Finschia (FNSA), formerly known as LINK (LN), represents the innovative blockchain venture by LINE Corp, the global messenger app giant. Emerging as a central currency within the LINE Blockchain, Finschia aims to democratize blockchain technology and establish an accessible token economy for everyday consumers. According to their official whitepaper, Finschia's integration spans across LINE and other diverse fields, promoting a seamlessly interconnected ecosystem. Positioned at the crossroads of everyday usability and advanced blockchain technology, Finschia endeavors to bring the transformative potential of Web3 to users worldwide, facilitating easier integration into the digital economy.
Who Are the Founders of FINSCHIA (FNSA)?
The Finschia (FNSA) token and its blockchain are products of Line Corporation, a Tokyo-based subsidiary owned by Softbank Group and Naver Corporation. Line Corporation is renowned for developing notable mobile apps and other internet services, most significantly the popular mobile messaging app 'Line.' The company's venture into blockchain technology with Finschia signifies its commitment to leveraging its extensive user base and technological expertise to foster a more inclusive digital economy.
What Makes FINSCHIA (FNSA) Unique?
Finschia establishes a framework where participants and the ecosystem can grow together by compensating individuals who add value. The quantity of wallet addresses and FINSCHIA payments will serve as the foundation for value in the Finschia ecosystem, creating the "Internet of value." This ecosystem prevents imbalanced monetary expansion by not distributing tokens before ensuring demand. Based on the network and the quantity of FINSCHIA used (staking and payment), Finschia sets and advances the FINSCHIA issuance and distribution policy.
People from all around the world can participate in the Finschia Ecosystem and receive value and rewards by making contributions online without having to invest any money upfront. Regardless of their nationality, capital, or chosen service's time zone, everyone in the Finschia Ecosystem can gain FNSA as a reward by staking or making payments with FNSA.
How Many FINSCHIA (FNSA) Coins Are There in Circulation?
Based on the inflation mechanism included in the chain by default, FNSA can be issued up to a total of 1 billion tokens within the maximum issuance limit. According to the whitepaper, for a stable settlement of the token economy 2.0, the initial inflation rate starts at 15%, and the target staking rate is 5% over time.
At the time of writing, the circulating supply of FNSA is 6,769,046.
How Is the FINSCHIA (FNSA) Network Secured?
Finschia is secured by a new blockchain consensus engine called Ostracon. The Ostracon consensus engine is based on a combination of Delegated Proof of Stake (DPoS) and Tendermint-BFT, which is a modification of the Practical Byzantine Fault Tolerance (PBFT) algorithm.
Where Can You Buy FINSCHIA (FNSA)?
Finschia (FNSA) can be purchased on various centralized exchanges such as Bitthumb, Huobi, Bittrex, and Gate.io.
Keep track of FNSA live prices in real-time with the CMC mobile app.
Tokenomics and Distribution Model of FINSCHIA (FNSA)
The tokenomics and distribution model of the FINSCHIA (FNSA) crypto token are designed to establish a blockchain platform and token economy that is accessible to everyday consumers. The Finschia ecosystem consists of a general-purpose coin, FNSA, which aims to be easily used by anyone in their daily life. LINE Corp, the global messenger app company, developed Finschia with the goal of bringing Web3 to more users around the world.
The total token supply of FINSCHIA is not explicitly stated in the provided sources. However, the circulating supply is 7,954,275 FNSA, and the total supply is also 7,954,275 FNSA. The max supply is not mentioned, but the market cap and fully diluted market cap are provided: $175,768,125 and $175,768,125, respectively.
The distribution model of FINSCHIA is not detailed in the provided sources. However, it is mentioned that some crypto projects account for a detailed distribution of tokens, with certain numbers reserved for venture capitalists or developers, but those tokens can only be sold after a certain time. It is not clear if FINSCHIA follows this model.
In summary, the total token supply of FINSCHIA is not explicitly stated, but the circulating supply is 7,954,275 FNSA, and the total supply is also 7,954,275 FNSA. The max supply is not mentioned. The distribution model is not detailed in the provided sources.
The Purpose and Utility of the FINSCHIA Crypto Token
The FINSCHIA (FNSA) crypto token is the native cryptocurrency of the Finschia blockchain ecosystem. It serves various purposes within the ecosystem, including on-chain transactions, accessing specific services or functionalities, and participating in governance.
The FINSCHIA token aims to solve the problem of integrating traditional finance with digital currencies by creating a user-friendly, universally accessible token economy that could transform the future of digital commerce. It is designed to bridge the worlds of traditional finance and digital currencies, serving as the cornerstone for a user-friendly, universally accessible token economy that could transform the future of digital commerce.
FINSCHIA's practical applications span from simplifying daily financial activities to facilitating sophisticated organizational frameworks, marking significant strides toward a more integrated and streamlined digital landscape. Some of its use cases include decentralized finance (DeFi) services, non-fungible tokens (NFTs), and cross-chain interoperability.
In summary, the FINSCHIA crypto token aims to solve the problem of integrating traditional finance with digital currencies by providing a user-friendly, universally accessible token economy that can be used for various purposes within the Finschia blockchain ecosystem. Its use cases demonstrate FINSCHIA’s commitment to leveraging blockchain technology to create practical, user-centric applications that streamline and secure digital interaction across various sectors.
Unique Features and Benefits of FINSCHIA (FNSA)
The FINSCHIA (FNSA) token is the native cryptocurrency of the Finschia blockchain ecosystem, serving various purposes within the platform. It is used for on-chain transactions, paying transaction fees, exercising voting rights, and interacting with various Web3 services on Finschia.
FINSCHIA has several unique features and benefits that distinguish it from other tokens:
- Service Contribution Rewards (SCR) System: Finschia rewards users for enhancing its ecosystem through direct and indirect contributions, promoting a sustainable and fair environment. This system allocates
