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FINSCHIA priceFNSA
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About FINSCHIA (FNSA)
What Is FINSCHIA?
FINSCHIA, originally known as LINE Blockchain Mainnet and formerly LINK (LN), represents a significant stride in the blockchain and cryptocurrency landscape. Developed by LINE Corp, a global messaging giant, FINSCHIA is a third-generation mainnet built on the Cosmos SDK, aimed at creating a sustainable token model and fostering a blockchain with a billion users. This initiative reflects LINE's vision of integrating blockchain technology into its expansive suite of online services, which began with the launch of its own cryptocurrency, LINK, in 2018. The rebranding to FINSCHIA in 2020 marked a strategic shift, extending its reach beyond the messaging app’s ecosystem to a broader marketplace.
FINSCHIA's mission is to merge the advanced features of Web3 – decentralization, security, and transparency – with the user-friendly experience of Web2. This approach is designed to popularize the web while maintaining the familiarity and convenience of existing platforms, thereby opening new horizons in the blockchain ecosystem. The Finschia Foundation, responsible for the operation of the mainnet and the issuance of FNSA tokens, continues LINE's global blockchain expansion. The name FINSCHIA, inspired by a tree, symbolizes the aspiration to grow healthily like trees in a forest ecosystem, making blockchain technology easily understandable and usable for the public.
Resources
Official Documents: https://docs.finschia.network/
Official Website: https://www.finschia.network/
How Does FINSCHIA Work?
FINSCHIA's infrastructure is built on a layered structure comprising the Finschia SDK, Ostracon, and CosmWasm, each playing a pivotal role in optimizing performance, scalability, and security. The consensus mechanism, a vital component of FINSCHIA, is powered by Ostracon, which incorporates Practical Byzantine Fault Tolerance (PBFT) theory into a proof-of-stake framework. This unique consensus algorithm ensures fast block finality and resistance to forks, laying a solid foundation for applications in various domains such as finance, e-commerce, and gaming.
The platform's stability is further enhanced by using a verifiable random function (VRF) for selecting block producers, making it difficult to predict the next round of block generators and thus securing the network against potential attacks. For smart contract functionality, FINSCHIA integrates CosmWasm, based on the WebAssembly virtual machine, allowing for the creation, deployment, and updating of smart contracts in multiple programming languages. This flexibility facilitates the easy implementation of business-specific contracts and supports ERC20 and ERC721 token standards, enabling connections to heterogeneous chains.
What Is FNSA Token?
FNSA is the native token of the FINSCHIA ecosystem. It is used for various interactions such as paying transaction fees, exercising voting rights, and participating in block generation as a validator or by delegating FNSA to a validator. FNSA can also be acquired through on-chain payments, NFT transactions, and trading on exchanges where it is listed. The token's utility extends across multiple services, underpinning its value in facilitating a dynamic and inclusive blockchain network.
FINSCHIA's approach to token distribution is unique, starting with zero reserves and focusing on rewarding and supporting services as they grow. This strategy, aligned with the principles of Token Economy 2.0, aims to build a healthier ecosystem by managing token distribution in a fair and transparent manner. The Service Contribution Rewards (SCR) system rewards users for enhancing the ecosystem, with rewards meticulously allocated based on significant contributions to on-chain activities. Validators and delegators play a crucial role in the network, earning rewards through various means, including inflation and transaction fees, while also facing penalties for non-compliance or misbehavior.
What Determines FINSCHIA’s Price?
The price of FINSCHIA (FNSA) is influenced by a combination of factors typical in the cryptocurrency and blockchain markets, including user adoption, technological advancements, and overall market trends. As investors and enthusiasts look towards FINSCHIA price predictions for 2024, they often analyze historical charts and trading volumes to gauge the token's performance and potential. The integration of FINSCHIA's unique features, such as its zero-reserve strategy and service contribution rewards, plays a crucial role in its valuation. Additionally, the broader acceptance and usage of FINSCHIA in various Web3 applications, coupled with the strategic partnerships and expansions undertaken by the Finschia Foundation, are key determinants of its price. Market sentiment, often swayed by news and developments within the blockchain sector, also significantly impacts FINSCHIA's price, making it essential for investors to stay informed about the latest trends and updates in the cryptocurrency world for accurate price predictions and investment strategies.
For those interested in investing or trading FINSCHIA, one might wonder: Where to buy FNSA? You can purchase FNSA on leading exchanges, such as Bitget, which offers a secure and user-friendly platform for cryptocurrency enthusiasts.
FINSCHIA price performance in USD
FINSCHIA price history in USD
FINSCHIA market information
How to buy FINSCHIA(FNSA)
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Trade FNSA perpetual futures
After having successfully signed up on Bitget and purchased USDT or FNSA tokens, you can start trading derivatives, including FNSA futures and margin trading to increase your income.
The current price of FNSA is $0.00, with a 24h price change of 0.00%. Traders can profit by either going long or short onFNSA futures.
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FINSCHIA news
See moreIn order to provide a better trading experience, Bitget has suspended FNSA deposit services starting from May 27, 2024 (UTC) until a later announcement is made. Please note that transactions will not be affected during the suspension period, and we will notify the official community and make an ann
Each digital asset we list is regularly reviewed for quality assurance to ensure it adheres to our platform standards. In addition to the security and stability of the digital asset’s network, we consider numerous other factors in our evaluation process, including: Trading volume and liquidity Team
To improve user experience, the following trading pair will be removed from Bitget spot trading bots on May 30, 3:00 PM (UTC+8): FNSA/USDT Note: • After removal, the system will automatically cancel any pending orders and return the relevant assets to your account. • Users will be unable to create
FINSCHIA Social Data
In the last 24 hours, the social media sentiment score for FINSCHIA was 3, and the social media sentiment towards FINSCHIA price trend was Bullish. The overall FINSCHIA social media score was 0, which ranks 745 among all cryptocurrencies.
According to LunarCrush, in the last 24 hours, cryptocurrencies were mentioned on social media a total of 1,058,120 times, with FINSCHIA being mentioned with a frequency ratio of 0%, ranking 748 among all cryptocurrencies.
In the last 24 hours, there were a total of 72 unique users discussing FINSCHIA, with a total of FINSCHIA mentions of 21. However, compared to the previous 24-hour period, the number of unique users increase by 16%, and the total number of mentions has decrease by 22%.
On Twitter, there were a total of 0 tweets mentioning FINSCHIA in the last 24 hours. Among them, 0% are bullish on FINSCHIA, 0% are bearish on FINSCHIA, and 100% are neutral on FINSCHIA.
On Reddit, there were 0 posts mentioning FINSCHIA in the last 24 hours. Compared to the previous 24-hour period, the number of mentions decrease by 0% .
All social overview
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