An Educational Trading Group

That Will Teach Users To Transact Bitcoin Futures And Other Cryptocurrencies Using A Trading Bot

https://www.fintechbit.io

White Paper

Executive Summary

FinTechBit token is a utility token built on the Waves blockchain that enables​ ​the​ ​holder​ ​to​ ​transcend geopolitical​ ​frontiers​ ​and​ ​become​ ​a​ ​member​ ​of​ ​an exclusive​ ​educational trading group – Fintechbit. Fintechbit​ ​uses a proprietary trading robot – PredicTrader™ – to ​educate​ ​the​ ​beginner​ ​and​ ​experienced​ ​trader alike how to align themselves with current trends in digital currencies, in particular Bitcoin Futures. ​​Members​ ​will be aided by a robot​ ​and learn how to use algorithms to position themselves appropriately in the market. PredicTrader™ will teach members how to adapt to and benefit from dynamic markets. This will empower members to learn to trade in all market conditions. ​

Our Vision

It is the Fintechbit team’s vision to educate anyone who is willing to learn how to trade in this exciting market. To achieve this​,​ Fintechbit is being offered as a utility token so that anyone from anywhere can join the Fintechbit trading group and learn how to participate in the Bitcoin rise. Fintechbit token is not a security token. It is a token that enables anyone to buy educational resources by becoming a member of Fintechbit group. The purpose of issuing a token is to enable anyone from anywhere to become a member of the educational trading group without being encumbered by geopolitical stress. ​

Why​​ ​​​Join​​ ​​Fintechbit​​ ​​Group?

​Fintechbit group will be teaching members how to trade Bitcoin futures and cryptocurrencies as well as how​ ​to read market dynamics. Facilitated​ ​by our trading robot - PredicTrader™, members will learn how to read and understand market signal and how to position themselves for maximum benefits from the newly offered Bitcoin futures and other cryptocurrencies. PredicTrader™ (PT) is an automated application (robot) that enable​s​ you concentrate on things you are passionate about PredicTrader™ Will Teach You How to Analyze Markets

​PredicTrader™ is an automated market analysis application (robot) that constantly analyzes market conditions and takes positions accordingly. PredicTrader™ will teach you how to do the same. PT uses technical analysis to find good setups to take positions.

Technical Analysis is the forecasting of variables’ future value by examination of past behavior or state of being. Variables can be anything like temperature, population growth, financial price movements or carbon dioxide emissions. Technical analysis is applicable to variables where the quality/value/quantity is influenced by the forces of supply, demand, economic outlook, geopolitical state of being, climate or natural phenomena. It follows, therefore, that technical analysis is the method of choice by market participants for analyzing the markets. Market participants can be traders, investors or students and members of educational trading groups like Fintechbit group

Market participants are always looking for ways to minimize their drawdowns. This is done by finding the optimal risk/reward ratio. Risk/reward is a metric used by market participants to set how much money they are willing to risk for a predefined potential gain. PredicTrader™ dynamically sets this ratio depending on whether the market is volatile or calm. The methods used in this article are applicable to any market. Fintechbit trading group’s primary focus will be on teaching members how to position themselves to benefit from Bitcoin Futures offerings. However, the market used in this explanation is the S&P 500 Emini because Bitcoin Futures Offerings have just started and there is no past data to extrapolate from.

The S&P500 Emini is offered in 4 contract months in a year – one contract month per quarter. The contract month at the time of writing this white paper is December 2017 - code named ESZ7. For the market explained in the figures below PT uses a ratio of “Gain of 5 points and Risk of 4 points”. Positions are taken in a quarter (¼ ) of a point increments. One point (4 quarter points) price movement is equal to $50 per contract. So for a movement of 5 points in the positive direction, there is a gain of $250 per contract.

The Team

What you will learn

PredicTrader™ Will Teach You How To Adapt To Market Dynamics.

The following figures below were taken from trades made in the S&P 500 Emini (ESZ7) market. The charts are all five minute time frames. In financial market lingo, to buy is to go long and to sell is to go short. So in the explanations below, the expression “going long” and “buy” will be used interchangeably. Also “going short” and “sell” will be used interchangeably.

