What is Flac?
Flac Finance allows digital asset owners to borrow fiat or stable coins instantly against their crypto holdings without selling them, providing efficient and cheap liquidity. Users can make their digital assets work for them by earning rewards and providing liquidity to the platform.
Flac Finance integrates with countries financial infrastructure to provide access to a wide range of regulated financial services to the users, which includes Flac Credit Card, banking integration, and payment solutions like UPI.
Borrow fiat against cryptocurrency assets
Pay for everyday needs using cryptocurrency
Earn staking rewards
Features
Instant Loan
Get low-interest instant loan against your crypto holdings. Keep your crypto assets for future value appreciation.
Payments
Pay using crypto and fiat, or with an instant loan for daily essentials. Process payments online or in-store using a credit card or mobile wallet.
Earn
Earn stable rewards on fiat and crypto holdings, rewards payouts every day. Earn higher yields when holding FLAC tokens.
Swap
Instant swap between supported cryptocurrencies and fiat currencies. Earn cashback in FLAC tokens.
Bridge
Transfer tokens easily between multiple networks using secure smart contracts.
ISPO
An Initial Stake Pool Offering is a fundraising mechanism built on Cardano. Users can delegate to project stake pools to support the project without having to spend their ADA holding or lock it up in a smart contract. Users earn project tokens by giving away their ADA staking rewards.
ADA holders can stake with FLAC pools and earn FLAC utility tokens in return.
Governance
Discounted Loans
Higher Interest Returns
Staking
Platform : Cardano Native Token
Ticker : FLAC
Total Supply : 2,000,000,000
ISPO Allocation : 600,000,000
Decimal : 6
Roadmap
2022
Q2
- Community Partnerships
- Core Team and Leadership Identification
- Marketing Campaign
- Release Whitepaper
- Private Investments
- Launch Initial Stake Pool Offering
Q3
- Start the process for financial institution registration in India
- Start building partnerships with banking institutions
- Partnership with local crypto exchanges
- Flac Architecture review
Q4
- Flac Platform R&D and Engineering
- Web and Mobile UX/UI development
- Authentication Layer
2023
Q1
- End of Initial Stake Pool Offering
- Airdrop FLAC ISPO tokens
- FLAC token on Cardano dexes and exchanges
- Flac Platform R&D and Engineering continues
- User Account management
- Custodial solution - Cardano, Cardano Native Tokens
Q2
- Support for BTC, ETH
- Lending Crypto Assets
- Borrow Crypto Assets
- Crypto Withdrawals
Q3
- Fiat Payment Gateway integration
- Fiat Bank Transfer
- Swap Crypto and Fiat
- Fiat withdrawals
Q4
- Auto KYC/AML implementation
- Instant Loan via real-time payments
- UPI integration
2024
Q1
- Referral program
- Flac Credit Card
- Cross-chain bridges
Q2
- Expand the platform around the globe
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.
Flac Finance is a RealFi platform that seeks to provide regulated financial services to users in India and worldwide. A RealFi platform that is faster, safer, and accessible to everyone.