What is Flit Token?

With the coming of cryptocurrencies came a new technology that is making it easier for people to access money. Unfortunately, after more than a decade, crypto adoption is still relatively slow, with only 1% of the world population using it.

Flit Token is bringing cryptocurrency to everyone. It is a blockchain-based project that is providing a new mobile wallet that makes it possible for everyone to easily and safely store their digital assets. It is an ERC-20 Ethereum blockchain-powered virtual currency.

Today, the financial sector is posing problems to many people. Flit Token presents a great solution for security and further problems because it uses ETH’s powerful blockchain technology. Flit Token has a limited supply of 15 billion.

What Does Flit Token Aim to Solve?

Businesses have managed to curb the impact of risk to a certain degree. Investors ensure financial safety through insurance policies, regulatory laws, advisors, KYC services, and by leveraging capitalization policies. For some years, innocent investors have faced many risks with blockchain and cryptocurrency. The risks presented by the decentralized sector include:

Losing cryptocurrency as a result of a hack on an exchange.

A central earning factor that is based on market volatility which in itself is an unrealized risk.

Fear of stringent regulations.

Scam-like ‘next big’ cryptocurrency.

Sudden fall of the base medium of exchange (BTC).

Uncertain turnout of events in the future.

Low investor backup.

False information from fellow investors.

Flit token was developed with the above risk factors in mind, and so will provide capacity and strength to coordinate the worldwide crypto and blockchain sector to be aware of the risks endangering it. It aims to address these issues quickly while also providing products that will make investors happy and create more wealth.

Why Flit?

The aim of Flit Token is to provide a mobile wallet called “Flit-Wallet” where users can safely store their digital assets. Transactions on the Flit network have no fee. It uses a centralized server to fetch the balances of users, as well as for transactions, signs, and, later on, for fiat transfer purposes with support from partners like MasterCard, VISA, Payeer, Perfect Money, etc.

Users can interact with DApps on browsers and many more devices in the future, while still ensuring maximum security of keys in the mobile wallet.

Flit Token Products

Flit Wallet

Flit Token provides its mobile wallet “Flit-Wallet” where users can store their digital assets. Flit Wallet is one of the safest and most popular wallets for investing and storing cryptocurrencies. Currently, it supports the major cryptocurrencies and protocols such as ETH, BTC, XRP, TRX, BNB, XLM, etc. Users can rest assured that their cryptocurrencies are secure and that they have full control of their funds with no unauthorized access. The wallet is available on Android and iOS devices.

Payment Gateway

With Flit Network Payments integrated on DApps, on-chain payments can be settled whenever needed.

Transaction payments on the Flit Network can be confirmed in seconds as a result of faster block generation times. They also incur significantly lower fees. Payments can be made smoother and friction-free for users on DApps.

DApps, merchants, and users are also provided with payment APIs/SDKs to instantly accept or make payments in the form of crypto assets like ETH, ERC20 tokens, and more.

Exchange

Flit Exchange is one of the very first exchanges to implement MPC (Multi Party Computing), which is a technology that has been trialed, tested and rolled out all over the world with the exception of Japan, where a 100% cold storage restriction is still in force.

Flit Exchange has been designed to provide high-quality security, so it doesn’t provide insurance for user funds, unlike what you get with Binance. So, if a hack does occur, the old advice of keeping funds off exchanges as much as possible would prove true.

Bazaar Online Shopping

FlitBazaar is another product that presents a unique way of doing online commerce. It’s a peer to peer application that eliminates middlemen and trust parties, which means no restrictions or fees are involved.

People are connected easily through a peer to peer network on FlitBazaar. Instead of data being stored in a central database, it is distributed across the network.

FlitBazzar is an open source software built with the aim of providing ease and freedom FOR buying and selling.

Team

The Flit Token team is comprised of sound professionals and experts with backgrounds in blockchain technology, cryptocurrency, marketing, economics, and development. They are passionate about decentralization and creating products that encourage this.

Due to how slow, complex, and expensive decentralized transactions are, Flit Token was designed to leverage a combination of scaling developer platforms and tools to improve user experience. Members of the team are as follows:

Founder

I Khodal

Blockchain Expert

Ali Raza

Database Expert

Stiffany Yayaz

Project Manager

Colin Xu

Android Developer

Joni Rodito

Web Developer

M. Akbar Nugroho

Marketing Manager

Yana Bin Tasdik

Use of Funds

Funds from Flit Token sale are broken down as follows:

35% is for Software development.

30% is for Marketing and events.

25% is for Sales and growth.

10% is for General and administrative expenses.

And the funds will be distributed in the following way:

Team — 10%

Advisor — 5%

Bounty Program — 5%

Partners — 10%

IEO sell — 35%

Locked one year — 35%

TOOLKIT FOR DEVELOPERS WHO WANT TO DEVELOP ON THE FLIT NETWORK

Flit Network combines strong practices from all the relevant realms to build a top-level crypto platform based on Ethereum blockchain.

All that is changing with the efficient and effective implementation of Blockchain technology. Flit Network’s cyber security and technology experts are drawing on their experience from past projects to ensure mistakes are not repeated and, in doing so, encourage trust in financial transactions again.

To stay updated on Flit Token (FLT), follow on their official website and social media pages below;

Official Website: https://flittoken.com/

Announcement: https://t.me/flittokenannouncement

Telegram: https://t.me/flittoken

Twitter: https://twitter.com/Flittoken?s=09

Medium: https://medium.com/@flittoken

LinkedIn: https://www.linkedin.com/company/flittoken