Announcing Feo — A New Era of Financial Empowerment

Flac Finance
3 min readAug 15, 2024

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We are thrilled to announce a significant milestone in our journey. After months of hard work and innovation, Flac Finance is evolving into something greater — welcome to Feo!

Why the Change?

Flac Finance was on the path to becoming a comprehensive financial platform, but during its development, we identified a critical gap — our ecosystem lacked an in-house exchange to provide the necessary liquidity and trading capabilities. To address this, we have built a robust trading engine and a complete exchange platform, designed from the ground up to meet the needs of our users.

This development marks the beginning of a new chapter, and with it, a rebrand that reflects our enhanced capabilities and future vision. Flac Finance is now Feo.

Introducing Feo

Feo is more than just a new name — it’s a comprehensive ecosystem designed to offer seamless financial services and trading opportunities. With Feo, you can expect the same commitment to security and simplicity, now powered by an advanced exchange platform that brings greater liquidity and efficiency to our ecosystem.

Explore our new home at feo.io and discover all the features Feo has to offer.

Meet Feo Exchange

Behind the scenes, our team has been hard at work building an exchange that we believe will transform the way you engage with Feo platform. We’re thrilled to finally introduce Feo Exchange, which is powered by our proprietary in-house trading engine. This engine not only ensures fast and efficient trades but also connects with partner exchanges to deliver even greater liquidity, providing you with a seamless and robust trading experience.

The exchange will be made available for testing along with the mobile app in the due course. Testing the exchange platform will also earn testing rewards in FNX tokens.

Actual product Screenshot

Meet FNX: The New Ecosystem Token

As part of our evolution, we are excited to introduce FNX, the new utility token for the Feo platform. FNX will be the backbone of our ecosystem, offering a range of benefits and utilities for our users.

Token Details:

  • Supply: 1,000,000,000 FNX tokens
  • Decimals: 6

For our loyal FLAC token holders, you can get a 1:1 exchange for FNX tokens. Simply burn your FLAC tokens by visiting flac.finance and receive your FNX tokens seamlessly.

For more information on FNX, including tokenomics and utilities, visit fnxtoken.com.

Introducing the FNX Stake Pool

As part of our commitment to providing more opportunities for our community, we’re excited to announce the launch of the FNX Stake Pool! By participating in the stake pool, you can earn regular ADA rewards along with an additional 0.5% APY paid out in FNX tokens. This is a fantastic way to grow your holdings while supporting the Feo ecosystem.

For more information and to get started, visit fnxtoken.com/stakePool

Sunsetting Milo NFTs

This was a hard decision for us but to keep In line with our focus on the future, we have made the decision to sunset Milo NFTs due to their limited utility within the new Feo ecosystem. However, we’re offering a final benefit for Milo NFT holders — burn your Milo NFTs and receive FNX tokens at the rates specified on flac.finance

What’s Next?

The transition from Flac Finance to Feo is a significant step forward, and we’re excited to continue this journey with you. Stay tuned for more updates, and thank you for your continued support as we build a stronger, more innovative financial ecosystem.

Welcome to Feo — Crypto Made Simple and Secure.

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