Island Majuro, Marshall Islands, May 4th, 2023, Chainwire
Crypto payment startup FLUUS announced it will be conducting a presale of its native token $FLUUS on the FantomStarter launchpad. The token will be available to buy at a discounted rate on the platform from May 2 – 23, with whitelisting available until May 17, before it becomes available to trade publicly on major cryptocurrency exchanges from May 24 onwards.
FLUUS is creating a fiat-to-crypto on- and off-ramp that will provide consumers with access to Web3 services including token swapping and staking. It has created a best-in-class payment solution that’s designed to eliminate friction and simplify the process of entering and exiting the crypto economy for new users.
$FLUUS is a pre-minted utility token for the FLUUS payment platform, with a maximum supply capped at 1 billion. The token is designed to fulfill several use cases, providing fee reductions for developers that integrate FLUUS into their decentralized applications, and acting as a means of collateral for on- and off-ramp partners, in order to protect users against fraud or disputes. $FLUUS will also be rewarded to retail users as yield for providing capital to $FLUUS liquidity pools or staking $FLUUS tokens. Finally, it will serve as the main governance token for the FLUUS DAO that oversees the project, giving holders voting rights.
FantomStarter is a popular launchpad that allows investors to participate early in some of the most exciting Web3 ventures and crypto projects building on the Fantom blockchain. By providing capital to projects promoted on FantomStarter, investors gain early access to their native tokens before they’re publicly listed for sale. In the case of $FLUUS, early investors will have the opportunity to earn higher rewards once FLUUS’s staking programs launch.
To date, more than 27 projects have launched successful token presales on FantomStarter, including the AI- and crypto-powered marketing startup Chirpley and the DeFi- and NFT-farming focused platform Wingswap. FLUUS is anticipating big demand for $FLUUS in the FantomStarter token presale, as it exceeded the quorum of one million votes required to be listed on the platform in just two days. Moreover, the presale follows FLUUS’s successful first presale on the AllianceBlock’s Fundrs in March, when all tokens were sold out within just three hours.
FLUUS currently offers two flagship products, including FLUUS Pay, which is a regulated and compliant crypto ramping service delivered in partnership with fintech operators and money transfer networks, and FLUUS Auth, an SDK that enables developers to integrate secure and user-friendly Web3 onboarding into their applications.
FLUUS will use the funds from the presale to advance the development of these products and expand its crypto-to-fiat on- and off-ramping platform to a global audience.
FLUUS is on a mission to enhance global access to Web3 and make cryptocurrency globally accessible, particularly in emerging markets. Its crypto on- and off-ramp makes it easier for web3 users to acquire and liquidate digital assets. Developers, meanwhile, can integrate FLUUS’ payment widget into their applications, delivering crypto conversion on demand.