Technology

$FEM Coin Frequently Asked Questions

Lisa Buyer
·
April 4, 2022
$FEM Coin Frequently Asked Questions

What is $FEM?

$FEM is a cryptocurrency that Lisa Buyer created and can be used to unlock exclusive benefits and access anywhere on the web, and even IRL. 

With $FEM, we have created our own independent micro-economy designed to support and advance the future of females.

$FEM is slightly different from cryptocurrencies like Ethereum or Bitcoin because it is minted and traded by a Rally company on their “sidechain”.  

This is great news for us because sidechain cryptocurrencies use a lot less processing power, so there are no fees and no excessive environmental impact to worry about.

What can you get with $FEM?

$FEM is like a membership or a loyalty card, where holders get special member benefits and can earn and purchase points exchanged for goods or services. Sort of like the punch card at your local coffee shop or your airline loyalty program.

$FEM coin has a variety of benefits. If you want to buy a $FEM coin just to invest in the future of females -this is supporting an important movement of helping eliminate the gender gap, ageism, abuse of power, and leveling the playing field for all women and non-binary..  

For example, buy $50 or $100 or $250 or more or less. 

We ask, hold for a year, please. 

Not required.

Or use $FEM coin to tap into the community benefits and utility that come with various levels of $FEM coin holders. 

There are benefits to holding $FEM, spending $FEM, and earning $FEM. 

Subscribe to the Female Disruptors newsletter for all the latest $FEM news.

$FEM holders from around the world can also send $FEM to each other and there are never any fees for trading $FEM within our economy.

What are Weekly Rewards?

When you hold $FEM, you will see that you are eligible to earn Weekly Rewards, also known as Community Activity Rewards. Rewards are paid out each week to coin communities who are actively growing and participating in their coin economy. For each community that earns rewards, each participant in a community will receive a share of $RLY proportional to their holdings of that community’s coin. Read more about Rewards here.

How do you buy $FEM?

The initial set up is like setting up a bank account - kind of a pain. Once the set up is complete it is super easy to participate.

Buying $FEM is easy! $FEM can be purchased with any credit card or debit card, as well as for cryptocurrencies, and also using Rally’s Coinbase integration. 

To get started, all you have to do is create an account on Rally.

Can you exchange $FEM for currency? 

Yes. When you go through the steps of moving your money out of Rally, it is known as “bridging out.” There are some fees and limitations to completing this process, and there are some locations where it is currently prohibited. 

To bridge out, your account must be at least 7 days old, and you will have to go through a manual Know Your Customer verification process, which can take an additional 2-3 business days. There are also some fees, set-up steps, and other time-based limitations covered here.

The good news is that as soon as you complete these steps, it is very easy to Bridge Out via a free Coinbase account. If you aren’t familiar with Coinbase, it is a secure platform that makes it easy to buy, sell and store cryptocurrencies like Bitcoin, Etherium and RLY. It has an easy to use website and smartphone app, and works seamlessly with Rally. The interface does not require any crypto expertise—If you’ve used Paypal, you can use Coinbase.

If you’d like to simply spend down your balance, you can also spend $FEM, just check out the Campaigns on my coin page, or trade it for other cryptocurrencies on Rally.

Is buying $FEM like an investment? 

No. While the price of $FEM will go up and down, the value of $FEM is in the benefits we described above and on our coin page.

Is $FEM bad for the environment? 

The environmental impact of minting, buying, and selling Coins (and NFTs) on Rally is like sending a single Tweet. Rally utilizes a sidechain that uses only a handful of computers to complete transactions. Read more about Rally’s environmental impact here.

How much $FEM should I buy? 

Since the price of $FEM is always changing, you should always plan to buy a bit more than the cost of whatever you’d like to purchase with $FEM. For example, if you’d like to purchase my course, which costs $1200, plan to spend a few extra dollars to make sure that you have enough to cover the final transaction. 

Since I will be offering people who hold $FEM special benefits and opportunities, make sure that you always hold at least a few $FEM if you’d like access to those benefits.

 

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For more questions, check out the FAQs on Rally.io at https://rally.io/faq/ or for general questions/help, please contact support@rally.io

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