Xangle disclosure update complete, FNB Protocol "No business disruption"
Xangle, a global crypto disclosure platform, updated a regulatory filing about FNB Protocol. It said rumors of its business being shut down are groundless, and it revealed a roadmap for its business for this year. Previously, FNB Protocol clarified rumors of its demise. On April 21, it said “we are continuously rolling out our business and projects.” It also disclosed its 2020 business roadmap as below: 1Q -Plans to launch a KB Kookmin Card dedicated to its reward app FNB Cash Leaflet to expand its customer base. -Plans to hold an adverting balloon event at some 4,900 golf courses to help attract new customers. -Plans to develop a strategic partnership with Joonggonara, Korea’s major online second-hand market. 2Q -With blockchain research center Hexlant, the company plans to commercialize and advance its system. -Plans to open FNB shopping mall. 3Q -Plans to collaborate with domestic franchise restaurants. -Plans for an initial public offering on an overseas exchange. Parker’s note There have been numerous cases in the past where blockchain projects have come to a halt despite having a roadmap. Stakeholders should regularly monitor the process of projects. Also, project leaders should build credibility in the market.