FLGC TOKEN PROJECT - and FLGC ...
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FLGC TOKEN PROJECT
I. Introduction of FLGC TOKEN project
The t e r m "Blockchain Technology" is n o longer completely
n e w t o all of us, b u t currently i t is n o t really popular in our daily
lives. In early 2009, w h e n Bitcoin - t h e first cryptocurrency was
born w i t h t h e m o s t i m p o r t a n t purposes being used for
peer-to-peer paym e n t and unregulated exchange. Over 11years
of development, Blockchain Technology has experienced m a n y
ups and downs t h a t was suspected as unreality and deception,
so far a series of large corporations and m a n y governments
(USA, China, Japan, EU...) are researching and developing
Blockchain Technology.
Introduced for t h e first t i m e in early 2020, t h e FLGC
TOKEN project has attracted a lot of attention in t h e technology
field because t h e project has focused o n solving t h e biggest
pr obl em of Blockchain t h a t was applied to our daily lives.
I. Introduction of FLGC TOKEN project
FLGC TOKEN's ecosystem consists of:
01 02 03
A community of Cryptocurrency Visa Blockchain
FLGC TOKEN. exchange. Wallet which is
compatible with
almost E-commerce
platforms.
II. Building a community of FLGC TOKEN
01. Functions of FLGC: FLGC is a cryptocurrency used in t h e FLGC TOKEN’s ecosystem. It has ma n y functions, including: FLGC is used as a means of payment. FLGC is used to activate and pay interest for t h e Folgory-Loyalty’s ecosystem. FLGC users can participate in m a n y activities in t h e Folgory-Loyalty’s ecosystem.
02. About FLGC TOKEN * Total supply: 20,000,000 (20 million) FLGC * Pre-sale of ICO: 10,000,000 (10 million) FLGC Start course 10,000,000 (VND 10 million) FLGC f r om the second quarter of 2021
03. Lending program building FLGC Token community Phase II
According to t h e success of t he Lending p r og r a m Phase I f r o m May 1, 2020 to November 10, 2020, t he
FLGC Token was listed on UNISWAP.ORG. The FLGC de velopment te a m decided to continue launching
t h e Lending pr ogr am Phase II starting November 24, 2020.
Lending FLGC TOKEN program Phase II
Total p r o f i t / Return
Package (USD) Interest rate / m o n t h
package of in ve st m e n t
200 5 - 7 (%) 200 (%) 100 (%)
500 5 - 7 (%) 200 (%) 100 (%)
1.000 5 - 7 (%) 200 (%) 100 (%)
2.000 7 - 10 (%) 200 (%) 100 (%)
5.000 10 - 15 (%) 300 (%) 100 (%)
10.000 10 - 15 (%) 300 (%) 100 (%)
20.000 10 - 15 (%) 300 (%) 100 (%)
50.000 15 - 20 (%) 300 (%) 100 (%)
III.Cry p tocurren cy Exchange The FLGC TOKEN dev el opment t e a m will push FLGCToken in major cryptocurrency exchanges such as Binance, Houbi Global, Coinbase, Uniswap... to help t h e investors buy and sell FLGCToken m o r e convenient.
IV. Investment categories in 2021 - It is an i m p o r t a n t year for t h e development of FLGC Token, so t h e development t e a m decided to invest in t w o major categories including: • Staking ETHERIUM 2.0 • Defi platforms - All profits will be used to develop and boost t h e FLGC Token price in 2021. 1.Staking ETHERIUM 2.0 -Ethereum 2.0, also k n o w n as "Serenity", is an upgrade to t h e Ethereum Blockchain. The upgrade is ai med at i mp r o vi n g t h e speed, efficiency, and scalability of t h e Ethereum n e t wo r k so t h a t it can handle mo r e transactions and mi n i mi ze congestion. The first upgrade of Ethereum 2.0 is expected to launch in late 2020. -Staking Ethereum 2.0 is quite simple. You will need 32ETH to join a staking pool, and validators will need to r u n a validator node. However, participants in t he staking process will either have to r un these validators online con- tinuously or incur a penalty. 2. Defi platforms - DeFi is an acronym for Decentralized Finance, used to refer to financial applications b u i l t o n Blockchain. -To be mo r e specific, DeFi is t he “way” to b r i n g traditional financial products to a decentralized “land” where t he using a t h i r d party is eliminated (or minimized), transparency and safety are highly valued, anh costs are reduced. - Defi applications invested by FLGC t e a m will focus o n major applications such as: Compound, yen.finance
V. The mission and development roadmap
of Visa Blockchain Wallet01. The mission of Visa Blockchain Wallet Blockchain wallet is very popular for several reasons: Low transaction fees: Transaction fees for m a n y cryptocurrencies are free or very small. Safer for users: Transactions are verified to be safe and irreversible, contain n o sensitive customer informations. Businesses d o n o t need to worry a b o u t fraud, d o n o t need to k n o w too m u c h a b o ut customer inf ormations and especially d o n o t need to d e p e nd o n t h ird party to m a ke purchases such as credit cards. Convenience in transactions: W h e n using cryptocurrency, people can send and receive m o n e y immediately w i t h u n lim it e d money. High transparency: Due to t h e use of blockchain technology, t h e inf ormations related to th e supply of cryptocurrency are available o n t h e blockchain for anyone w h o wants to verify and use can follow. Potential for E-commerce development: In electronic transactions, people t e n d to pay online and t h e use of cryptocurrencies will be considered as a potential to develop E-commerce in t h e f uture
01. The mission of Visa Blockchain Wallet
However, p a ym e n t in E-commerce using currencies is n o t applied in t h e world because t h e
transaction processing speed o n Blockchain platf orm does n o t m e e t t h e actual needs.
