Frequently Asked Questions

1. What is the Floren?

Floren is a stablecoin. In other words, it is the cryptocurrency backed by Tangible Assets. Its security is in .9999 fine silver, that is offering real stability and strenght of the currency. Floren holders can be sure that the value of their investment will remain relatively constant thanks to the bullion reducing the impact of market volatility.

2. What is the Floren's value?

Each Floren is secured with 2 grams of fine silver. Converting the value of a florin into practically any currency is nothing more than multiplying the current price of 1 gram of pure silver times two.

3. Can I redeem my Florens for a physical silver?

While the primary purpose of the silver reserves is to ensure stability and value, individuals have the option to exchange their electronic Florens for physical silver Floren coins. However, there will be a costs associated with the production, postage, insurance, and the administration fee for such exchange. Bear in mind that any bullion dealer will charge you an extra premiup reaching over 30% of the value of your purchase.

4. Are there any restrictions on the redemption of my cryptocurrency for silver?

While the primary purpose of the silver reserves is to ensure stability and value, there are no major restrictions on redeeming the cryptocurrency for silver if you pay agreed costs of the transactions. However, for larger redemption amounts, individuals may be paid in pounds, euros, or dollars equivalent to the current market value of silver on the day of the exchange.

5. Can I earn money by buying and selling Florens?

Considering the Floren was intended to be a regular currency, you can still earn. Buying Florens is like buying investment silver, but without the extra bonuses and commissions for the dealers. You pay the current silver price and sell on exactly the same terms.

6. What is the benefit of investing in Florens rather than physical Silver?

Investing in a silver-backed stablecoin such as Floren offers cost-effectiveness, profitability, convenience and stability. Eliminates the premiums associated with physical silver purchases and simplifies storage and handling. The direct link to silver reserves provides stability and mitigates the impact of market volatility on investments.

7. I would like to buy some Florens today - how can I do it?

If you really are in a hurry and want to buy Florens quickly, without dealing with the agents or the office, you need to start by getting Trust Wallet - an application that will safely store your Florens. There you can also get all the necessary information. Click the icon below:

You are more than welcome to ask any questions you may have. We're here to help and provide answers. Feel free to share your questions or request further information.