Folks Finance (FOLKS)
Rank #583
Market snapshot
- Price
- $1.84
- Market cap
- $22.5M
- 24h volume
- $1.0M
- Circulating supply
- 12,198,407
- Total supply
- 50,000,000
- Max supply
- 50,000,000
What is Folks Finance?
Folks Finance is a decentralized finance protocol designed to facilitate lending and borrowing across various blockchain networks. It operates through a user-friendly interface that allows users to interact with its smart contracts directly. The protocol aims to provide utility, governance, and alignment mechanisms for its contributors and the community.
How Folks Finance works
Users can access Folks Finance tools via its interface or interact directly with its smart contracts on supported blockchains. Token movements are a result of user-initiated interactions with these smart contracts, ensuring that all transactions are executed within the underlying blockchain framework.
Key information
- Symbol
- FOLKS
- CMC rank
- #583
- Network / platforms
Algorand, Arbitrum, Avalanche C-Chain, Base
- Categories
- N/A
- Date added
- Nov 3, 2025
Contract address
Contract addresses are stored from CoinMarketCap metadata and are shown as recorded. CoinLoom does not independently certify them as official.
Algorand
3203964481Arbitrum
0xFF7F8F301F7A706E3CfD3D2275f5dc0b9EE8009BAvalanche C-Chain
0xFF7F8F301F7A706E3CfD3D2275f5dc0b9EE8009B
Key characteristics
Folks Finance is an open-source, non-custodial protocol comprised of autonomous smart contracts deployed on public blockchains. It is designed to be permissionless and ownerless, meaning it is not operated or controlled by any individual or entity. The protocol supports cross-chain functionality and utilizes the NTT standard, allowing the $FOLKS token to exist natively on multiple chains.
Documented uses
The $FOLKS token serves as the coordinating layer of the Folks protocol, providing governance and utility mechanisms for the protocol and its community.
Official resources
Risks
Digital asset prices can be volatile and can change materially. Users should verify the contract address and network before transferring assets. Self-custody requires secure private-key and recovery-phrase handling. Centralized platforms can involve operational, custody, and counterparty risk. Availability and regulatory treatment can vary by jurisdiction. Transaction finality and reversibility can differ by network.
Transfer and custody notes
Verify the asset name, network, and any supplied contract details before transferring. Verify destination address and network before sending assets. Review the custody method, including self-custody versus a third-party platform. Understand that transfers may be irreversible and that CoinLoom does not confirm exchange availability.
FAQ
- What is Folks Finance?
- Folks Finance is a decentralized finance protocol that facilitates lending and borrowing across multiple blockchain networks.
- How does Folks Finance operate?
- Users can interact with Folks Finance through a user-friendly interface or directly with its smart contracts on supported blockchains.
- What are the key technical features of Folks Finance?
- Folks Finance is an open-source, non-custodial protocol comprised of autonomous smart contracts, designed to be permissionless and ownerless.
- What are the risks associated with using Folks Finance?
- Digital asset prices can be volatile, and users should verify contract addresses and networks before transferring assets.
- How can I verify the acquisition of Folks Finance tokens?
- Verify the asset name, network, and contract details before transferring assets.
- Where can I find official resources for Folks Finance?
- Official resources for Folks Finance can be found on their website at https://folks.finance/.
Related cryptocurrencies
Listed from stored network and category relationships, not a similarity score.
