Firulais is a community-focused Defi project that was launched in July 2021. Unlike most Defi projects, Firulais attracted more investors over a short period of time because it made a fair launch instead of going through the useless ICO stage.
This P2P decentralized cryptocurrency is designed to provide a better alternative to Defi projects currently available in the crypto space. The interesting thing about this crypto project is that it encourages open discussion between community members.
The source code of this cryptocurrency is fully verified by TechRate. The team is focused on building trust with the community members. Therefore, they don’t hold any FIRU coins in their wallets.
Things to know about FIRU token
FIRU is an ERC20 token currently available on a few crypto exchanges. With a market cap of $1.7 million, FIRU has a total supply of 1 hundred quadrillion coins. Since the Firulais team doesn’t hold any FIRU tokens, 50% of the total supply is on the burn wallet while the remaining 50% is locked on Unicrypt.
The FIRU token uses the Auto Rewards Farming protocol to benefit the investors. The users have to pay 2% of the total transaction amount whenever they make a transaction using this smart contract. This fee is distributed among the FIRU holders equally. It’s one of the reasons why FIRU token got more attention than other Defi tokens, as it provides consistent passive income to its holders.
Firulais Team has Planned to Launch Three Products
Firulais team is going to launch three important products in the crypto industry to tackle the problems people are facing currently.
FIRUDEX SWAP
FIRUDEX is the most important product of this Defi project. It’s a decentralized exchange that will enable users to swap different cryptocurrencies with a very low commission. FIRUDEX will be integrated with the BSC and ETH networks at the same time so that the users can use their desired services without any issues.
FIRUDEX will also offer tools for technical analysis that would allow users to monitor price movement within the platform before buying/selling a cryptocurrency.
FIRU Wallet
FIRU Wallet is a digital app that will be available on Android and IOS once it’s publicly launched. The team is already testing different features of the app to find any potential flaws. Although FiruDex is a decentralized exchange, the users will still have to store their cryptocurrencies in a secure wallet.
FIRU Wallet solves this problem allowing users to store their cryptocurrency with a few simple steps. Thus, they won’t have to worry about managing their assets. The FIRU wallet will provide access to FiruDex and other decentralized apps available on Ethereum’s blockchain/Binance smart chain.
FIRU NFT Marketplace
FIRU NFT marketplace is also going to be an attractive option for investors because FIRU holders can stake their FIRU tokens in the NFT marketplace to get some rewards. It’s going to be a unique opportunity for artists to promote their artwork within the marketplace because the FIRU holders will receive digital collectibles in the form of rewards.
FIWT Token
Firulais is going to launch another crypto token in the future called FIWT. The main purpose of this token is to facilitate transactions between FiruDex and FiruWallet. The users need to pay a partial amount of money when transferring assets from the exchange to the wallet in the form of FIWT token.
The existing holders won’t have to buy this coin separately because the system will automatically distribute 2M FIWT tokens among all active users. The users, who would join this journey later, would have to purchase the FIWT tokens separately. The total supply for FIWT tokens is set to be 16M.
The value of FIWT tokens will be settled depending on the number of transactions processed between Firudex and FiruWallet.
The Process of Purchasing FIRU Token
FIRU is a new cryptocurrency so it can’t be purchased through fiat currency. The buyers need to purchase a cryptocurrency from an exchange if they want to obtain these tokens. Normally, people use USDT or BTC for purchasing FIRU tokens.
After purchasing cryptocurrency from an exchange, the users have to transfer their funds to Uniswap or Finexbox because the FIRU token is currently available for trade on these exchanges. Uniswap has an easy-to-understand user interface compared to Finexbox.
Once the users have purchased FIRU tokens from the exchange, they need to transfer those tokens to a secure wallet. The users will be able to transfer their FIRU tokens to FiruDex or other products of Firulais once these products are publicly launched.
An Active Community
Firualais currently has 35000+ community members who participate in the growth of the project. The members consistently share their opinion about the growing project because the Firulais team always considers the community votes when making an important decision.
Conclusion
Firulais is a strong Defi project dedicated to offering a better alternative to existing Defi projects. The company has announced that they are going to launch three essential projects for the crypto market. Firulais token is an attractive option for those who want to earn a consistent passive income from the crypto market because FIRU token distributes rewards among its holders using Auto Rewards Farming.
We’ll share more information about Firulais token once it’s products are launched publicly.