What is Flexa Coin? A Guide to FXC Token

The name “Flexa” is an abbreviation of flexibility, according to the team. Flexa requires no additional hardware at the point of sale and optimizes for seamless payment and receipt for the consumer and merchant. It enables an entire ecosystem of applications to process feeless and instant digital payments for the users. Flex powers Gemini, SPEDN, BRD, Celo Wallet, CoinList etc. applications to allow storage, buying/selling and swapping of digital assets.

Flexacoin news

Flexacoin describes itself as a digital collateral token for facilitating instant cryptocurrency payments, originally developed to collateralize retail payments on the Flexa network. Flexacoin is designed to mitigate the friction between customers paying with crypto and merchants accepting fiat. Users scan a QR code at the point of sale, and the Flexa Network Protocol (FNP) trades the crypto spent for fiat which is then returned to the merchant.

Flexacoin (FXC) Historical Data

Investors should conduct their own research and analysis before making any investment decisions. You should also be aware of the potential for loss, and only invest what you can afford to lose. The Flexa system is designed to be highly modular, and thus, allows the integration with different payment systems. It is heavily customizable to fit all particular requirements of a business. The Flexa system offers significant advantages and revolutionary improvement over the traditional payment system. The token itself is built on the ERC-20 standard, which runs on the Ethereum blockchain.

Flexacoin Price History

  1. We also gather additional information from different sources to ensure we cover all necessary data or events.
  2. Reddit is a popular platform where cryptocurrency communities often gather to discuss news, trends, and insights related to a particular coin.
  3. Built on Ethereum, the native Flexacoin is a digital token built for facilitating commerce.
  4. The Flexa project claims to be the “simplest and safest way” to allow retail usage of crypto-currencies today.

Its closest competitor – the Bitcoin’s Lightning network, in comparison, has a TVL of $11.6M in its public channels. Based in the United States, the Flexa project was launched in 2019 by Daniel McCabe, Trevor Filter, Tyle Spalding and Zachary Kilgore, who served different roles. The fundraising was carried out via private sale, for which Access Ventures was the leading investor. The table above shows the number of days which Flexacoin closed above a certain price level.

Track Flexacoin’s history in its entirety, ranging from the Flexacoin starting price to the most recent FXC price data. FLEX can be held on CoinFLEX, SLP wallets such as bitcoin.com, erc20 wallets such as metamask, and cold storage devices such as ledgers.Where can I learn more about FLEX? You can join the official CoinFLEX telegram, follow CoinFLEX on twitter, and you can check out the exchange. The only exchange to issue two interest bearing stablecoins flexUSD and noteUSD. A growing hub for derivatives traders with the cheapest perpetual funding rates as well as a strong contender in the crypto collateralized borrow/lend and unsecured lending industry. Adding FLEX Coin (FLEX) to MetaMask allows you to view your token holdings, trade on decentralized exchanges, and more.

The team combines extensive experience in technology, retail, and payment technology. Its members have worked with American Express, Capital One, the MIT media lab, NASA, Paypal, Warby Parker and Starbucks. An overview showing the statistics of Flexacoin, such as the base and quote currency, the rank, and trading volume. The trading volume of FLEX Coin (FLEX) is $1,668.18 in the last 24 hours, representing a 0.00% increase from one day ago and signalling a recent rise in market activity. The Flexa projects’ user experience/interface is largely considered by many to be more convenient and powerful than the Lightning network. FLEX was originally minted on BCH’s SLP network and has expanded cross-chain to include ERC-20 as well.

This success award goes to the combination of people, accurate crypto market analysis and data, the latest news, latest blogs, advertisement placements, and many more. This means that merchants can be certain that the payments can’t be reversed unlike in traditional banking. The world of Decentralized Finance (DeFi) is about disrupting the traditional financial system. And there is no better disruption than taking over the multi-billion dollar payment industry. After all, traditional financial services are known to overcharge their customers and are highly inefficient. View the total and circulating supply of Flexacoin, including details on how the supplies are calculated.

The Flex Network Protocol (FNP) is an open source protocol powering the Flex ecosystem. It allows for the addition of retail payments features, bringing acceptance of digital assets, reducing complexity, and minimizing volatility. The native token of the Flexa project is the Flexacoin Collateral Token (FXC). It secures all payments in real time, allows conversion of different crypto-assets, provides FIAT support and final settlement on chain. Built on Ethereum, the native Flexacoin is a digital token built for facilitating commerce.

In terms of market cap, Flexacoin is currently ranked #3116 in the Ethereum (ERC20) Tokens sector. The price of FLEX Coin (FLEX) is calculated in real-time by aggregating the latest data across 1 exchanges and 1 markets, using a global volume-weighted average formula. The most popular exchange to buy and trade FLEX Coin is Uniswap V2 (Ethereum), where the most active trading pair FLEX/USDC has a trading volume of $1,665.90 in the last 24 hours. Wealth distribution is an important factor to consider when researching a cryptocurrency. It refers to the percentage of the total supply of the cryptocurrency held by the top wallet addresses. The protocol has mastered a way for cryptocurrencies to be utilized efficiently for acquiring / trading goods and services.

In a manner similar to the basic principles of the blockchain, completed transactions become final and immutable. The Flexa payments are 100% digital from start to end, allowing them to transfer and https://turbo-tax.org/ settle in seconds. The transactions within the system don’t include any sensitive information to identify the sender. Instead, it uses an undecryptable digital code to send payment information.

Flexacoin is a cryptocurrency that is highly volatile and therefore may not be suitable for all investors. The Flexa project claims to be the “simplest and safest way” to allow retail usage of crypto-currencies today. This DeFi project has acquired its reputation and value by enabling different crypto-assets to be used for payments on its digital wallets. And these are done in an instant and highly-secure manner for users and merchants alike. Trading and investing in digital assets is highly speculative and comes with many risks. The analysis / stats on CoinCheckup.com are for informational purposes and should not be considered investment advice.

With so few competitors in the blockchain payment processing field, there’s little doubt that Flexa will command a higher market-share in the future. The Flexa projects currently support a wide variety of stable, prominent cryptocurrencies. For instance, the stablecoins DAI, Gemini dollar, USD coin etc. are supported. Flexa complements the lending, borrowing, derivative, synthetics, liquidity mining and other DeFi processes by adding a much-needed payments component. The current total value locked for Flexa stands at $86.8M, which gives an idea about the popularity and impact of this powerful technology. Flexacoin is a blockchain based application, build for allowing users an easy way to spend cryptocurrency in stores instantly.

The whitepaper specifies that the protocol aims to be compliant, useful, instant, and secure. Out of which, 20% was reserved for token sale investors, 25% for merchant development fund, 25% for developer grants, 10% for the network development fund and 20% for the team. The Flexa project consists of SDK for digital wallets, the Flexacoin Collateral Token (FXC) and the Flex Network flexacoin price Protocol – which defines the mechanism and powers the technology for operation. The Flexa project is a set of decentralized components and protocols, powering a versatile payments network to make cryptocurrencies spendable everywhere. It is designed to facilitate economic activity, act as an intermediary for payment transmission, and create a major use case for the blockchain.

By using this technology, customers can pay using cryptocurrency and merchants can receive payments in fiat. Therefore, it is impossible to accurately predict the price of Flexacoin 5 years from now. Flexa’s FNP uses the ERC 20-compliant token called Flexacoin for transactions and a variety of members-only network incentives.

FXC is up 3.09% against Ethereum and down -4.66% against Bitcoin in the last 1 month.

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