Falcon Finance updates white paper: adopts dual-token model USDf and sUSDf, TGE circulation is about 2.34 billion

According to Falcon Finance, its white paper has been updated, introducing the synthetic dollar protocol and $FF token. The protocol achieves returns through a diversified strategy, employing a dual-token model (USDf and sUSDf), supporting stablecoin and non-stablecoin collateral, and employing an on-chain insurance fund to mitigate risk. $FF tokens have a fixed supply of 10 billion, with a TGE circulation of approximately 2.34 billion. They have governance and utility functions and can be used for proposals, voting, staking, and more. The distribution ratio includes 35% for the ecosystem, 32.2% for the foundation, and 20% for the team and contributors. Regarding future plans, by 2025, the protocol will expand fiat currency channels to Latin America, Turkey, the Middle East, and North America, launch UAE gold redemption services, and integrate tokenized treasury bonds with RWAs. By 2026, the protocol will build an RWAs engine, expand gold redemption to the Middle East and Hong Kong, and launch institutional-grade USDF products and investment funds.