FinTelegram News has been operating as a financial intelligence services provider and whistleblower platform operator 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 transform FinTelegram into a decentralized company with a distributed ownership structure. We do this by tokenizing the company shares and let our whistleblowers and partners become owners.
Distributing ownership interest
FinTelegram wants whistleblowers and partners to participate in the success of the project and have a say. For the sustainable development of a functioning whistleblower community, FinTelegram is setting up a whistleblower reward pool, which will initially be filled with the F42 token.
The F42 tokens represent the shares of FinTelegram Investors Protection Ltd (the “Company” see Issuer information below). With the tokenization of the shares, all rights associated with the shares are transferred to the F42 tokens. In this respect, the F42 Tokens are proxies for the Shares. In addition, the F42 token holders can vote on the creation and publication of reports. One F42 token represents one share.
The F42 tokens work as a sort of employee stock ownership plan, giving whistleblowers and partners ownership interest in FinTelegram.
Tokens for Reward
Through the tokenization of the shares and the subsequent token distribution, the private FinTelegram Investors Protection Ltd will be transformed into a public company with a global community of owners. 30% of the issued F42 tokens will be made available for our Whistleblower Reward Program.
The token is currently a private, not publicly listed or traded, token implemented on the Binance Smart Chain as a BEP20 token with the name FinTok and the symbol F42. The Company has plans to list the F42 token on one or more crypto exchanges to enable a secondary market for the F42 token trading.
Trading F42 tokens
The F42 token is currently implemented as a BEP20 token on the Binance Smart Contract Blockchain a/k/a Binance Smart Chain (BSC). We plan to implement the F42 token also on the Ethereum blockchain. Ethereum and BSC are the by far leading platforms for the implementation of decentralized applications. FinTelegram plans to leverage the capabilities of BSC to become a decentralized platform for whistleblowers and financial intelligence.
F42 tokens are to be tradable in the BSC and Ethererum environment via Decentralized Exchanges (DEX) shortly. For this purpose, corresponding liquidity pools are to be established through which F42 token holders can sell and trade their tokens in an over-the-counter (OTC) approach.
In addition, a public listing of the F42 token on central exchanges (CEX) such as Binance is targeted for late 2021 or early 2022.
Trading the F42 Token is an opportunity for whistleblowers, sponsors, and contributors to monetize their support for FinTelegram.