FOLKS MOBILE: BRINGING CRYPTO TO YOUR POCKET
In a move to make crypto more accessible, Folks Finance has teamed up with a licensed Virtual Asset Service Provider (VASP) to launch Folks Mobile. This new app is set to bridge the gap between regulated financial services and the decentralized world of DeFi.
Key Features of Folks Mobile
- User-Friendly and Compliant: Designed with ease of use and regulatory compliance in mind.
- Liquid Staking: Earn rewards on your staked assets.
- Swaps: Seamless cryptocurrency exchanges.
- Lending: Borrow and lend crypto assets.
- Debit Card: Spend crypto without selling it. Collateralize your crypto to borrow stablecoins for spending.
Beyond Spending: Real World Asset (RWA) Investments
Folks Mobile aims to provide access to Real World Asset (RWA) investments within a regulated framework. This could open up new opportunities for users to diversify their portfolios.
Early Access and Waitlist
The app is still in development, but early users can sign up for the waitlist. The team behind Folks Mobile believes that this is the next step in making DeFi accessible to everyone. They want to abstract the technology so that users don't need to understand the complexities of DeFi to benefit from it.
Upcoming Token Generation Event (TGE)
The launch of Folks Mobile coincides with the upcoming FOLKS token generation event (TGE) on November 6th. The token will be integral to the app's functionality, offering users various perks and advantages.
Folks Finance's Vision
Folks Finance is known for its crosschain DeFi protocol, which allows users to lend, borrow, stake, and trade across different blockchains. With Folks Mobile, they are taking a step further to integrate these services into everyday life.