Abstract
The cryptocurrency was developed by Satoshi Nakamoto as a digital currency which will be an alternative payment system from traditional payment systems such as those used by many banks. By using cryptocurrency, it allows users to make transactions faster, cheaper, and more secure. In particular, cryptocurrencies, such as Bitcoin, are designed with a decentralized system, which means that no one party can interfere with the Bitcoin network, not even the government itself. Therefore, cryptocurrency is considered an alternative payment system that will be used by many people in the future.
The increasingly massive adoption of cryptocurrencies is inevitable, and seeing this, Federal Money took the initiative to be able to present a central bank that allows people to synergize together to build a global decentralized monetary system. Federal Money will be a platform that will provide various financial services to global users. Where users can access various DeFi features more easily and safely.
Central Digital Bank
Decentralized finance is a financial protocol that provides various financial features that users can easily and securely access through their devices. With DeFi, users can swap tokens, stake tokens to get passive income, borrow digital assets with collateral, and do many other things that can be done with DeFi. DeFi is considered banking, but in a digital form and more affordable for everyone. Seeing the significant development of DeFi, Federal Money wants to become a central bank that will bring DeFi to wider use. Backed by a multi-lever algorithmic stable coin network and a reliable team, Federal Money believes it can provide a digital bank where users can access various financial features more easily and securely.
Federal Money empowers people to build a global decentralized monetary system, which is built by people and for people. In this way, everyone can participate in providing an inclusive and modern financial ecosystem, which is available to everyone around the world.
Federal Money Features
Federal Money is a financial platform that will provide various DeFi features to users. By going through Federal Money, it allows users to borrow money easily and no credit check. Federal Money offers lower interest rates and more flexible payments to users. But that's not all, there are several other features of Federal Money:
Lending Crypto: Users can lend their digital assets to get quite promising interest. There is no minimum amount and the APR offered is also quite high compared to traditional banking.
Spend For Personal: Users can use Federal Money for their various personal needs. Users can borrow crypto easily at checkout and pay later. Federal Money offers fairly low-interest rates and no credit checks.
Solutions For Business: Businesses can use Federal Money to get loans and payments for their businesses. This solution, enabling faster, cheaper, and easier payments.
Buying Crypto: Make it easy for users to be able to buy crypto quickly and easily. Users can buy the cryptocurrency they want and pay for it with FIAT.
Tokenomics
FZERO is the native token of Federal Money that will support the operation of the platform. FZERO was launched with a stable coin protocol, where the price will be stable, different from usual cryptocurrencies because it has been pegged to various fiat currencies. FZERO has the main function as a means of payment on the platform. And also users can use FZERO to provide liquidity to the platform and in return, users can earn quite high interest. And not only that, FZERO will also serve as a reward and governance token.
Federal Money Roadmap
Federal Money is planned to be launched in BETA in Q3 2021, here the team will develop the infrastructure of MPOC, launch an algorithmic stable coin and governance token, and then set up the incentive system, which will greatly benefit users. Then approaching Q2 2022, the team will conduct partnerships with various parties and add more functions to make the Federal Money ecosystem more reliable. The team plans to launch the main net in Q2 2022, where the features and ecosystem are more stable.
To conclude
Decentralized finance is an umbrella of various financial features that enable users to access financial services that are more inclusive and more affordable for everyone. Here users can swap tokens, stake tokens or get loans with collateral and many other things. And Federal Money is here as a digital central bank which will take DeFi to a wider use case. Federal Money with its solution will empower people to be able to build a global decentralized monetary system. With this, it allows people and businesses to gain access to more modern financial services, where they can borrow/lend money with interest, spend it personally, etc. Backed by a multi-lever algorithmic stable coin network, Federal Money is optimistic that it can become a digital central bank that everyone can rely on.
Connect with Federal Money
WEB: https://federal.money/
TWITTER: https://twitter.com/FDRL_Money
