Welcome to Fulcrom #CROFAM
Introducing Fulcrom Finance
Fulcrom is a decentralized perpetual exchange built on Cronos for pro traders.
At Fulcrom, our goal is to revolutionize the way traders access leverage trading, allowing users to trade leveraged positions for up to 25X with minimal fees and low price impact while ensuring all trades and collateral are transparently stored on the blockchain.
Who is behind Fulcrom?
Fulcrom is led by a team of experienced professionals passionate about transparency and decentralisation. Our team has a strong background in finance, computer science, blockchain technology and experience in the crypto industry.
We are committed to building a platform that meets the needs of pro traders.
Why Fulcrom?
What sets Fulcrom apart is our commitment to decentralisation and transparency. Unlike many centralised exchanges that offer perpetual contracts, our platform brings these innovative derivatives on-chain, offering a secure and reliable way for traders to access them on Cronos.
On Fulcrom, traders have complete control over their funds. Fulcrom allows them to trade straight from their crypto wallet without signing up, providing plug-and-play functionality. This means that traders can focus on what they do best — trading, rather than spending time filling out account forms.
Why Perpetual Contracts?
Perpetual contracts are derivative products similar to futures contracts but have no expiry or settlement. These contracts offer several benefits to traders:
Capital efficiency through leverage: With a perpetual contract, traders have the option to put down only part of the notional margin, rather than having to fund the full cost of the trade. This opens up capital to be allocated elsewhere or perform more trades.
No requirement to hold underlying assets: Perpetual contracts are derivatives, which means that traders do not need to own the underlying assets (such as ETH) in order to trade them. As long as there is sufficient collateral and a price feed, a perpetual contract can be traded for almost any token.
No physical settlement: Trades can be held with leverage in perpetuity as long as the trader has sufficient collateral to pay for ongoing fees. There is no physical settlement of the underlying, as there is no expiry. This makes trading perpetual much easier.
Mobility Focus
At Fulcrom, we also understand the importance of user experience, especially on mobile devices. In a fast-moving market, traders need quick access to positions and information, and Fulcrom aims to provide that by focusing on mobility and good design.
Many decentralized perpetual exchanges are built with a desktop setting in mind, but mobility is essential for traders. That’s why we’ve designed our platform to be accessible on mobile devices, allowing traders to take advantage of opportunities and make informed decisions on the go.
Fulcrom Utility Tokens
Fulcrom is powered by two primary utility tokens: $FUL and $FLP.
$FUL is the native governance token of Fulcrom that can be staked within the ecosystem to earn rewards and revenue. It will also have future utility on the trading platform.
$FLP, the native liquidity token of Fulcrom, is an index token made up of bluechip assets like $BTC, $ETH, and stables. Its value is partially derived from the price of its underlying assets and acts as the counterparty for all trades on Fulcrom. It also earns a larger share of protocol revenue compared to $FUL.
Fulcrom also aims to provide a sustainable share of protocol revenue to our $FUL token holders through a distribution plan that includes a staking pool, a Fulcrom treasury, and the Fulcrom liquidity pool ($FLP).
More information about our tokenomics will be available at a later date. So stay tuned on our socials.
Why Cronos Chain?
Fulcrom has chosen to build on the Cronos Chain due to its high scalability, low transaction fees, and integration with other DeFi applications.
The Cronos Chain is designed to handle a large number of transactions without delays, making it suitable for a perpetual exchange that involves a high volume of trades. Its proof-of-stake (PoS) consensus mechanism also helps to keep transaction fees low.
Additionally, the growing Cronos DeFi ecosystem offers opportunities for seamless integration and liquidity accessibility for a trading platform.
And we are thrilled to announce that Fulcrom has been incubated by Cronos Labs. Cronos Labs is a well-respected incubator that has helped numerous companies succeed and reach their full potential on Cronos.
We believe that this incubation will provide us with valuable resources such as networks, mentorship, and guidance from experienced professionals. We are confident that this partnership will help us achieve our goals and contribute to the overall success of Cronos Chain.
Moving Ahead
Blockchain technology has the power to drive innovation and empower individuals, and decentralized perpetual trading is a prime example of this potential.
In the coming weeks, we will share more details about our launch and tokenomics. We are dedicated to creating a secure and trustworthy platform that gives traders the control they need to succeed. Let’s build the future together.
Check on Fulcrom Finance today!
📍Main site: https://fulcrom.finance/
📍Fulcrom Analytics: https://stats.fulcrom.finance/
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