Finsec
The Financial Security Token
- Version: 1.0
- Update: 8 July, 2021
If you have any questions that are beyond the scope of this document, Please feel free to email us at [email protected]
What is $FINSEC?
- Financial Security Token, $FINSEC is an initiative from CoinsOnline to strive for a cyber enabled society.
- CoinsOnline is a decentralized network of volunteers working to make the world better. We are running operations in tie-up with multiple organisations, institutions & university research groups around the world. We have people from Norway, Singapore, France, Spain, Germany, Sweden, U.S.A., India and Iran. Join Us in our AMAs to get to know us.
- After months of discussions with different organisations and people from all around we bring to you a token with passive earnings.
- The novel concept of $FINSEC is a financial institution with returns as BNBs and it's bulletproof money-back guarantee with a hardcoded 10x launch from presale with penalties for those who dump.
- 100% of penalities goes to the verified wallets.
What is new in Finsec
The project implements and improves earlier projects in the BSC ecosystem
by having a verification system with a dashboard for transparency.
All benefits will be obtained by verified members only
making it impossible for malicious users to manipulate the price.
Verification Wallet
A verification system is placed for every level of an investor. The dashboard will have forecasts for everyone to get informed about their returns as a verified wallet. 70% of the amount from the verification wallet gets transfered to Fund Wallets to be operated by members voted by the community before launch.
Remaining will be used for liquidity LP, donation to partners, audit and exchange listings and to provide money back guarantee to users.
Verification Wallet Address
0x3e40A3aF001254E805a3a065Ee5F03636CBefd56
Marketing Plan
We have planned out a 3 month long marketing strategy before and after the official launch.
- The primary focus is to get listed on multiple exchanges and start the Bank+ Program providing users with an investment option better than the usual ones.
- Additionally, digital marketing will start before the launch to showcase a brand of trust and dedication.
- Public Burn ceremonies: Everytime we get listed, we organise a burn ceremony to increases the price and reduces the available supply.
- The rates to get oneself verified is set algorithmically to be higher as more adopters join in.
- Donation drives to different organisations such as the funding of GoingFarSouth Project for climate change.
- Diligent social media handling through Twitter, Instagram etc..
- Targetted SMS marketing and news media publishing.
Auto Liquidity
The contract provides additional liquidity periodically. Initial Liquidity will be locked for 10 years
Wallet-importance
This is algorithmically calculated based on the activity of the wallet. Amount of Buys, No of transactions (BUY/SELL) and the time of purchases are used to calculate the same. We hate bots as much as you do, we have some surprises for them.
Rewards
The contract automatically sends out BNB to all users that own $FINSEC. The amount received depends solely on the importance of the wallet.
Tokenomics
After launch, the LP tokens will be locked for 10 years and ownership of the contract will be renounced.
Percentage | Fund Allocation |
---|---|
7% |
To be reserved for BNB buyback for all verified wallets |
5% |
To be reserved for fund wallets of the project, BNB handover to fund wallets to be done before launch |
3% |
To be reserved for liquidity. |
2% |
To be reserved for the verification guarantee |
Community Project
The contract will be audited and ownership of the contract will be renounced at launch.
Fund Wallets will be operated by able members voted by community and will be prefilled from the Verification wallet before launch
The 10 Fund Wallets are categorised as:
Exchange
Wallet 1Exchange
Wallet 2Audit
Wallet 1Audit
Wallet 2Marketing
Wallet 1Marketing
Wallet 2Media
Wallet 1Media
Wallet 2Partners
Wallet 1Partners
Wallet 2
Fund manager verification with video is mandatory.
Super Programs
Super Programs are races to be among the top wallets sorted by importance on the dashboard. As the number of super wallets increase, all previous wallets get additional benefits.
Super5000 | Ongoing |
---|---|
Super10000 | Yet to Happen |
Super5000
List of wallets from where 5000 BNB were collected in the verification wallet.
- Money Back Guarantee.
- Guaranteed 10x upon launch.
- 30% verification tax.
- Allowed selling upon launch.
Super10000
List of wallets from where 10,000 BNB were collected in the verification wallet.
- Money Back Guarantee.
- Guaranteed 5x upon launch.
- 50% verification tax.
- Allowed selling upon launch.
If 5000BNBs were gathered before launch, we'll start with the Super10000, however if 10K was not reached, we'll have the launch time as the end of the program.
We'll have other Super programs after the launch and will have airdrops of BNBs for the Super Wallets.
Penalties
These 5 penalties are in place to protect the coin from dumping after launch.
- A presaler is allowed to do a maximum of 30% of the portfolio sell after launch for a month.
- If one sells more than 30% in 1 month - 80% tax is implied on the additional part and 100% of the penalty goes to the verified members.
- No of sells/transfers affects the score.
- Transfer to verification wallet free, to others 5% verification tax is applied.
- A total of more than 50% sale cancels the benefits.