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Purpose

Today, opinion markets are controlled by resource-powerful actors spreading biased and incomplete information to society. Therefore, Finnoq creates a future for collective opinion statements, allowing better decisions for all.

The Finnoq Protocol

Wisdom of the crowd 

The Finnoq protocol relies on the wisdom of the crowd, a collective opinion statement where each individual is uninfluenced by the others. The average collective response of a diverse group of people is higher than the smartest members within that group, ensuring a better basis for all decision-makers. We employ truth-telling algorithms to increase the accuracy of collective wisdom results when a lack of knowledge or small group exists.

Wisdom of the crowd

Collective Statements

With the Finnoq protocol, everyone can be sure that generated collective statements are not influenced by the opinions and interests of big, centralized, and influential actors. The formation of collective opinion statement results deriving from the Finnoq protocol are bolstered by truth-telling incentives.

collective statements

Blockchain Agnostic

The Finnoq protocol is built on top of the Ethereum Blockchain, the most reliable and tested blockchain for smart contracts to date. The protocol is agnostically constructed, allowing it to be seamlessly placed onto other Smart Contract platforms in the future.

Blockchain Agnostic

 

The protocol is a digital infrastructure of three layers

 

Finnoq Core Layer

This layer is for community members, identified as “Advisors”. Advisors are stakeholders who give an opinion and demonstrate their knowledge. Advisors are approved through the “Whitelisting” process to avoid Sybil attacks. Every Advisor stakes FNQ Tokens into a Smart Contract for a free, defined time period and participates in the opinion formation process. As the opinion formation process finishes, Advisors receive rewards dependent on knowledge and honesty. Forming a collective statement from Advisors, the wisdom of the crowd combined with truth-telling incentivization produces the best possible result.

Finnoq Core Layer

Service Layer

Welcome to the algorithmic playground. This layer represents a collection of different Modules. They represent all possibilities for developer integration and interaction with the Finnoq Core Layer. Modules are the bridge between the Finnoq Core Layer and its Applications, representing different kinds of voting parameters. Templates are generated as pre-defined groups of Modules, proven to execute an Application. All Modules can be integrated into an Application with a standardized API. Outside developers can interact with the Service Layer to construct new Modules and Templates, receiving rewards for  usage of their Module by an Application.

Service Layer

Application Layer

Every developer can build applications on top of the Finnoq Core Layer to create “opinion markets”. The developer picks and chooses existing Modules and use the standardized API from the Service Layer. The applications interface directly the App-using “Market Creators”. This is where the opinion formation process begins.

Application Layer

Use Cases

The FNQ Token

The FNQ Token is the fuel of our ecosystem, an ERC20 Token running on the Ethereum Blockchain. FNQ serves many functions: formulation of collective opinions (Participation), transfer of value across the ecosystem (Value Transfer), and voting on the future of the protocol (Governance).

Participation

When opinions are requested, Advisors are incentivized by knowledge and honesty. Market Creators and Advisors stake FNQ Tokens in Smart Contracts, thus creating supply and demand dynamics for participation.

Participation

Value Transfer

The Finnoq ecosystem operates exclusively in FNQ. Every “opinion formation process” is executed in FNQ, as well as the associated rewards for each stakeholder. Rewards are represented in FNQ and distributed to all Stakeholders throughout the three Layers. Further, any foreseeable transfer of value within the ecosystem is made in FNQ.

Value Transfer

Governance

All FNQ holders decide in which direction the Finnoq protocol steers. Protocol proposals are rolled out by FNQ holders who have staked FNQ Tokens. Collective votes take place on future technical changes, the “Blacklisting” of bad actors, and App approval once accepted into the ecosystem.

Governance

Token Sale

July 27, 2018 Latest Version

Total number of tokens
499,019,607 Tokens
% for sale
51
Total number of tokens for sale
254,500,000 Tokens
Hardcap in USD
20 M

 

Round Funding Bonus
Private Sale 1 M USD Cap 100%
Pre Sale 15 M USD Cap 30%
Crowd Sale 20 M USD Cap 20% (first 24h)
  • Unsold Token will be locked up and sold in a later point in time decided by the community
  • Team Tokens will be locked up for 2 years

 

Token Distribution

Papers

Whitepaper Finnoq
Onepager Finnoq

Roadmap

2017 Q1

Founding of FINNOQ GmbH

Joined Tech2b Incubator

2017 Q2

Seed Round OÖ Gründerfonds

2017 Q3

Launch platform for financial advisors as first product of Finnoq

2017 Q4

Conceptualization and first development of the Finnoq protocol

2018 Q3

Launch of Finnoq Alpha, where a decentralized voting on different topics will be created

Start of the FNQ public token sale

2019 Q1

The functionalities of the Finnoq Core Layer can be evaluated on Testnet

2019 Q2

Establish a Foundation to ensure the legal future of the Finnoq protocol

2019 Q3

The first version of the entire Finnoq protocol will be published

2019 Q4

Start of the ecosystem fund, support provided to projects using the Finnoq Core

Team

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

Florian Kögl

Florian KöglCEO & FOUNDER

Georg Felber

Georg FelberCOO & FOUNDER

Stefan Thallner

Stefan ThallnerHEAD OF DEVELOPMENT

Smit Pandit

Smit PanditFULL STACK DEVELOPER

Marc Melchor

Marc MelchorFULL STACK DEVELOPER

JEAN-LAURENT WOTTON

JEAN-LAURENT WOTTONHEAD OF MARKETING

Philip Steiner

Philip SteinerMARKETING OPERATIONS

SUZANA JARAMAZ

SUZANA JARAMAZPR & COMMUNICATION

Eszter Naghi

Eszter NaghiCOMMUNITY

William Perlmutter

William PerlmutterCORRESPONDENT / ANALYST

Alexander Berger

Alexander BergerGRAPHICS

Patricia Wenigwieser

Patricia WenigwieserHEAD OF HR

Martin Walch

Martin WalchJUNIOR HR MANAGER

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

Yunsoo (Andre) Kim

Yunsoo (Andre) KimCO-FOUNDER & CEO, BLOCKCHAIN i

MATTHIAS TARASIEWICZ

MATTHIAS TARASIEWICZBOARD CHAIR OF RIAT

MAX TERTINEGG

MAX TERTINEGGCEO & CO-FOUNDER COINFINITY

MICHAEL KAISER

MICHAEL KAISERCEO & CO-FOUNDER BLOCKLANCER

Shawn Tham

Shawn ThamFOUNDER/CEO BlocKrypto Pte Ltd

MICHAEL PETRITZ

MICHAEL PETRITZTAX PARTNER, KPMG

OLIVER STAUBER

OLIVER STAUBERATTORNEY, JAROLIM & PARTNER

PHILIP RAFFLING

PHILIP RAFFLINGATTORNEY, WRT & PARTNER

Markus Teufelberger

Markus TeufelbergerPROTOCOL DEVELOPER ARTIS

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