We are actively preparing for listing on exchanges, we have made technical and legal audit and were favorably evaluated.
But at the same time, once again assessing the possibilities of the current smart contract, we came to the conclusion that FinTab needs a redeploy smart contract:
— we are planning to implement the Bancor Protocol;
— it is necessary to take into account the new capabilities of the system;
— it is essential to improve the logic of the token.
Read ahead for more detailed information why we decided to do this, what are the consequences and how we will perform it.
Background
The current smart contract https://etherscan.io/token/0x9D613a7A10CD550C7a0826c6deEcFF6f1B3e9879
was deployed in October before pre-ICO started. Since then, we have significantly expanded the potential capabilities of the system and want to take them into account in a smart contract.
Moreover, we are planning to implement the Bancor Protocol and make a "smart token" to increase the liquidity of our token.
Bancor Protocol is a promising technology that turns any token into a smart-token that will automatically trade or exchange for any other smart token without any further action from the author. This technology significantly increases the liquidity of the token and expands its capabilities. In the near future, we will prepare a detailed announcement.
Name of new token: FNTB
Automatic accrual of tokens
Current and future token holders should not worry about the issue of accruing the new tokens. This will happen automatically: each FNT token owner will automatically receive the corresponding FNTB amount for the corresponding wallet. At the time of calculating the tokens, the rate will be 1: 1, that is, 1 FNT = 1 FNTB.
The role of FNT and FNTB tokens
Role of FNT token:
Participation in FinTab crowdsale.
The garant to receive the FNTB token.
Access to the notification system in the service https://beta.fintab.io
Role of the FNTB token:
Access to the notification system in the service https://beta.fintab.io (before the “Pro” account release).
Payment for “Pro” account in FinTab system.
Payment for “Manage” account in FinTab system.
Other services and features listed in the WhitePaper and implemented depending on the collected funds on ICO FinTab.
After accruing FNTB tokens, FNT tokens will not be supported and used in FinTab system.
Thus, we will make our token even more technological, functional and liquid.
