💰 Overall Rating: 79/100
Brief Description: Folks Finance's main advantages lie in its clear cross-chain track positioning, proven business model (completed Series A financing), and relatively reasonable token distribution model. However, its tokens have not yet been tested in the market, and the initial circulating market value is small, which may lead to higher price volatility. This rating focuses on its technical practicality and mid-term development potential.
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🔑 Key Factors
Founding Team: The search results show limited disclosure of specific identity background information about core members of the founding team. What is known is that its co-founder and CEO is named Benedetto Biondi.
Investments Secured: The project has received support from professional cryptocurrency venture capital firms and completed substantial financing.
According to reports, Folks Finance completed Series A financing of $3.2 million at a valuation of $75 million.
This round of financing was led by Borderless Capital, with participation from Algorand Ventures, Mapleblock Capital, Sovo Ventures, and other institutions.
The total financing amount for the project to date is $6.2 million.
📈 Fundamentals
Project Overview: Folks Finance is a cross-chain decentralized finance (DeFi) protocol. Its core innovation lies in integrating interoperability technologies such as Chainlink CCIP, Circle CCTP, and Wormhole, allowing users to supply, borrow, and manage assets across multiple blockchains from a unified platform.
Core Function: Aimed at eliminating the need for wrapped assets, bridging, or splitting liquidity in cross-chain operations, allowing users to access a unified liquidity pool and natively use assets as collateral across different ecosystems.
Design Goal: Focused on providing efficient, secure, and easily accessible financial services for retail users and institutions.
Community Building: The project clearly allocates 35% of the total token supply to the community in the tokenomics design, reflecting its emphasis on community building and governance. Specific data on its official social media community size and interaction frequency (such as X/Twitter, Discord) has not been found in this search.
Competitors: Folks Finance operates in the highly competitive and technically demanding arena of 'cross-chain DeFi protocols'.
Core Advantage: Its advantage lies in the precise positioning of cross-chain interoperability, integration of mainstream cross-chain technologies in the industry, and a business model validated by capital (having completed Series A financing).
Market Capitalization Reference: According to the information found, the total supply of FOLKS tokens is 50 million. The initial circulating supply is 12,700,475 tokens (approximately 25.4% of the total). The specific circulating market value and price need to be confirmed after the token officially launches for trading tomorrow.
Number of Holders: The token has not been officially issued yet, so there is no real-time holder data. However, its token economic model is public and has designed a lock-up period to control initial inflation pressure:
Total supply is 50 million FOLKS.
Token Distribution:
Community: 35%
Ecosystem Growth: 24.73%
Seed Supporters: 21.83%
Core Contributors: 10%
Strategic Supporters: 4.94%
Advisors: 3.5%
Unlock Mechanism: A positive signal is that the tokens of supporters, core contributors, and advisors must comply with initial lock-up and unlocking periods, ranging from 12 months to 30 months. This phased unlocking mechanism helps reduce the concentrated selling pressure faced by the tokens in the early stages of listing.
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