- FLUUS has launched the presale for its native token on the FantomStarter platform.
- The presale offers an opportunity for interested participations to acquire the FLUUS token at a discount.
Cryptocurrency on-ramping provider FLUUS has announced an upcoming presale of its native token FLUUS. According to the payment startup, the presale will be held on the FantomStarter launchpad where it would be sold at a discounted price for up to three weeks. The discounted sales began on Tuesday 2nd May and will be33 on till 23rd May 2023.
Just as is found on other mainstream blockchain outfits, FantomStarter is a renowned launchpad that gives investors early participation rights for some of the top Web3.0 and crypto projects designed in the Fantom blockchain. It offers some forms of reward for providing funds for projects endorsed on the FantomStarter platform. These investors are granted access to native tokens even before they are publicly listed and are most times rewarded more.
Several projects including the AI-driven conversational text marketing startup Chirpley and decentralized finance (DeFi)-centered firm Wingswap have leveraged the FantomStarter platform. Due to the feedback that FLUUS has received as votes from the public, the protocol is positive that the presale will gain traction. Within two days, FLUUS exceeded the 1 million votes which Fantom requires for the token to be listed on the platform.
Noteworthy, this is not FLUUS’ first presale as the protocol had completed one on the AllianceBlock’s Fundrs more than a month ago.
In just three hours, all of the tokens were sold out. For now, the $FLUUS presale on Fantomstarter is only available to selected entities as part of the whitelisting process. However, as of 24th May, the token will be listed on major cryptocurrency exchanges where it can be traded publicly.
FLUUS Offers Only 1B Token Units on Presale
The FLUUS native token has a minting supply cap of about 1 billion units. It would become the main governance token of the FLUUS DAO overseeing the project. Consequently, this would give users and holders voting rights. Notably, the pre-minted utility token was designed with several beneficial features attached to it.
Developers who incorporate FLUUS into their decentralized applications (dApps) will be eligible for a fee reduction. At the same time, the token would be utilized as a means of collateral for on- and off-ramp partners and this singular act will help shield users against possible fraud and conflicts. Retail users who provide capital for the protocol’s liquidity pool or those who stake the token will be rewarded more tokens as their yield.
In the end, all FLUUS is aiming to achieve is the effective creation of a fiat-to-crypto on- and off-ramp which provides users with access to quality Web3.0 services. Already, the firm runs an efficient payment system FLUUS Pay that eliminates the friction and drudgery of entering and exiting the crypto market as a newbie. All funds gotten from this presale will be redirected into the advancement of FLUUS’ existing products.
Before the end of the first quarter of this year’s, the crypto ramping network completed a pre-seed round and secured $600,000 from FHS Capital, Base64 Ventures, and other angel investors.
[thrive_leads id="228374"]
