|Website: Falcon Coin|
White Paper: Falcon Coin.pdf
Total Coin Supply: 32,000,000(FFC)
Coin Supply: 6,250,000(FFC)
Investment Type: Trading Bot
How to Lend Guide: Here
Falcon Coin aims to be a community-driven cryptocurrency to act as an alternative to government controlled currency. Their customers are able to store their funds, mine, stake, trade, or lend in their crypto lending program.
Since they opened, the platform has experienced a number of issues; however, they have systematically worked through each one in a professional manner. They are willing to take feedback from their community and work through their problems. Additionally, they continually update their community with information.
Falcon Lending Platform
Falcon Coin opened their lending program in late November 2017. The platform’s crypto lending program differs from many others, in that they aggregate loans and re-loans and calculate bonus interest on the total amount of investment. This means that once your total investment amount is above $1001 USD, you will receive bonus interest, even if that amount is made up of many smaller investments. In contrast, many other platforms treat each investment separately, and lenders must meet the required amount for every new investment in order to gain the bonus.
Investors can use their lending platform from Falcon Coin’s website, and will receive daily interest (up to 46% per month) dependent on Falcon’s volatility software (and any bonus interest). At the end of 180 days, lenders will receive their capital back, but can reinvest into the program if they desire. Bonus amounts can be seen in the following chart:
|Loan Amount||Interest (Up to 46% a Month)||Term (Days)|
|$1-1000||Volatility Software Interest||180|
|$1001 – $5000||Volatility Software Interest + 0.10% Daily||180|
|$5001 – $10,000||Volatility Software Interest + 0.15% Daily||180|
|$10.001 – $50,000||Volatility Software Interest + 0.20% Daily||180|
|$50,001 – $100,000||Volatility Software Interest + 0.25% Daily||180|
|$100,000 +||Volatility Software Interest + 0.30% Daily||180|
Falcon Coin Performance
The Coin (FFC):
There is a total supply of 32 million FFC. 6.25 million coins were put up for sale during the ICO. The coins were sold for .85 – 1.05 USD. The ICO took place between 15 October and 14 November 2017.
Per their roadmap, Falcon plans to release an innovative new staking program in February 2018.
Currently, FFC can only be traded on their internal exchange. They do hope to be added to other exchanges in 2018.
Falcon offers a referral program to users who bring others to the platform. The platform pays a 7% commission for all referral investments.
Currently, the platform allows FFC to be stored on their dashboad. They also have a wallet for BTC available.
Falcon has the following planned for the upcoming year:
With 5-star ratings in 5/8 categories, Falcon currently has a 4.31 per our scoring system. Here’s why:
- Payout time (5 stars): Though the platform had problems in this area initially, once they discovered the source of the slow withdrawal times, they fixed it immediately.
- Exchanges (2.5 stars): Currently, the platform only has an internal exchange. They will receive more stars when/if they are added to an external exchange.
- Support (4.25 stars): Falcon is good at getting back to their customers and fixing issues in a timely manner.
- Interest Rate (5 stars): The platform has consistently paid their investors a good interest rate.
- Social Media (5 stars): The platform is extremely good at updating their investors with relevant information with Social media. They have even alerted their followers when their CEO was be available for chat on telegram.
- Days Running (2.5 stars): Falcon hasn’t been open very long. As the platform ages, they will receive more stars.
- Uptime (5 stars): Despite their various early issues, the platform remained online and accessible to to their users most of the time.
- Website (5 stars): Their website is easy to navigate and understand.
In Our News:
- November 3, 2017 – the platform had issues with BTC disappearing from users’ accounts and we warned our users. Falcon worked with us (and others) and were able to return the lost funds.
- November 28, 2017 – the platform went live. We had anticipated that their coin’s price would rise, but due to some hiccups, the coin fell in value.
- December 16, 2017 – Falcon came in third place for highest interest paid that week. The platform had issues with their exchange (now fixed).
- December 23, 2017 – We noted that the exchange was still down.
- December 30, 2017 – Falcon’s exchange was open again, but the withdrawals were slow.
- January 6, 2018 – We looked into why the withdrawals were so slow and processed several transactions ourselves. We realized there was a transaction that was too large for miners to process, and it was holding up other transactions. We contacted Falcon and they looked into the issue and fixed it.
- January 13, 2018 – We noted that their 60 BTC of backed up withdrawals were released due to their intervention! We hope for a bright future for this platform.
The website is online.
Frequently Asked Questions:
– How long will the lending program last?
- We don’t know. See our full disclosure for more information.
– How can I lend to the program?
- You may follow our guide.
– How can I reach support about a problem?
- There is a tab to contact support once you have logged into your account. You can also mail firstname.lastname@example.org
What do you think of Falcon Coin? Rate it and Comment below.