Folks Finance
xChain App (NEW)Algorand AppContact usV1 Docs
  • Welcome to Folks Finance
  • Folks Finance Algorand app documentation
  • Introduction
    • Get started
      • Create a wallet
      • Get ALGO or ASAs
      • Connect wallet to Folks Finance
    • V2, what's new?
    • Need help?
      • Contact
      • Glossary
      • FAQ
      • Fees
      • Allowing pop-up
    • V2 Testnet tips
  • Functionalities
    • 🏦Deposit
    • 💰Loan
      • Collateral
      • Borrow
    • 🔄Swap and...
    • 🏛️xALGO - Liquid Staking
      • How to Migrate from gALGO to xALGO
    • 🚜Lending Pools
    • 📈Ultraswap
    • 🛣️Folks Router
    • 🔗Algorand Consensus
      • No code
      • SDK
  • Architecture
    • Parameters
    • Pool dynamics
    • Interest rate model
    • Rebalancing
    • Loan collateral
    • Loan borrow
    • Liquidation
    • Loan types
    • Flash loan
  • TOKENOMICS
    • FOLKS
  • DEVELOPER
    • Security
      • Bug bounty
      • Audits
    • Contracts
    • Official SDKs
  • COMMUNITY
    • Contact
    • Work with us
    • Ambassador program
    • Brand & Logos
    • Community treasury
    • Aeneas liquidity program
    • Privacy and T&C
Powered by GitBook
On this page
  • Exchanges
  • On-Ramping (Pera)
  1. Introduction
  2. Get started

Get ALGO or ASAs

Last updated 9 months ago

ALGO is Algorand's native currency, so once the wallet is created, the first thing to do is to add some ALGO so that you can pay the blockchain fees. If you do not have Algo, you can use one of the following methods to obtain them:

Exchanges

Obtained your firsts ALGO, if you like, you can swap them with other tokens called ASAs.

ASAs The Algorand protocol supports the creation of on-chain assets that benefit from the same security, compatibility, speed, and ease of use as ALGO. The official name for these assets on the Algorand blockchain is Algorand Standard Assets (ASA). Algorand Standard Assets can represent stablecoins, loyalty points, system credits, and in-game points just to name a few examples. ASAs can also represent single, unique assets like a deed for a house, collectible items, unique parts on a supply chain, etc. There is also optional functionality to place transfer restrictions on an asset that helps support securities, compliance, and certification use cases.

Learn more about ASAs .

The best way to do that is through the. Otherwise, you can do that through external Decentralized Exchanges:

On-Ramping (Pera)

Use fiat money to purchase ALGO, USDCa, and USDTa instantly with Pera Onramp's 45+ supported payment methods in over 125 countries.

  • Connect your wallet. Click on it on the top right corner and then click Buy.

  • A modal will appear. Choose how much of an asset you want to buy, the nation you're located in and the payment method.

  • Select the providers you want based on their price quote. Click the Proceed button. You'll be directed to a payment page on fluidmoney.xyz.

  • N.B. You must enable pop-ups both on Folks Finance and fluidmoney.xyz

Binance
Bitstamp
Coinbase
Huobi
Okx
Crypto.com
Kucoin
Many more..
Tinyman
Pact
Humble
Alammex
Defly
FXDX
Algodex
here
swap operation integrated into Folks Finance
The UI undergoes regular upgrades; what you see in the video may look slightly different than what you see on the app.