Draft White Paper (short version)

“Envisioning a Trust-Centered Blockchain Ecosystem”

Overview

Rooted in the Italian word for trust, “fidarsi,” Fidarzi marks a transformative era in blockchain and cryptocurrency, dedicated to demystifying the technology for everyone. With a secure, user-friendly, and community-driven platform, Fidarzi shifts the focus from traditional models to one that values community involvement, trust, and participation in digital finance.

Core Components

Fidarzi leads the blockchain payments revolution with a commitment to rapid innovation, remaining agile in a slowly adapting market. Central to Fidarzi’s ethos is a belief in community strength and integrity, essential for building trust in the blockchain economy. By prioritizing transparency and fairness, Fidarzi aspires to set a standard in the evolving blockchain domain.

The ecosystem enhances community engagement through the FIZI Rewards Hub, rewarding active participation with cashback, special offers, and exclusive event access. Fidarzi not only offers a range of financial tools like the Fidarzi App for managing cryptocurrencies with ease and the high-limit FIZI VIP Debit Card but also fosters a sense of belonging and contribution among its members, driving the platform’s growth and innovation.

Fidarzi’s ecosystem thrives on collaboration, featuring key initiatives and strategic global partnerships. Its components include:

Fidarzi’s High Limit VIP Debit Card

An exceptional financial tool for cryptocurrency enthusiasts, Fidarzi’s VIP Debit Card offers unprecedented transaction limits of up to $175,000 USD per month for each card, with a massive cumulative monthly capacity of $700,000 USD across four cards. This feature embodies the ultimate in spending freedom and flexibility for users, allowing them to seamlessly convert their digital assets into real-world expenditures without the usual constraints found in traditional financial systems.

The Fidarzi App
A pivotal platform in the Fidarzi ecosystem, the Fidarzi App acts as a gateway between the realms of traditional finance and blockchain technology. It provides a comprehensive suite of services designed to make the management and use of digital assets as intuitive and straightforward as traditional banking. This includes everything from tracking investments to executing transactions, all within a secure and user-friendly interface.

FIZI Pay
Designed to bridge the gap between fiat and cryptocurrency, FIZI Pay introduces an advanced payment solution that significantly broadens the accessibility and utility of digital currencies. It caters to both merchants and consumers, enabling effortless transactions and offering a variety of payment options. This system not only simplifies the use of cryptocurrencies in everyday purchases but also promotes wider adoption by integrating with existing financial ecosystems.

The Fidarzi Network
At the core of the Fidarzi ecosystem lies the Fidarzi Network, a foundational infrastructure supporting a secure, transparent, and reliable blockchain and token ecosystem. It provides the community with a trustworthy platform for transactions, underpinned by a commitment to maintaining the highest standards of security and integrity. The network serves as a testament to Fidarzi’s dedication to building a decentralized financial system that prioritizes trust and community engagement.

$FIZI – Token Allocation

Current VIP Foundation Sales Rounds:
Fidarzi’s Initial DEX Offering (IDO) employs a strategic tokenomics model with structured purchasing caps across its rounds to promote sustainable growth and ensure long-term ecosystem health. These caps are designed to democratize ecosystem access, prevent token hoarding, and promote a fair distribution among a wide base of early supporters. This approach aligns with Fidarzi’s community-focused ethos, enhancing the project’s viability by fostering a diverse and engaged token-holder community, thereby securing the ecosystem’s future success and vibrancy.

