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Folgory

VOL. (24hr)
$37,432,654$37.43M
3.61%
Rank
144
Impact
4.50
Transp. Rating
C gradeC grade
Markets
Fiat
3

Folgory Trading Volume

(24 hour)
  • 1D
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Folgory Daily Performance

Folgory is a cryptoasset exchange located in Seychelles. Their volume over the last 24 hours is $37.43M. The exchange is rated “C” which means “Fair.” They allow trading with the following fiat currencies: EUR, GBP, and USD.

Data Summary
Impact Score
4.50
Transparency Rating
C gradeC grade(Fair)
Total Volume$37.43M
Volume Change$1.30M
(3.61%)
Markets
Fiat Currencies3
Coverage TypeTicker
1st Trade
1st 1D CandleFeb '22
1st OrderbookFeb '22
UpdatedRecently

Folgory Statistics

Volume$37.43M$37,432,654
Volume (Δ)
$1.30M (3.61%)$1,304,119 (3.61%)
Quote Dominance
Fiat Currencies3
Markets
Market Volume
Crypto Quote Dominance
1
2
3
4
5
Fiat Quote Dominance
1
2
3
4
5
Overall Quote Dominance
1
2
3
4
5
Volume Gainers/Losers
1
2
3
4
5
Volume (Δ)
1
2
3
4
5

About Folgory

Launched in May 2019, Folgory represents a centralized cryptocurrency exchange aiming to facilitate the process of purchasing digital assets and make crypto available to everyone. It is a regulated licensed exchange registered in Estonia, the European Union. Folgory is a brand of Folgory Corp. owned by HashFort LTD, a company incorporated in Mahe, Seychelles, providing real banking services.

The exchange offers a user-friendly interface, full 24/7 technical support, fast transactions, ease of use, fiat gateway, KYC system, a trading console, a wallet, and liquidity orders. Also, it gives access to 140+ cryptocurrencies, including some rare altcoins.

The Folgory mobile application is available for download on Google Play. It allows cryptocurrency traders to manage their digital assets on the go. It has an easy-to-use dashboard with real-time trading figures, trends, and up-to-date information.

Folgory security

Since the exchange prioritizes the safety of user funds and their personal information, it takes multiple measures to become reliable and trustworthy. For one, the exchange is authorized and regulated by the Estonian financial authorities. Next, it performs Know Your Customer procedures for all customers (individuals and legal entities). During the verification process, users have to provide proof of ID, proof of address, bank account details, a selfie with documents, and beneficial owner identification. Also, at the request of the EU authorities, the platform has included verification of the source of funds in its KYC and AML (Anti Money Laundering) procedures. It is worth noting that the account on Folgory becomes available only after the completion of the verification process.

In addition, users must enable 2FA to securely send and receive funds. Besides, the system checks all trading activities and withdrawals, and if it detects inappropriate actions or incorrect calculations, it will automatically correct the balance. For example, if your balance increases without meaning due to some unknown mistake when canceling an order, all withdrawals without authorization get blocked until the system fixes the amount. All these security measures seem to be working well as at the time of writing, there is no information about hacker attacks on the exchange on the network.

The Folgory token

Launched on October 24, 2019, the Folgory Coin (the ticker FLG) is a native asset of the Folgory exchange. FLG is based on Binance Smart Chain with its maximum total supply being capped at 630 million coins. The token is used for covering trading commissions within the Folgory ecosystem. It can be bought and traded against BTC on the Folgory exchange.

Folgory services

The Folgory exchange provides its users with several impressive features and services, such as staking, click earnings, cloud mining,

The platform gives users the possibility to earn satoshi by simply clicking on its advertisements. Also, as a reward for staying connected with Folgory, they can receive 0.5 FLG to their wallet every 15 minutes. All they have to do is to visit at least 5 pages in 15 minutes.

Cloud mining is another interesting service offered by the platform. Users can choose one of the two tariff packages: €13 for 1 terahash for a year or € 20 for 1 terahash for 3 years. Only Bitcoin mining is available at the time of writing.

Also, Folgory provides its supporters with a range of investment opportunities enabling clients to stake their bitcoins, USDT, and Folgory Token at high-interest rates under multiple investment plans. For instance, staking BTC allows earning 5% monthly. At the same time, the size of income is fixed and does not depend on the state of the cryptocurrency market. Additionally, users can make money by investing in IEOs hosted on Folgory. To protect its users, the Exchange selects only reliable projects with clear goals and transparent management.

In addition, Folgory offers a debit card supporting fiat currencies such as EUR, GBP, USD, etc. as a part of the program enabling users to open bank accounts directly on the platform. The card is linked directly to the IBAN of the user’s Folgory account and can be pre-ordered for $20.00.

What’s more, Folgory has expanded its network with Folgory Exchange white label, i.e. it provides a quick and effective solution for creating a separate trading platform in the cloud or on their server. Newly launched exchanges can come with a large number of features, including a trading console, liquidity orders, a wallet, KYC system, unlimited listing, fiat gateway, and the possibility to choose the partner’s liquidity. The package prices start at 3 BTC.

The company provides a Folgory Wallet mobile app that can be downloaded from Google Play and App Store. It was designed to facilitate the process of transactions, sending and receiving payments, and generating addresses. The app offers a fully customizable dashboard, a QR code payment generator, push notifications, and a swap exchange with main trading pairs. In addition, one can activate and deactivate wallets with its help. Moreover, Folgory provides a simple REST API to integrate Bitcoin, Bitcoin Cash, Litecoin, and Ethereum payments into one’s business or application.

Folgory offers help in launching tokens as well. The creation of a new coin costs as little as $500 in BTC. Projects can select Ethereum, Binance Smart Chain, or Avalanche for this purpose.

Folgory fees

The platform charges a trading fee of 0.20% for both makers and takers. The minimum deposit, minimum withdrawal, and commissions are determined by the token type. For example, one has to pay 0.0005 BTC for a Bitcoin withdrawal. To withdraw an ERC20 token it is necessary to have 0.01 ETH to cover the gas fee. Fiat currency deposits are possible through wire transfers and credit cards. The minimum deposit is $10, €1000, or £1000. Crypto deposits are free.

Folgory team and partners

There is no information on the web about Folgory team members, as they prefer to remain anonymous. It is only known that the team includes developers from different countries. Jacob Cooper, a former manager of a satellite company with 25+ years of experience in the area of legal compliance, has been the Chief Compliance Officer at the company since January 2019.

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