FIRMACHAIN Launches ‘Firma Station’ Mobile App
Hello! This is FIRMACHAIN.
Do you remember the ‘Firma Station Mobile Application’ that we introduced in the third chapter of G.E.F?
We are officially announcing the launch of the Firma Station Mobile Application.
Both Android and iOS versions have been released. You can search ‘FIRMASTATION’ on the respective app store to download the application.
Against FIRMACHAIN’s genesis validators and some testers, the team already completed the beta testing of the Firma Station mobile application last month. We are happy to announce the official release of the application as the team conducted intensive testing on the application for the past month and have internally determined that the application is finally ready for launch.
As more and more cryptocurrency exchanges support FIRMACHAIN’s mainnet Colosseum, the use for Firma Station is also expected to increase. By using the Firma Station mobile application, users can now easily participate in the Colosseum ecosystem without any physical restrictions that existed when having to use the PC version of the Firma Station application.
Check out the following link to learn more about how to use the Firma Station mobile application.
▶ Login
In order to participate in the FIRMACHAIN’s ecosystem, users must be in possession of a digital wallet that Firma Station calls ‘wallet’. In order to access the wallet, users must login to the Firma Station application. Originally users had to create their new wallet only by logging into the desktop application or the web version of Firma Station. With the release of the Firma Station mobile application however, users can more conveniently create their new wallet on their mobile device.
Furthermore, the Firma Station mobile application makes it much easier for user to recover their wallet using either the Mnemonic or the paper wallet QR code issued on the Firma Station desktop application. For a more detailed user guide of the paper wallet, please refer to the following link.
Using wallet creation and recovery, it is possible to register multiple wallets on a single mobile device. Without having to recover the wallet using mnemonic when switching between different wallets, users can now simply enter the password for the respective wallet to login to a different wallet.
Try using different wallets for different purposes such as staking or transferring!
▶ Wallet
Once you’ve logged in to the Firma Station mobile application, you can now enjoy all of the features offered in the wallet.
On the wallet page, you can see a brief overview of the information of the wallet that you’ve accessed and you can also transfer tokens. Following are some of the information that you can find on the wallet page.
① Wallet address & QR Code
② Check FCT(FCT2) balance
③ FCT currency exchange value (supports 10 currencies including USD, BTC etc.)
④ Current price of FCT
⑤ Staking
⑥ Recent transaction history
Let’s Find Out More!
The Firma Station mobile application was developed in order to provide a more intuitive, convenient and visual user experience. We will take a more detailed look at each of the above three purposes.
▶ Intuitive User Experience
The most important use of the wallet page is to check the information of the wallet. You can see the balance of the FCT in the wallet, check the staking status and view the recent transaction history. Additionally, in order to more intuitively grasp the fiat value of the cryptocurrency in possession, the Firma Station mobile application automatically converts the value of the crypto assets to 10 different fiat currencies. Check the monetary value of your FCT by selecting a fiat currency that you are familiar with!
▶ Convenient User Experience
Due to the nature of the blockchain ecosystem it is only natural that first time users get confused. Moreover, since crypto assets have monetary value, it is imperative that users make no mistake when managing their assets.
The Firma Station mobile application supports certain features that minimize the occurrence of human made errors. To prevent users from entering the wrong address, the application supports QR code and Paste feature. Additionally, in order to prevent users from transferring the entire balance without calculating the transaction fee, the application offers the Safety feature.
▶ Visual User Experience
The Firma Station mobile application enhanced the visibility of certain information offered on the application thereby providing users with a more visual user experience. Some of the font sizes were adjusted while different information is displayed in different colors so that users can more easily distinguish between different information.
▶ Staking
We will now take a look at ‘Staking’. A crucial part of ecosystem participation, users can check the current staking status and choose validators to whom they wish to delegate their tokens to from the Firma Station’s staking page.
The Firma Station mobile application also offers users with the full range of staking experience such as delegate, redelegate, undelegate and withdraw reward.
The information offered on the Firma Station mobile application are always up to date as the application automatically syncs data with that of the Firma Station desktop application and the FIRMACHAIN block explorer.
① Withdraw All
- When staking to multiple validators, users can withdraw all of their accrued rewards by clicking on Withdraw All.
- By automatically calculating the transaction fee and deducting in advance, the application minimizes transaction failure occurring from a lack of transaction fee.
② Validator Information: Provides information of the respective validator.
- APR/APY: Expected return when delegating to the respective validator
- Self-Delegation: Amount delegated by the validator himself/herself from the total amount delegated to the respective delegator
- Uptime: Uptime of the validator. If the Uptime value falls under 5%, the respective validator becomes jailed.
- Commission: Commission the respective validator takes from operating the delegated tokens.
③ Type of Delegation
- Staking is managed by actions such as Delegate / Redelegate / Undelegate. When undelegating, the user can check the time remaining until the undelegation transaction is completed.
④ Validator Condition
- If a validator gets penalized and as a result the status changes to jailed, tombstoned, unbonding or unbonded, the status of the respective validator is displayed to the delegator.
* Under normal conditions, nothing appears on the screen.