Round 1: Launching the Foundation (Current)
  • Token Price: $0.004
  • Tokens Offered: 500 Million
  • Funding Target: $2 Million USD
  • Investment Cap: $2,000 USD per wallet 500,000 FIZI
  • Objective: This initial round aims to attract early backers by offering tokens at the lowest entry point, with a strict purchase cap ensuring a wide distribution among participants. This round is critical for laying the groundwork for Fidarzi’s ecosystem development.
Round 2: Expanding the Base
  • Token Price: $0.006
  • Tokens Offered: 1 Billion
  • Funding Target: $6 Million USD
  • Investment Cap: $6,000 USD per wallet 1M FIZI
  • Objective: The second round seeks to build on the momentum of the first, offering a higher cap to accommodate growing interest while still maintaining broad access to the opportunity. This stage is pivotal for consolidating the community foundation and ramping up broader ecosystem initiatives.
Round 3: Cementing Commitment
  • Token Price: $0.008
  • Tokens Offered: 1 Billion
  • Funding Target: $8 Million USD
  • Investment Cap: $8,000 USD per wallet 1M FIZI
  • Objective: The final round targets the most committed backers, offering the highest cap to allow for more significant investments. This stage is designed to finalize the community’s foundation before transitioning to broader market engagement through the subsequent IEO.

Stage 2: Post IDO Token Allocation Breakdown

  • Initial Exchange Offering (IEO) – 50%: With a significant fundraising target of $50 million USD, half of the available FIZI tokens are allocated for the IEO. Scheduled for Q3 2024, this stage is pivotal in securing additional capital for the Fidarzi treasury. The funds are designated for broadening the network, enhancing the platform, and achieving global outreach goals.
  • Founders’ Reserve – 10%: To affirm the founders’ long-term dedication and to preserve market equilibrium, 1 billion tokens are slated for gradual release monthly over three years. Managed with a liquidity lock on the Binance Smart Chain, this phased distribution ensures transparency and prevents market manipulation.
Marketing and Branding – 5%: A total of 500 million tokens are set aside for early community incentives, including initial airdrops and giveaways. This allocation is entrusted to the marketing and management team, aiming to kickstart transactions and generate early momentum for the platform.
  • Stability and Liquidity Reserves – 5%: This allocation supports the creation of liquidity pools and ensures the token’s stability and liquidity. It is essential for maintaining the platform’s financial health and facilitating smooth token transactions.
  • Affiliate Program – 3.75%: To enhance the promotion of the IDO stages and boost community involvement, 375 million tokens are dedicated to the Foundation Affiliate Program. This program operates on a two-tiered system, rewarding affiliates with 10% & 5% commissions for their marketing efforts, thereby incentivizing widespread support and user base expansion.
  • Development Team Rewards – 1.25%: This segment is critical for acknowledging the development team’s efforts, contributing to the platform’s visibility, and maintaining operational efficiency. It incentivizes the achievement of development milestones and fosters early community engagement, playing a key role in the platform’s overall success.

The Fidarzi Treasury

The Fidarzi Treasury is key to its financial plan, aiming to gather up to $66 million USD from its IDO and IEO for platform development and growth, aligning with its vision to innovate in digital finance.

Fidarzi’s tokenomics prioritizes long-term stability and benefits for stakeholders. It reduces FIZI token supply through fee burns (increasing value by decreasing the suply) and reinvests the remainder of its 1% fees back into the community, encouraging engagement and commitment. This strategy ensures Fidarzi navigates digital finance challenges effectively, maintaining its competitive edge and community focus, and setting the stage for a robust and scalable decentralized financial ecosystem built on trust and mutual benefit.

Detailed Breakdown of the 1% Transaction Fee Distribution

Fidarzi employs a detailed strategy for the allocation of the collected 1% transaction fees, reflecting the platform’s dedication to community engagement, the appreciation of the $FIZI token’s value, and the stability of the ecosystem:

