What is Fintoch?
Fintoch is an innovative blockchain financial platform built by Morgan DF Fintoch, a Silicon Valley company from America. It is dedicated to breaking through the dilemma of traditional finance and making up for the shortcomings brought by decentralization. Fintoch provides diversified financial services such as lending, investment, and borrowing. In order to achieve truly decentralized transactions, Fintoch has developed a blockchain technology that combines multiple signatures and zero-knowledge proof called “HyBriid”, which greatly promotes the development of blockchain security technology.
What are the features of Fintoch?
Fintoch provides lending, investment, and borrowing financial services. Fintoch has developed a new blockchain with HyBriid technology by using "zero-knowledge proof" and "multiple signatures" to protect users' funds. The main feature of Fintoch is to build a safe, reliable, and low-risk decentralized financial platform via HyBriid technology.
Fintoch operational principle
Fintoch uses blockchain technology "HyBriid" as the main core of the platform. When a Fintoch user wants to borrow money, HyBriid will randomly select 10 nodes from 100 anonymous supervisory nodes twice and use zero-knowledge proof cryptography to jointly generate two supervisory private keys. The two supervisory private keys are then used to create a multi-signature lending contract wallet with the borrower through multi-signature technology.The lending contract wallet requires two out of the three parties to provide private key authorization in order for the fund to be called. These three parties namely are the borrower and the two anonymous supervisory nodes respectively. These three parties must jointly comply with the agreement to use the funds. According to the rules of the agreement, it is assumed that to cheat or commit fraud jointly, it requires all 10 supervisory nodes to collude with the borrower and the probability for this to happen is almost zero. Thus, Fintoch's HyBriid technology has maximizes the security of both lenders and borrowers' funds.
What is HyBriid?
HyBriid is a blockchain security technology built by Fintoch. HyBriid is not only a smart contract, but it also contains zero-knowledge proof, multi-signature, and other blockchain technologies. Fintoch realizes truly decentralized supervision through HyBriid and is able to automatically stop loss when liquidation conditions are met, ensuring that investors' funds are not at any risk of loss. HyBriid advances the development of fund security technology and takes the security of blockchain transactions to the next level.
What are the characteristics of HyBriid?
HyBriid, combines blockchain's zero-knowledge proof and multi-signature technology to achieve truly decentralized supervision. HyBriid is the core security technology of Fintoch, and it advances the development of fund security technology with its unique smart contract system. Meanwhile, the dual authentication and anonymous control which greatly reduces the risk of users' investment, not only realize the co-management of funds with multi-signature technology but also prevent the collusion between users and supervisory nodes with zero-knowledge proof technology. Through HyBriid technology, it also enables instant liquidation when there is a possibility of a loss of borrowed funds to ensure the safety of investors' funds is not compromised.
Is Fintoch safe?
Fintoch's security is relatively high compared to other platforms because of its unique "HyBriid" blockchain security technology. Fintoch is a decentralized finance (DeFi) platform built by US technology company Morgan DF Fintoch that provides a different financial model and allows users to invest more safely on the blockchain. The biggest difference between Fintoch and traditional DeFi is its security, which enhances the regulatory rules of the protocol, and its developed blockchain HyBriid technology brings a new technological breakthrough for transaction security. In addition, Fintoch solves the biggest bottleneck issue of the current DeFi. For users who provide funds (like investors and lenders), Fintoch provides an automatic stop-loss function, which guarantees and enables users to stop losses before the principal is eroded, so there is no risk of loss.
The difference between Fintoch and other DeFi
Fintoch is quite different from the previous decentralized financial platforms, with its self-developed HyBriid technology, which literally enhances its security level. The HyBriid utilizes "zero-knowledge proof" and "multiple signatures" technology to greatly enhance the security of smart contracts. When a transaction is made, the lending contract wallet requires two out of the three parties to provide private key authorization in order for the fund to be called. These three parties namely are the borrower and the two anonymous supervisory nodes respectively. These three parties must jointly comply with the agreement to use the funds. According to the rules of the agreement, it is assumed that to cheat or commit fraud jointly, it requires all 10 supervisory nodes to collude with the borrower and the probability for this to happen is almost zero. In addition, users are supervised by HyBriid technology in real-time and without dead ends from the time they invest their funds to the time they recover them. Once a loss occurs, the smart contract will automatically force a stop loss to ensure the safety of the investors' funds and minimize losses. With Fintoch's HyBriid technology, the flow of funds in decentralized transactions is more transparent and secure.
