FLUID Tokenomics and Token Utility
Fluid Finance is a financial technology company based in Geneva, Switzerland. Fluid offers a global financial super-app that allows users to seamlessly connect a bank account directly to a crypto wallet for the first time. Launched in beta in June 2022, the company has over 110,000 users in 72 countries.
The company has one of the largest multi-disciplinary teams in the space, with over 70 (mainly tech) employees ranging from Silicon Valley to Tbilisi, Georgia, many of whom have been hired from the community. Fluid is the subject of a behind-the-scenes documentary series from Real Vision called A Year in the Life of a Disruptive Tech Start-up.
Tokenomics
The tokenomics are set out below.
The vast majority of tokens (75%) are locked up for at least 4 years.
The team tokens are locked for up to 2 years. It is planned that team tokens will have the same restrictions as the Founder and Chairman, meaning that team members can vote and sell tokens but not into crypto pools. Including Founder, Chairman and team tokens, it is possible that 89% of the tokens may never be made available in crypto pools.
The Founder and the Chairman have contributed their own tokens to create an ETH — $FLUID pool on the SushiSwap exchange on Arbitrum. This is to facilitate trading in the tokens for the benefit of the community.
Fluid currently has 120,000,000 tokens outstanding. This number will be increased to 140,935,618 in early 2023 to reflect the current tokenomics. This is likely to happen at the same time as the company’s planned move of the tokens to Ethereum mainnet.
An overview of tokens by holder is set out below.
Token details
Contract address
https://arbiscan.io/token/0x876ec6be52486eeec06bc06434f3e629d695c6ba
Exchange
Sushiswap on Arbitrum (and soon on mainnet)
https://www.dextools.io/app/en/arbitrum/pair-explorer/0x3b1afeed07b49652df107145feb493c251545619
Product offering
Fluid has integrated into traditional banking architecture, including via Currencycloud (which also underpins Revolut, Klarna, eToro), and crypto (on Arbitrum, with Ethereum mainnet deployment coming soon).
A summary offer of the company’s products is set out below.
Token purpose
The $FLUID token has two purposes: participation in Fluid’s products and utility on the Fluid platform (essentially user benefits).
Token utility
In addition, $FLUID tokens provide the following user benefits by tiers.
It should be noted that these levels may be adjusted in the event of a sizeable increase in the price of the token.
- Reduced fees.
2. Higher deposit limits on the Fluid Account saving products
3. Lower fees on DeFi savings products.
4. Exclusive (and priority) access to products.
5. Community airdrops
FLUID aims to provide a full ecosystem with different products in DeFi, CeFi, DAO. Some of these products may have secondary tokens, all directly related and giving complementary use cases to the FLUID token.
All benefits conferred by $FLUID token tiers will be effective end of Q4 2022.
User testimonial
📆 Be part of the Future:
Download the mobile app! Available on iOS and Android!
- Follow our Twitter
- Check out our website: fluid.ch
- Sign up for an account at: app.fluid.ch (<15 min)
- Join our Telegram community & the Announcement Channel
- Or our Discord community
- Inspect our GitLab
- Watch our YouTube
- Read more about digital dollars (DUSD)
We’re constantly looking for talented developers and other professionals to join our team. Many in the core team started as investors and community members.
We’re also pursuing partnerships across the ecosystem, mainly to grow the adoption of DUSD, and Fluid accounts.
Signing up on our web-app is an easy and intuitive process.
If you prefer detailed instructions on how to use the web-app, you can read this piece:
