Fundrs Deep Dive — Introducing Fundrs’ Latest Seeker FLUUS and Their Ecosystem of Crypto Gateways

In August 2022, AllianceBlock launched Fundrs, our fully-decentralized peer-to-peer funding platform based on reputation and merit, to build an inclusive, transparent and decentralized platform that enables Funders (capital providers) to play a role in the Seeker’s (startups raising capital) entire lifecycle.

Today, we introduce FLUUS — the latest Seeker raising capital on Fundrs. We will look at what the project is, its token and its utility, and then show how to prepare for the capital raise using the Fundrs platform. Let’s dive in!

An Introduction to FLUUS

FLUUS offers a suite of developer and consumer-facing solutions that connect the dots between crypto services, evolving the world’s access to Web3. Its mission is to evolve the crypto ecosystem and eventually connect humanity, particularly those in emerging economies, to better economic opportunities. They achieve this through three solutions;

• FLUUS SDK aggregates global crypto ramping, swapping, decentralized trading services and FLUUS Pay, cash and mobile money ramping service, all using an easy-to-implement SDK and widget.
• FLUUS Auth is an API and SDK allowing developers to easily integrate secure, user-friendly sign-on and key generation capabilities into their applications. One of the key technical features of FLUUS Auth is its use of multiparty computation (MPC) technology and threshold secret sharing (TSS) to generate “non-custodial” keys
• AID3.0 is a service for organizations operating in challenging or high-risk environments, such as conflict zones. AID3.0 utilizes the FLUUSPay network of compliant and legal money transfer and mobile money operators that facilitate the off-ramp process securely and efficiently.

FLUUS, utilizing its AID3.0 solution, successfully helped one of the largest NGOs in the world off-ramp stable coins to cash in multiple currencies, including EUR, USD, and UAH (the local currency of Ukraine). Completing more than $1 million in transactions.

FLUUS is geared towards multiple participants in onboarding the next 1 million users into the Web3 economy:

• Developers who need a simple API and widget that supports a range of crypto services.
• Businesses looking for global expansion, faster-to-market strategies, or want to try their business processes in Web3.
• Retail users who need simple and accessible crypto solutions.
• Token holders who want to earn a real and sustainable yield.
• Non-Government Organizations (NGOs) who need off-ramping for AID or humanitarian services. As well as
• High net worth individuals looking to enter and transact in Web3 safely and securely.

What is the FLUUS token?

The $FLUUS utility token is a pre-minted, fixed supply token. There will only ever be 1 billion $FLUUS tokens minted and circulated. $FLUUS will be an EVM Avalanche-compatible token with the following allocations:

Businesses integrating FLUUS services into their platforms or utilizing AID3.0 can enjoy fee reductions by staking FLUUS utility tokens.

Retail users receive real yield for providing liquidity in the FLUUS liquidity pools, performing actions beneficial to the FLUUS ecosystem, and staking FLUUS tokens. FLUUS staking rewards come from real cash flows generated by FLUUS solutions.

The FLUUS token is also utilized as collateral and performance guarantee for FLUUS on/off-ramp partners. Collateral is set to protect users against disrupted services or fraud. Staking FLUUS tokens as collateral increases trust and enables business users to access higher transaction volumes and faster transaction processing times. Staking FLUUS as collateral lowers the transaction risks for the FLUUS network, such as cross-border transactions and fiat on and off-ramp.

Businesses that partner with FLUUS buy tokens and lock them as long as they use FLUUS network services. As mentioned above, this ‘skin in the game’ adds a layer of trust and assurance for users when utilizing FLUUS partners to on and off-ramp their cryptocurrencies.

What is the utility of the FLUUS token?

FLUUS tokens provide a range of utilities for businesses and users within the FLUUS ecosystem. $FLUUS is capped at 1 billion tokens and provides stakeholders with various benefits and participation opportunities and is also used to increase the trustability and security of the FLUUSPay network.

Fee reductions for businesses integrating FLUUS into their platforms or utilizing AID3.0.

This strategy allows businesses to reduce transaction risks and increase their trust in the FLUUS network. FLUUSPay offers alternative payment methods, including cash, which can be particularly useful in emerging markets where traditional banking systems may be less developed or unreliable. However, alternative payment methods come with additional risks, such as the potential for disrupted services or fraud. To mitigate these risks and protect users, FLUUSPay requires businesses to stake $FLUUS tokens as collateral.

$FLUUS plays a pivotal role in maintaining the integrity and security of the FLUUSPay network, making it a reliable and trustworthy platform for businesses and users in emerging markets.

How does FLUUS Governance work?

As the FLUUS network continues to grow, decisions impacting the future of its services must be made. To ensure that the community’s interests are represented and that the network can evolve sustainably, FLUUS utilizes a tiered token-weighted model in its DAO. This model allows community members to have varying levels of participation and influence, depending on their level of engagement and the amount of FLUUS tokens they hold.

DAO members can participate in decisions surrounding key aspects of the FLUUS network, including transaction fees, dispute mechanisms, token offerings, platform integrations, rewards systems, and the structure of the DAO itself. To become eligible to participate in the governance process, community members must hold a certain amount of FLUUS tokens, with the minimum token threshold set at a level designed to ensure that only serious and committed community members can participate.

