Future of advice

Finnoq is a decentralized protocol for crowdsourced advice on financial products, instruments and services.

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The journey starts in early fall 2018!

Our partners and backers

 

WHY FINNOQ?

Today, there are huge players like banks and rating agencies in the financial industry. When such big, centralized organizations give their opinion or evaluation on financial products, they have the ability to control and manipulate the behaviour of the entire market.

Subjective opinion

An opinion is basically subjective, reflecting the personal view of a given reality. Thus, it can be very dangerous to trust anybody personal opinion blindly.

Wrong Incentive Models

The proper incentive structure for a truly objective opinion is an issue worth tackling. Especially within the context of selling financial products, opinions can be distorted by monetary incentives.

HOW FINNOQ WORKS?

The Finnoq protocol is a solution for opinions and decisions within financial markets. Finnoq creates an open source protocol for crowdsourced advice where developers have access to the Finnoq Core and can build applications on top of it.

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COLLECTIVE ADVICE

The finnoq core is creating a collective advice from a global community, bolstered by game theory concepts and techniques. 

SWARM INTELLIGENCE

The effect of swarm intelligence represents the basis for the protocol, implying that a community decides better and more thoroughly than individuals.

BLOCKCHAIN AGNOSTIC

The Blockchain layer is used to bring security and transparency to the protocol.
As its own blockchain layer, every smart contract platform (Ethereum, Lisk, EOS, NEO, etc.) can be utilisied on finnoq core. In the initial rollout phase, the finnoq core will use Ethereum as it`s blockchain.

Build apps on Finnoq Core

Every developer can build an application on top of the Finnoq Core. The developer will be able to choose modules from the service layer. A module can be a collection of parameters or a template for rating different financial products. A module is essentially an extended functionality of the Finnoq Core. Basically a module is the bridge between the Finnoq Core and the applications. The modules can be easily used via application programming interface, API.

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CREATE OWN MODULES

Inherent to our protocol design, developers can be part of the Finnoq Core. They are able to create modules and templates on the service layer, receiving rewards for usage of the module on Finnoq Core.

USE CASES

  • Ratings of various financial products and services
  • Crowdsourced financial advisory services
  • Crowdsourced trading algorithms

Token distribution

Tokensale 51%
Ecosystem fund 15%
Partnership fund 7%
Reserve fund 5%
Future team fund 5%
Team 10%
Advisor & long-term mentors  5%
Bounty 2%

Roadmap

Februar 2017

Founding of FINNOQ GmbH

March 2017

Joined Tech2b Incubator

May 2017

Seed Round OÖ Gründerfonds

September 2017

Accepted to Business2Excellence
Launched the first finnoq platform

November 2017

Planned the first development of the finnoq protocol

Q1/2018

Rebranding and redesign of Finnoq

Q2/2019

Finnoq Core goes live on Mainnet
Release of the first modules in the service layer
Start the ecosystem fund
Establish a Foundation for the finnoq protocol

Q3/2019

Release “Tokenised Asset Rating” as the first application on finnoq core
All data will be stored decentralised; every user gets rewards for the data.

Team

Our team includes professionals in cryptoeconomics, marketing, development and business operations.

Florian Kögl

Florian KöglCEO & FOUNDER

Georg Felber

Georg FelberCOO & FOUNDER

Philip Steiner

Philip SteinerMARKETING

Patricia Wenigwieser

Patricia WenigwieserPR & COMMUNICATION

Eszter Naghi

Eszter NaghiCOMMUNITY

Julia Mittermayr

Julia MittermayrBUSINESS ANALYST

Alexander Berger

Alexander BergerGRAPHICS

Stefan Thallner

Stefan ThallnerDEVELOPMENT

Patrick Wierer

Patrick WiererDEVELOPMENT

Advisory

We have a broad network of experienced advisors supporting our project.

Jürgen Höbarth

Jürgen HöbarthSERIAL ENTREPRENEUR, FOUNDER Tokenization. limited

Chris Miess

Chris MiessFORMER CFO TenX, CEO & FOUNDER ICONIC Capital

JEAN-LAURENT WOTTON

JEAN-LAURENT WOTTONGOOGLE ALUMNI, FORMER CMO BADOO

MATTHIAS TARASIEWICZ

MATTHIAS TARASIEWICZBOARD CHAIR OF RIAT

MAX TERTINEGG

MAX TERTINEGGCEO & CO-FOUNDER COINFINITY

MICHAEL KAISER

MICHAEL KAISERCEO & CO-FOUNDER BLOCKLANCER

MICHAEL PETRITZ

MICHAEL PETRITZTAX PARTNER, KPMG

OLIVER STAUBER

OLIVER STAUBERATTORNEY, JAROLIM & PARTNER

PHILIP RAFFLING

PHILIP RAFFLINGATTORNEY, WRT & PARTNER

Markus Teufelberger

Markus TeufelbergerPROTOCOL DEVELOPER ARTIS