Finxflo Announces $1 Million of Liquidity Locked for 6 Months
Finxflo conducted its Polkastarter contribution event on February the 8th. Within 2 minutes 30 seconds, the two FXF pools at $0.05 were full. An hour and a half after, the project successfully conducted a 100% unlocked token debut on Uniswap, with liquidity provision at the same price as the Polkastarter pools. Since listing on Uniswap, the FXF token has stabilized at around a price of $0.50 per FXF. The objective of the 100% token unlock was to give the same opportunities to everyone. In line with this unprecedented mindset, the Finxflo team has used Unicrypt.network to lock OVER ONE MILLION DOLLARS of liquidity denominated in Ethereum (ETH) and FXF tokens. That amount represents over 50% of our Uniswap pool’s liquidity!
Building Trusted Relationships
Finxflo aims to be a fair platform that provides the same opportunities to everyone, from retail traders just getting started to regulated institutions looking to deploy capital into crypto assets. The Finxflo platform will aggregate liquidity from more than 25 exchanges and other liquidity sources to provide the best prices to all of its users. With our recent token launch, the founders wanted to demonstrate their long-term commitment to this project. Therefore, we have locked over $1,000,000 into the pool for SIX MONTHS.
The contract address for the liquidity lock is available here. The current unlock date is September 8, 2021. Those pool tokens, as well as their associated liquidity in FXF and ETH, cannot be removed during that time. We will revisit our liquidity lock policy on the above date.
The funds have been locked with Unicrypt, which is a trusted DeFi platform that offers a tried and truly tested audited smart contract for project teams to simply and verifiably lock up their liquidity. FXF token holders can easily see the result. The liquidity locked in the pool cannot be withdrawn before the locking period ends.
Valuing Community Above All Else
We have worked hard to build our community of over 22,000 members on Telegram and over 19,450 followers on Twitter. We wanted to do something that showed our commitment to this wonderful community. Therefore, the Finxflo team decided that locking liquidity equivalent to over 35% of our total fundraise for 6 months was a good way to strengthen the trust between the community and FXF.
We’re not going anywhere!
In these next few months, we are dedicated to delivering on our roadmap, which you can find on pages 21 and 22 of our whitepaper. That includes the V1 of our platform in Q2 2021, as well as a series of exciting partnerships that we have in the pipeline.
More info is coming. Stay tuned so you won’t miss anything!
About Finxflo
Our mission is to create an industry-leading trading platform to facilitate multi-crypto exchange access and provide both retail and institutional investors with professional-grade tools and global best prices through a user-centric interface.
We believe in a cryptocurrency market built on the values of legitimacy and trust, fully accepted by, and accessible to, the mainstream population. We envisage a level playing field for all participants, with the best prices available to traders irrespective of their portfolio size and location, with market distortions and unfair trading practices eliminated.
Our proprietary smart ordering algorithm distributes orders across multiple exchanges and retrieves optimum buy or sell prices, reducing slippage from large orders.
Everyone on our platform gets access to our dark pool, allowing traders to swiftly move in and out of any trade without incurring any market inefficiencies. Importantly, this allows protection from front running!
All with just one account, one KYC, and one wallet!