Is there any risk of losing money by lending on Fintoch?
The difference between Fintoch and other platforms is that Fintoch implements its HyBriid technology to realize the mandatory stop-loss function via smart contracts. When the investment reaches the liquidation condition (eg. when the borrowing period is up or the deposit is exhausted), the smart contract will automatically convert the funds into the investor's investment currency and withdraw them to the borrowing contract wallet. In addition, each borrower is required to pay 50% of the borrowing deposit in investment. If the borrower's investment is lost, the smart contract will force a stop loss to recover the funds. All of the lost funds will be deducted from the borrower's deposit and the remaining investment principal will be returned to the investor. Therefore, investors do not need to worry about the principal being eroded, and this has proven that there is no risk in this investment. Fintoch's unique HyBriid technology allows users to invest in lending and finance with greater confidence and allows borrowers to borrow with leverage. Its technology will significantly change the DeFi ecosystem and allow users to enter a new world of blockchain technology.
Introduction of authorized currency
Authorized or granted coins are coins that can be traded on DEX (Decentralized Exchange Platform) after being granted by Fintoch platform for Swap. After a successful borrowing on Fintoch, users can use the said coins to perform Swap transactions on third-party DEXs such as PancakeSwap (BSC chain), UniSwap (ETH chain) and SunSwap (TRON chain).
In DEX, only authorized coins are allowed to initiate transactions on DEX, while non-authorized coins will be rejected from transactions and prompted that the said coin is a non-authorized coin. The Fintoch platform will keep track of the different coins and decide whether to include or delist them in the list of authorized coins based on their influence, trading activity and etc. The granted coin is only an authorized currency for investment and does not constitute investment advice to the user, who is solely responsible for any profit or loss thereafter.
Fintoch's authorized coins are divided into main zone coins and start-up zone coins. The main zone coins include the mainstream coins of BSC, ETH and TRON chains, which have the characteristics of large trading volume, high liquidity and stable trading in Swap. Compared with the main zone coins, the price of the start-up coins in Swap is relatively more volatile, the trading activity and liquidity are not as stable as the main zone coins. Therefore, there is a certain degree of investment risk in it.
The main zone coins in Swap can be exchanged with other main zone granted coins at will, while the start-up zone coins, in Swap, can only be exchanged for USDT or chain master coins (BNB for BSC chain master coins, ETH for ETH chain master coins, TRX for TRON chain master coins), and the exchanged assets (USDT or master coins) can only be bought back from this start-up zone coins.
Fintoch Aggregated Pool Contract On-chain Asset Withdrawal Tutorial
Fintoch Aggregated Pool Contract On-chain Asset Withdrawal Tutorial
FINTOCH Lending And Borrowing Platform
Investment Plan- At a Glance
Minimum Lending Asset 100$
1% Daily on main capital
1.5% on interest
Lendint time 7 days
Capital Double within 63Days
Main capital withdrawable without any fee after lending period 7 Days
Interest withdrawable every day any time minimum 1$ withdraw fee 5%
First level refer Comission 15%
2nd level refer Comission 10%
on referral members income
Total invest 50k Dollar achieved in team, rank will made GM
GM Commission 100$ Daily
Next rank VP income minimum Comission 200$
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Please Contact: +8801911250873 (WhatsApp)
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Company Information:
Company: Fintoch
Contact Person: Teodora Walker
Email: help@fintoch.com
Website: www.fintoch.com
Telephone: 1(628)251-1557
City: Santa Clarita
Address: 18 South 2nd Street San Jose California 95113 United States of America
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/162846
