Explain more about our platform

Frequently Asked Questions

Below we’ve provided a bit of information of Our Token and the its Project. If you have any other questions, please get in touch with us.

About Filipcoin

What is the FILIPCOIN Token?

The FILIPCOIN Token is a crypto-currency built using the Ethereum protocol (ERC20) and Decentralized Ledger Technology. Our goal is to develop and innovate our own blockchain technology which focuses on the decentralized finance, a system of service economy application that will provide practical solutions for our users, investors, and developer partners.

Please refer to our Twitter, Facebook, and Instagram pages. For more in-depth discussions, check out our Telegram. Links provided below:

Twitter: https://twitter.com/filipcoinfcp

Facebook:

FB Group Page: https://www.facebook.com/filipcoinfcp

FB Like Page: https://www.facebook.com/filipcoinfcp

Instagram: https://www.instagram.com/filipcoinfcp/

Telegram:

Telegram Channel: https://t.me/filipcoinfilipchannel

FILIP Telegram Group Chat: https://t.me/filipcoinfilip

Please check our website and social media for the latest news and updates on our roadmap and timeline. We are organizing public sale later this year.

The FILIPCOIN Token will immediately be available as a medium of exchange within the FILIPCOIN Network for various FILIPCOIN goods and services, including those of FILIPCOIN’s partners. The token will also be usable within FILIPCOIN Transportation Industry. Our long-term goal is to provide as many uses as possible, so stay tuned for updates!

FILIPCOIN Token is funded by the shareholders of Service Economy Applications Inc. (SEAI) and other Angel Investors. We also allocate a portion of the sales of the tokens to the operations of FILIPCOIN Token. Please see FILIPCOIN Whitepaper for detailed information on allocation of token sales.

The conception of FILIPCOIN and the possibilities it will offer, have been strongly supported by the founding members, the development team, industry experts, early backers and investors, lawyers, and professional consultants of Service Economy Applications Inc (SEAI).

One unit of the FILIPCOIN token is logically equivalent to the 1 satoshi. In other words you can't divide the FILIPCOIN token in smaller units. We believe that this is more convenient for the users than to set the token's value to X number, and then have users possess some small fraction of it.

The FILIPCOIN Token will be created by Service Economy Applications Inc professional developers and senior software engineers, limited and allocated to wallets of buyers.

Tokens can be bought in pre-sale and public sale using standard cryptocurrencies: Bitcoin and Ethereum. By purchasing the tokens in pre-sale, you’re getting a voucher for the amount of tokens you’ve bought. You can later claim them when the FILIPCOIN Token goes live.

Yes! We already have a wallet for Android and IOS that is in the final stages of testing, we will be announcing it once it has been audited and we know it is fully secure.

Cryptocurrencies and the technology that drives it is still in the early days. Every day we continue to see more individuals, companies, and countries pivot towards the industry to empower themselves in ways not possible without crypto. The overall trend continues to grow.

FILIPCOIN had an implementation and launching of FILIPAY early 2018 to 2019. It took FILIPCOIN until November 2020 to get the development back and be able to launch the FILIPCOIN Token with new partner developers.

We are currently in the final test phase for our Android and IOS App, new platforms will be announced via our channels.

That number cannot be determined until after the public sale.

About Cryptocurrency

Cryptocurrency is a type of digital currency that uses cryptography for its security.

  • Their value cannot be influenced by producing more coins, because the production is secured by cryptography.
  • They are usually decentralized and do not require a central governance, making them safer and more reliable.
  • They allow the user to be in full control of his or her funds, without the involvement of third parties.
  • They can be used for more specific purposes, such as for smart contracts or stores of value for items.

The first and the most popular cryptocurrency in the world is bitcoin. It made a breakthrough by its revolutionary concept of decentralized protocol in which transactions are processed by computers all around the world, without the involvement of any third party. Other cryptocurrencies are developed using the similar design, each having its own twist or a specific feature that drives it. Some of the most popular ones are: Ethereum, Litecoin and Ripple.

There are many websites, the most popular ones being CoinMarketCap.com, CoinBase.com, Markets.BusinessInsider.com

About The Company

The company name is SERVICE ECONOMY APPLICATIONS INC. (SEAI)

SERVICE ECONOMY APPLICATIONS INC. registered under the Securities and Exchange Commission (SEC) with Company Reg. No.: CS201804315 on March 27, 2018.

FILIP’s mission is to create social capital platform for service economy applications integrating blockchain technology to utilize and strengthen decentralized transaction protocol system to serve and address the interests of all of its participants locally and globally.

This approach is the first ever system that offers a balance between autonomy, cost efficiency, and risk. This will allow Partner Developers to focus on the development of relevant applications addressing the customers’ goals. A customer-centric approach driven by customer needs and preferences, but will however, maintain the decentralized approach with respect to the payment protocol system to maintain reliability, speed, lower transaction fee, mobility and enhanced security.

FILIP envisions to be one of the pioneers of cryptocurrency in the Philippines to implement DeFi, as well as in Asia, and drive the country to the global financial digitization. We envision to be the catalyst of financial technology facilitating the growth of our partners, investors, and the rest of our stakeholders.

FILIP is an organization that will employ a decentralized digital currency on the ETH code.  The objective is to supplement the development of the technological projects provided by our partner developer companies.

It will be responsible for the crypto currency assets, development of coin, and the continuous updates of future products and services under the FILIPCOIN blockchain. Funds received by the FILIP organization will be utilized to further improve the FILIPCOIN in order to increase its value with proper integration on service economic application projects.

Here are our objectives:

  • Provide smooth and secure transactions between apps, merchants and users
  • Provide the possibility of transferring value between users & merchants
  • Make the process of exchanging/splitting of virtual currencies
  • Payment gateway collaboration with different industries
  • Create & provide mass payment facility to fulfill community needs

While some providers aim to avoid regulation, we believe it is important to offer a fully regulated platform, and therefore we are committed to working with regulators. We understand that FILIPAY/FILIPCOIN may come within the regulatory requirements of the central banks such as the Bangko Sentral ng Pilipinas (“BSP”), since the apps will include functions relating to the delivery of financial services, particularly, for payments and remittances, which have material impact on anti-money laundering (“AML”) and combating the financing of terrorism (“CFT”), consumer protection and financial stability. We are currently preparing our application for registration with the BSP. We intend to comply with the requirements of the relevant regulatory agencies in other jurisdictions where we will operate in the future.