Utilities

Warning: some of the following utilities might still not be live

• Folks Finance Governance — enables certain active users to steer elements of future protocol development.

• Folks Router Discounted Fees — applied to swap transactions through Folks Router on Algorand.

• Crosschain DEX Aggregator Discounted Fees — applied to swap transactions through Li.Fi’s crosschain DEX aggregator on xChain.

• Folks xPortal Discounted Fees — applied to bridging fees on xPortal (powered by Wormhole NTT).

• FOLKS as “Gas Token” — reduce operation transaction fees on xChain by paying in $FOLKS.

• xGov Voting — participate in xGov proposal votes on Algorand.

• Liquidity Incentives — boost rewards for active market participation.

• Mobile App and Debit Card Perks — discounted fees and tiered perks related to Folks Mobile.

• Future Utilities — additional use cases and expanded token utility will be introduced progressively, especially with the launch of Folks xChain V2.