  • 50% Redistribution: Half of the transaction fees are redistributed to EVERY $FIZI token holder, incentivizing their active participation and investment in the Fidarzi ecosystem. This redistribution strategy aims to cultivate a more engaged, liquid, and dynamic community ecosystem.
  • 20% Token Burn: To foster the long-term appreciation of the $FIZI token’s value, 20% of the transaction fees are permanently removed from circulation through a token burn mechanism. This action serves to reduce the overall supply of $FIZI tokens, enhancing their scarcity and potential market value.
  • 20% Foundation Token Holders: Acknowledging the contributions of early supporters, this allocation rewards those who participated in the initial three IDO stages and maintained their holdings. This policy is designed to encourage a culture of long-term token retention for growth and stability, ensuring equitable initial distribution and fostering a community aligned with Fidarzi’s vision for the future.
  • 10% Fidarzi Foundation: The remainder of the transaction fees support the Fidarzi Foundation, the philanthropic arm committed to social welfare and community support initiatives. This allocation underscores Fidarzi’s wider goal of utilizing blockchain technology for social good, beyond mere financial innovation.

Through the strategic distribution of transaction fees, Fidarzi advocates for a participative, value-centric, and philanthropic ethos within its decentralized financial ecosystem. This methodology underscores Fidarzi’s dedication to developing a financial landscape that is not only resilient and scalable but also deeply anchored in the principles of trust, fairness, and collective benefit.

Milestones and Timeline

2021: Launch and Strategic Planning
Fidarzi embarked on its mission, engaging in global roadshows to forge key industry alliances and laying the groundwork with a focus on insightful market feedback to shape its core architecture.

2022: Ecosystem Foundation
This year was pivotal for laying the foundation, securing partnerships with top fintech firms for the launch of a dedicated crypto-only debit card, assembling a robust development team, and establishing an expert advisory board.

2023 Q1: FIZI Token Inception
The introduction of the FIZI token was a cornerstone achievement, with the onboarding of influential figures and board members to fine-tune the platform through beta testing.

2023 Q2: FIZI Card and Platform Beta Release
The beta launch of the FIZI Card highlighted Fidarzi’s functional prowess, offering early insights into the platform’s comprehensive capabilities.

2024 Q1–Q3: Market Entry and Expansion
Anticipated VIP IDO sales and the culmination of technical developments lead to the Q3 IEO launch, paving Fidarzi’s path to the global stage.

2024 Onwards: Sustained Innovation
Dedicated to perpetual evolution, Fidarzi aims to roll out new features and projects, maintaining its edge as a leader in the digital finance revolution. The roadmap underscores Fidarzi’s dedication to community value and the broader crypto landscape, envisioning a future of inclusive, transparent finance.

Conclusion: Fidarzi’s Vision for the Future

Fidarzi spearheads the evolution toward a trust-based, decentralized financial ecosystem, harmoniously blending the stability of traditional finance with the transformative potential of cryptocurrency. This initiative is motivated by the aspiration to render digital finance universally accessible, transparent, and driven by community engagement. Positioned at the cutting edge of digital finance reform, Fidarzi underscores the essential values of trust, accessibility, and community empowerment.

With its pioneering approach and strategic tokenomics, Fidarzi aspires to bridge the existing divide between the conventional financial system and the burgeoning cryptocurrency landscape. The platform invites participation from across the globe to forge a financial future that is not only secure and efficient but also equitable for all stakeholders involved. Join Fidarzi in paving the way for a new chapter of financial innovation and opportunity, shaping a world where technology enhances financial inclusivity and empowerment.

LEGAL DISCLAIMERS

You should consult your own advisors concerning the legal and tax implications and other aspects associated with the FIZI Token and Fidarzi network.

The FIZI Token is classified as a Utility Token which can be traded on secondary markets. This white paper does not constitute a prospectus and does not constitute an offer of financial instruments and/or securities to the public or any offer in any way connected to a collective investment scheme.

This white paper, the FIZI tokens, and the use, holding, and trading of the FIZI tokens carry no rights, whether express or implied, other than for the use in the Fidarzi’s Ecosystem and trading on DLT exchanges following the FIZI Token’s admission to trading on such DLT exchanges.

