Folks Finance - Frequently Asked Questions

Question 1

What is Folks Finance?

Whales Market · Accepted Answer

Folks Finance is a cross-chain DeFi platform for lending, borrowing, staking, and trading that began on Algorand and now spans multiple networks using Chainlink CCIP, Wormhole NTT, and Circle CCTP. It’s building a hub-and-spoke design for xChain lending and liquid governance (gALGO/xALGO).

Question 2

What is the native token of Folks Finance?

Whales Market · Accepted Answer

The native token of Folks Finance is $FOLKS.

Question 3

What is $FOLKS (Folks Finance) price today?

Whales Market · Accepted Answer

$FOLKS does not yet have an official market price since it has not been listed. However, it is currently trading at around $0 on the leading pre-market platform, Whales Market. Here, you can buy more $FOLKS or sell to take profit before it is officially listed on CEXs like Binance or Bybit.

Question 4

What is $FOLKS (Folks Finance) pre-market price?

Whales Market · Accepted Answer

As of November 4o 2025, the pre-market price for $FOLKS is $0 on Whales Market. Whales Market is the leading pre-market DEX platform to trade pre-TGE tokens and allocations, trustless and on-chain.

Question 5

What is the total supply of $FOLKS?

Whales Market · Accepted Answer

According to official documentation, the total supply for $FOLKS is 50 million tokens.

Question 6

Which network will Folks Finance ($FOLKS) get listed on?

Whales Market · Accepted Answer

$FOLKS will be listed on the BSC network. The official $FOLKS contract address is 0xff7f8f301f7a706e3cfd3d2275f5dc0b9ee8009b

Question 7

What is the Tokenomics of $FOLKS (Folks Finance)?

Whales Market · Accepted Answer

The tokenomics of $FOLKS (Folks Finance) allocate 35% to Community, 24.73% to Ecosystem Growth, 21.83% to Seed Supporters, 10% to Core Contributors, 4.94% to Strategic Supporters, and 3.5% to Advisors.

Question 8

What is the total amount raised by Folks Finance?

Whales Market · Accepted Answer

Folks Finance has raised $6.2M, including $3.0M from a seed round led by Borderless Capital (with Coinbase Ventures, Jump Crypto, ParaFi, OKX Blockdream, Algorand Foundation, and others) and $3.2M from a 2024 Series A led by Borderless Capital (with Algorand Ventures, Mapleblock, and SOVO Ventures).