PredicTrader™ Shows You What to Look For

Some of the market signals used by PredicTrader™ are trend reversal, moving averages crossing, taking position after a gap in price and taking position after a pullback (retracement).

Trend Reversal

Trend reversal is when the general price movement is in one direction and then changes in the opposite direction. Market participants are always looking for possible trend reversals to take positions in the opposite (opposite to current trend movement) direction. Trend reversal positions are great because the price has a large range of possible movement. For example,​ i​n the figure below PT detected a trend reversal and took a buy signal on a downtrend at a price of 2569.50 for a gain of 5 points.

Fig.1 Trend Reversal Setup

In the figure below price moved up beyond a five points threshold for a nice and easy win.

Fig.2 Trend Reversal

Moving Averages Crossing

Moving Averages are curved lines that are plotted on the chart that indicate what the average price has been so far. There are different types of moving averages. At Fintechbit group we use the exponential moving average. The exponential moving average gives less weight to earlier prices and more weight to recent prices, therefore, it reflects better the current market sentiment. We use two or three moving averages depending on the market. Sometimes we use 90 minutes, 55 minutes and 25 minutes moving average and other time we use 90 minutes and 21 minutes moving average. In the example shown below, we use the 90 minutes (gold line) and 21 minutes (blue/green line) moving averages.

When moving averages cross, it is usually an indicator that the trend may have reversed. Usually, this is watched keenly.

In the figure below, PredicTrader™ detected moving averages crossing up at 14:20 and bought at a price of 2578.00 for a gain of 5 points. Watchful members would take the same position as PT did.

Fig.3 Moving averages crossing up indicated to buy

In the figure below, The price went up beyond the 5 points threshold for a win.

Fig.4 Moving Averages Crossing position won. The price went up beyond the 5 points threshold for a win

Taking Position after a Gap

A price gap is when the price at the end of a time frame is different from the price at the start of the consequent time frame. Usually, when there is a price gap it indicates a strong momentum in the same trend direction. This signal is very difficult to time manually because it happens in an instant - the end of a one-time frame is equal to the beginning of the consequent time frame (it is the same time). PT, being faster than humans can catch all trend reversal easily.

In the figure below, PredicTrader™ saw a gap down after price dropped and immediately took a sell position.

Fig.5 Sell after a gap.

In the figure below, PredicTrader™ saw a gap down after price dropped and immediately took a sell position.

Fig.6 Winning position after a gap down

Sell Signal after a retracement

Retracement (also known as pullback) is when the general price movement is in one direction and then reverse for a short period (a few time frames) and then continues in the direction it was in before. PredicTrader™ will sell on a retracement when the trend is down and will buy on a retracement when the trend is up.

In the figure below PT detected a pull back on a downtrend and entered a sell.

Fig.7 Selling after a pull back on a downtrend

Fig.8 Short (sell) was won

Learn from PredicTrader™’s Characteristics

PredicTrader™ is constantly looking for favorable market setups to take positions.

What You Can Learn From PredicTrader™ Properties

  1. PredicTrader™ is capable of taking multiple positions in the same direction at the same time.

  2. PredicTrader™ dynamically uses simple and trailing stops to reduce risk and maximize gains. A simple stop order is an order to sell if the current position is a buy or to buy if the current position is a sell, to get out of position when the market price is going against the entered position. If price reaches the simple stop price, the order is executed at the market price. Market price means "the current price right now". A trailing stop sets the stop price at a fixed amount below (if it is s a long position) or above (if it is a short position) the market price with an attached "trailing" amount. As the market price rises or falls (depending on whether it is a buy or sell), the stop price follows by the trail amount, but if the price reverses, the stop loss price doesn't change, and a market order is submitted when the stop price is hit.

  3. During high volatility times – like at the opening bell, PT suspends actions. PT closes all open positions 30 seconds before the market closes for the day. PT has preset daily risk limits. PT will suspend trading for the day if this risk limit is breached.

