What is FIDR goals?

Our goal is straightforward: we want to create a token that can be used as an asset. FIDR token as an asset, must have value, be easy to liquidate, could be used as collateral, be relatively stable or continue to strengthen, and be widely used and trusted.

We must collaborate in the community to make it happen by coming up with innovative ways to make FIDR an asset and introducing FIDR to new communities on a regular basis.

FIDR Details

Asset Code:
FIDR
Total Supply:
There will only ever be 5 million FIDR tokens in existence.
Issuer:
GBZQNUAGO4DZFWOHJ3PVXZKZ2LTSOVAMCTVM46OEMWNWTED4DFS3NAYH
Blockchain:
Stellar Network
Explorer:
Stellar Expert

What is iFIDR?

The iFIDR token is a type of interest token. The iFIDR token is a liquid token that can be traded, redeemed, or sent at any time.

To maintain the exchange rate and control the number of iFIDR tokens in market circulation, the APR Program mechanism is used to distribute iFIDR tokens.

iFIDR Details

Asset Code:
iFIDR
Total Supply:
Only 3,000,000 iFIDR tokens have been minted so far, and they will be distributed via the APR Program. New tokens will be reprinted only after all previously minted tokens have been distributed.
Issuer:
GBVVM7ZYANANRP3DWVRANRDUU4M7J5W77EDTSZFD62LQ7SOHJD5IFIDR
Blockchain:
Stellar Network
Explorer:
Stellar Expert

Why Stellar?

Stellar uses industry-standard public-key cryptography tools and techniques, which means the code is well tested and well understood. All transactions on the network are public, which means the movement of funds can always be audited. Each transaction is signed by whomever sent it using the Ed25519 algorithm.

What is Stellar?

Stellar is an open-source network for currencies and payments. Stellar makes it possible to create, send and trade digital representations of all forms of money - dollars, pesos, bitcoin, pretty much anything. Stellar's designed so all the world's financial systems can work together on a single network.

For more info: https://www.stellar.org

What are Lumens?

Stellar's purpose is to support digital representations of any currency and has a native built-in token, called the lumen, created to fill a unique role in the network. By design, Stellar requires that each account holds a small number of lumens at all times. Having lumens in reserve activates a wallet on the network, allows it to send transactions, and create trustlines to other Stellar assets.

For more info: click here

What are Trustlines?

When you hold assets in your Stellar wallet, you're actually holding credit from a particular issuer. The issuer has agreed to trade you a digital representation credit on the Stellar network for the corresponding asset in the real world. To receive or hold an asset issued by an anchor in your Stellar wallet, you must establish (or create) a trustline to that anchor's asset first. Doing this signifies that you trust the issuer to allow you to redeem the real-world asset at a later date by trading back the digital representation. Trustlines also protect you from having random and unwanted assets sent to you.

For more info: click here

What is Claimable Balance?

This newer feature of the Stellar Network creates opportunities that weren’t possible before on the network. A Claimable Balance represents the transfer of ownership of some amount of an asset. Claimable balances provide a mechanism for setting up a payment that can be claimed in the future.

Claimable balances can be designed with time restraints, like claiming before, during, or after a certain time. This gives developers opportunities to create time-restricted locked assets. This claimable balance feature is what we chose to use in the APR and Pawn Shop programs.

For more info: click here

Where to Trade FIDR?

You can use many interfaces to access the SDEX (Stellar Decentralized Exchange). Here are some that we recommend:

  1. https://lobstr.co/
  2. https://www.stellarx.com/
  3. https://stellarterm.com/
  4. https://stellarport.io/

What Stellar wallet do we recommend?

The stellar wallet application that we recommend is LOBSTR which you can download at https://lobstr.co for desktop applications and on Google Play or the App Store for mobile.

LOBSTR is one of many interfaces that allows you to use your Stellar wallet easily with the Stellar network. LOBSTR provides highly secure storage for your Lumens and other digital assets, offering 2FA and multisign protection.

For more info: https://lobstr.co

What Is the APR Program and How Does It Work?

The APR program aims to directly engage FIDR holders in the development of the FIDR token ecosystem. Each holder will receive an annual interest rate if they participate in the APR program for 365 days, which will be distributed proportionally every day as a reward.

You must send a minimum of 5 FIDR to the special Public Key (Stellar Address) provided to join the APR Program. The FIDR token you send will be returned to the sender's Public Key as a Claimable Balance that can be reclaimed 365 days after delivery.

Only the first 400,000 FIDRs who join the APR program will earn interest in the form of FIDR tokens and iFIDR tokens at a 6% annual interest rate. If the number of FIDRs in the APR Program reaches 400,000, the interest will be distributed only in the form of iFIDR tokens to participants.

Simply send your FIDR token to:

GB6SHWIIJXVDO34DGS22XB3XJB4YBKXNPLW5IXSUZQOHJGLRTHBIVOMH

APR Program Status

Total Claimable Balance:
Accounts Participated:
Distributed APR:
Annually Percentage Return:

What are Pawn Shop?

Soon we will launch FIDR Pawnshop and currently, we are preparing the infrastructure to support this program.

This program provides all FIDR holders with a loan facility in the form of XLM coins by mortgaging their FIDR tokens. The XLM coins loan provided is equivalent to the value of the mortgaged FIDR tokens, based on the real-time exchange rate on SDEX. Loan terms of one, three, and six months are available, with an interest rate of 0.5 percent per month of the total FIDR pawned.

Contact

Use this contact form if you want to get to know more about us or if you want to report any issues related to our programs.

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