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As cryptocurrencies tend to rise in popularity, most online gambling sites have taken the advantage of accommodating a new form of payment. Today, whatever kind of activity you previously enjoyed without using cryptocurrency can be enjoyed. While there are cryptocurrency platforms working with most gambling sites, some have restrictions in the coin being offered. Additionally, these platforms focus on making profits without considering the users. Because of this, Folex is building a platform that gives users the ability to gamble using cryptocurrency while receiving a reward from the platform as well. The reward system is undertaken in a transparent manner for uses within the platform.
Features of the Folex.io Platform
• Gambling – The Folex platform allows its users to take part in a real online gambling environment. It offers its users the opportunity to play the famous American Roulette. If you have never experience gambling with cryptocurrency, then you have everything required to explain it to others. Gambling with cryptocurrency is now a reality through the Folex.io platform.
• FLX-Token – The platform doesn’t depend on other cryptocurrencies in order to enjoy gambling. The folexcoin is the security token used within the platform and combines with KYC/AML for maximum security. Additionally, it serves as a means through which users can use in participating within the platform as far as they are token holders.
• Pooling – This feature is something that attracts most investors as it offers them the possibility of participating in various master nodes with little investments to increase their investment in the future.
• Reward – Unlike most cryptocurrency platform, the Folex.io platform offers a point system to all users in its league system. Furthermore, users with folexcoin can receive a reward in these shares. It does not matter if they haven’t made it to any of the coveted leagues.
Details of the Token
The token FLX supply available is 75,000,000 with 50 percent up for sales. The initial exchange offering or token price of the Folex coin is $0.10 whereas the early investor program (SAFT) and SAFT minimum investment are $0.06 and $1,000 respectively. Although there are plans to add other currency in the platform, the acceptable currencies for SAFT are TUSD, ETH, and BTC. There is a hard cap of $3,600,000 for the FLX token. The FLX token is freely tradable on the folex.io platform for all users.
FOLEX League Reward System
The Folex reward system comprises of 4 leagues each including 100 users with gamblers, traders, and shareholders having the same opportunity to compete. To make the system fair for all users, it uses a point system to help determine who can hold their own against their fellow players before being crowned the “Champion of Flex.” There is also the likelihood of ascending and descending in the league standing.
Remarkably, because of the coins 100 percent reward on volume generated, shareholders don’t have to get into the coveted leagues. Interestingly, even if you don’t reach the coveted league, you get rewarded proportionately for your Folex token.
The platform isn't just focused on making profits but also giving users what they deserve. There is also the “offline staking” that makes it possible for users to transfer their Folex tokens into their own wallet. With this, they still have the chance of participating in the reward system. All that is required is for the user to register his or her wallet address on the exchange platform and continue with the reward system. In addition, the rewards are credited to the users account on the exchange.
To ensure everything regarding the reward system is transparent, the exchange schedule when the reward will be available. The reward is available for distribution every Sunday at 12:00 pm UTC. During this distribution, users may descend or ascent in the league while the collected points of all users within the platform is reset. In order words, a new season begins!
Concerning the trading fees, when a user clicks on the “Pay Fees with FLX”, they are given a 50% discount on taker and maker fees for trading.
Benefits for Shareholders
When you consider the number of cryptocurrency coin launching, you may be considering why buy the FLX security Token? Well, it is important to inform you that this unique platform comes with a 100 percent sharing ratio to its users. What this means is that 100 percent of trading fees generated will be rewarded back to all shareholders, which comes in the form of coins. Another benefit you get as a shareholding in the platform includes:
• Unique cryptocurrency distribution model
• Gambling with the FLX coin
• Preventing money laundering and crime
• Earning passive income by multiplying your coins
• Paying half fees with FLX
How can one get involved?
With the Folex Official and Folex Chat group, users can stay informed on upcoming news and event regarding the platform.
To be part of the Folex.io platform, you have to invest in the platform. The Folex exchange platform is scheduled to be launched on March 15, 2019, with various coins including in the exchange. You can also follow our various social media platforms to keep yourself updated on the current trends as it relates to FOLEX. Be part of this unique crypto exchange and participate in its success today!
You can also get further details below from their official sources: