Thread by @AboutDefi

1/#DeFi gem alert

@fin_nexus

FinNexus was founded by @wanchain_org, a leading global public blockchain, and Superatom, an indonesia based fintech enterprise with high profile investors.

FinNexus is building an open finance protocol to power hybrid marketplaces that trade

2/ both decentralized and traditional financial products. FinNexus has already launched the first real-world tokenization product called UM1S together with the
process of ICTO github.com/FinNexus/Pdfs/… ,while their decentralized option protocol V1 is due for release in Q3 2020.

3/ The first version will be launched on Wanchain Blockchain. It will integrate Wanchain’s cross-chain mechanism to allow for options based on BTC and other crypto assets. The next step is to simultaneously run the options protocols on Wanchain and Ethereum together.

4/ #Defi has burst onto the scene in recent months and one of the areas that will attract large amounts of capital are decentralized options protocols. @fin_nexus will be the first decentralized #Bitcoin options platform. @rainiefield has described FinNexus options protocol

5/ V1.0 like @opyn_ and V2.0 is like @synthetix_io in options.

Below is a fantastic article comparing the different option protocols. medium.com/coinmonks/a-co…

6/ FNX liquidity mining will begin soon after launch. Options writers will be incentivized in a number of ways, including the distribution of FNX tokens as rewards in regards to minting and trading volumes on the FinNexus options platform once it goes live
.

7/ Circulating supply is approximately 30 million and decreasing due to UM1S burn, the supply will decrease until the conversion period ends on Aug 24. Marketcap is approximately 2 million USD.

medium.com/finnexus/a-not…

8/ @BandProtocol #band $band community will like this #DeFi gem.

medium.com/finnexus/finne…

9/ New exchange listings will come on V1.0 launch.

@shanghaipreneur @rainiefield @BorisYangFNX @JackLu_WAN i'm sure will answer any questions the community may have.