AMA Recap: CRYPTO MINERS X FINTOCH

CRYPTO MINERS
10 min readDec 4, 2022

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Fintoch is an innovative blockchain financial platform built by Morgan DF Fintoch, a Silicon Valley company from America. It is dedicated to breaking through the dilemma of traditional finance and making up for the shortcomings brought by decentralization. Fintoch provides diversified financial services such as lending, investment, and borrowing. In order to achieve truly decentralized transactions, Fintoch has developed a blockchain technology that combines multiple signatures and zero-knowledge proof called “HyBriid”, which greatly promotes the development of blockchain security technology. Fintoch is a P2P blockchain financial platform. Provide a variety of financial services, including loans and fund investments.

We hosted an AMA session with Fintoch on 3rd December.

Mr. Ramsy was the host from Crypto Miners and Mr. Bob Lambert, CEO of Fintoch was the guest. He shared delightful knowledge and unique features of Fintoch with our community.
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Segment 1️⃣: Introduction

Ramsy | Crypto Miners:
Hello everyone 👋 Welcome to Our Another AMA session With FINTOCH

To help us learn more about FINTOCH, We are lucky to be joined by Mr. Bob

Hey

Bob:
nice to e-meet all of you

Ramsy | Crypto Miners:
You too 🤝

Thanks for joining with us today ❤️

Bob:
you are welcome

Ramsy | Crypto Miners:
First of all Could you please introduce a little bit about yourself, your team and your project?

Bob:
I am Bob Lambert, a graduate of Stanford University and CEO of Morgan DF Fintoch. In the year 2019, I founded DF Technologies with my friends William, Bruce, Alvin and others with the ambition to build a financial public chain that will be benefited the human community. We first developed the new HyBriid security technology, subsequently created the prototype of Fintoch, and have continuously invested in the development of Fintoch and financial public chains. We have been insisting to focus on the innovation of blockchain finance and promote the development of blockchain finance.

Ramsy | Crypto Miners:
Now Let’s Talk About Fintoch…

What is Fintoch? What are the advantages and features of Fintoch?

Bob:
Fintoch is a decentralized financial platform that safeguards user funds based on the core blockchain technology called HyBriid. HyBriid has integrated “Multi-Signature” and “Zero-Knowledge Proof” technology, which enables borrowers, platforms and supervisory nodes to supervise and authorize the use of funds mutually via the Multi-Signature Technology. It also combined with Zero-Knowledge Proof technology to prevent any private collusion between borrowers and supervisory nodes, which will effectively lower the users’ investment risk nearly to zero. Furthermore, Fintoch is jointly supervised by multiple anonymous supervisory nodes, and once the liquidation conditions are reached, the contract will be automatically stopped and liquidated assets, which truly solves the security pain points of DeFi transactions.

Ramsy | Crypto Miners:
Thanks Bob for this well start about Fintoch

So What is HyBriid?

Bob:
HyBriid is a blockchain security technology built by Fintoch. HyBriid is not only a smart contract but also incorporates Multiple Signatures, Zero-Knowledge Proof and many other technologies. When a user wants to borrow money in Fintoch, HyBriid will randomly select 10 nodes from 100 supervisory nodes and use the Zero-Knowledge Proof cryptography to jointly generate a supervisory private key. The Multi-Signature Technology allows the regulatory private key, the borrower, and the platform to create a multi-signature lending contract wallet. This wallet will require two out of three parties to provide private key authorization in order for the said funds to be called. These three parties namely refer to the borrower, the platform, and the supervisory node, and all three parties are required to comply with the agreement to utilize the funds.

According to the rules of the protocol, assuming that there is a possibility of fraud, it requires that all 10 supervisory nodes collude with each other and the borrower to make it happen and the probability of which is close to zero. Therefore, joint fraud is not possible to happen.

Ramsy | Crypto Miners:
That’s cool

Now Could you please briefly introduce the top milestones that you have achieved so far and also share with us your roadmap?

Bob:
Fintoch achieves truly decentralized supervision through HyBriid, and is able to stop losses automatically once the liquidation conditions are met in order to ensure that there is no risk of loss of investors’ funds. Fintoch maximizes the safety of both borrowers’ and lenders’ funds via its HyBriid technology and at the same time advances the development of security technology as it also takes the security of blockchain transactions to the next level.

