In this What the FNDZ, we’ll take a closer look at the FNDZ launch phases. FNDZ launch schedule at a glance
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
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.
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.
FNDZ will release the full platform with all extended features.
Why: In the hard launch phase, all updates and improvements will be fully implemented.
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.
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 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.
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!