The Falcon project describes itself as an ecosystem that works on two blockchains simultaneously. The project simultaneously works between two coins and helps those users who prefer privacy. The project has combined the simplicity, speed, and convenience of Ethereum-based tokens with the privacy of anonymous blockchain. In simple words, the Falcon project is a decentralized finance (DeFi) project which aims to create a unique reward system and create an anonymous blockchain, a payment system, and integrate native tokens into everyday life.

According to the project’s papers, the common problem that modern blockchains are going through is the global trend of regulation of private coins, the introduction of identity verification and KYC, and the delisting of anonymous coins from exchanges, etc. The Falcon project provides a solution by introducing two kinds of coins and vouchers altogether. The project introduced an ERC20 based token FNT, which is the native cryptocurrency of the project. Secondly, it introduced the ERC1155 token, known as vouchers. The whitepaper claims that the holding of such vouchers intends to provide a guaranteed profit to the holders. Another element of the project is the FNC coin, which is the private coin of the project and helps in performing anonymous transactions. Users have to trade FNT coin from any exchange and swap it on a ratio of 1:1 by FNC coin, and users can then use such FNC coins for anonymous and private transactions.

Further, the FNT token is created based on smart contracts of Binance native token BNB. FNT tokens can be used for anonymous payments by swapping them with FNC or vouchers. A user can deposit one million tokens and exchange them for a voucher, and hold it for profit. Such profit is made by the proof of hold consensus mechanism introduced by the project. Proof of hold does not require computational power but just a smartphone to incentivize. Moreover, the FNT token is also used for farming which is a process of making a profit via DeFi.

The Falcon project was launched on February 2, 2020. The token’s maximum supply is 100,000,000,000 FNT. The team behind the project includes Dmitriy Sidorov (CEO), Ivan Bereza (CTO), Alexander Pavlov (CCO), and Alexander Hudyma (CIO).

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