  4. Taking a position on all probable good setups when the limit has not been reached.

  5. Setting it and forgetting it. (You don’t have to do anything once you in a position).

  6. Dynamically changing you positions direction depending on the volatility of the market.

  7. Not taking any position during market peak volatile time periods like the opening bell.

  8. Limiting daily risk to protect your capital.

  9. Dynamically switching from simple stops to trailing stops, and vice versa depending on market condition.

  10. Dynamically adjusting the risk-reward ratio depending on market range(the highest and lowest price differential).

  11. Closing all positions just before the market closes.

How to Follow PredicTrader™’s Actions

To protect the privileges of members who will subscribe to premium packages membership, during the ICO period, only S&P 500 Emini market will be shown. Aspiring members of the Fintechbit trading education group will be able to see PT trading screen in real time by clicking on the menu link “live market” on the website http://finitechbit.io. After the ICO members will be able to watch and learn how to manage, only the markets subscribed to. When a position setup is developing, five minutes before the end of the current price bar, PT will print a notice on the screen being watched, “Be ready to buy” or “Be ready to sell”. If the position setup fails PT will alert members by printing on the screen that possible position failed. Otherwise, at end of 5 minutes, PT will print that “Buy at market now” or” Sell at market now” depending on the signal.

Why​ ​Issue​ ​a​ ​Token

The​ ​Fintechbit​ ​team​ ​has​ ​a​ ​token​ ​that​ ​is​ ​accessible​ ​to​ ​anyone​ ​in​ ​the​ ​world​ ​that​ ​has​ ​a computer​ ​and​ ​internet​ ​connection.​ ​You​ ​become​ ​an​ ​exclusive​ ​member​ ​by​ ​choosing​ ​the membership​ ​package​ ​that​ ​fits​ ​your​ ​needs.

Fintechbit token is offered on the Waves​ ​Blockchain,​ Bitcoin​ ​transactions​ ​done on the Waves Blockchain are​ ​faster​ ​than​ ​other Blockchains such as Ethereum and Bitcoin.​ ​A​ ​Blockchain​ ​is​ ​an​ ​ingenious​ ​secure,​ ​borderless​ ​&​ ​global​ ​ledger. The​ ​Blockchain​ ​ledger​ ​is​ ​being​ ​adopted​ ​on​ ​grand​ ​scale​ ​by​ ​businesses​ ​and​ ​individuals​ ​across the​ ​planet.​ ​Blockchain​ ​creates​ ​successful​ ​collaboration​ ​towards​ ​common​ ​goals​ ​in​ ​a​ ​trusted environment.

As​ ​Blockchain​ ​is​ ​authenticated​ ​and​ ​checked​ ​by​ ​cryptographic​ ​code,​ ​total​ ​strangers​ ​can continuously​ ​interact​ ​with​ ​each​ ​other​ ​whilst​ ​having​ ​complete​ ​peace​ ​of​ ​mind​ ​because​ ​the transactions​ ​cannot​ ​be​ ​altered.​ ​​ ​A​ ​Blockchain​ ​serves​ ​as​ ​an​ ​open,​ ​distributed​ ​ledger​ ​that​ ​can record​ ​transactions​ ​between​ ​two​ ​parties​ ​efficiently​ ​and​ ​in​ ​a​ ​verifiable​ ​and​ ​permanent​ ​way. A​ ​Blockchain​ ​is​ ​managed​ ​by​ ​a​ ​peer-to-peer​ ​network​ ​collectively​ ​adhering​ ​to​ ​a​ ​protocol​ ​for validating​ ​new​ ​blocks.