Fintoch has achieved a milestone by winning the DeFi Technology Contribution of the Year Award at the 2021 Pan American Blockchain Finance Summit. In September 2022, Fintoch has established a global community service centre and held various community meetings and market launch conferences in different countries. In the future, we will also establish a DAO organization to expand globally, so that users can participate more directly in the company’s business planning. In November 2022, Fintoch’s financial public chain will also go live on the roadshow, hoping to let people around the world know that technology is changing our lives, and we are changing the world with technology. In the future, we are looking forward to ringing the bell and going listed in NASDAQ!

Ramsy | Crypto Miners:
Wow, So many great achievements 👏

And are there any plans or moves in the near future?

Bob:
Well, Fintoch will set up a special foundation this month, and our “Prodigy Program Hackathon (Talent Pool Program)” aims to nurture blockchain technology talent to enhance the security foundation of DeFi transactions, so that both DeFi industry and Fintoch can have a more secure and stable trading environment in the future. We hope to empower talents to continue making substantial contributions to the future of decentralized finance.

Ramsy | Crypto Miners:
We heard that you previously mentioned about public chain. Do you mind giving us a brief overview of Fintoch’s public chain?

Bob:
Sure, no problem! Fintoch’s financial public chain consists of two main features: cross-chain and payment. It is designed to solve the flaws of traditional finance through blockchain security technology. It will link the important capital of Wall Street, connect users and institutions around the world and solve their capital problems through Fintoch leveraged lending platform. It will eventually create a blockchain banking ecosystem and set a new financial benchmark.

Our financial public chain is expected to start internal testing at the end of this year when it will be opened to community users to participate in the six-month internal testing of the public chain. This will not only allow them to be the first to experience the features of the Fintoch financial public chain but also to stand firm in the future wave of the crypto world. It is expected that Fintoch Financial Public Chain will be officially launched globally in June 2023.

Ramsy | Crypto Miners:
It feels like Fintoch is going to bring a huge impact and reform to the financial sector 👌

Can you tell us about Fintoch’s vision and mission?

Bob:
With the development of the financial industry, blockchain finance has become a future trend. But blockchain finance needs a secure and reliable technology to safeguard the rights and interests of investors. Fintoch ensures the security of blockchain finance through its HyBriid technology and also promotes the further development of the DeFi industry. We enable users to freely and safely make peer-to-peer financial investments through the integration and breakthrough of several technologies.

Whereby in the future, we will continue to link both online and offline economies to achieve virtual and reality integration. Through negotiation with the important capital on Wall Street and the establishment of Fintoch Blockchain Banking Ecosystem, it will be able to assist third-world countries to achieve economic advancement.

Ramsy | Crypto Miners:
In fact, after listening for so long, I feel that the technology of Fintoch project is very complicated…

So Is it easy to operate for those of us who are less technically savvy?

Bob:
Fintoch is actually a very simple and user-friendly financial platform in terms of operating experience. It is easy to follow the guidelines to complete the lending operation with just a few clicks. Even a novice can easily get started and the Fintoch multi-chain wallet and DAPP developed by our team make it more convenient for customers to choose different platforms to invest and manage their money, bringing a more efficient, convenient and secure user experience.

Ramsy | Crypto Miners:
Thank you so much Bob for bringing a lot of new and interesting knowledge today

Lastly Is there anything else you would like to add or emphasize to our users in particular before we end our this segment?

Bob:
Fintoch can be called as DeFi 2.0 precisely due to the fact that the HyBriid technology makes a new breakthrough in the security of the DeFi industry and gives a great assurance of the safety of funds in blockchain transactions. Borrowing money in Fintoch is automatically cleared by smart contracts and there is no risk of loss or theft, etc.

In the future, Fintoch’s financial public chain will expand its influence on the basis of cross-chain and payment to make the global financial environment more mature. We believe that an ideal financial environment will nurture more innovation and accelerate the progress of society. Thanks to all Fintoch users, we will exceedingly succeed in the future!

Ramsy | Crypto Miners:
That’s the wrap up of our the first part of the AMA session ✅

Let’s now proceed to our Twitter Questions section

i hope you’re ready for that!!

Bob:
I am ready

Ramsy | Crypto Miners:
So Let’s Roll…

Segment 2️⃣: Twitter Questions

1.Marketing is a central element for every project, so that everyone knows the potential that a project can bring is vital to achieve the goals set. What is your strategy to attract new users and investors to “#DFintoch” project and keep them long term?

