What is Falcon Coin?

in cryptocurrency •  7 years ago 

What is Falcon Coin?

They're a new decentralized cryptocurrency. The main part that investors will be interested in however is their lending platform. There's been a huge rise of lending platform ICOs recently. Bitconnect tarted the trend and have since gone on to reach a huge market cap of $1.4 billion. Then came Regalcoin which gave investors 30-40x profits in a few weeks just with the increase in the value of their coin.
Falcon Coin states on their website that they have a trading bot that trades on the volatility of bitcoin, similar to how bitconnect operates. They're offering the chance for investors to lend them money and receive returns of over 1% per day depending on the volatility of Bitcoin.
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The Lending Platform

The lending platform is set to go live as soon as the ICO finishes with the platform stating that they already have the details complete and are just waiting for the coin sale to finish. Their lending platform will pay out the interest on your loan every single day.They offer 6 different loan options as follows:

  • Invest $1-$1000 and receive just the bitcoin volatility interest, with bitconnect this has been around 1% per day. Return of your capital after 180 days.
  • Invest $1001-$5000 and receive the volatility interest with an added bonus of a guaranteed 0.1% per day. Return of capital after 180 days.
  • Invet $5001-$10,000 and you'll receive the volatility interest with an extra 0.15% per day. Return of capital after 180 days.
  • Invest $10,001-$50,000 and you'll receive the volatility interest and a guaranteed 0.2% per day. Return of capital after 180 days.
  • Invest $50,001-$100,000 and you'll receive volatility interest with 0.25% per day. Return of capital after 180 days.
  • Any investments over $100,000 per day will receive the volatility interest with a huge bonus of 0.3% per day. Return of capital after 180 days.

How to use the lending platform?

Using the new lending platform will be simple. To get started you first deposit bitcoin to the platform, exchange your bitcoin for Falcon coin and then select your desired loan option, interest will be paid directly into your wallet every single day.
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Trading

The new platform states that they'll have an internal exchange aswell as planning on being listed on external exchanges. With the previous lending platform ICOs the profits have been huge, Regalcoin gave a 3000% ROI in just a few weeks.

Staking

They also plan to offer staking from December, doing so will earn you 180% per year interest.

Mining

Users will also have the option to mine the new cryptocurrency with CPU/GPU, they state that 10 FFC coins will be generated every 2 minutes, offering miners a great opportunity to make money.

Referral Program

As with most of the lending platforms their main method for recruiting new users is to use a referral program. Their program pays out 5% on all loans on any users to recruit to the platform.

Roadmap

  • October-November 2017: ICO begins with 6.25 million coins available.
  • November 2017: As soon as the ICO is finished the new lending platform will go live.
  • December 2017: The internal exchange goes live. They also aim to be listed on external exchanges by early December of this year.
  • January 2018: They state that once their platform is running smoothly they plan to launch new products, they'll give further details towards the end of this year.
  • February 2018: They plan to upgrade their platform.

Falcon Coin ICO Details

  • Total coins for sale: 6.25 million.

  • Price: Currently just $0.9 per coin.

  • 5 stages of the ICO with the price slowly increasing.

  • Sale dates: Until November 15 or until hard cap is reached.

Falcon Coin Conclusion

The new platform offers a new chance to make a huge profit by just waiting for the coins to get listed on an external exchange or offers the option to earn additional interest with their lending platform. Please note all investments like this are highly risky, I recommend investing with other platforms too to spread your risk.
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