The​ ​block​ ​validation​ ​system​ ​ensures​ ​that​ ​nobody​ ​can​ ​tamper​ ​with​ ​the​ ​records.​ ​Rather,​ ​old transactions​ ​are​ ​preserved​ ​forever​ ​and​ ​new​ ​transactions​ ​are​ ​added​ ​to​ ​the​ ​ledger irreversibly.​ ​Anyone​ ​on​ ​the​ ​network​ ​can​ ​check​ ​the​ ​ledger​ ​and​ ​see​ ​the​ ​same​ ​transaction history​ ​as​ ​everyone​ ​else.​ ​So​ ​the​ ​bottom​ ​line​ ​is​ ​your​ ​one​ ​time​ ​membership​ ​in​ ​Fintechbit​ ​group is​ ​permanent​ ​with​ ​no​ ​additional​ ​fees.

Membership Packages

There is a membership package for every need. Membership packages are offered in Fintechbit tokens (FTBT). The price of one FTBT is $0.10. The following is a summary of membership packages.

Membership Packages

Starter

1000 tokens = $100

Watch and follow one market.

Intermediate

2000 tokens = $200

Watch and follow two markets.

Advanced

​5,000 tokens = $500

Watch and follow three markets.

Bronze

​10,000 tokens = $1,000

Watch and follow four markets.

Silver

​20,000 = $2,000

Watch and follow all markets.

Gold

50,000 tokens = $5,000

Watch and follow all markets, and vote which markets to add.

Platinum

100,000 tokens = $10,000

Watch and follow all markets, vote for which markets to add and get a custom PredicTrader™ to trade own market.

Fintechbit Token

Token Sale

FinTechBit​ ​is​ ​issuing​ ​560,000,000​ ​FinTechBit​ ​tokens​ ​(FTBT).​ ​The​ ​price​ of one ​FTBT​ is ​$0.10 ​ ​As​ ​an​ ​added​ ​bonus​ ​during​ ​the​ ​Pre-ICO​,​ ​Fintechbit token​ ​will​ ​be​ ​offered​ with ​a​ ​75% bonus. After​ ​purchasing​ ​each​ ​member​ ​becomes​ ​exclusive,​ ​permanent​ ​and​ ​gains​ ​ immediate​ ​access to​ ​PredicTrader™. The ICO crowdsale will go from January 3, 2018 to December 31, 2018. During this period the bonus sales will be as follows:

  1. January 60%

  2. March 50%

  3. May 40%

  4. July 30%

  5. September 10%

  6. November 5%

The ICO will continue until December 31 2018 or until all tokens are sold. Tokens not sold after December 31, 2018, will be destroy

Token Detail

  1. Asset​ ​ID ​- 7PNrXUgn3BgXFzZxJCZHjsqEgLVSQhPmxXdgV8kh3nLD

  2. Asset​ ​Name ​- Fintechbit

  3. Reissuable ​- false

  4. Amount ​- 560000000

  5. Decimals​ - 8

  6. Description​ - A​ ​utility​ ​token ​ ​of​ ​membership​ ​to​ ​an​ ​exclusive group

  7. Fee - ​1​ ​WAVES

Token ​​Distribution

Tokens ​will​ ​be​ ​distributed to members at the at​ ​the​ ​end​ ​of​ ​our​ ​ICO.​ ​This​ ​is​ ​to​ ​protect​ ​our​ ​members interest. Bounty​ ​participants​ ​will​ ​be​ ​paid​ ​monthly​ ​in​ ​​ ​BTC,​ ​Waves,​ or ​ETH.​ ​We​ ​will​ ​offer​ ​token bonuses​ ​to​ ​high​ ​quality​ ​bounty campaign​ ​participants​ ​towards​ ​the​ ​end​ ​of​ ​our​ ​ICO.

Bounty Program

We​ ​have​ ​a​ ​full​ ​bounty​ ​program​ ​planned​ ​with​ ​a​ ​few​ ​unique​ ​features​ ​added.​ ​Fintechbit​ ​will pay​ ​​bounty​ ​participants​ ​on a biweekly basis, with​ ​​​popular​ ​cryptocurrencies.​ ​​Check​ ​the​ ​Fintechbit​ ​bounty​ ​Telegram​ ​for more​ ​info​ ​on​ ​bounties. https://t.me/joinchat/EHWklhHVXPGhmQhFl3O33Q

Bounty Payouts Explained

Our success is your success. So many great projects and profitable ventures have been born right here in this forum.