To structure this system, the FLUUS DAO will have three initial tiers: Bronze, Silver, and Gold, each with different weightings for their vote and participation. Community members can progress up the tiers by holding more FLUUS tokens. The DAO is funded by a percentage of transaction fees, meaning that as the FLUUS network and ecosystem grow, so will the opportunities for involvement by community members.

The FLUUS DAO aligns its members’ incentives with the network’s growth by allowing for a collective decision-making process that aims to make decisions that are in the best interest of all stakeholders. This ensures that the FLUUS network remains secure and trustworthy while promoting growth and adoption. Aligning incentives in this way creates a mutually beneficial outcome for all stakeholders, as all members have a vested interest in the network’s success.

Get Ready for FLUUS Listing on Fundrs

Fundrs is built on the principles of participatory capitalism, where participants in the ecosystem collectively validate, rate, and govern funding projects. Its decentralized platform allows blockchain-based and traditional Seeker startups to raise capital and connect with Funders who will provide capital, expertise and community support.

FLUUS is listing on Fundrs soon, including all the information regarding their project, Fundrs ticket prices, and more. Users can prepare by staking NXRA on Fundrs and earning reputation points in rALBT.

In the AllianceBlock ecosystem, the reputation system incentivizes users to participate more meaningfully in the various campaigns, capital-raising rounds, and more by providing insights and expertise and helping other community members. rALBT is a measure of a user’s reputation and cannot be bought, sold, or otherwise transferred between users.

Users of AllianceBlock can earn rALBT by making positive contributions to the ecosystem in various ways. Staking is another way users can earn reputation points in rALBT and show their commitment to contributing to this ecosystem. The amount of NXRA staked unlocks different multipliers and enhanced user benefits.

There are two options for staking NXRA — regular and locked staking:

• Regular staking rewards users with rALBT for as long as they are staked in the platform. This means that users can unstake anytime and claim their rALBT.
• Locked staking allows users to stake their NXRA for 3, 6, or 12 months and lock it in the platform while receiving their rALBT upfront. This means users can get the entire rALBT reward early on in exchange for locking their tokens for a period of time.

Staking NXRA on Ethereum

Here’s a quick guide on how to stake NXRA tokens on Ethereum.

Get started by clicking on the ‘Stake NXRA’ button on the homepage (1), or going to the Staking and Reputation page in Fundrs(2), where you can get an overview of rALBT, as well as of the Fundrs Tiers.

After clicking the ‘Stake’ button, a panel will appear where you will see an option for Regular Staking and Locked Staking. You can switch between the two options through the controls in the upper right.

Specify the amount of NXRA you want to stake, then click ‘Approve.’ A wallet popup will appear, asking for permission to approve the use of the NXRA token, and an additional one will let you confirm the transaction.

Note that you can always unstake your NXRA at any time.

If you selected ‘Locked Staking,’ you will be able to specify the amount of NXRA you want to stake and the Staking Period in three, six or twelve months. You will also see a calculation of the rALBT you will receive upfront in exchange for locking your tokens on the platform.

When you click on ‘Approve,’ a wallet popup will appear, asking for permission to approve the use of the NXRA token, and an additional one will let you confirm the transaction.

Once you have successfully staked your NXRA on Fundrs, you will be able to see the status of your staking and your NXRA and rALBT balances in your Funder Dashboard.

Staking on Polygon and Avalanche

Adding additional NXRA for staking on Polygon and Avalanche is still not available. An upcoming AllianceBlock Bridge update will allow NXRA tokens to be bridged across supported networks. Users, however, can still bridge rALBT in the Fundrs across Ethereum, Avalanche and Polygon regardless of where they staked their NXRA.

The NXRA Token Distribution Portal has recently launched, enabling users with eligible wallet addresses to claim their NXRA tokens. Eligible users could also claim a complimentary 1000 rALBT, which can be used in Fundrs capital-raising rounds, including the upcoming one with FLUUS. Just make sure to bridge the rALBT received to Avalanche, where FLUUS will launch and be listed.

What’s Next

We are incredibly excited about the FLUUS listing on Fundrs, which will happen soon! FLUUS is the latest and the third Seeker startup to raise capital on Fundrs and is looking forward to meeting our community of Funders and being part of our participatory ecosystem.

You can check out FLUUS’s website or follow them on Twitter and LinkedIn. You can join their community on Telegram and Discord.

Stay tuned for more announcements on AllianceBlock’s Twitter and Telegram Announcement channels, to be the first on when the FLUUS listing is live, and for more product, ecosystem, and development updates.

Are you interested in integrating Fundrs or want to discuss the potential to launch on the platform? Reach out to our business development team here.

About FLUUS

FLUUS is on a mission to make cryptocurrency globally accessible. Its crypto on- and off-ramp makes it easier for web3 users to acquire and liquidate digital assets. Developers, meanwhile, can integrate FLUUS’ payment widget into their applications, delivering crypto conversion on demand.

About AllianceBlock

AllianceBlock is an infrastructure provider for decentralized tokenized markets. It empowers businesses with liquidity provisioning and allows them to compliantly issue, manage, and trade tokenized, digital assets including real-world assets (RWAs).

The AllianceBlock ecosystem of partners, clients, and ventures consists of top stakeholders from the financial industry, as well as the decentralized finance (DeFi) sector. Their unique product suite complies with global regulations and seamlessly integrates with legacy systems.

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