Since staking is directly related to the monetary reward a user receives, we have conducted intensive testing especially on the staking feature. Furthermore, since we put in a lot of time and effort into designing the staking feature to be as intuitive as possible, we believe that even first timers will be able to get the functions right off the bet.
▶ Governance
FIRMACHAIN is a decentralized blockchain ecosystem where anyone participating in the network can influence the operation and management of the chain. Through governance, anyone in possession of FCT can propose a reasonable proposal regarding the operation and management of the network and can also vote on such proposals.
Starting with v1.0.6, users can now vote on proposals from the Firma Station mobile application.
Note that registering a proposal can only be done from the Firma Station desktop application or the Firma Station desktop web. Major proposals that steer the course of action of the network must be registered with much care and since mobile environments are more prone to error than that of desktop we have distinguished proposal registration based on the device being used.
Governance feature allows users to propose any one of the following.
① Text: Notify and gather feedback on proposals that determine the future course of action of the network
② CommunityPoolSpend: Send tokens to the community pool to vitalize the ecosystem (e.g. IBC liquidity pool etc.)
③ ParameterChange: Change network parameters such as unbonding time, maximum number of validators etc.
④ SoftwareUpgrade: FIRMACHAIN and Cosmos SDK version upgrade
All proposals that are registered will be voted on depending on the respective voting power of the network participants.
If a validator to whom you are delegating your tokens to vote a certain way on a proposal, you will be following the vote of the respective validator. However, even if you are delegating your tokens to a validator, if your opinion of a proposal differs from that of your validator, you can always directly vote on the proposal. Now participate in the FIRMACHAIN ecosystem through governance by being a responsible voter!
▶ Supplementary Features
Aside from the most basic features offered on the Firma Station mobile application, there are some other supplementary features that we believe will greatly enhance user experience.
① Help
Providing an intuitive user experience was one of the goals that the FIRMACHAIN team set out to accomplish when developing the Firma Station mobile application. As a result, we were able to come up with a product that we believe users can easily comprehend and navigate their way around the application. However, we also added the [Help] feature in the hopes that not even a single user gets lost while experiencing the Firma Station mobile application.
If you face any problems while using the mobile application, simply click on the question mark button and you will immediately be directed to the Firma Station mobile application user guide!
② Safety
Send, delegate and all other actions happening on the network are called transactions. Each transaction requires a transaction fee in order to complete the action. Despite the relatively low transaction fee (0.02 FCT as of the writing of this posting) set by FIRMACHAIN, users might experience transaction failure if they fail to calculate their fees in advance for actions such as transferring or delegating all available tokens.
The aforementioned is not a problem of high or low transaction fee but rather is a simple mistake of not being able to factor in the transaction fee when entering the highest possible amount for a transaction.
To prevent the above from happening, the Firma Station mobile application provides a Safety feature that can be turned on or off. If a user decides to send or delegate the maximum available balance with the Safety feature on, the application automatically deducts the amount required as transaction fee thereby preventing the user from suffering from transaction failure at a future date.
Example) Transferring a total of 25 FCT to another wallet when your maximum available balance is 25 FCT
- Safety On: Deducts the transaction fee that can be used for transactions at a future date (24.9 FCT will be transferred to the other wallet, with 0.1 FCT being deducted)
- Safety Off: Only the transaction fee for the current transaction will be deducted (24.98 FCT will be transferred to the other wallet, with 0.02 FCT being deducted)
③ Automatic Application Lock
To ensure the safety of the crypto assets in your possession we’ve paid extensive attention to the security of the application.
If you remain for a certain amount of time while your wallet is connected or if you restart the application, the connected wallet will automatically be locked. You can unlock the wallet by entering the ‘password’ for the wallet or through biometric authentication.
Using the auto lock feature, users will be able to safely protect their digital assets even if their mobile devices are lost or stolen.
④ Biometric Authentication
Wallets registered on the Firma Station mobile application use a unique password registered to the respective wallet. The password is required when logging in, unlocking and transferring tokens to and from the wallet. In order to provide a better user experience, the Firma Station mobile application also supports biometric authentication such as fingerprint login, facial recognition and Face ID.
If the mobile device you are using supports biometric authentication, you can activate/deactivate the biometric authentication for each and every one of the wallets registered on the Firma Station mobile application.
Users can now participate in the FIRMACHAIN ecosystem wherever and whenever, regardless of the device they are using. Hence, we hope more users show interest in participating in the FIRMACHAIN ecosystem and ultimately in expanding the FIRMACHAIN blockchain network.
We promise our holders and the general blockchain community that we will continue to strive to grow into a trust based blockchain platform.
Thank you!
For more information about FIRMACHAIN, or partnership inquiries, please contact us at contact@firmachain.org. Those who wish to join the FIRMACHAIN team, please contact us at info@firmachain.org.
About FIRMACHAIN
FIRMACHAIN originally aimed to transfer all paper based social and legal activities onto the blockchain to introduce transparency and prevent document tampering and forgery. Maintaining the fundamental value of trust, the FIRMACHAIN team is now turning its gaze to becoming a comprehensive blockchain platform. Our goal is to provide business entities and FIRMACHAIN holders with useful blockchain based services that are useful yet fun to engage with thereby satisfying the team’s goal to become a ‘Utilitainment’ (Utility + Entertainment) platform.
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