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SAN FRANCISCO — Finblox, a crypto trading app backed by Dragonfly and Sequoia, introduced FinGPT, an AI-powered financial consultant. This tool allows users to optimize their crypto portfolios with advanced AI algorithms, providing personalized recommendations and a comprehensive solution within the Finblox ecosystem.
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With a focus on improving financial decision-making and education, FinGPT uses state-of-the-art AI algorithms to analyze financial data and provide valuable insights that can be difficult for humans to identify. This enables users to make informed decisions, improve risk management and improve their overall financial literacy.
FBX, Finblox's native token, powers FinGPT. Token holders can use FBX to access exclusive FinGPT features, burn tokens for processing power, and stake tokens to earn rewards. The sale of FBX on well-known launch pads such as PoolZ, Decubate and Trustpad generated significant demand, resulting in initial offerings selling out quickly. Finblox has announced that the public sale of FBX will end on May 17 via FinLaunch, the world's first mobile web3 launcher integrated with the Finblox platform, available on both iOS and Android.
“Our mission is to empower users with the knowledge and tools to take control of their financial future,” said Peter Hoang, CEO of Finblox. “We are committed to making financial literacy and inclusion accessible to everyone. With its user-friendly interface and personalized recommendations, FinGPT represents an important step towards creating a more inclusive and engaging financial ecosystem.
As Finblox continues to revolutionize the industry, the launch of FinGPT and the upcoming public sale of FBX demonstrate the company's commitment to empowering users and shaping the future of finance. By combining advanced AI technology, blockchain infrastructure, and a dedication to financial inclusivity, Finblox is at the forefront of driving positive change in the financial space.
The company was founded by Peter Hoang and Dmitriy Paunin. Hoang brings extensive expertise in finance and entrepreneurship, having previously co-founded Gotrade, a commission-free stock trading app backed by Y Combinator. While Paunin served as CTO at Coins.ph, a Philippines-based cryptocurrency exchange that has over 16 million users. Finblox has successfully raised a seed round from top funds including Sequoia Capital, Dragonfly, Coinfund, Cypher Capital, Cogitent Ventures, Athena Ventures, Saison Capital, and OrangeDAO, among others.
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