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Flac Finance

Symbol: FLAC

0.031 (₳)

145 min ago

Daily Vol: 154(₳)

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About Flac Finance:

Flac Finance

What is Flac?

Flac Finance is a platform that enables digital asset owners to access liquidity without needing to sell their cryptocurrencies. Users can borrow fiat currency or stablecoins instantly by leveraging their crypto holdings, thereby providing efficient and cost-effective liquidity. This allows individuals to make their digital assets work for them by earning rewards and providing liquidity on the platform.

Flac Finance also integrates with the financial infrastructure of various countries, offering users access to a wide range of regulated financial services. This includes features such as the Flac Credit Card, which allows users to make payments using their cryptocurrency holdings for their everyday needs. Additionally, the platform provides banking integration and payment solutions like UPI (Unified Payments Interface).

In summary, Flac Finance offers the following key features:

Borrowing Fiat Against Cryptocurrency Assets: Users can borrow traditional currency or stablecoins by using their cryptocurrency assets as collateral.
Payment Solutions: Flac Finance enables users to pay for their everyday expenses using their cryptocurrency holdings through features like the Flac Credit Card and integration with payment systems like UPI.
Earn Staking Rewards: Users can earn staking rewards by providing liquidity or staking their digital assets on the platform.

These features aim to provide digital asset owners with convenient access to liquidity, a seamless payment experience, and opportunities to earn additional rewards through their participation on the Flac Finance platform.

Roadmap

2022

Q2

Community Partnerships
Core Team and Leadership Identification
Marketing Campaign
Release Whitepaper
Private Investments
Launch Initial Stake Pool Offering

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Q3

Start the process for financial institution registration in India
Start building partnerships with banking institutions
Partnership with local crypto exchanges
Flac Architecture review

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Q4

Flac Platform R&D and Engineering
Web and Mobile UX/UI development
Authentication Layer

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2023

Q1

End of Initial Stake Pool Offering
Airdrop FLAC ISPO tokens
FLAC token on Cardano dexes
Flac Platform R&D and Engineering continues
User Account management
Custodial solution - Cardano, Cardano Native Tokens

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Q2

Support for BTC, ETH
Lending Crypto Assets
Borrow Crypto Assets
Crypto Withdrawals

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Q3

Fiat Payment Gateway integration
Fiat Bank Transfer
Swap Crypto and Fiat
Fiat withdrawals

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Q4

Auto KYC/AML implementation
Instant Loan via real-time payments
UPI integration

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2024

Q1

Referral program
Flac Credit Card
Cross-chain bridges

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Q2

Expand the platform around the globe

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Flac Team

The Flac team is composed of experienced developers with in-depth technical knowledge of the Cardano protocol. Our portfolio of products includes Cardanoscan - Cardano Explorer, Typhon Wallet, and many open-source libraries as part of the Cardano Ecosystem.

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