Basic Information
Project Name: Folks Mobile
Project Track: ai-automation
Team Name: Folks Mobile
Team Members: 8
Social Info
X (Twitter): @FolksMobile
Website: https://folksmobile.app/
Project Overview
Project Goal: Folks Mobile aims to become one of the first AI-powered apps bridging crypto and everyday finance at scale. The app combines on-chain savings, collateral-backed card spending, and an AI layer that simplifies management decisions, all in a single mobile interface. The goal is to generate significant payment volume on TRON, positioning Folks Mobile among the leading AI-native fintech products globally.
Unique Value Proposition:
Most crypto card products force users to sell assets to spend, leaving savings, yield, and payments scattered across separate apps. Folks Mobile brings these together in one place. Assets stay in yield-bearing positions and can also be used as collateral to fund everyday card transactions, preserving long-term portfolio exposure while unlocking real-world purchasing power without selling. The AI layer handles yield routing, spending and rebalancing recommendations, all surfaced in a clean mobile interface. TRON is architecturally central: its throughput and USDT dominance make it the natural settlement backbone for a consumer payments product at scale
Project Demo: Website and waitlist live at https://folksmobile.app. Beta app in final pre-launch stage.
Expected Completion Date for 2026: Late Q3
Current Progress (%): 30%
Technical & Governance Details
Project Test Instructions:
- Download the Folks Mobile app (TestFlight for iOS / APK for Android, links provided upon request).
2. Create an account and complete KYC verification via Sumsub.
3. Once verified, navigate to the Wallet section. You will see your TRON deposit address.
4. Deposit TRX or TRC-20 tokens (e.g. USDT) to your deposit address.
5. Test the following flows:
• Deposit & Withdrawal: Send TRX/USDT to your Folks wallet, then withdraw to an external TRON address.
• Onramp: Purchase TRX or TRC-20 tokens via the Buy Crypto section (powered by Transak/MoonPay).
• Swap (when live): Navigate to Swap, select a TRC-20 pair, and execute a trade.
• DeFi (when live): Access yield, lending, or staking products under the Earn section.
• Card Spend (when live): Link the Folks Visa Card and make a test transaction.
• AI management optimizer: Swap, rebalance, spend, monitor positions.
- All transactions can be verified on Tronscan using the transaction hash provided in-app.
Note: A testnet/sandbox environment can be made available for Tron Foundation reviewers upon request.
Technical Details:
Mobile Frontend: React Native with Expo, a single codebase serving both iOS and Android.
Backend: NestJS/TypeScript acting as an orchestration layer with dedicated modules for:
• Auth & KYC — Sumsub for identity verification
• Custody & Key Management: MPC-based custody via Fireblocks, with per-user vault abstraction for secure storage of TRX and TRC-20 assets
• Swap Aggregation: 1inch and Li.Fi for best-execution routing
• Onramp/Offramp: Transak and MoonPay for fiat-to-crypto and crypto-to-fiat conversion
• DeFi Operations: Yield, lending, borrowing, and liquid staking integration with TRON-native protocols such as JustLend DAO (lending/borrowing, sTRX staking), SUN.io (yield farming, stablecoin pools), and USDD stablecoin
• Crypto-Backed Visa Debit Card: Issued via Wirex, enabling users to spend TRX and TRC20 assets at any Visa-accepting merchant
Smart Contract Links: As a VASP-licensed centralised mobile application, Folks Mobile does not deploy its own smart contracts at this stage. We interact with TRON at the protocol level through our custody and backend infrastructure rather than through custom on-chain contracts.
If required for due diligence, we’re happy to share our integration partners’ contract addresses and documentation to verify TRON support across different features. We can provide these upon request.
How is the Project Governed?: Centralized and Fully Complaint
Funding & Business Model
Funding Request: To drive meaningful ecosystem growth from day one, we are requesting a $TRX/$USDD/$USDT cashback incentive program on Folks Visa Card transactions with the following structure:
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Cashback Rate: 4% in $TRX or TRC-20 asset on all qualifying card spend
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Monthly Per-User Cap: Enforced to ensure broad distribution across the user base and sustainable program longevity (i.e. $1000/user)
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Distribution: Rewards credited directly to users’ wallets on the Tron network in the mobile app or ability to withdraw in a Tron compatible wallet - every cashback event is an on-chain transaction
*A Max Volume Cap (i.e. $200M) can be set according to Tron preferences, as well as the distribution mechanism (i.e. automatic top up model based on cumulative volumes). Every reward creates a real $TRX/TRC-20 holder driving measurable on-chain activity for the Tron ecosystem, and incentivize actively new transactions on chain.
