FINSCHIA

price
change

Discover FINSCHIA's fundamentals and latest news.

This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is FINSCHIA?

FINSCHIA (FNSA) is a robust blockchain platform designed to support a wide array of applications, leveraging high-speed transaction capabilities and smart contract integration. It aims to bridge traditional finance and digital currencies, creating a user-friendly, universally accessible token economy. FNSA is the native cryptocurrency, with a maximum supply of 1 billion units, and is used for interactions such as paying transaction fees and exercising voting rights within the Finschia ecosystem.

How is FINSCHIA used?

FINSCHIA (FNSA) is the native cryptocurrency of the Finschia blockchain ecosystem. It is used for various purposes within the ecosystem, including:

  • On-chain Payments: FNSA is used for making payments on the Finschia blockchain, facilitating transactions and interactions within the network.
  • Block Generation and Chain Governance: Validators use FNSA to participate in block generation and chain governance, earning rewards through inflation and transaction fees.
  • NFT Transactions: FNSA is used for NFT transactions, further expanding its utility within the ecosystem.
  • Staking: Users can stake FNSA without any upper limit, earning rewards based on their contributions to the network. The staking functionality is accessible through the DOSI Vault app and LINE Blockchain Scan.
  • Voting Rights: FNSA is used to exercise voting rights within the Finschia ecosystem, ensuring that users have a say in the decision-making process.
  • Transaction Fees: FNSA is used to pay transaction fees on the Finschia blockchain, making it a fundamental component of the network's operations.

Overall, FNSA plays a central role in the Finschia ecosystem, enabling a wide range of activities and interactions that foster a dynamic and inclusive blockchain network.

How do I store FINSCHIA?

To store FINSCHIA (FNSA) tokens, you can use various methods:

  1. Centralized Exchanges: You can store your FNSA tokens on centralized exchanges like Bithumb, Huobi, Bittrex, and Gate.io. These exchanges act as custodians, managing your private keys and providing access to trading products such as spot and futures markets.

  2. Decentralized Wallets: For more control over your assets, you can withdraw your FNSA tokens to a decentralized wallet. This includes smart wallets, Web3 wallets, or paper wallets. Make sure to store your private key securely to prevent loss of access to your assets.

  3. BYDFi: BYDFi is another option where you can store your FNSA tokens. It provides a secure and reliable environment with features like spot and contract trading, savings, and lending. You can also set strong passwords and upgrade your security settings to prevent malicious actions.

  1. Kaia Portal: Once the Kaia Chain is launched, you will be able to store your KAIA tokens, which are swapped from FNSA tokens, on the Kaia Portal. This portal is built by the Kaia Foundation and ensures a secure environment for token management.

How to buy FINSCHIA?

To buy FINSCHIA (FNSA) tokens, follow these steps:

  1. Create an account: Sign up for a cryptocurrency exchange that supports FNSA, such as Bitget, BYDFi, or other platforms like Bithumb, Huobi, Bittrex, and Gate.io.

  2. Verify your account: Complete the identity verification process to ensure the security of your transactions.

  3. Deposit funds: Add funds to your account using various payment methods, such as credit/debit cards, bank transfers, or third-party services like Google Pay and Apple Pay.

  1. Place an order: Use the deposited funds to buy FNSA tokens. You can do this through the exchange's spot market or peer-to-peer (P2P) trading.

  2. Monitor and store: Once you have purchased FNSA, monitor your tokens in your account and consider storing them securely in a wallet or on the exchange platform.

These steps provide a general outline for buying FINSCHIA tokens. For more detailed instructions and specific platform requirements, refer to the guides provided by the exchanges themselves.

Discover
FINSCHIA
We give you the tools to invest your time and money in 1000+ tokens.
Subscribe

History of FINSCHIA

FINSCHIA (FNSA), formerly known as LINK (LN), is a blockchain currency developed by LINE Corp, a global messaging giant. The history of FINSCHIA began in 2018 when LINE launched its own cryptocurrency, LINK (LN), as part of its broader vision to create a user-friendly ecosystem where digital tokens could be used seamlessly across various platforms.

