Review on Folgory by Fanuel PORPORTY
FOLGORY - Cryptocurrency exchange
Company founded in Europe by a parent company HashFort OU based in Estonia. Folgory Exchange was launched in May 2019 and, in less than a year of service, has risen through the ranks of the biggest and has carved out a place in the top 20 companies with the highest volume of exchanges in 24 hours according to CoinMarketCap, with a record of more than a billion dollars on average. Folgory is trusted by so many traders around the world and is still targeting the number 1 spot. There is a long list of trading pairs to choose from; the most popular coins on the market are available to be exchanged for other cryptocurrencies. At the same time, most cryptos do not offer a crypto-fiat trading pair. However, there is a list of cryptocurrencies listed on Folgory that are not available in other exchanges. Folgory also offers EUR fiat pairs; this exchange is more likely to favor traders in Europe much more.
Pros
- Folgory has launched its native Folgory Coin (FLG) token, which is used in trading to pay trading fees and receive rewards.
- Folgory also welcomes newbies and individuals who know very little about cryptocurrencies but want to earn with an investment feature that allows individuals to invest their cryptocurrencies and receive 5% returns on a monthly basis through a variety of investment plans, which individuals can select from based on their appetite for risk.
- The Folgory launchpad also aims at connecting different blockchain projects with the broader crypto communities and allow projects to raise funds while interacting with a more significant part of the Folgory community.
Cons
- Too many negative opinions on the internet, some say that folgory is a trap to attract large investors.
- The exchange has not yet proven itself, she is very young
