FLAT tokens are created when users bond other ERC-20 tokens (e.g., ETH, USDT) into SPOT, which backs FLAT 1:1. The protocol issues FLAT only when SPOT is received, ensuring demand-driven supply growth. The process requires a non-custodial wallet and ETH for gas. A user who does not have a non-custodial wallet, can only provide goods and services to a user who holds these FLAT coins in order to earn FLAT coins.

FLAT protects against volatility by being pegged to SPOT, which adjusts to inflation via CPI, maintaining purchasing power. FLAT token is forever pegged to 2019 inflation-adjusted US dollar. Unlike volatile assets like Bitcoin or Ethereum, FLAT’s value is stabilized, not free-floating.

FLAT’s security stems from its Ethereum blockchain foundation, unfreezable nature, and decentralized governance via the WeThePeople DAO. The platform cannot censor or seize coins, and relies on open-source, audited contracts.

The total supply of FLAT tokens is fixed to 21 Trillion coins. These authorized to be released, but not issued. New FLAT coins come into existence only when users demand them and pay them via BTC, ETC or USDT to the protocol. The treasury provides these tokens to the user, only when it receives equivalent value from other volatile tokens like BTC, ETC or USDT.

FLAT can be used globally for payments (via $flatid), remittances, merchant transactions, investments (e.g., AFLAT), and hiring AI agents. You can use FLAT coins to convert to physical cash via flat site’s peer-to-peer network. A holder of FLAT coins, can convert them into Reals in Brazil, Rupees in India and Rubles in Russia. This is convertible to physical flat in all of the countries in the world.

FLAT ensures transparency via its Ethereum smart contracts and DAO governance. All of our code is visible here. Our open-source code is audited. Our audit report is available for review. We are not fully decentralized yet, but over time it will be fully decentralized. We will post proof-of-reserves as our treasury grows.

Visit flat, add it to your homescreen, open the app, enter your email, verify with a code, and choose a $flatid. You receive 100 FLAT coins ($132) upon sign-up. Once you have this bonus, you can use them immediately to pay anyone. If you need more than 100 FLAT coins, you need to purchase them from the protocol from flat Dapp or buy from your peers.

FLAT is backed 1:1 by SPOT tokens in the treasury, issued only when SPOT is received via bonding. In future releases, we will provide a full account of our proof-of-reserves on flat site. Currently users can verify our collateral directly on Etherscan.

FLAT operates on Ethereum leveraging its smart contract capabilities.

Get FLAT by signing up (100-coin bonus) or buying via a wallet with ETH. Convert to fiat via peer-to-peer connections on flat (e.g., FLAT to Reals or Rubles).

Yes, FLAT is a cryptocurrency—a ERC20 stablecoin on Ethereum, distinct from volatile assets like Bitcoin. It is stable and pegged to SPOT token. Its value trends toward the price of 2019 inflation-adjusted US dollar.

FLAT is decentralized, governed by a DAO, and unfreezable, unlike CBDCs, which are centralized, government-issued, and controllable. FLAT adjusts for inflation; CBDCs typically don’t.

Yes. The audit report is available here.

Not explicitly acronymized; “FLAT” reflects its stable, inflation-adjusted value. It stands for a decentralized stable value token, that will be the financial building block in this alternative financial system with permissionless access to all.

Earning (e.g., selling services), investing (AFLAT), spending privately, remittances, and micropayments . It is a bridge between digital asset world with the physical flat like Real, Rubles and Rupees etc.

Supply grows with demand and remains elastic. New coins are minted only when users provide reserves to back the currency, with other ERC20 tokens. New FLAT tokens come into existence ONLY when the user provides reserves in the form of WBTC, WETH or USDT. All coins are converted into SPOT. In the first phase, FLAT tokens are backed 100% by SPOT token.

2025

FLAT’s safety relies on Ethereum’s security, its unfreezable design, and DAO governance. This currency will emulate the ethos of Ethereum and provide an open-source, decentralized, inflation-resistant, global, scarce, secure (cannot be counterfeited), censorship-resistant, portable, durable, programmable, auditable, self-sovereign store of value and a price-stable unit of account.

The WeThe People DAO governs FLAT; The development team has a collective Software development experience of 75 years. Team is composed of OG bitcoiners who were investors in bitcoin in 2013.

FLAT is backed by SPOT, not fiat directly. This can be verified on Etherscan. It is public.

Connect a non-custodial wallet (e.g., MetaMask) on flat, use ETH for gas, and bond ERC-20 tokens for FLAT.

Projected at $1.32 now, it adjusts with CPI via SPOT. Future value depends on inflation trends, forecasted here. If past is a guide, the price of US Dollar has lost 25% of its value in the last 4 years.

FLAT adjusts for inflation (unlike USDT/USDC), is unfreezable, and fee-free, with email access, unlike centralized, static-value stablecoins. FLAT can be accessed just with an email. It is the first decentralized stablecoin, which relies on only decentralized assets to provide backing.

Certainly. But in future releases.

Not directly. FLAT can be converted to AFLAT tokens, which is an investment token. AFLAT tokens can be staked to provide income in the form of FLAT tokens. People holding AFLAT can expect to earn around 18% in FLAT coins.

Yes, via Ethereum and We The People DAO governance; no central entity controls it. It is not fully decentralized to the level of Bitcoin, but it gradually will be decentralized over the coming releases.

Yes, 1:1 by SPOT tokens, not fiat or physical assets.

Visit flat, check the Docs page, Whitepaper link, or How It Works video.

Bond ERC-20 tokens (e.g., ETH) via a wallet on flat to receive FLAT.

No. It is free to the Merchant and the consumer as long as the transactions happen on flat Dapp. Ethereum Gas fees are payable ONLY when it is transferred from a blockchain wallet.

Sign up on flat with an email, get a $flatid, and receive 100 FLAT. Once you have FLAT tokens in your Dapp wallet, you can use them to send to others or buy goods and services with it.

Currently this feature is available only for whitelisted addresses. In future, anyone can permissionlessly redeem FLAT for SPOT tokens.

Before the end of 2025, FLAT will be available for trading on Uniswap.

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