FIZI Tokens do not represent or confer any ownership rights, share or security or equivalent rights, intellectual property rights, or any other form of participation relating to the Issuer. FIZI tokens do not give the holder thereof any entitlement to acquire any such interest or entitlement in respect of the Issuer. Furthermore, the Issuer shall not be obliged in any way to return any investment made in virtue of this white paper.

This white paper does not infer that (i) the information contained in this white paper is accurate and complete subsequent to its date of publication or (ii) that any information supplied in connection with this white paper is completely accurate at any time subsequent to the date on which it is supplied.

Information and content in this white paper are based on the relevant practices and legal considerations in force at the date and time the white paper was drafted and are subject to change due to any potentially applicable external regulatory forces.
The Issuer
The white paper has been drafted by the Fidarzi team and founders who will be owning the company FIDARZI LTD, registered in Seychelles.

The White Paper

The white paper should be read in its entirety and considered as a whole before making decisions to acquire or trade FIZI tokens. FIZI Tokens do not constitute an offer or solicitation of financial instruments. If prospective Token holders are in any doubt about the contents of this white paper, they should consult their financial or legal advisers.

The Company is responsible for the information contained in the white paper, and to the best of its knowledge, it has taken all reasonable care to ensure that the information contained herein is in accordance with the facts and does not omit anything likely to affect the importance of such information. Nevertheless, the Company expressly disclaims any and all liability based on such information, errors in such information, or omissions in such information that are not the result of wilful intent or gross negligence. In connection with the offer made in the white paper, no person is authorized to give any information or to make any representations other than those contained in the white paper and/or the Website.
Responsible Organization Policies
Fidarzi is a responsible organization that exists to better the Fidarzi Community. It takes its corporate governance and social responsibilities seriously. Below are policies and initiatives that Fidarzi adheres to.

Know Your Client / Anti Money Laundering (KYC/AML)

Pre-Sale Whitelisting

Investors who wish to purchase tokens totalling a value of 10,000 dollars or higher will need to go through our quick and seamless Whitelisting process.
Once identity verification is done, your wallet address will be whitelisted for receiving the number of tokens purchased at the token launch date.
[insert process and explain – eg: buyer will receive registration link 🡪 fill in some personal details and email address + upload identity photo 🡪 receive a verification email that your wallet address has been whitelisted].
This information and process is for the sole benefit and record keeping of the issuing company in compliance with the minimum KYC procedures recommended in the Seychelles. We value your privacy and confidentiality, and recordation of your purchases is confidential.
Restricted Countries
The company reserves the right to restrict interested token buyers resident in certain jurisdictions due to their high risk or illegality of cryptocurrencies from time to time. This is subject to change depending on various external conditions and regulatory changes.
Current restricted countries are: North Korea, Iran, and China.
KYC/AML is a crucial aspect of Fidarzi’s regulatory compliance. Any changes to KYC/AML regulations will be adopted quickly so that there is no lapse in the information available to us. The Fidarzi Network will report details of transactions if requested by the local legal requirements.

General

This document is a white paper detailing the current and future endeavors of Fidarzi. The contents of this document are for information purposes only and are not a guarantee or promise of future conduct. Unless expressly specified otherwise, the products and innovations set out in this paper are currently under development and the features included in those products will change as the project evolves. You warrant that you are not a citizen of, resident in, or domiciled in a jurisdiction in which it would be unlawful for Fidarzi to offer any of its products and services. Any information provided by Fidarzi is provided for general information purposes only, and Fidarzi does not give any warranty as to its accuracy or completeness. Fidarzi does not provide advice about legal, tax or financial matters. Any opinions expressed reflect the current judgment of the authors of this paper. The opinions reflected herein may change without notice. Digital assets are inherently high-risk assets and you should seek independent legal, financial, taxation (or other) advice before making any decision in relation to Fidarzi tokens or any arrangements offered by Fidarzi. You acknowledge that you are responsible for making your own inquiries about any risks involved in Fidarzi’s offerings and that you have made such inquiries. Fidarzi, its directors, employees, contractors and representatives do not have any responsibility or liability to any person or recipient arising from any statement, opinion or information, expressed or implied, arising out of, contained in, derived from, or omitted from this paper. By acquiring any of Fidarzi’s tokens, you acknowledge and agree that neither Fidarzi nor any of its affiliates shall be held liable for any direct or indirect loss or damage caused by such changes.