In 2019, LINE started autonomously managing its blockchain mainnet. Later, in 2020, LINK was rebranded to FINSCHIA, marking a new chapter for LINE Corp. This rebranding aimed to expand the reach of the cryptocurrency beyond the messaging app’s ecosystem to wider marketplaces, making it a fundamental element of a more inclusive digital wallet and blockchain network.

The Finschia Foundation took over the operation of the mainnet and the issuance of FNSA tokens, furthering LINE’s blockchain global outreach. FINSCHIA 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 is engineered for accessibility and growth alongside its users, aiming to marry the advanced features of Web3—decentralization, security, and transparency—with the user-friendly experience of Web2. This approach is set to broaden the blockchain horizon, encouraging diverse service creation and extensive FNSA utility.

Discover
FINSCHIA
We give you the tools to invest your time and money in 1000+ tokens.
Subscribe

How FINSCHIA works

FINSCHIA (FNSA) is a blockchain platform developed by LINE Corp, a global messaging giant. It aims to establish a sustainable token model and create a blockchain ecosystem accessible to everyday consumers. Here's an overview of how FINSCHIA works:

Infrastructure
  • Layered Structure: FINSCHIA's infrastructure consists of the Finschia SDK, Ostracon, and CosmWasm. These components optimize performance, scalability, and security. The consensus mechanism is powered by Ostracon, which integrates Practical Byzantine Fault Tolerance (PBFT) theory into a proof-of-stake framework, ensuring fast block finality and resistance to forks.

  • Consensus Mechanism: The platform uses a verifiable random function (VRF) for selecting block producers, making it challenging to predict the next round of block generators and thus securing the network against potential attacks.

  • Smart Contracts: FINSCHIA integrates CosmWasm, based on the WebAssembly virtual machine, allowing for the creation, deployment, and updating of smart contracts in multiple programming languages. This supports ERC20 and ERC721 token standards and facilitates the easy implementation of business-specific contracts.

Token Economy
  • Token Supply: FINSCHIA has a total supply and circulating supply of 7,512,110 FNSA tokens.

  • Token Distribution: FINSCHIA starts with zero reserves, focusing on rewarding and supporting services as they grow. This approach aims to build a healthier ecosystem by managing token distribution in a fair and transparent manner.

  • Service Contribution Rewards: FINSCHIA has a service contribution reward system, where rewards are distributed based on significant contributions to on-chain activities. This includes direct contributions like on-chain FNSA payments and indirect contributions like NFT transactions.

  • Staking: Users can stake FNSA without any upper limit. The contribution reward rate is dynamic, influenced by the total FNSA staked and additional factors. A significant 50% of FNSA generated with each new block is allocated to the network contribution rewards pool, from which staking rewards are disbursed.
Use Cases
  • On-Chain Payments: FNSA is used for on-chain transactions, facilitating daily financial activities.

  • Block Generation: Validators play a key role in block generation and chain governance, earning rewards through various means, including inflation and transaction fees.

  • NFT Transactions: FNSA is used in NFT transactions, promoting a sustainable and fair ecosystem.

  • Trading on Exchanges: FNSA is traded on various exchanges, enhancing its utility and value in facilitating a dynamic and inclusive blockchain network.
Governance
  • Consortium Structure: FINSCHIA operates under a consortium structure, featuring key members such as SoftBank Corp., LINE NEXT Inc., and LINE Xenesis Corp. These members bring diverse industry strengths, enhancing FINSCHIA's competitiveness and adherence to its Token Economy 2.0 and zero reserve strategies.

  • Governance Members: The consortium is set to jointly operate the FINSCHIA mainnet, ensuring a collaborative and transparent governance model.

Development
  • Finschia SDK: The Finschia SDK is a robust framework for building blockchain applications that need to handle high-speed processing of thousands of transactions per second. It enhances transaction processing with concurrent CheckTx and DeliverTx, leverages fastcache for improved caching, and refines lock granularity for better performance.