Bob:
Firstly, it will be the positioning of our project; Fintoch is a peer-to-peer leveraged lending platform and there are no such projects in the DeFi area that realize leveraged lending at this moment. Secondly, our platform has a clear roadmap for project planning. At the same time, we will establish a global DAO organization community, so that users can participate in the operation planning of the platform and through this way, users can grow together with the platform in the long term.

Ramsy | Crypto Miners:
2.What are your advantages over other projects?Is it from a security standpoint or is it the technology you’re using?What are the other benefits of your “#DFintoch” project?Do you believe that your project is worth choosing?

Bob:
Fintoch is a decentralized financial platform and our core strength is to safeguard users’ funds through HyBriid technology. HyBriid incorporates smart contracts, Multiple Signatures, Zero Knowledge Proof and many other technologies. Among them, the multi-signature technology realizes three parties namely the borrower, the platform, and the supervisory nodes to supervise the authorized signature to mutually use the funds. The Zero-Knowledge Proof technology makes it impossible for the supervisory nodes to jointly commit fraud and smart contracts are used to complete the automatic liquidation of borrowing funds. The Fintoch platform also helps borrowers to use a small amount of margin to borrow more money, enabling leveraged lending.

The borrowed funds can then be taken to the DEX to add liquidity or traded to earn more, while also allowing for higher utilization of capital in the DeFi ecosystem.

Ramsy | Crypto Miners:
3.What is your top priority for 2022? Can you and your team members share a bit about the strategy that your “#DFintoch” project to the will implement in the near future? What makes the team feel confident to win in the long run?!

Bob:
In year 2022, the most important thing for us is the internal test launch of Fintoch Financial Public Chain Community. Soon, we will start a global Fintoch public chain roadshow to let more users know about our financial public chain. The Fintoch public chain is naturally supporting cross-chain, payment and other basic functions, and in the future, the Fintoch public chain will establish a decentralized financial ecosystem.

Ramsy | Crypto Miners:
4.There are two things that interest me and intrigue me about a project, the first is “team expansion”. The second is the “marketing strategy and adoption plan.” Can you give us more details on these two aspects of #DFintoch? In which work areas do you plan to expand?

Bob:
The first question is regarding the team expansion. We have started a Hackathon Campaign this month to establish a special foundation to train blockchain technical talents and add to our team. For the second question, we are cooperating with professional crypto field media to help us develop our operation plan. At the same time, we will recruit more excellent operation talents, and with the joint participation of DAO organizations in the community, we can definitely make the operation of the project a success.

Ramsy | Crypto Miners:
Now Let’s hear our last question from Twitter

5.To SURVIVE in tough crypto market conditions is difficult, and we see that many projects are far from the targets. What is Your project strategy to survive in this long blockchain marathon?

Bob:
In the current market conditions, the rule of survival in a bear market is to secure the growth capacity of the project rather than stepping on the industry trend to take off. Therefore, Fintoch’s core focus at this stage is to make the security aspect of the peer-to-peer lending platform better and deliver good platform services. Regardless of the bull or bear market, there will always be users in the DeFi sector who need funding. What Fintoch can do is enable users to use a small amount of money to borrow more money to invest in the DeFi sector, so that the platform gets the revenue from the lending margin to generate continuous growth. In this way, we can survive all the way through this long blockchain marathon.

*This segment ends here*

Ramsy | Crypto Miners:
That’s the wind up of our twitter segment

Thanks Bob Lambert very much for your sharing , which gave us a deeper understanding of Fintoch. I believe that the Fintoch team in 2022&2023 will bring a different cryptocurrency experience to all of us! ❤️

Bob:
Thank you Ramsy, Thank you @CryptoMiners_Co , Thank you all.

Ramsy | Crypto Miners:
Time To Conclude Our AMA Session

Bob:
thank you all!!

Ramsy | Crypto Miners:
Have a nice day mate 🤝

Community, If you would like to learn more about FINTOCH, here are some useful links for you:

Website: https://www.fintoch.com/
Twitter: https://twitter.com/DFintoch
Telegram: https://t.me/FINTOCH
Medium: https://medium.com/@fintoch0101
Facebook: https://m.facebook.com/profile.php?id=100080618897044

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CRYPTO MINERS

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