RISKS

The following is a non-exhaustive disclosure of principal risk factors which are considered to be material by the Company in connection with the admission of the token to trading and/or use of the FIZI Token, as well as, to the extent applicable, the use of the Fidarzi ecosystem at any moment in time. Participants should consider these risk factors alongside all other information provided in the white paper and are advised to consult with their professional advisers (including their financial, accounting, legal, tax, technical, or other advisers and experts) before deciding to obtain FIZI Tokens.

Risk of losing access to FIZI tokens due to loss of private key/s, custodial error, or Participation error:

A wallet is necessary to acquire, hold and dispose of FIZI tokens. The participant hereby understands that they are responsible for setting up the Wallet with a third-party provider to hold FIZI Tokens, and they are responsible for implementing reasonable measures for securing the wallet.

Accordingly, loss of requisite private key/s associated with the Wallet holding FIZI Tokens will result in loss of such FIZI Tokens and any other cryptocurrencies and/or tokens. Moreover, any third party that gains access to such private key/s, including by gaining access to login credentials of the Wallet that the Participant uses, may be able to misappropriate the Participant’s FIZI Token. Any errors or malfunctions caused by or otherwise related to the Wallet that the Participant chooses to receive and hold FIZI Tokens, including the Participant’s own failure to properly maintain or use such Wallet or caused as a result of the choice of third party provider for the Wallet, may also result in the loss of FIZI Tokens.

Rise of network attacks or mining attacks:

As with other decentralized cryptographic tokens based on the BEP-20 token standard, FIZI tokens are susceptible to attacks by miners in the course of validating transaction on the BSC Blockchain, including but not limited to double-spend attacks, majority mining power attacks, and selfish-mining attacks. Any successful attacks present a risk to FIZI Tokens, including, but not limited to, accurate execution and recording of transactions involving FIZI Tokens.

Rise of hacking and security weakness:

Hackers or other groups or organizations may attempt to interfere with FIZI Tokens in several ways, including, but not limited to, denial-of-service attacks, Sybil attacks, spoofing, smurfing, malware attacks, consensus-based attacks, and any such similar events which could have an impact on FIZI Tokens, the Fidarzi Ecosystem, and the services the Company may offer from time to time.

Risk of a security weakness in the Smart Contract, the Website and FIZI Tokens source code or any associates software and/or infrastructure:

There is a risk that the Smart Contract, the Website, the Fidarzi Ecosystem and FIZI tokens may unintentionally include weaknesses or bugs in the source code interfering with the use or cause loss of FIZI tokens. Updates and alterations could lead to unexpected or unintended outcomes that have adverse effects on FIZI tokens or the Fidarzi Ecosystem.

Risk of no listing or low/no liquidity:

Exchanges may be subject to poorly understood regulatory oversight and the company does not give any warranties regarding any exchange service providers. Users (including the participant, if applicable) might be exposed to fraud and failure affecting those exchanges. There is no assurance that an active secondary market for FIZI tokens will develop or continue to develop.

Risk of eventual unfavorable fluctuation of HUH’s token value:

The Fidarzi Ecosystem is intended to be financially self-sufficient, and the company does not have specific interests in the market value of FIZI tokens. Therefore, the company considers that it shall not be affected by unfavorable fluctuation of FIZI tokens value. On the other hand, token holders are subject to such risk of eventual unfavorable fluctuation of FIZI tokens value as the price of FIZI tokens may vary over time due to a number of factors affecting the value of token holders’ portfolios. Additionally, there are several potential events that could affect the risk of unfavorable fluctuation in the value of BNB or FIZI tokens including security incidents or market irregularities at one or more of the significant cryptocurrency exchanges.

