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  • 1. Overview
  • 2. Fiat24's three pillars
  • 3. G.T.M.
    • Stage 1: Fiat24 dApp
    • Stage 2: "BaaS" for DeFi
    • Stage 3: "PayPal" for CEX
    • Stage 4: OTC on Uniswap
  • 4. Market Analysis
  • 5. Core Team
  • 6. F24 Token
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6. F24 Token

Previous5. Core Team

Last updated 5 months ago

F24 (ERC-20) is a reward token designed to align the interests of the various participants in the Fiat24 ecosystem. We created F24 to incentivize early adopters while generating profits for the company.

The F24 token has two primary uses: 1) Burning one F24 token is required when a new user opens a Fiat24 account. 2) Upgrading to premium banking services—which offer higher limits and lower fees—requires the burning of 1,500 F24 tokens.

If we sell all our premium accounts, 48% of the total token supply is expected to be burned. Additionally, around 6% is anticipated to be burned for the creation of standard accounts.

The F24 token is designed for a deflationary lifecycle, with tokens being continuously burned. As Fiat24 gains popularity, the demand for F24 is likely to increase, which should, in turn, drive up its market value.

For more details, please refer to the dedicated page:

https://docs.fiat24.com/products/f24-token