Finblox, aspiring to be a gamified crypto superapp, presents an interesting yet intricate investment landscape and seems like a web3 inspired version of Roblox.
The token's max supply of 10 billion, coupled with the specifics of private and public rounds, raises concerns. Private investors, including Sequoia Capital, hold a significant portion, potentially impacting market dynamics. The allocation of free tokens to the team and advisors, comprising 69% of the supply, questions the decentralization of the project (caution required).
The team, led by Co-Founder and CEO Peter Hoang, boasts experience from companies like Gotrade and Coins.ph, backed by prominent investors like Sequoia. The backing raises the project's credibility, but the disproportionate token distribution may pose governance challenges.
Marketing efforts seem tailored to attract new traders with promises of high returns. While the Twitter presence is consistent, the absence of Telegram and Discord's simplicity might impact community engagement.
Looking at the token chart I remain unconvinced (like many) which is why I have given this project 2/5. Show Less