FOIN is going to be listed on LBank

FOIN is a cryptocurrency that aims to bridge the gap between financial service providers and individual investors, at a global scale. It uses a state-of-the-art consensus algorithm which has been industry-proven to be future proof, Proof of Stake. This enables coin holders to participate in the staking process, receiving between 1.16-12% per annum of their staking capital (current data points to a 5-6% range), guaranteed by the blockchain. Furthermore, by developing an ecosystem revolving around fintech and FOIN, the coin owners will have the ability to opt-in to investment opportunities, according to their risk profiles. The development and investments in the FOIN ecosystem along with an innovative marketing strategy will inevitably increase the coin value on the partner exchanges, resulting in a wealth increase for all FOIN cryptocurrency owners.
From a technological point of view, the FOIN network uses the PoS (Proof of Stake) mathematical model to reach network consensus. Proof of Stake is a novel consensus mechanism for cryptocurrencies that is an alternative to PoW (Proof of Work), which is the most widely used consensus mechanism implemented in Bitcoin, Ethereum and the majority of cryptocurrencies. From a technical point of view, FOIN is a hybrid cryptocurrency, meaning it uses Proof of Work for the initial distribution of coins (which is what the majority of cryptocurrencies use) but then switches to fully Proof of Stake to provide the network security. Under this hybrid design, after the initial mining using Proof of Work is complete, the Proof of Work consensus mechanism is irrelevant for the long run. From the user's point of view, Proof of Stake is the only consensus mechanism available, thus providing a more secure, environmentally friendly and more cost-competitive peer to peer cryptocurrency. In FOIN, Proof of Stake is the core consensus mechanism used to settle transactions.
LBank, global leading crypto asset exchange, is glad to list FOIN/BTC trading pair at the specific time below:
Deposit Start Time : 18:00 on April 9, 2020 (UTC+8)

Trading Start Time :  18:00 on April 10, 2020 (UTC+8)
Trading Competition & Airdrop: 04.10 18:00 – 04.15 18:00 (UTC+8)
About FOIN
Consensus Algorithm: State-of-the-Art
Token’s Official Website:
FOIN – The decentralized peer to peer cryptocurrency for the finance sector
The FOIN cryptocurrency, the cryptocurrency for the finance sector, uses a hybrid of PoS (Proof of Stake) / PoW (Proof of Work) consensus algorithm. The proof of work algorithm is used for the initial distribution of wealth and now relies solely on proof of stake. Therefore, we shall consider that the FOIN network is secured by a more secure Proof of Stake algorithm, since this is the algorithm the great majority of the coin owners will use. FOIN is among the only cryptocurrencies that uses the unmodified proof of stake approach, according to which the user’s stake is computed as his share of total coin supply.
Because the FOIN cryptocurrency will address individual investors, it will act as the de-facto cryptocurrency connecting them to various financial services around the globe. To begin with, the built-in mechanism of value increase made possible by the Proof of Stake consensus algorithm will offer returns on their investment guaranteed by the blockchain technology. The theoretical minimum is 1.168% per annum, the best-case scenario is around 11-12%, but using staking data from other PoS cryptocurrencies, the real-world ROI is expected to hover around 5-6% per annum. Furthermore, coin holders will have the ability to opt-in to invest their coins into financial service providers who have registered beforehand to become part of the FOIN ecosystem. Coin owners will be screened by an A.I. risk-assessment module, also part of the FOIN ecosystem, which will output a risk profile and recommend zero or more financial service providers within the ecosystem. With the rising pool of participants in FOIN, this will create an incentive for financial service providers to join the FOIN ecosystem. Because of the liquidity of the FOIN network, it is expected to generate interest to both well-established financial service providers, as well as to other startups in the blockchain - fintech region as well.
About LBank
Established in October 2016, LBank is the world class digital asset exchange. LBank provides secure, professional and convenient digital asset exchange services. LBank also has advanced investment services and staking services.
LBank has a team of nearly 300 elite employees with years of experice in the field of blockchain. The top team are consisting of private equity investment experts from traditional financial institutions, tech titans Fortune Global 500 tech companies, and top researcher graduated from top tier universities.
LBank is committed to create the most professional digital asset trading platform. To enrich our user experience, LBank launched the ETF trading board. Leverage ETF is a perpetual product that there‘s no settlement day. Investors can trade leveraged ETF on LBank with the same process of spot trading. There is no margin required, so no liquidation problem. Take purchasing BTC3L (3x long of BTC) as an example. Users only need to check the net value, select the proper price, and enter purchase quantity to buy BTC3L.
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