AMA Text Recap: FINX Plans During Winter - FINX Global - Medium

FINX Team recorded and compiled our 2nd AMA that happened last Friday into a text recap for users that missed it. Below are the main topics that were discussed by our panel moderator — Princzele, and answered by FINX CMO — Alex Rumondor.

We hope that this AMA gives a better idea of what FINX plans are especially during this winter, and our strategy to grow even further.

Have fun reading, FINEX!

AMA Text Recap

Princzele:

Let’s start off by asking 1 of the most frequently asked question by all the users out there, also the questions that everyone been asking on Twitter comment section:What is the difference of FINX compared to other wallets out there such as Metamask, Exodus, Trust Wallet etc?

Alex:

Nice, this is also a question that i got asked most of the time by other partners and projects. Really, if you look at FINX as a whole, we are totally different compared to the rest of the wallet company out there. Our end goal is to enable crypto to fiat conversion, meaning that today you can use store your USDT in FINX Wallet and spend it wherever and whenever you want, without any obstacles.

Not only that, once FINX ecosystem fully launched and matured, we are expecting even non crypto users to use FINX wallet, because of our virtual card FINTAP. With FINTAP, USDT will be automatically convert to any local currency and allow users to spend at a much faster and cheaper transaction fee, even when you are traveling at other countries, you don’t have to exchange for the local fiat anymore, just topup USDT into your FINX Wallet.

This is how FINX different compared to other wallets out there, because our end goal is totally different, we are not focusing on exchanges, trading or staking, but rather it’s a Crypto & Fiat solution for our current world.

Princzele:

Nice Alex, that’s a very detailed explanation on why FINX can never be the same compared to other.

Alright, moving on, As you know, it is currently a winter market, is FINX impacted? How?

Alex:

We can’t say that we are not impacted at all however, perhaps, we have been luckier than others. Because of the bear market, we’ve had to customise a lot of our launch dates and timeline on the roadmap. However, the silver lining is that we now have more time to do a lot more research, to develop our product and improve it as well as focus more on our community.

Princzele:

I see, then are you worried that with the crisis going on in crypto, it will impact the way FINX is being viewed?

Alex:

No. Just because a few things are in crisis in the crypto world doesn’t mean the whole crypto is going down or every organisation is bad. FINX does not involve itself with questionable things and we focus on providing our users with the best experience possible.

We have always kept our community updated and we’re proud to say that we have the privilege of working with a loyal and supportive community. So despite what is going on, we will stay true to our goals when we first started this organisation, which is working on a crypto wallet platform that allows users to spend their crypto anywhere they go.

Princzele:

Well said, so how are you using this bear market to your advantage?

Alex:

As we said before, we’re using the winter to focus on our R&D. Because so many things have been focused on, it actually allows our team to do more studies, and dig deeper into redesigning our apps to make them as seamless for users as possible.

We’re basically using the long winter to plan more things ahead. It’s basically like when a teacher tells a student, the test is postponed and so we, the students are using it to study more. This way by the time winter’s over, we will be ready to go full-speed ahead and welcome the bull.

Princzele:

Alright, i believe we all here really agree that we can’t wait for the next bull run! So Alex, FINX has a number of exciting plans coming up previously, especially with the FINX Genesis NFT, how is that going?

Alex:

It is still going. The only thing that has changed is the launch date which we have had to postpone due to the current winter. However, our team is still working hard at designing, creating plans, getting the website ready and so many things that we can’t reveal because we don’t want to ruin the surprise.

To be honest, we can’t wait to reveal our NFTs to the community. We’re proud of the work we created and we know our community will love it too. So please stay tuned!

Princzele:

Oh wait, then does that means there are changes within the roadmap itself?

Alex:

Yes, there are minor changes in the roadmap as we will now be looking to launch our NFTs in Q1 of 2023. This also means that our FINX Token listing will be postponed as well, as you all know our token listing and NFT launch go hand in hand.

However, we don’t see this as a setback. We see this as extra time for us to prepare better products for our users and for our loyal community members. So for FINX members with FINX Token in hand, make sure to HODL into it because we can promise that it’s going to be worthwhile.

Princzele:

I see, so there will be adjustments on the roadmap, thanks for letting us know. But are you worried about the current condition of NFT market?

Alex:

We understand that the NFTs’ values are declining at the moment but that’s only because there are so many uncertainties hitting the crypto world as a whole. That being said, this is not the first winter we have experienced and every single time, we have come out of it. So we believe this time around, we will come out of it stronger too.