Card cashback is paid in TRX or any TRC-20 asset directly into the user’s Folks wallet. From there, we nudge users toward Earn features, staking, lending, or yield deposits.
This creates a positive flywheel: spend → earn cashback → stake/deposit → grow holdings → spend again, driving sustained on-chain activity and retention on TRON.
Revenue Model: Folks Mobile has different revenue streams, including:
- Card: interchange revenue
- Savings: yield spread on DeFi deposits managed through the app
- Rebalancing and swaps: fee on portfolio rebalancing and asset swap operations executed in app
- Interest on collateral backed loans: interest paid by users on card spend funded against their portfolio, in line with standard borrowing rates
- Partner integrations: revenue share with third-party services integrated into the app ecosystem
Interested in TRON Having a Stake?: Yes, we are open to discussing a strategic involvement
Preferred Collaboration Method: We are looking for a strategic partnership with TRON DAO that goes beyond a one-time grant. On the marketing side, we would like TRON to actively promote Folks Mobile across its channels as the reference AI-powered payment app built on TRON, co-positioning the product as a flagship example of what consumer finance on TRON looks like.
On the product side, we welcome TRON DAO’s input and feedback as the app evolves , leveraging their ecosystem knowledge to improve the product, identify integration opportunities, and ensure Folks Mobile is making the most of what TRON’s infrastructure has to offer.
Ecosystem Impact:
- Drives native TRC-20 assets transaction volume, directly strengthening TRON’s position as the dominant AI consumer payment chain
- Increases on-chain throughput through real, recurring retail activity, savings deposits, transfers, and swaps at scale
- Abstracts TRON’s complexity behind a clean consumer UX, lowering the barrier to entry for mainstream and emerging market users
- Creates sustained retail inflow into TRON-native assets through accessible swap and savings interfaces
- Positions TRON as the infrastructure backbone of a globally distributed consumer fintech platform, demonstrating real-world scalability beyond trading and speculation
- Unlocks future use cases, undercollateralized lending, AI-managed savings vaults, RWA-backed yield, that expand what TRON infrastructure can power at the consumer level
Time on TRON:
This will be the first launch
Project Milestones
Milestone 1 - TRON Foundational Infrastructure
Target: Early Q3 2026
Custody (Fireblocks MPC), deposits, withdrawals, fiat on/off-ramp (Transak/MoonPay), in-app swaps, referral system, and loyalty program. Full user journey from onboarding to first swap with TRON as a core network.
Milestone 2 - TRON-Settled Visa Card with Cashback
Target: End Q3 2026
TRON becomes the primary card settlement layer with USDT/TRC20 assets as the base currency. 4% cashback paid in TRX/TRC-20 assets, with prompts to stake or deposit into Earn: creating a spend → cashback → stake → spend flywheel.
Milestone 3 - AI Yield Optimisation, Cash Savings & Swaps
Target: Q4 2026
AI-assisted rebalancing across TRON DeFi protocols (JustLend, SUN.io, stUSDT), passive cash savings products, and smart swap routing. Users manage earning, saving, and swapping from one interface.
Milestone 4 - Collateral-Backed Spending
Target: Q4 2026
Users collateralise TRX/TRC-20 assets and spend via the Visa Card without selling — preserving exposure, earning yield on collateral, and avoiding taxable events. Built on proven lending expertise from Folks Finance ($400M ATH TVL).
Expansion into Emerging Markets: Q4 2026
Targeted rollout into high-growth emerging markets where crypto adoption is accelerating and access to traditional banking is limited.
Project in 5 Years:
In five years, Folks Mobile will be a leading consumer fintech platform on TRON, serving millions of users globally with high-yield savings, AI-driven financial management, and seamless cross-border payments.
We start with crypto-native users, then expand into mainstream and emerging markets where demand for dollar-denominated savings and accessible global transfers is structurally high. TRON is the settlement backbone throughout its throughput and low costs. As volume scales, Folks Mobile becomes one of the most significant consumer-facing applications in the TRON ecosystem.
The AI layer matures from assistive features into a personalized financial system that adapts continuously to each user, the compounding differentiator that no traditional fintech and crypto app can replicate.