These projects owe a great deal of their success to the members of this forum that join their bounty programs and spread their name to every corner of the internet.

We don’t want to follow suit with the ever-so-popular token payouts to our participants. We are going to instead pay those participating in our bounties with a percentage of the proceeds raised each month.

In the unlikely event that we raise zero in any month, you will be paid in Fintechbit tokens at the end of the ICO. Each month is its own pay cycle and ends on the 30th day of each month. There is no cap on the amount participants can earn. However, to protect participant’s interest there will be a minimum amount set. If this is not met then we will make up for the difference with Fintechbit tokens at the end of the ICO.

Bounty Pool Disbursement

The bounty pool will be 4% of the proceeds each month and will be dispersed according to the list below.

(ex. based on 200,000 month... 4% * 200,000 = 8,000 placed in bounty pool)

The first month we will allocate 100% of the bounty pool to the signature campaign. Spots are limited.

The rest of the bounty campaigns will begin 01/01/2018 You may apply until then.

  1. Signature Bounty:​ 25% of bounty pool - 100% of bounty pool for Dec. 2017

  2. Facebook Bounty: ​ 15% of bounty pool

  3. Blog/YouTube Bounty:​ 15% of bounty pool

  4. Translation Bounty:​ 20% of bounty pool

  5. Twitter Bounty:​ 15% of bounty pool

  6. Creative Bounty:​ 10% of bounty pool

Frequently Asked Questions.

What​ ​blockchain​ ​will​ ​Fintechbit​ ​be​ ​launched​ ​on?​

Waves.

What​ ​is​ ​an​ ​ICO?​

ICO​ ​stands​ ​for​ ​“Initial​ ​Coin​ ​Offering”​ ​and​ ​it​ ​is​ ​a​ ​means​ ​of​ ​raising​ ​capital​ ​through​ ​a​ ​crowdfunding campaign​ ​by​ ​distributing​ ​token s​ ​to​ ​the​ ​contributors.​ ​A​ ​digital​ ​asset​ ​or​ ​token ​ ​is​ ​issued​ ​for​ ​a​ ​specific purpose​ ​with​ ​platform​ ​utility​ ​in​ ​mind.​ ​After​ ​the​ ​ICO​ ​process​ ​is​ ​done,​ ​the​ ​token s​ ​may​ ​be​ ​used​ ​in​ ​a platform​ ​or​ ​traded​ ​on​ ​crypto-exchanges,​ ​with​ ​market​ ​supply​ ​and​ ​demand​ ​deciding​ ​on​ ​its​ ​fair​ ​value.

How​ ​will​ ​I​ ​receive​ ​the​ ​Fintechbit​ ​Token ​ ​after​ ​I​ ​send​ ​my​ ​contribution?

You​ ​will​ ​need​ ​to​ ​have​ ​a​ ​Waves​ ​wallet​ ​to​ ​receive​ ​your​ ​Fintechbit​ ​token s.​ ​Your​ ​contribution​ ​will​ ​be saved​ ​in​ ​our​ ​system​ ​and​ ​of​ ​course,​ ​the​ ​blockchain​ ​where​ ​our​ ​system​ ​will​ ​find​ ​and​ ​payout​ ​all​ ​the contributors​ ​at​ ​the​ ​end​ ​of​ ​the​ ​ICO.

What​ ​exchanges​ ​are​ ​going​ ​to​ ​list​ ​Fintechbit​ ​tokens?

At​ ​the​ ​conclusion​ ​of​ ​the​ ​ICO​ ​we​ ​will​ ​update​ ​members​ ​as​ ​to​ ​which​ ​exchanges​ ​we​ ​will​ ​be​ ​listed​ ​on.

