Finschia (FNSA) was rebranded from LINK (LN), a blockchain developed by the global messenger app company, LINE Corp. It aims to establish a blockchain platform and token economy that is accessible to everyday consumers. As mentioned in their official whitepaper, Finschia (FNSA) serves as the central currency on LINE Blockchain, connecting and collaborating with users not just in LINE, but from other fields.

The Finschia ecosystem consists of their general-purpose coin, FNSA, which claims to be easily used by anyone in their daily life. With this goal in mind, LINE Corp aims to bring Web3 to more users around the world.

Who Are the Founders of FINSCHIA (FNSA)?

The Finschia (FNSA) token and its Finschia blockchain are both products of Line Corporation, a Tokyo-based subsidiary owned by Softbank Group and Naver Corporation. Primarily, their business involves developing notable mobile apps as well as other internet services, most significantly being the popular mobile messaging app ‘Line.’

What Makes FINSCHIA (FNSA) Unique?

By compensating individuals who benefit the ecosystem and add value, the Finschia establishes a framework in which participants and the ecosystem can develop together. The quantity of wallet addresses and FINSCHIA payments will serve as the foundation for value in the Finschia and create the “Internet of value.”

The Finschia Ecosystem prevents imbalanced monetary expansion by not distributing tokens before ensuring demand. Based on the network and the quantity of FINSCHIA used (staking and payment), Finschia sets and advances the FINSCHIA issuance and distribution policy.

People from all around the world can participate in the Finschia Ecosystem and receive the value and reward by making contributions online without having to invest any money up front. Regardless of their nationality, capital, or chosen service’s time zone, everyone in the Finschia Ecosystem can gain FNSA as a reward by staking or making payments with FNSA.

How Many FINSCHIA (FNSA) Coins Are There in Circulation?

Based on the inflation mechanism included into the chain by default, FNSA can be issued up to a total of 1 billion tokens within the maximum issuance limit. According to the whitepaper, for a stable settlement of the token economy 2.0, the initial inflation rate starts at 15% and the target staking rate is 5% level over time.

\ At the time of writing, the circulating supply of FNSA is 6,769,046.

How Is the FINSCHIA (FNSA) Network Secured?

Finschia is secured by a new blockchain consensus engine called Ostracon. The Ostracon consensus engine is based on a combination of Delegated Proof of Stake (DPoS) and Tendermint-BFT, which is a modification of the Practical Byzantine Fault Tolerance (PBFT) algorithm.

Where Can You Buy FINSCHIA (FNSA)?

Finschia (FNSA) can be purchased on various centralized exchanges such as Bitthumb, Huobi, Bittrex and Gate.io.

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