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Purpose

"We as humans are the only creature who can make both conscious and instinctual decisions. Our vision? To create a world where everybody has access to reliable information to make optimal decisions. Further, Finnoq empowers people from around the globe to monetize their opinions, truly giving the power back to the people. This is a future worth fighting for." 

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

Developers can build their own Application on top, easily integrating Modules and Templates from the Service Layer. These Applications represent various opinion markets from which App users - known as “Market Creators” - begin the opinion formation process. An Application is basically every program using the Finnoq protocol as a “library”.

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

Papers

Whitepaper Finnoq
Litepaper Finnoq Litepaper
Onepager Finnoq Overview

Roadmap

 

 

2017 Q1

  • Founding of FINNOQ GmbH
  • Joined Tech2b incubator, one of the leading incubators in Austria

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 Q4

  • Launch of Finnoq Alpha, as the first App on the Finnoq protocol. Advisors can convert their honest opinion into rewards

2019 Q1

  • The functionalities of the Finnoq Core Layer and first modules can be evaluated on Ethereum Testnet

2019 Q2

  • Start building prototypes with comanies from different industries

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 protocol

Team

Our team includes professionals in cryptoeconomics, marketing, development, research, and business operations. No one at Finnoq sees this as just another job. Passionate and purpose-driven, we come hungry every day to make a difference in the world.

Florian Kögl

Florian Kögl

CEO & FOUNDER

With a passion for crypto-economics and blockchain technology, Florian is the chief strategist and visionary at Finnoq, mainly responsible for holistic product development. His entrepreneurial intuition is a guiding force and foundational construct for the protocol.

Georg Felber

Georg Felber

COO & FOUNDER

As an energetic and persistent entrepreneur, Georg takes the lead on operations and business development for Finnoq. He nurtures enduring business relationships from around globe to provide long-term value.

Stefan Thallner

Stefan Thallner

CTO

Carrying many years of experience in coding and premier full-stack development, Stefan ensures that the Finnoq protocol is properly-defined, well-constructed, and consistently stress-tested.

Smit Pandit

Smit Pandit

FULL STACK DEVELOPER

Unconventional and ready to learn, Smit plays a key role in our web and protocol development. Having studied at RPI in the USA, he sees his collective experiences as a host of great opportunities to provide value to the world.

Marc Melchor

Marc Melchor

FULL STACK DEVELOPER

With a Bachelor degree in electronic engineering and great passion for blockchain technology, Marc is in charge of defining the API and implementing basic functionality of the Finnoq protocol. Using his technical skills and knowledge, he finds the best and most efficient way of implementing website performance.

Alan Humberto Zacarias

Alan Humberto Zacarias

FULL STACK DEVELOPER

Having international experience and a degree in intelligent computer engineering, Alan is responsible for the Finnoq Core Layer database, for relations between Modules, and implementation of front-end and partial back-end design of the Finnoq Core Layer.

Matheus Cunha Reis

Matheus Cunha Reis

FULL STACK DEVELOPER

Youngest in the Finnoq team, a last year university student of computer sciences in Brazil, Matheus is responsible for creating test scenarios to ensure the implemented functionality of the Finnoq Core Layer. Willing to learn and improve his technical skills, he finds Finnoq to be the perfect place to develop his blockchain passion.

Markus Teufelberger

Markus Teufelberger

DEVELOPMENT CONSULTANT

JEAN-LAURENT WOTTON

JEAN-LAURENT WOTTON

HEAD OF MARKETING

An alum at Google and former CMO of Badoo, Jean-Laurent brings years of insightful marketing experience to the technical-based Finnoq team. His approach connects the detail-oriented Finnoq protocol to end users, making it understandable as to what the Finnoq protocol can do for the world.

William Perlmutter

William Perlmutter

COMMUNICATIONS AND MARKETING OPERATIONS / ANALYST

The Host of the Finnoq Digital Lounge as well as open-minded and bright, William is poignant in his approach. He does deep research on many topics while also writing and talking about it with everyone in a bold, unique way.

Alexander Berger

Alexander Berger

GRAPHICS

Creative, competent and fast, Alex brings colors to Finnoq’s life with his outstanding graphic solutions. He is able to work on several tasks at the same time and always surprises us with his talent, ingenuity and modern design suggestions.

Patricia Wenigwieser

Patricia Wenigwieser

HEAD OF HR

Patricia handles team business with ease and comfort. Constantly juggling many items at once, she is kind and embodies our team values through her actions. Her passion for blockchain technology and startup cultures became the basis for joining the Finnoq team as the first employee.

Martin Walch

Martin Walch

HR & COMPLIANCE MANAGER

Martin’s vibrant character and willingness to go the extra mile for all of our human resource needs is evident. As Finnoq continues employing talent to be part of our journey, having dependable team members like Martin make the difference for our daily operations.

Advisory

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

Jürgen Höbarth

Jürgen Höbarth

SERIAL ENTREPRENEUR, FOUNDER Tokenization. limited

Chris Miess

Chris Miess

FORMER CFO TenX, CEO & FOUNDER ICONIC Capital

Matthias Tarasiewicz

Matthias Tarasiewicz

BOARD CHAIR OF RIAT

Latest Blog Articles

 

Finnoq as a role model for Austrian Start-ups

Finnoq as a role model for ...

Six start-ups from the Tech2b Start-up Incubator visited Finnoq Headquarters in Traun yesterday evening. Finnoq, as one of the 21 Hottest Start-ups from Upper Austria ...

Aug. 29, 2018
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