Why​ ​did​ ​you​ ​decide​ ​to​ ​integrate​ ​with​ ​the​ ​Waves​ ​platform​ ​to​ ​conduct​ ​the​ ​ICO, rather​ ​than​ ​Ethereum?​

Fintechbit​ ​runs​ ​on​ ​the​ ​Waves​ ​blockchain​ ​in​ ​order​ ​to​ ​guarantee​ ​the​ ​user​ ​friendliness​ ​and​ ​stability​ ​we desired​ ​for​ ​this​ ​kind​ ​of​ ​operation.​ ​Having​ ​newbies​ ​to​ ​crypto​ ​in​ ​mind,​ ​the​ ​learning​ ​curve​ ​with​ ​Waves is​ ​much​ ​smaller​ ​than​ ​with​ ​Ethereum.

Do​ ​I​ ​need​ ​a​ ​Waves​ ​Wallet?​

Absolutely.​ ​Visit​ ​​https://wavesplatform.com/product​​ ​to​ ​download​ ​the​ ​Waves​ ​Client​ ​Lite.​ ​Beware​ ​of phishing​ ​sites.​ ​Always​ ​double​ ​check​ ​the​ ​URL.

Is​ ​there​ ​a​ ​minimum​ ​purchase?

No.​ ​There​ ​are,​ ​however,​ ​minimums​ ​set​ ​in​ ​place​ ​in​ ​regards​ ​to​ ​individual​ ​blockchains.​ ​Since​ ​Waves communicates​ ​with​ ​multiple​ ​blockchains​ ​you​ ​need​ ​to​ ​make​ ​sure​ ​you​ ​send​ ​their​ ​required​ ​amount.

Where​ ​is Fintechbit​ ​located​, ​and​ ​what​ ​is​ ​the ​legal​ ​structure?

Fintechbit​ Co ​is​ ​incorporated​ ​in​ ​USA,​ ​with​ ​our​ ​entire​ ​team​ ​and​ ​operations​ ​being​ ​based​ ​in​ ​Las​ ​Vegas, Nevada, USA. ​Nevada is one of the first states in the US that have passed laws that protect tokens and ​cryptocurrency​ ​transactions ​(NV​ ​SB-398).​ ​We​ ​have​ ​advisors​ ​and collaborators​ ​from​ ​all​ ​over​ ​the​ ​world​.​ ​We​ ​aim​ ​to​ ​be​ ​in​ ​total​ ​compliance​ ​with​ ​current​ ​laws both​ ​Federal​ ​and​ ​State.

DISCLAIMER

The​ ​purpose​ ​of​ ​this​ ​white​ ​paper​ ​is​ ​to​ ​introduce​ ​the​ ​reader​ ​to​ ​a​ ​​ ​group​ ​membership.​ ​This white​ ​paper​ ​is​ ​created​ ​for​ ​information​ ​purposes​ ​only.​ ​Fintechbit​ ​makes​ ​no​ ​representations or​ ​warranties,​ ​and​ ​disclaims​ ​all​ ​liability​ ​arising​ ​from​ ​the​ ​information​ ​shared​ ​in​ ​this​ ​white paper.​ ​Blockchain-related​ ​technologies​ ​are​ ​subject​ ​to​ ​regulatory​ ​supervision​ ​by​ ​various governmental​ ​agencies.​ ​They​ ​are​ ​illegal​ ​in​ ​several​ ​countries.​ ​Before​ ​you​ ​participate​ ​in​ ​our ICO,​ ​please​ ​ensure​ ​that​ ​you​ ​understand​ ​the​ ​regulatory​ ​system​ ​in​ ​your​ ​country.​ ​We​ ​will​ ​not be​ ​held​ ​liable​ ​for​ ​any​ ​eventuality​ ​that​ ​arises.​ ​Fintechbit​ ​tokens​ ​are​ ​utility​ ​tokens.​ ​Due​ ​to unforeseen​ ​circumstances,​ ​the​ ​objectives​ ​set​ ​forth​ ​in​ ​this​ ​document​ ​may​ ​be​ ​amended. Before making any purchases of memberships from Fintechbit you must first read and agree to our Terms and Conditions posted at Fintechbit.io.

https://www.fintechbit.io