  • Node Operators: The Finschia SDK empowers node operators with high-speed transaction capabilities and smart contract integration, setting a new benchmark for efficiency in blockchain application development.

Expansion
  • Token Swap: FINSCHIA is undergoing a token swap process, which may involve delisting on certain exchanges. Users are advised to withdraw their FNSA to wallets or exchanges that support the token swap.

  • Kaia Foundation: The Kaia Foundation is working to complete the chain integration and token swap processes, aiming to launch the new Kaia chain by the end of June.

Overall, FINSCHIA is designed to be a user-inclusive blockchain platform that rewards contributors and promotes a sustainable token economy. Its infrastructure, token economy, and governance model are all geared towards creating a fair, transparent, and efficient ecosystem.

Discover
FINSCHIA
We give you the tools to invest your time and money in 1000+ tokens.
Subscribe

FINSCHIA's strengths

FINSCHIA (FNSA) has several strengths that contribute to its potential growth and adoption:

  1. Native Cryptocurrency: FNSA is the native cryptocurrency of the Finschia blockchain ecosystem, facilitating various interactions such as transaction fees and voting rights.

  2. 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 30% of monthly FNSA inflation to contributors, encouraging active participation.

  3. Validators and Delegators: Validators play a crucial role in block generation and chain governance, earning rewards through inflation and transaction fees. Delegators can stake their FNSA with validators, sharing both rewards and risks, which helps maintain the network's integrity.

  1. Staking: Finschia Staking allows users to stake FNSA without any upper limit, with a dynamic contribution reward rate influenced by the total FNSA staked. This encourages users to participate in maintaining the network.

  2. Wide Range of Applications: FNSA is used across multiple services, including on-chain payments, block generation, NFT transactions, and trading on exchanges, making it a cornerstone of the Finschia platform.

  3. Robust Blockchain Platform: Finschia is designed to support a wide array of applications, leveraging blockchain technology to create practical, user-centric solutions that streamline and secure digital interactions across various sectors.

  1. Token Economy 2.0: Finschia adheres to Token Economy 2.0 principles, avoiding large reserve allocations and focusing on fair and transparent growth alongside the community.

  2. Consortium Structure: The formation of a consortium structure with prominent Governance Members, such as SoftBank Corp. and LINE NEXT Inc., enhances Finschia’s competitiveness and adherence to its unique strategies.

  3. Finschia SDK: The Finschia SDK is a robust framework for building blockchain applications, offering high-speed transaction capabilities and smart contract integration, making it a transformative toolkit for node operators.

These strengths position FINSCHIA as a robust and versatile blockchain platform with a strong potential for growth and adoption.

FINSCHIA's risks

FINSCHIA (FNSA) is considered a high-risk investment due to its current bearish trend and potential price decline. The risk gauge rank for FNSA indicates that it is a high-risk investment, which traders focused on risk assessment should be aware of. Additionally, the cryptocurrency market is known for its high volatility and occasional arbitrary movements, making it essential for investors to do their own research and consider multiple viewpoints before committing to an investment.

Discover
FINSCHIA
We give you the tools to invest your time and money in 1000+ tokens.
Subscribe

Did FINSCHIA raise funds?

Discover
FINSCHIA
We give you the tools to invest your time and money in 1000+ tokens.
Subscribe
Discover
FINSCHIA
We give you the tools to invest your time and money in 1000+ tokens.
Subscribe

FINSCHIA’s team

  • Finschia Foundation: The Finschia Foundation, established in Abu Dhabi, UAE, in March 2023, operates the Finschia blockchain and FINSCHIA (FNSA) token. It aims to achieve a sustainable token model with Web3 users globally, inheriting the "Blockchain for All" philosophy from LINE Blockchain.

Whalee AI

The fundamental analysis assistant for crypto value investors.

FINSCHIA NEWS REPORT

Latest news

Want an analysis of FINSCHIA? Tell us on discord.

Similar tokens

Help us improve!
Tell us what you think of this page and which features you would like to see next.
OPEN FORM