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FAQs
General
What is the Flour Yield Token (FYT) in one sentence?
FYT is a MiCA-compliant utility token backed by basalt rock that finances carbon-negative soil‐health projects and powers payments inside the Flour Yield ecosystem.
Who issues FYT?
FYT is issued by Insela UAB, a GreenTech/GreenFi company registered in Lithuania.
What makes FYT a “green token”?
Each token is collateralised by one kilogram of basalt powder, which both sequesters CO₂ through enhanced rock weathering and remineralises soils—documented by on-chain MRV.
Basalt & Environmental Impact
How does basalt lock away carbon?
When rainwater reacts with basalt’s silicate minerals, it converts atmospheric CO₂ into stable bicarbonate that flows to the oceans and stores carbon for millennia.
How does basalt improve soil health?
It slowly releases essential minerals (Ca, Mg, K, Si), raises pH, and strengthens plants—often reducing or eliminating the need for synthetic fertilisers and pesticides.
Will basalt help cut pesticide use?
Yes. Mineral-rich, silicon-fortified crops show 20–60 % less pest and disease pressure, lowering or even eliminating pesticide sprays.
Token Mechanics & Utility
What can I do with FYT today (Phase 1)?
Use it as payment for basalt fertiliser, regenerative farm inputs, and selected organic foods; earn it by contributing field data, referrals, or educational content; stake it to unlock soil-analytics dashboards and discounts.
Is FYT a stablecoin?
No. It is a utility token whose value is tied to real-world basalt but may fluctuate with market demand; it does not guarantee a peg or redemption right.
Will FYT ever become redeemable?
In Phase 2 we plan to upgrade FYT to an Asset-Referenced Token (ART) under MiCA, backed by basalt + verified carbon credits + liquidity reserve, enabling optional redemption at net asset value.
Compliance & Governance
How is FYT compliant with the EU MiCA regulation?
FYT is classified under Title II (“other tokens”), with a notified Crypto-Asset White Paper, audited reserves, and strict AML/KYC procedures.
Who audits the sustainability claims?
Independent labs analyse soil samples and bicarbonate runoff; findings are hashed on-chain and reviewed annually by an accredited ESG auditor.
Does FYT pay dividends or interest?
No. FYT offers consumption benefits only—discounts, access, and ecosystem rewards. There is no promise of profit or guaranteed buy-back price.
Partnership & Supply
Where does the basalt come from?
From the Spac Quarry in northern Albania, operated by Balkan Basalt Shpk, a subsidiary of Balkan Basalt Holding B.V. (Netherlands).
How much basalt has Insela secured?
Insela holds title to 10 million tonnes under a long-term purchase agreement; payments are staged in FYT and fiat.
Practical Matters
How can I buy FYT?
During the private placement via our authorised broker, and later on MiCA-licensed exchanges; full details are in the “How to Participate” page.
Can U.S. persons participate?
Currently, FYT is not offered to U.S. residents or any jurisdiction where token sales are restricted.
What wallets and chain does FYT use?
FYT is an ERC-20 token on Polygon PoS; any Polygon-compatible wallet (MetaMask, Rabby, etc.) will work.
Where can I read the full scientific background?
Download the Basalt Dossier and the complete White Paper at https://www.flour-yield.com/resources.
Risk & Disclaimer
Is there a risk I could lose money?
Yes. FYT prices may fluctuate, regulatory changes could impact trading, and projected carbon credits are subject to scientific uncertainty—read the full Risk Factors section before participating.
What happens if Polygon’s fees or emissions rise?
The FYT Foundation pre-commits to purchase extra carbon credits to keep the token’s net-negative footprint; technical migration remains an option if needed.