Here's a brand new update, and what a crazy week it’s been for everyone.
Of course, you've all seen the news around UST and LUNA, both stuck in a death spiral. Which just goes to show that no matter how much hype a project and its crypto promises, you can go from hero to zero in a matter of hours.
We've heard and read the many stories of people who lost money on both projects, and it only drives us to deliver on what FNDZ stands for: crypto trading made easy. Instead of chasing dragons, users can deposit their funds into professionally managed vaults, thereby reducing the risk of overtrading.
We want to make the crypto world a better place by building a transparent and easy-to-use copy trading platform. But with transparency comes great responsibility, and we are committed to meet global regulatory standards. For this reason, we have decided to implement a KYC procedure for the FNDZ copy trading platform.
Next week, we will publish an article containing all relevant information for platform users about the new KYC procedure. Phase two of our implementation plan will see the introduction of the new KYC procedure.
As for our launch timetable, our auditors have indicated that they will begin reviewing the staking contract shortly. We will keep you updated as soon as we have an approximate timeframe. We expect some back and forth based on the results, but it seems like we'll be ready to start phase two shortly thereafter!
Even though the markets have tanked, we will not allow this to further delay our launch schedule. First, we will launch low risk index vaults, followed by high risk indices.
On the development side, we are finalizing the KYC integration and are currently working on conditional order types which we will introduce once the platform is fully launched!
There are exciting times ahead as more and more crypto enthusiasts become aware of our work and copy trading is on everyone's lips!
We will of course keep you updated, but until then, have a great Sunday!