The F42 Initial Token Placement

F42 token bottom

FinTelegram has the mission to inform and protect investors in the cyberfinance era. Thus it acts in the public interest by fighting cybercrime and financial fraud in a joint effort with our ever-growing whistleblower community. Whistleblowers provide the necessary information for this and are therefore the critical success factor. Therefore, it is only fair to give whistleblowers a stake in FinTelegram’s success and give them a say. The F42 Fund and its token are the means to reward and motivate our whistleblowers.

The F42 tokens, generated via a smart contract on the Binance Smart Chain, represent the shares of FinTelegram Investor Protection Ltd. As proxies for the company’s shares, the F42 tokens embody their rights, such as receiving dividends and the right to vote in shareholder meetings. The central idea of going public with the F42 tokens is to give whistleblowers, sponsors, and partners a stake in FinTelegram and let them participate in the development of a decentralized whistleblower platform. 

The Issuance

The UK-registered FinTelegram Investors Protection Ltd (“Company”) has a share capital of 5 million fully paid shares (Companies House). The Company will issue 50 million F42 tokens backed by its 5 million shares and the value these shares represtent. The intinsic value of an F42 token is calculated by dividing the Enterprise Value (EV) by 50,000,000.

Ten F42 tokens have been created per share. This means that the voting rights over the company are distributed over 50 million tokens. Likewise, dividends are paid evenly across all 50 tokens.

Tokens are distributed to partners and whistleblowers via two approaches:

  • 70% in Initial Token Placement to founders, partners, sponsors, and existing histleblowers.
  • 30% in ongoing Token Placements as “Tokens 4 Reward” for new whistleblower information

Should the company’s share capital be increased in the future, new F42 tokens may or may not be created as well.

The Initial Token Placement

The initial placement of the F42 tokens will be conducted in the period between 1 July to 21 July 2021. In this period, partners and whistlblowers will receive F42 tokens based on their past contributions.

Whistleblowers who have submitted reports in previous years can apply for F42 tokens via the “Request 4 Token” form.

The Ongoing Token Placement

As of July 21, 2021, whistleblowers can earn F42 tokens for submitted reports, whereby FinTelegram reserves the right to determine whether and how many F42 tokens a whistleblower will receive for a report.

Whistleblower Reward Program

In total, 15,000,000 F42 tokens representing 30% of total volume of issued tokens will be alloted to the Whistelblower Reward Program.


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The FinTelegram F42 Token Placement Explained

The F42 token will be issued via our F42 Fund. Starting in July 2021, F42 tokenswill be distributed to FinTelegram supporters, sponsors, and whistleblowers and make them stakeholders. The F42 token placement is not soliciting any funds from investors or consumers. The tokens are issued in exchange for information or support on an ongoing basis. However, institutional investors are offered to opportunity to buy the F42 token in exchange for FIAT or crypto.

FinTelegram’s journey to becoming public and decentralized!

FinTelegram News has been operating as a financial intelligence services provider and whistleblower platform since 2018. A significant part of the information about financial service providers, cybercrime, and scams for the FinTelegram News articles, reports, and research publications is provided by our strong whistleblower community.Now it’s time to go public and let whistleblowers and supporters participate. We go public with our F42 token.

Let’s build a decentralized whistleblower platform

Cyberfinance knows (almost) no national borders. This also applies to cybercrime and scams. Law enforcement agencies, regulators, and courts can only work within their own jurisdictions. Coordination across national borders is difficult and often impossible. This is true even within the European Union. There is a need for private initiatives like FinTelegram, which collect information from whistleblowers across national borders, evaluate it and forward it to the relevant authorities if necessary.


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