LBank AMA Recap with FMC
On 21 May we held an AMA with the FIDOMETA team, hosted on LBank official telegram channel. If you missed this telegram session, here’s another chance to get a full transcript of the AMA event.
INTRODUCTION
Guest
Hi everyone!
I am Balamohan Krishnan , CEO of Fido Groups.
I am an expert in Fintech business covering across, Forex, Payment gateways, trading technologies and Cryptos.
I have an experience of more than 15 years in investment banking, primarily on FOREX division. Worked in Citibank as Vice President in FX division.
FIDOMETA is a project about building the digital infrastructure in crypto space where all traditional businesses can onboard and expand their business into new territories and client base.
The major goal of the project is to bridge the gap between the traditional business and their presence in digital space. The project is focused on leveraging the traditional business into the digital space so that thy businesses are able to reach out wider community in terms of sales, clientele, and new territories.
To achieve this goal, we will need to build a strong financial infrastructure support right from banking services, payment gateways, book maintenance, virtual hiring , training and many more.
The first mission of the project would be building the virtual banking services, a digital banking which caters to all business who get onboarded into Fido Metaverse Eco system.
FIDO means trust in many languages. All our business principles are based on trust. Couldnt find a better name for the company.
QUESTION 1.
Q2: Briefly, can you tell us about what comes in your mind while creating FidoMeta Coin? Seems unique concept though.
GUEST:
FidoMeta is not just a coin.
Its going to be a wider community where investors, business, employment, education and many more to happen.
It will be community across the globe sharing the services and product and helping each other.
FidoMeta is a metaverse which is being built for all the businesses to onboard into the Crypto space. Fido Metaverse will be a global economy for participants from all around the world to participate without any boundary or technology restrictions.
FidoMeta will be an enabler for all the traditional businesses to do more with the help of Crypto technologies. Fido will be constantly improving the ecosystem to simplify the operations of various business and amplify the sales and revenue.
QUESTION2:
What is your business model? What is the revenue Model?
GUEST:
FidoMeta is an ecosystem where all the coin holder is a partner of the ecosystem. FidoMeta has a unique tax system which supports the community distribution, where all the coin holder receives a share of the tax as a benefit of holding the coin. A part of the tax also goes into ecosystem development, which will be used to fund new projects which will add more value to the community holders.
By implementing the unique tax system, the ecosystem is a self sustainable to build itself and share the benefits to the coin holders.
The more the business we onboard, more the transaction happens, more the transaction more the benefit to the coin holders and development to ecosystem.
Every development in ecosystem will attract the more business into the ecosystem and thus resulting in more transactions. This is a cyclic process.
The community distribution helps all the coin holders to make money as and when they just hold the coin.
QUESTION3:
Why should Investors invest in FidoMeta? What’s the latest developments about products & services of FidoMetaCoin?
GUEST:
There are many significant reasons to invest in FidoMeta, Let me quickly give some highlights of the project
1. Stake the token in FidoMeta Wallet and gain 50% returns
2. Deposit in FidoMarkets and start your Forex trading.
3. Pay via FMC and receive Real Estate services with Zontia Infrastructure in India.
4. Receive the community sharing benefit and grow the quantity of the coin.
5. Learn trading courses in the FidoAcademy by paying the fees via FMC.
FMC has utilities before even entering the exchange.
There are many revenue making projects lined up which will be used by the business and create more transactions.
QUESTION 4.
Can you let us know about competitive advantages FidoMetaCoin have over other alike projects?
GUEST:
Fido Meta projects are aligned with needs of traditional business which in turn the necessity of the token will be on an institutional level. The demand of the token will be on higher volumes as the payments and receivables are made for B2B.
Our unique specialty is the usability of the token.
The token can be used to deposit and withdraw into trading accounts of Forex brokerage platforms and wealth management partners.
The tax deduction feature helps the community to grow the investment as well the eco system is self sustained manner to create more community servicing projects.
The following 3 features are our major advantageous points of Fido Meta
1. Community distribution with strong community beneficial tax system
2. Coin Dumping prevention
3. Reusable platform for all the business across the ecosystem
I am happy to list down the projects that would be built
1. FIDOMETA Virtual Central Bank -Fido Banking service solutions
2. Payment gateways
3. Enhancement of Fido Wallet to Swap, and Mini exchange facility
4. Launching of IDO, ICO facilities within Fido Launchpad
5. Forex brokerage deposit and withdrawal gateway.
6. FidoMeta virtual employment
7. Fido Ventures — Sponsoring for new ideas
8. FIDOMETA Wallet App
9. FIDOMETA Precious Metal Markets
10. FIDOMETA Digital Real estates
11. FIDOMETA Ownership Certifications
12. FIDOMETA Virtual University
13. FIDOMETA Advisory Platform
14. FIDOMETA Trading Markets
We believe a token with so many utility will always be successful.
SECOND SECTION
@Royal_Thrash_1992
How does project increase the token’s value, liquidity and utility ? So that it can lead to an increase in token prices ? What is your plan to make your project stable and provide the highest return for investors in the long term ?
Guest :
Great question,
The value of coin increases when the demand of the coin increases.
The demand of the coin increases when there is a need or usage of the coin.
FidoMeta already has utilities such as
Deposit and trade in forex market.
Learn courses from Fido Academy
Avail real estate investment services with Zontia Infrastructure.
Staking with high returns.
The business development team of Fido is tasked with creating utilities for the FMC token.
Hence by developing the necessity of the coin organically we can achieve sustainable price increase in upcoming days.
@Dineshramasamy
How Fido virtual banking is different from centralized banks that we know of?
Guest :
Nice question.
Fido Central bank provides all the infrastructure and working model of a banking service. Anybody who wishes to run a part of their own bank will also be able to run their bank.
@Rubieheinz
How do you plan to spread awareness about your project in different countries where English is not good? Do you have local communities like Vietnam, Indonesia, Thailand, Korea,.. so they can better understand your project?
Guest:
We are in the process of setting up business development offices across every country to help us reach to all countries.
We also encourage our community members to join with us and help us to promote on your locations.
We are also in touch with ambassador programs to familiarize the FMC token on their respective locations
@alonzo_blackburn_1993
@balamohan What is your strongest advantage that you think will make your team leading the market?
Guest:
Wonderful question.
FidoMeta is not here just to lead the market, it will also help the crypto community to grow in terms of education, employment business.
We are ready to help anyone to launch into Crypto space, via our FidoMeta launchpad.
We are growing other crypto projects and we should be benefit of the ecosystem growing.
@nattycute
What is the most ambitious goal of your project? Could share with us any Upcoming Updates?
Guest:
FidoMeta aims to create massive economy which is self sustainable.
We are looking to onboard every individual business across different industries and different sizes and different locations.
Fido Meta should be providing employment for the rightful candidates across the world by the business that we onboard into fido metaverse.
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