While that moment comes, we will make sure that we provide what’s best for our community.

Princzele:

Totally agree with you, we will definitely come out stronger. So what is FINX doing to help its community that is impacted by the bear market

Alex:

We have definitely been focusing more on developing our community during these times. We’ve been doing a lot of airdrop events so that, they themselves can accumulate tokens, especially with our latest FINX Grand Fortuna Event. This way, when the time comes, they will be ready to spend, stake, trade, or do anything else necessary to build their portfolio.

We’re also encouraging our community to learn more by updating them with everyday knowledge of the crypto-world. Since movement is limited, we might as well help people learn so they understand the crypto-world better.

Princzele:

Since movement is currently slow, what is FINX currently doing to strengthen its presence within its community?

Alex:

The good thing about not having to focus on product launches is that we can put more focus on our community. To keep them engaged, we have come up with a number of events that not only helps them get airdrops but also to encourage their communication with each other.

I think by doing this, we’re building a community that truly cares about each other, not just about rewards. We believe in building a strong community as the most strategic move especially when the market is slow. Just like now, we have alot of our loyal supporters listening to our AMA!

Princzele:

Yup you are right, really thankful for all the FINEX supporters! So Alex, from a business standpoint, how is FINX surviving the bear market?

Alex:

We’re doing it by looking into more partnerships. We believe that working together with other entities, within Web3 or those looking to break into Web3 can benefit FINX and the crypto industry as a whole even better.

So right now, we’re pushing for partnerships with entities or businesses that share the same value as us.

Princzele:

Any new partnerships that we should be looking out for specifically?

Alex:

We’re currently working hard to prepare for our event that we’ve collaborated with a Web2 company that is looking to make their break into Web3 — name Hox World. We are excited to be the one to help them build their presence and community in Web3 as we get to introduce FINX to non-crypto users. In the future, we’re looking to collaborate on more events with Hox World.

As for other partnerships, we’re already in the midst of discussing more details with other projects, so stay tuned too!

Princzele:

Wow that sounds really exciting! Can you reveal exclusively to our users here, what can they expect from this FINX and HOX World partnership?

Alex:

According to our announcement last week, FINX will provide HOX World users with the option of using crypto as payments, which indirectly will eliminate the high transaction fee typically charged by traditional payment providers, along with a faster & safer blockchain payment process.

In addition to being a payment solution provider, FINX and HOX will also be collaborating on providing HOX users with special rewards such as a limited edition NFT and product packages specific to the partnership.

As a sneak-peak for users that participate here today, we are going to have a grand conference along with HOX in Manila this coming 17th of December. This conference will have a lot of major key players participating, and it will also be the** official launch** of our FINX wallet. So stay tuned for the full info!

Princzele:

Nice, 17th of December, take note of the date guys! Lastly, what would be your advice to users in this current bear market?

Alex:

What i can advise is stay strong and use this bear market to enhance your knowledge about crypto, NFT, Web3. Join strong communities such as FINX and interact with other crypto-users as we believe that knowledge should be shared and exchanged. You never know what you can learn from other people or the opportunity they might be able to share with you.

Lastly, whatever actions you choose to take with your crypto assets during this time, make sure you have done your due diligence and research on it.

Princzele:

Alright, thank you so much Alex for answering all the doubts from our FINEX members!

Conclusion

FINX will continue to BUIDL during this Crypto Winter, while the NFT launch date will be postponed to Q1 2023 to wait for better market sentiment, and the same goes to FINX token listing. So members with FINX tokens, do HODL onto it as it will definitely be worthwhile.

FINX will also have a grand conference with HOX members this coming 17th December 2022 in Manila, with a lot of key players joining.

Thank you so much Alex for sharing FINX plans with us on this AMA tonight!

About FINX Global

FINX is the future of finance that aims to promote digital assets payments into the financial system, enabling seamless digital payments that are accepted globally.

As a result, FINX will put an end to the intensive process of crypto to fiat conversion by providing a platform to the global audience that enables anyone from anywhere across the world to seamlessly transact and participate in the world of digital assets conveniently and faster than before. This vision will therefore enable the world to better understand cryptocurrencies and digital assets, fueling mass adoption.

Social Media & Communities

Website: https://finx.global/
Discord: https://discord.gg/finxglobal
Twitter: https://twitter.com/FINXSupport

Subscribe to FINX GLOBAL
Receive the latest updates directly to your inbox.
Mint this entry as an NFT to add it to your collection.
Verification
This entry has been permanently stored onchain and signed by its creator.