technology and strive to serve as the replacement for the traditional non-transparent Crypto Asset Exchanges with vague business models, uncertain regulatory compliance that are lacking in safety and security of user crypto assets.

We recognize the revolutionary potential and the growing popularity of cryptocurrencies and also understands the issues faced by crypto users on the global scale. Therefore, the Finafex Exchange Platform will not only serve as a leading crypto asset trading platform but also drive the crypto adoption through transparent, audited business model and compliance to regulatory obligations. We also understand that regulatory compliance is a must for any exchange. 

The Finafex team consists of a highly experienced group of professionals from fintech industry including but not limited Blockchain Specialists, Venture Capital veterans, Bankers, Finance officers, Auditors, Research specialists, Programmers, Web Developers, and Marketing Specialists. We pride ourselves in a team who has hands-on experience in all facets of Financial Engineering and Deal Structuring. Our team includes early cryptocurrency adopters who have been studying the market and its development for years. We identified the shortcomings of the existing crypto infrastructure, which are coming in the way of wider crypto adoption, and we will ensure that that Finafex is not only profound in all aspects, but it also is designed to adapt to the everchanging crypto-market dynamics.

The Finafex Exchange Platform that is announced to be launched in July 2019 will ensure that two other major aspects of the exchange — UI and security — adhere to the highest standards of quality. We have different service models for the different target audiences based on their needs. For first time users, the model includes an interface which is simple and intuitive and enables them to conduct their initial low volume trades quickly and with ease. For advanced users trading high volumes, there will be several features to help them perform their trades with satisfaction and security. Concerning the overall security of the exchange, we have included bank-grade security and privacy features in the exchange to minimize the risk against attacks. In addition, the exchange will only be launched after it has been tested thoroughly for soundness of security.  Any security gaps found in the testing will be removed, and the exchange will undergo several rounds of tests before it is made available to the public for use.

The MVP or the Beta version of the exchange is expected to be announced during the third week of January 2019, while the first ready version of the Exchange is announced to be launched on July 1st, 2019.

Features

  • Crypto to Fiat to Crypto Trading Exchange 
  • Bank-backed 
  • Fully compliant to regulations
  • Hedging against Bond Notes, Securities, Futures 
  • Remittance Service and Trade Settlement as part of the 24 Months roadmap 
  • Secure 
  • Seamless 
  • Multi-Tier User Interface
  • High Throughput 

 

Finafex Roadmap

  • November 15, 2018

  • Core Team, Prototype ready
  • December 1, 2018

  • White Paper released, Finafex ICO launched.
  • January 15, 2019

  • MVP Released
  • January 15, 2018

  • ICO Launched.
  • Read More
  • February 1, 2019

  • Issuance of Finafex Tokens. Commence full development of Finafex.
  • February 15, 2019

  • Global Campaign starts.
  • March 15, 2019

  • Launch of Finafex web version & mobile apps.
  • July 1, 2019

  • Finafex expands with the Launch of FinafexFund.
  • July 15, 2019

  • Over 20 mainstream cryptocurrencies listed, daily exchange volume expected 3000+ BTC.
  • August 1, 2019

  • Finafex expands with the Launch of FinafexRemittance.
  • September 1, 2019

  • Cryptocurrency pair self-releasing feature available.
  • December 14, 2019

  • Expand service to Asset Management & Investment Banking.
  • December 31, 2019

  • Top 10 Crypto Exchange in the world.

Activity

Posts:
130
MEDIUM
Followers:
6 951
HIGH
Likes:
6 862
HIGH
Rating:
5
VERY HIGH
Followers:
7 521
HIGH
Tweets:
160
MEDIUM
30 Days Growth:
-441
Members:
18 436
VERY HIGH
30 Days Growth:
-273
Year commits:
1 214
Watchers:
0
Stars:
0
Forks:
0
Open issues:
0

Team

Verified 63%

Attention. There is a risk that unverified members are not actually members of the team

Norita Ja'afar
CEO
verified
Rashdan Ramlee
COO
verified
Faisal Shadli Arshad
CFO
verified
Michael Seow
SME, Banking & Regulatory
unverified
Nur Syukri Zakaria
SME, Technology
verified
Djuan Onn
CMO
verified
Faizal Yusuf
SME, Blockchain
unverified
Fadli Saad
SME, Security
unverified

Advisors

Verified 0%

Attention. There is a risk that unverified members are not actually members of the team

Dato' Nik Mohd Amin
Advisor
unverified
Dr. Awang Adek bin H...
Advisor
unverified
Tony Horrell
Advisor
unverified
Carlo Las Marias
Advisor
unverified

Finafex Interviews

Norita Ja'afar
As a team member, сan you tell us about your role in the ICO project?
My role is to ensure that the company carry upmost transparency, accountability and governance in conducting this ICO. Also ensuring that the business plan laid out are well strategised with clear developmental roadmap, deliverables, security and sustainable. All these will be supported organisationally by well qualified and experienced team leaders.
What do you think about idea?
The idea of bank-backed crypto asset exchange is much needed by crypto investors due to its business nature that is regulatory, structured and highest standards of compliance. This also allows seamless and secure trading facilities by allowing easy trading from crypto to crypto & crypto to fiat, transaction and remittance.
Rashdan Ramlee
As a team member, сan you tell us about your role in the ICO project?
My role in this project is to develop the architecture of the exchange that will support the objectives that the team has set out to achieve.
What do you think about idea?
Finafex's focus on tokenizing securitized assets and enabling various crypto assets to be used for trade settlement is an idea that will spur widespread use of blockchain and crypto in international trade and revolutionize crypto asset ownership for portfolio diversification.
Faisal Shadli Arshad
As a team member, сan you tell us about your role in the ICO project?
My role for Finafex Exchange is to manage the financial actions and planning for the project. I also support the CEO on strategic planning and expansion to untapped markets in order to fulfill the long term goals of the company
What do you think about idea?
Smart contracts to facilitate trade finance and funding is the gist of todays business. An inter-operable platform that provides multitude of usage and utility will prove to be the game changer in terms of disruption. I am a true believer of technology development that can provide a speedier, cost efficient and less riskier to business owners, investors and traders. A project that will be a success story at this current era.
Nur Syukri Zakaria
As a team member, сan you tell us about your role in the ICO project?
I coordinate the tech team of numerous disciplines and specializations towards achieving the immediate and long term organizational objectives.
What do you think about idea?
We will be at the forefront when crypto goes mainstream. We are constantly pushing boundaries both business and technology in this exciting new industry.
Djuan Onn
As a team member, сan you tell us about your role in the ICO project?
My roles and responsibility as Chief Marketing Officer to execute marketing plans and private placements
What do you think about idea?
Great potential in Asia moving forward as this is first Asean regulated midshore bank-backed crypto exchange

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