An Educational Trading Group
That Will Teach Users To Transact Bitcoin Futures And Other Cryptocurrencies Using A Trading Bot
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.
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 enables 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
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.
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
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, in 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
PredicTrader™ is capable of taking multiple positions in the same direction at the same time.
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.
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.
Taking a position on all probable good setups when the limit has not been reached.
Setting it and forgetting it. (You don’t have to do anything once you in a position).
Dynamically changing you positions direction depending on the volatility of the market.
Not taking any position during market peak volatile time periods like the opening bell.
Limiting daily risk to protect your capital.
Dynamically switching from simple stops to trailing stops, and vice versa depending on market condition.
Dynamically adjusting the risk-reward ratio depending on market range(the highest and lowest price differential).
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
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.
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.
1000 tokens = $100
Watch and follow one market.
2000 tokens = $200
Watch and follow two markets.
5,000 tokens = $500
Watch and follow three markets.
10,000 tokens = $1,000
Watch and follow four markets.
20,000 = $2,000
Watch and follow all markets.
50,000 tokens = $5,000
Watch and follow all markets, and vote which markets to add.
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 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
The ICO will continue until December 31 2018 or until all tokens are sold. Tokens
not sold after December 31, 2018, will be destroy
Asset ID - 7PNrXUgn3BgXFzZxJCZHjsqEgLVSQhPmxXdgV8kh3nLD
Asset Name - Fintechbit
Reissuable - false
Amount - 560000000
Decimals - 8
Description - A utility token of membership to an exclusive group
Fee - 1 WAVES
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.
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
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
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.
Signature Bounty: 25% of bounty pool - 100% of bounty pool for Dec. 2017
Facebook Bounty: 15% of bounty pool
Blog/YouTube Bounty: 15% of bounty pool
Translation Bounty: 20% of bounty pool
Twitter Bounty: 15% of bounty pool
Creative Bounty: 10% of bounty pool
Frequently Asked Questions.
What blockchain will Fintechbit be launched on?
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
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.
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