The cryptocurrency payment company FLUUS has announced that it would use the FantomStarter Launchpad to perform a presale of its native token, $FLUUS. The token will be discounted on the platform for investors to buy from May 2 to May 23, and whitelisting will be possible until May 17. From May 24 on, it will be possible to trade the token openly on major cryptocurrency exchanges.
A fiat-to-crypto on- and off-ramp being developed by FLUUS will provide users access to Web3 services including token swapping and staking. It has developed a best-in-class payment system that is intended to remove obstacles and make it easier for new users to join and leave the crypto market.
The maximum quantity of $FLUUS, a pre-mined utility token for the FLUUS payment network, is 1 billion. The token is intended to meet a variety of use cases, including lowering fees for developers who include FLUUS in their decentralized services and serving as collateral for on- and off-ramp partners to safeguard consumers against fraud or disputes. Retail customers will also get $FLUUS as a yield for contributing funds to $FLUUS liquidity pools or for staking $FLUUS tokens. The FLUUS DAO, which controls the project, will use it as its primary governance token, providing holders voting rights.
A well-known Launchpad FantomStarter enables investors to become involved early in some of the most intriguing Web3 businesses and cryptocurrency projects that are based on the Fantom blockchain. Investors may get early access to projects’ native tokens before they are released for sale in the public marketplace by contributing funds to initiatives featured on FantomStarter. When the staking program for $FLUUS begins, early investors will have the chance to earn greater rewards.
More than 27 companies have successfully conducted token presales on FantomStarter so far, including the AI and cryptocurrency-powered marketing business Chirpley and the platform Wingswap which focuses on DeFi and NFT farming. As the FantomStarter token presale exceeded the quorum of one million votes necessary to be listed on the platform in just two days, FLUUS anticipates strong demand for $FLUUS. Additionally, the presale comes after FLUUS’s successful initial presale on Fundrs for the AllianceBlock in March, during which all tokens were purchased in under three hours.
FLUUS currently offers two flagship products: FLUUS Auth, an SDK that enables developers to incorporate safe and user-friendly Web3 onboarding into their applications, and FLUUS Pay, a regulated and compliant crypto ramping service delivered in collaboration with fintech operators and money transfer networks.
The funds raised from the presale will be used by FLUUS to accelerate the development of these goods and introduce its crypto-to-fiat on- and off-ramping platform to a larger worldwide market.