Frequently Asked Questions (FAQ)
Fyfy has a vision for the entire world to make transactions built on blockchain technology. The key to success is designing a functional ecosystem and services, which customers want to use, and strong partnerships to boost growth. With the right niche and market entry, there are endless possibilities for payment services, such as Fyfy, to get a portion of the markets and succeed in the digital payment industry.
Fyfy is solving micropayment problems and significant issues in current traditional and blockchain-based payment systems related to speed and transaction costs. Fyfy’s offers an instant, secure and low-cost payment solution.
We respect transparency in our actions and communicate
Our goals are visible to everyone.
We promote a low-culture hierarchy and provide space for
different skills and views.
We do not allow discrimination.
We are responsible for our actions and words.
We celebrate our achievements and find the work fun.
We respect, support, help, and courage.
We strive for growth, development, and wellbeing as individuals and as teams.
We are up to date and ahead of our time.
Fyfy Pay is designed for consumers and businesses making cross-border transactions. In addition, an interoperable plugin ensures that Online merchants can use Fyfy as a payment option on their web store.
FYFY Token works in the Solana blockchain. Primarily, it acts as a governance token. Thus, holders of the token can influence the decisions of the future development of the ecosystem. In addition, the staking mechanism is used to distribute interest on the transaction fees. Staking of cryptocurrency assets maintains the decentralized blockchain and provides interest for the transaction validation process. Moreover, FYFY Tokens may decrease the transaction costs of peer-to-peer (P2P) payments inside the ecosystem. Nevertheless, FYFY Token may grant access to additional products or services of the ecosystem.
Holders of FYFY Governance Tokens
FYFY Governance Token holders can vote for changes in the Fyfy ecosystem. The Fyfy ecosystem aims to become DAO, a decentralized autonomous organization, in which the community can participate in the development. Due to the early phase of the project, this chapter describes the Fyfy Pay and Fyfy Wallet in more detail.
Our ambition is to seek funding of 2.5 million euros at the Pre-ICO stage.
How do I know that the team will deliver?
Our vision is bold. Finland has a reputation for building brands of trust. We want to be the pioneers in the payment industry and gain confidence for our users, offering transforming and safe payment options for cross-border payments. Fyfe's Management Team and most team members are Finnish, who are working diligently to achieve this goal.
We want to ensure that our community is updated about our current progress and any necessary changes to our road map through our transparent communication. We are seeking continuously to improve our activity according to the feedback we receive.
The Online Payment industry is experiencing rapid growth, and there is market share to be shared among multiple service providers. One of Fyfy’s competitors, XRP, is a more closed system mainly used by banks. One of the major competitors is strike.me, which has succeeded well with its market entry.
With the right market entry strategy and niche, Fyfy can get a share and succeed in the payment industry. We’re concentrating on building a brand of trust and services that customers want to use.