Risk of malfunction of the BSC network or any other Blockchain and competing platforms
FIZI tokens could be interacting with malfunctions unfavorably, including but not limited to one that results in the loss of FIZI tokens or prevents the use on Fidarzi Ecosystem.

Risk of uninsured losses:

Unlike bank accounts or accounts with financial institutions, FIZI tokens are uninsured unless the participant specifically obtains private insurance to insure them. In the event of loss of FIZI tokens, there is no public insurer (e.g. Investor Compensation Scheme or private insurance arranged by the Company to offer recourse to the Participant).

The risk associated with uncertain regulations and enforcement actions:

The regulatory status of DLT Assets and their offering may be unclear or unsettled in many jurisdictions. It is difficult to predict how or whether regulatory authorities may apply existing regulation concerning technology and its applications including the Fidarzi Ecosystem and FIZI Tokens.

Internet transmission risks:

There are risks associated with using FIZI Tokens, including, but not limited to, the failure of hardware, software, and Internet connections, or other technologies on which the Fidarzi Ecosystem or the use of FIZI Tokens relies. Such failures may result in disruptions in communication, errors, distortions, or delays when using FIZI Tokens and the Fidarzi Platform/applications or the Website.

Risks arising from lack of governance rights:

Since FIZI Tokens do not represent or confer any ownership right or stake, share or security or equivalent rights, intellectual property rights or any other form of participation relating to the Company, all decisions involving the Company will be made by the Company at its sole discretion, including, but not limited to, decisions to transfer more FIZI Tokens for use, and to sell or liquidate the Company. These decisions could adversely affect the utility of the FIZI Tokens the Participant holds.

Risks of “Impermanent Loss”:

“Impermanent Loss” can be defined as “unrealised losses” generated due to the change in the price of an Assets which has been committed (locked) to a Liquidity Pool (LP) when compared to the initial time of locking the Asset in the LP. Impermanent Loss relies upon volatility and the price ratio relative to the time of deposit implemented in the LP. Although in some cases Impermanent Loss may never materialize due to corrections in the price of the Asset, other times it may become “permanent” if the Assets are liquidated at a wrong price. At the same time, gains for providing liquidity to LP, like trading fees, may offset the impermanent losses absorbed. Thus, Impermanent Loss may generate substantial losses over the initial capital, or never become permanent at all. We strongly recommend doing your own research on Impermanent Loss before committing your tokens to any LP.

Other inherent risks:

The Participant understands and accepts the inherent risks associated with FIZI Tokens, to the extent not covered elsewhere in the terms, including, but not limited to, risks associated with: (a) money laundering, (b) fraud, (c) exploitation for illegal purposes, and (d) any other unanticipated risks.

If any of the risks mentioned in the terms are unacceptable, or the Participant is not in a position to understand them, the Participant should not acquire, hold, or use FIZI Tokens.

CERTAIN INFORMATION CONTAINED IN THIS WHITE PAPER CONSTITUTES ‘FORWARD-LOOKING STATEMENTS’. DUE TO VARIOUS RISKS AND UNCERTAINTIES, INCLUDING THOSE DESCRIBED UNDER THE SECTION ON RISKS, ACTUAL EVENTS OR RESULTS OR THE ACTUAL PERFORMANCE OF THE COMPANY MAY DIFFER MATERIALLY FROM THOSE REFLECTED OR CONTEMPLATED IN SUCH FORWARD-LOOKING STATEMENTS.

The forward-looking statements in the white paper include, among others, statements about:
– Issuer’s ability to develop the Fidarzi Platform and Ecosystem and other technological components as described in this white paper
– Issuer’s ability to generate, offer or maintain the value of FIZI Tokens