Follow Coin - Don't you ever miss out on cryptocurrency again


#1

Follow Coin is a new platform that wants to make the crypto world accessible to everyone. Our goal is to lower the barriers of crypto investment markets by providing tools and services that make interacting, handling and trading crypto coins easy.

For people that are new to the world of cryptocurrency it is often difficult to know when to buy which coin. Now Follow Coin is here to help you out. As a beginning trader it is a real challenge to maintain an overview of the market. The learning curve for investing in crypto assets is extremely steep. That’s why Follow Coin connects (inexperienced) users with influencers that know everything about the cryptocurrency world. We have a working mobile app available in the app-stores, under the name Follow Coin, feel free to take a look!

Follow Coin ERC223 token and is currently searching for exchanges. Follow Coin(FLLW) has an app with over 50k users, and is currently listed on Forkdelta with our new ERC223 contract address.

The last couple of months the Follow Coin team has been working hard to perform a token upgrade. The old and new FLLW are being swapped on a 1:1 ratio. The main reasons why we decided to upgrade the FLLW token to the ERC-223 protocol is that It solves the transfer-issues (withdrawing, depositing and sending) that the current contract is suffering from. Our old contract has this address: 0xa25d01d15fc0e3cdede1bebee4124394aae0db33

In the near future FLLW will be required to access certain features of our app, the app is free for now. So the interest for buying FLLW will come with the growing interest of our app. In our app, influencers make advices about Cryptocurrencies and why people should buy it. Some of our influencers directly link the exchange a coin is listed on in their advices.

Our Token Sale began on 2017–10–27 16:00:00 UTC. The Token Sale ended after 4 weeks, the hardcap was 49000ETH. During the ICO we were selling 490.000.000 FLLW in total. 1 ETH = 10.000 FLLW. Unfortunatly our ico concluded during a major correction / crash in crypto. Alllthough we didn’t manage to hit our Target. We have plenty of liquidity to see our project come to fruition. In our Pre-Sales we raised around $400k, and during the ICO we raised over 550ETH. That combines to a total of $1million USD raised by Follow Coin. Although we aimed for a higher amount, we are very happy with everyone that contributed to Follow Coin. Any tokens from the 49% allocated to the token sale that are not sold are burned.


#2

Read what that post said carefully. They allocated 49% of the token to be sold, but “did not raise as much as expected” because they are a scam. 550 Ethereum was raised in the ICO, which was advertised as selling 49% of the supply, but the team only distributed 1% of the tokens to ico investors, and burned all the rest, meaning 98% of the tokens are held by the FLLW team! If you invested in this coin in ICO, not only did investors not get a market to sell the tokens, but they recieved a smaller portion of the token supply than their contribution to the project. Complete disgusting scam trash. Be warned everybody stay away from this coin!!!


#3

interesting! @FollowCoin, care to answer to this criticism?


#4

Sure @Neuron. If you read what the guy above you said, as he said it “carefully”. Then you got the idea what he’s saying and it’s partly true, except the part where he claims that we hold 98%, and that the investors did receive a smaller portion of their tokens.

Let me explain: Our Token Sale began on 2017–10–27 16:00:00 UTC. The Token Sale ended after 4 weeks, the hardcap was 49000ETH. During the ICO we were selling 490.000.000 FLLW in total. 1 ETH = 10.000 FLLW. Unfortunatly our ico concluded during a major correction / crash in crypto. Alllthough we didn’t manage to hit our Target. We have plenty of liquidity to see our project come to fruition. In our Pre-Sales we raised around $400k, and during the ICO we raised over 550ETH. That combines to a total of $1million USD raised by Follow Coin. Although we aimed for a higher amount, we are very happy with everyone that contributed to Follow Coin. Any tokens from the 49% allocated to the token sale that are not sold are burned.

So Follow Coin sold 5.547.535 FLLW in the Public Token Sale. The unsold tokens were burned. Proof: https://medium.com/@followcoin/why-we-will-burn-48-of-the-total-follow-coin-supply-4071a8dada08

Because of this Follow Coin now has a Total Supply of 515.547.535 FLLW. 5.547.535 (Public Token Sale FLLW) + 330.000.000 (Follow Coin lockup) + 180.000.000 (Platform maintenance) Proof: https://etherscan.io/token/0xa25d01d15fc0e3cdede1bebee4124394aae0db33
The Public Token Sale FLLW has been distributed.


#5

@Neuron: I’m continuing in a new reply because new users can only post 2 links in a reply:

There are currently 330.000.000 FLLW held in lockup. The lockup will last 18 months and vesting will happen in 6 month increments with each period releasing ⅓ of the locked amount for distribution to the founders. Proof for that is inside this wallet: https://etherscan.io/token/0xa25d01d15fc0e3cdede1bebee4124394aae0db33, or can be seen under the Balances of the FLLW Token Contract.

Now the part where there is a lot of confusion about is the Platform Maintenance. The 180.000.000 FLLW. To clarify the questions regarding the preliminary and private participants, this amount is not included in the public token sale portion, but in the 18% for platform maintenance. So the 180.000.000 FLLW from the Platform Maintenance is allocated for Pre-ICO and Private Investors, who invested before the Public Token Sale. At the time of writing we have distributed 138.619.277 FLLW. Proof for this is inside this wallet: https://etherscan.io/token/0xa25d01d15fc0e3cdede1bebee4124394aae0db33?a=0x30d43da913ecceeb2a425208a816ea2916e26939.

If you go to the last page you can see the input of 180.000.000 FLLW, and after that you can see FLLW being distributed. Follow Coin still has unclaimed Follow Coin from the Pre-ICO/Private Investors-phase, that’s why there is still 41.000.000 FLLW in this wallet.

In the near future, once a bit more FLLW has been swapped we will rebalance the Token Structure, so that Follow Coin hold 33% of the circulating supply. Because we only sold a very small amount in the public ICO, and burnt the unsold tokens, we are holding 33% of the initial total supply of 1 billion.


#6

It’s sad that whatever we try to do, and convince this person above, he keeps following us and spreading this nonsense.

Also, if we were a scam, which we are most certainly not, it’s not like we are hiding or something. Our public profiles are on the website and you can easily track us down. Also our CEO was invited to speak at the Dutch Parliament a couple of weeks ago: https://www.tweedekamer.nl/debat_en_vergadering/commissievergaderingen/details?id=2017A04360

Or here at a Dutch Radio station he was interviewed: https://www.bnr.nl/nieuws/financieel/10331485/app-helpt-beginnende-cryptobeleggers


#7

thank you for your elaborate answer!

sounds like a case of Haters gonna hate. Given the information that people see in this thread I feel like investors can make up their own mind about the project’s fund allocation.


#8

Again, at time of token sale it was advertised that ICO buyers would recieve 49% of FLLW supply. How does it work out that ICO participants get less than 1% of the tokens? You do not deny that of 515,000,000 coins in circulation only 5,000,000 went to the ICO investors who contributed half of the $1,000,000 raised.


#9

@FollowCoinIsAScam, or Alex. We have been saying this before to you. In the Token Sale we aimed to sell 49% of the total 1 billion supply, where the unsold tokens were burned. We raised 554 in our ICO. The Token Sale terms were 1ETH = 10.000 FLLW. That equals to 5 million FLLW sold in the ICO and thats why 485 million has been burned.