FinTab: The Accounting System for Cryptocurrency Portfolios

The crypto-currency market is chaotic nowadays: there are more than 1,300 coins (according to coinmarketcap.com statistics) and countless ICO tokens participating in trading on more than 300 stock exchanges and stored in different wallets. It is almost impossible to keep up with the constantly changing situation.

It becomes more and more difficult to quickly obtain an assessment of the current financial state, the yield on a particular currency, and the whole portfolio. This leads to the risk of making wrong investing decisions, serious losses or lost profits.

Almost each investor, trader and crypto-amateur sooner or later faces the problem of accounting his crypto-currency portfolio.

For crypto-currency funds this problem is especially acute. They need to analyze a huge number of financial transactions and at the same time to report to their investors. Together with the growth of the fund, it is necessary to reduce the complexity of maintaining internal accounting system and improve its accuracy. And for clients, as for investors, the most important thing is to understand how much they have earned.

Possible solutions:

• When you have a small number of about 1-5 currencies and long-term investment, you can easily take notes about their purchase prices and wait for the changes.

• When the number of currencies in the portfolio grows up to 5-10, Google Tables or Excel can be suitable. The table can be supported by script for automatic exchange rates importing and transformed into the table that shows the portfolio profitability.

• You can use a cryptocurrency accounting service.

Let’s Consider the Last Option in Details

To date all existing services can be divided into two categories: ones with wide functionality, but not user-friendly interface and others with pleasant design and usability, but lack of features.

Considering the existing solutions one of the most promising services is FinTab, which is developed by a young team from Russia.

Faced all problems above in practice, the FinTab project team decided to create a service that combines convenient design and extensive features, and is equally useful for both experienced traders and large funds, and for crypto-enthusiasts.

As Mikhail Fadeyev, FinTab CEO, says

"We have a very simple principle: there can be as many currencies, wallets, exchanges, portfolios as you like, but the accounting system should be one."

Portfolio Accounting Services Comparison

To date, FinTab is the only system that maintains automatic accounting of:

· Transactions on stock exchanges;

· Tokens purchases on the ICO (even those that have not entered the exchange yet);

· Chains of currency transactions (purchase, sale, exchange, transfer) and give their overall assessment;

· Financial analytics and reporting to investors (for crypto-currency funds)

Our cryptocommunity actively supported the idea of creating the service.

As a result, on the pre-ICO the project collected more than $ 78,000 without any investments in marketing and advertising

ICO Start

The sale of FinTab tokens begins on December 14 and will last for a month (until January 14, 2018).

The closed stage of sales is conducted on December 10-13, where the price of one FNT token will be $ 0.25. The minimum investment is $8,000. You can apply on the web site.

The price of one FNT token during the ICO is $0.4.

·         Within the first 48 hours + 30% of tokens.

·         Within the next 5 days + 20% of tokens.

·         Within the second week + 10% of tokens.

·         Within the third week + 5% of tokens.

System Development

Depending on the collected funds FinTab will implement the following features:

Why to Participate in FinTab ICO?

The project has a very thoughtful and transparent business model and the economy of the token:

The main purpose of token is to pay for the service. Having estimated the potential number of users of our system by the third quarter of 2018, we calculated how many tokens should be released.

After the final stage of the ICO, the tokens will be freely traded on exchanges, and the value will be regulated by the market and will depend on the number of users.

In FinTab system the burning of tokens, received as payment for the service, will be implemented:

When paying for the service and the system of signals,

·         10% of the FNT tokens pass to the FinTab team.

·         the remaining 90% of the tokens are burned.

Thus, the amount of tokens will be constantly reduced, and the demand will grow, increasing the number of users.

The reasons for FinTab token cost growth:

· Demand increase for the service due to its constant promotion and development of the functional.

· Turnover of tokens increase due to advertising functionality.

· Growing demand in relation to supply by burning tokens.

The forecasted starting point for the token’s growth will be implementation of the paid accounts into the system and the beginning of tokens burning.

For more detailed information check our website and Whitepaper.

FinTab team is ready to communicate. Any questions about the service or the ICO conduction to be asked write directly in telegram chat or send your proposals and feedbacks on info@fitnab.io

Disclaimer. This article is paid and provided by a third-party source and should not be viewed as an endorsement by CoinIdol. Readers should do their own research before investing funds in any company. CoinIdol shall not be responsible or liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any such content, goods or services mentioned in this article.