Foil Network | Journal

2022-05-14 05:01:56 ​ When IDO?

We often meet with similar questions in private messages and in the chat. The answer to this question is: when the project is as ready as possible for release.

Most projects nowadays repeat the same path. Not having a finished product, they go to IDO, then listing. Due to the infusion of most of the money received into marketing, the price rises in the first few months, and then falls gradually slides down and goes to the bottom. We don't want a repeat of this scenario, so we're preparing a full-fledged, working blockchain.

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2022-05-14 02:59:48 ​ DeFi on the FOIL blockchain

Foil provides a complete cross-chain DeFi driven platform!

Our blockchain provides a wide range of features and functionality: leverage, leasing, stacking, lending. We're well aware that in the current situation on the cryptocurrency market, the presence of DeFi on the blockchain directly affects the popularity of the project. The more people use DeFi on our blockchain, the faster and more reliable the entire Foil Network ecosystem will be formed. That is why we are now actively developing our partner network in this direction.

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2022-05-13 04:38:16 ​ Why DOGE?

Foil Network support Dogecoin, as the most simple and scalable cryptocurrency with huge supply and emission, top liquidity and global crypto adopters recognition. You can use dogecoin throughout the Foil Blockchain: buy FOIL and mVolt, pay for NFTs and process exchanges just like with native FOIL tokens.

The integration of DOGE brings FOIL elastic blockchain as a liquid custodian and staking capabilities provider, because of the extended DeFi features of the Foil Network.

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2022-05-10 04:50:12 ​ Chat and get FOIL tokens! Friends, in order to support our community, we decided to launch a reward for the most active participants of our chats. They will be determined weekly and will be rewarded for their activity. Spammers and unscrupulous participants… Open / Comment

2022-05-10 04:20:07 ​ The second token of our blockchain — MVolt

MVolt is a stable token and the energy of theplatform. FOIL Network charges MVolt for the operations, preventing the abuse of node resources. It is used to pay for transactions, and it is given as a reward for building blocks.

The introduction of the second token into the system allows the owners of FOIL tokens to be given exclusive ecosystem management functions.

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2022-05-08 23:50:57 ​ Tokenomics

FOIL Network is based on two accounting units - Foil and MVolt. This model allows users to participate in the ecosystem without reducing their stake in the network.

It separates the rights of governance from the rights of using the network. It also provides the means to acquire the tokens required to pay transaction fees, which increases the economic efficiency of the platform.

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2022-05-07 23:30:36 Who will provide transactions in our blockchain?

No truly decentralized network can exist without user support. Therefore, the blocks validation is one of the most important mechanisms in the blockchain. Everyone can connect to this mechanism by becoming one of the validators. If you want to become one of our validators, then follow the link below

Become our validator - foil.network/validator

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2022-05-07 00:40:58 ​ Open talk “BABYLON WEB”

The speaker from our project will take part in the event from the production Devyatsot and the creative cluster "CINEMA FREEDOM FRIENDS". The event will be held in Moscow on May 8 at 15:00 local time. We advise you to visit!!

Details here - kino-svoboda-druzya.timepad.ru/event/2026602

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2022-05-06 04:42:39 Open / Comment

2022-05-05 06:59:01 ​ Why is KYC mandatory for creators on the Foil Network?

There are only two main reasons why we've made KYC in our network (Digital ID) mandatory for those who want to upload their NFTs.

Firstly, we want to protect the rights of a particular person through Pure NFT technology.
Secondly, we don't want to allow the appearance of prohibited and undesirable content in the form of NFT in our network.

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