-It is expected t h a t by t h e e n d of 2021, t h e ETHEREUM 2.0 n e t wo rk will start operating, t h e transac-
tion processing speed can be u p to thousands of transactions per second.
-More specifically, in 2020, t h e US-China trade war is go in g o n extremely complicated, b o t h t h e
United States and China impose taxes o n goods and strictly control t h e international m o n e y transfer.
Therefore, cryptocurrencies are being interested by large corporations in order to facilitate t h e cash
f low in E-commerce transactions.
- However, there is n o Blockchain Wallet in t h e world t h a t can integrate w i t h E-commerce platforms.
-Therefore, Visa Blockchain Wallet is researched and developed by t h e cooperation b e t we e n Folgory
investment -plan and large corporations such as Tencent Holdings Limited, Alibaba.com. It makes
payments b e t we e n countries easier, m o re convenient, lower transaction fees and n o m o re intermedi-
aries. Visa Blockchain wallet will link w i t h major E-commerce platforms such as Alibaba, Amazon ...
t h r o u g h t h e Wepay wallet to m a ke t h e m o n e y transfer faster, m o re accurate and m o re secure.02. Features on Visa Blockchain Wallet Managing and supporting t h e storage of major cryptocurrencies such as BTC, ETH, FLGC Token, ... and certain cryptocurrencies. Transferring m o n e y across borders quickly, accurately and confidentially. Supporting quick conversion f r o m Cryptocurrency to f iat m o n e y (USD, EUR, GBP, JPI ...) w i t h o u t having to be listed. Integrating Visa Blockchain Wallet o n Wepay.
03. Visa Blockchain Wallet on Wepay Visa Blockchain Wallet integrated on Wepay is a special feature of Visa Blockchain Wallet researched and developed cooperation between Tencent Holdings Limited, Aliba- ba.com and Folgory investment-plan.
W h a t are Wechat and Wechat pay?
-As we know, u p to now, Wechat has been present in 200 countries w i t h 20 different languages, mo re t h an 900 million users and mor e t h an 38 billion messages sent every day. W i t h these impressive n u m - bers, it is n o t surprising t h a t Wechat is currently th e largest messag- i n g app in China and is increasingly "storming" in Vietnam. -B u t w h a t makes Wechat different is t h a t you can easily pay, transfer money, g o shopping ... only by this app. In particular, a lt ho u gh it is a pr odu ct f r o m China, Wechat can easily be installed on iOS, Android, W ind o ws Phone and even Symbian. So, even if you are in a country other t h a n China, you can easily download and experience this app. -WeChat Pay is a p a yme n t feature integrated into th e WeChat app, users can complete payment quickly w i t h smartphones. Wechat Pay allows quick connection of bank cards and provides users wi t h safe, fast and efficient p a yme n t services. -Visa Blockchain Wallet is also connected to Alibaba.com via Wechat pay. On Alibaba.com, there are mo r e t h a n 79 million businesses in 240 countries and territories; and mo r e t h a n 4,830,000 registered businesses.
By this combination, a huge ecosystem w e are building will be created including: 79 million businesses on Alibaba Nearly 1billion Wechat users Visa Blockchain wallet Wechat pay digital bank i ng All of t h e m create a closed circle and m a k e opti mal pay- m e n t - a largest ecosystem in t h e worl d According to t h e a n n o u n ce m e n t of t h e development team, Visa Blockchain Wallet will use FLGC Token to pay m o n e y transfer fees o n t h e wallet. That means users of Visa Blockchain Wallet and W echat pay w h o wa n t to transfer cryptocurrencies m u s t have FLGC Token in their wallets to pay fees.
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04. Visa Blockchain Wallet development roadmap
8/4 –1/5/2020 ICO saled 10,000,000 FLGC Token (completed)
2/5/2020 Present the Lending FLGC Token
16/11/2020 Listed FLGC Token on uniswap.org
24 / 11/20 20 Launching the Lending FLGC Token Phase II
Quarter II, 2021 Launching Visa Blockchain Wallet to integrate
with the China's national digital currency DCEP
Quarter III, 2021 Integrating Visa Blockchain Wallet on Wechat pay
Quarter IV, 2021 Put FLGC Token on exchanges such as: binance,
Houbi Global, Coinbase, ...You can also read
