Finnoq is a decentralized protocol for crowdsourced advice on financial products, instruments and services.
The journey starts in early fall 2018!
Our partners and backers
Good cop, bad cop? The financial advisor
April 19, 2018
Trust vs. Advisory
April 19, 2018
The phenomenon behind: Many minds decide better than one
April 18, 2018
Today, there are huge players like banks and rating agencies in the financial industry. When such big, centralized organizations give their opinion or evaluation on financial products, they have the ability to control and manipulate the behaviour of the entire market.
An opinion is basically subjective, reflecting the personal view of a given reality. Thus, it can be very dangerous to trust anybody personal opinion blindly.
Wrong Incentive Models
The proper incentive structure for a truly objective opinion is an issue worth tackling. Especially within the context of selling financial products, opinions can be distorted by monetary incentives.
HOW FINNOQ WORKS?
The Finnoq protocol is a solution for opinions and decisions within financial markets. Finnoq creates an open source protocol for crowdsourced advice where developers have access to the Finnoq Core and can build applications on top of it.
Build apps on Finnoq Core
Every developer can build an application on top of the Finnoq Core. The developer will be able to choose modules from the service layer. A module can be a collection of parameters or a template for rating different financial products. A module is essentially an extended functionality of the Finnoq Core. Basically a module is the bridge between the Finnoq Core and the applications. The modules can be easily used via application programming interface, API.
Ecosystem fund 15%
Partnership fund 7%
Reserve fund 5%
Future team fund 5%
Advisor & long-term mentors 5%
Our next stops
Founding of FINNOQ GmbH
Joined Tech2b Incubator
Seed Round OÖ Gründerfonds
Accepted to Business2Excellence
Launched the first finnoq platform
Planned the first development of the finnoq protocol
Rebranding and redesign of Finnoq
Finnoq Core goes live on Mainnet
Release of the first modules in the service layer
Start the ecosystem fund
Establish a Foundation for the finnoq protocol
Release “Tokenised Asset Rating” as the first application on finnoq core
All data will be stored decentralised; every user gets rewards for the data
Our team includes professionals in cryptoeconomics, marketing, development and business operations.
Florian KöglCEO & FOUNDER
Georg FelberCOO & FOUNDER
Patricia WenigwieserPR & COMMUNICATION
Julia MittermayrBUSINESS ANALYST
We have a broad network of experienced advisors supporting our project.
Jürgen HöbarthSERIAL ENTREPRENEUR, FOUNDER Tokenization. limited
Chris MiessFORMER CFO TenX, CEO & FOUNDER ICONIC Capital
JEAN-LAURENT WOTTONGOOGLE ALUMNI, FORMER CMO BADOO
MATTHIAS TARASIEWICZBOARD CHAIR OF RIAT
MAX TERTINEGGCEO & CO-FOUNDER COINFINITY
MICHAEL KAISERCEO & CO-FOUNDER BLOCKLANCER
MICHAEL PETRITZTAX PARTNER, KPMG
OLIVER STAUBERATTORNEY, JAROLIM & PARTNER