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Get ready for the FNDZ soft launch!

In this What the FNDZ, we’ll take a closer look at the FNDZ launch phases. FNDZ launch schedule at a glance

  • Phase 1 - Soft Launch
  • Phase 2 - Growth Phase
  • Phase 3 - Hard Launch
  • Phase 1: Platform soft launch
  • Phase 2: Growth Phase
  • Phase 3: Hard launch
Phase 1 - Soft Launch

The FNDZ platform will launch on Friday 1 April. Trading will run on Binance Smart Chain (BSC Mainnet), and users will be able to create their own vaults and deposit stablecoins (BUSD, DAI, USDT) into digital asset vaults or FNDZ index vaults. The majority of features will be available from the start; deposits will be limited to $10 per vault per day.

When: 1st April

To: May

Why: FNDZ will launch a mainnet trial to get feedback from users. In phase one, the majority of features will be available, with the exception of some advanced trading features. Feedback will be collected until April 30 and then implemented in phase two.

What will you be able to do?
  1. Connect your Web3 wallet and trade assets on BSC Mainnet
  2. Browse and deposit stablecoins (BUSD, DAI, USDT) into vaults ($10 daily limit per vault)
  3. Create vaults with custom parameters
  4. View vault performance and the FNDZ Leaderboard
Phase 2 - Growth Phase

In phase two, FNDZ staking will be activated and user feedback will be taken into account to improve usability. An extensive marketing campaign will be launched to attract and reward users.

When: May and June 2022

Why: FNDZ will monitor the platform and make any necessary updates. This will require a maintenance period, during which all user vaults will be disabled. Several reminders will be sent to the community prior to any scheduled downtime. Once complete, FNDZ will focus on scaling the user base and, in turn, staking rewards.

What will you be able to do?
  1. Deposit into additional index vaults (deposit limits will be removed)
  2. User vaults will be disabled due to maintenance
  3. Stake $FNDZ on the FNDZ Platform
  4. Refer a friend and get rewarded.
Phase 3 - Hard Launch

FNDZ will release the full platform with all extended features.

When: June

Why: In the hard launch phase, all updates and improvements will be fully implemented.

How to participate in the soft launch
  1. Download and install a BSC web3 compatible wallet, such as MetaMask. Because Metamask is the most widely adopted wallet, we’ll use it for this tutorial.
  2. Add Binance Smart Chain to your MetaMask.
  3. Deposit Stablecoins into your MetaMask (BUSD/DAI/USDT). If you need help with getting stablecoins, visit this ‘How to buy’ guide.
  4. Next, go to the FNDZ website and launch the FNDZ app.
  5. Select the vault you would like to contribute to and press “Deposit”.
  6. A window will open where you can specify the amount you want to deposit. When you are done, click "Deposit" again and confirm the transaction in your MetaMask pop-up notification.
  7. Allow MetaMask to spend your stablecoins (i.e. send your BUSD to the smart contract vault) and press “confirm”.

IMPORTANT NOTE ON TRANSACTION FEES: You can edit the BSC Network gas fee in MetaMask by pressing “edit” and choosing a custom gas fee. Note that lower fees have slower transaction times.

If you want to get an in-depth look at each phase, read on.

Phase 1: Platform soft launch

The soft launch of FNDZ will begin on Friday, 1 April 2022. As mentioned earlier, the majority of trading features will be available, with the exception of some advanced trading features. Right from the start, users will be able to set up their own vaults and make deposits into digital asset vaults or FNDZ index vaults.

The soft launch will run in 3 phases:

Phase 1 will run on the Binance Smart Chain or BSC Mainnet. Initially, users will be able to deposit a maximum of $10 per vault per day, which will be locked for 7 days. To ensure the user experience is as smooth as possible, users will only be able to deposit stablecoins into the asset vaults. The FNDZ staking contract will not be active until Phase 2.

We want to give users access to our platform so that they can get used to it, find their way around, and give feedback to the team, allowing us to further improve the user experience.

In Phase 1, weekly performance crystallization will take place and management fees will be charged over the 30-day period.

We will also be running various contests during this phase, so keep an eye out for the relevant announcements. Towards the end of Phase 1, we will take feedback from the community and process it internally so that we can create a timeline for improving the overall user experience.

Phase 2: Growth Phase

Phase 2 will begin in May 2022. In this phase, the team will take feedback from the community and platform users and then start working on all the necessary fixes and additions to the platform. We will also update the code once we receive it back from the auditors. This means that the smart contracts and the platform will be updated regularly, which will cause some downtime. Users will be asked to remove their funds while we update the platform.

Phase 2 will also see the introduction of the FNDZ Staking contract. Users will be able to deposit FNDZ into the contract and start earning their share of the platform rewards. We will also add new index vaults with various asset compositions. These vaults will not contain deposit limits.

Once the code has been updated and the feedback implemented, we will be building up users for the hard launch. This will involve extensive marketing, such as referral contests, raffles, NFT giveaways, guerilla campaigns and PR announcements.

Phase 3: Hard launch

In June, we will launch the platform with all the upgrades and improvements implemented. This is where things will really take off. Then people will be able to fully use the platform and all its innovative features like conditional order types, limit and stop loss, take profit and more.

We look forward to seeing the FNDZ community using our platform and sharing your valuable feedback! As always, thank you all for your support, and get ready for trading!

Soft launch
now live!