I. The flagship investment product for 2019-2020: FOINS Investment Account – FIA
FIA is built completely based on latest blockchain technology, allowing it to handle all current and future applications for the next 4-5years. It enables blockchain-based smart contracts and applications to be implemented securely without external intervention. It has excellent proven auto-trading records to separate itself from its rivals. Many among our users-community have earned hundreds of thousands, if not millions of dollars since the introduction of FIA 6 months ago.
FOINS management is very pleased and satisfied with FIA’s performance and therefore has reached a new agreement with partners-FSPs to continue promoting FIA as the flagship financial product to spearhead the growth of FOINS Financial Blockchain Platform throughout 2019 and 2020 without any major changes. FIA, which was launched in between June and September 2018 across our user bases is widely considered as the most effective and reliable financial product that we have ever introduce thus far. It has been well received by everyone, including both current and potential new users based on its solid market performance. While we may introduce very small amendments, if and whenever necessary, it has been confirmed that NO big structure changes will be implemented to FIA in 2019 and 2020. So, rest assured that all active users can continue to build and expand their financial networks with complete confidence, without any worries.
II. FOIN Wallet: Before, During and After Migration
A. Between January and July 2019
The Wallet Migration Process will take 7 months to complete. Initial Migration Protocols will be rolled out in January 2019 where users/members will be required to provide adequate KYC Documents, such as passport and bank statements, to register their tokens as part of KYC Procedures. Users/members are advised to submit accurate information to avoid unnecessary delay in the initial token registration process. Members and Users who fully follow the steps and requirements are guaranteed for a 100% successful wallet migration. FOINS management will absorb all costs associated with the wallet migration process; there will be no obscure fees and hidden charges, such as Wallet Migration Fee, Administrative Fee, Processing Fee, Etc.
FOIN Wallet Migration is a very complicated task; it is not an equipment-moving project, moving from one location to another. It requires lots of Expertise, Resources and Collaborations. It involves lots of testing during pre-migration and post-migration process. In order to migrate 1 million wallets from an internal private blockchain ecosystem to external cryptocurrency exchanges in a secure and verifiable way, our team have designed a process in which the migration is divided into phases; each phase is divided into sub-phases and individual components. It will be carried out systematically from one phase to another according to precise migration schedules. The last phase will end in July 2019. By the 31st of July 2019, it is expected that over 1 million FOIN Wallet would have already been migrated to the open market, making it Biggest Blockchain Wallet migration in the history of the world
B. From 1st August onwards
On 1st August 2019, all members and users are free to transact, trade or sell their FOIN tokens freely in the external market. The prices of FOIN is projected to reach between USD1500 – USD2, 200 after FOIN Wallet Migration is completed in July 2019. Users are made aware that price fluctuations can sometimes be ‘Very Wild and Crazy’ for cryptocurrencies due to heavy trading volume. Many new adopters may not know how a Blockchain Wallet works, therefore, accidental sales could happen sometimes. For instance, 3 months ago, we came across a record of transaction showing that 3 units of FOIN were transacted at zero USD while other FOIN were being traded at around USD550 at the time. Over time, prices of FOIN will be similar to the prices of Bitcoin, Google or Facebook, as determined by the open market. The price of FOIN will eventually be determined by its users-community because they are the major holders in the open market. When it comes to open market FOIN trading, we recommend the same rule of thumb, which is, buy low and sell high on a consistent basis. Prices of FOIN are expected to reach between USD 2,700 to 3,000 by the end of 2019 and around USD 4,500 to 5,000 by December 2020.
III. The Future of FOIN
The Future of FOIN is the single most important agenda for FOINS Blockchain Platform in the next 10 years. The value of a currency or cryptocurrency depends on two major factors:
- Inflation – The unlimited productions; printing or mining of more and more without limitation.
- Users – As long as there are a good number of users and adopters, the currency or cryptocurrency will NEVER lose its value sharply. With healthy growth and development, it is most likely to appreciate gradually over time.
FOINS Financial Blockchain Platform will have 1 million users worldwide by mid-2019 when the wallet migration process is fully completed. It will reach 2 million users by the end of 2019 and 5 million users by the end of 2020; therefore, the price of FOIN can only go higher and higher as demand increases sharply every year while supply is fixed at 100 million tokens.