Price
$0.0879
12/3/2022, 8:22:56 AM
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Market

Market stats

Market cap

$27.4M

Volume (24h)

$2.1M

Circulating supply

312.3M FLM

All time high

$1.24

Price change (1h)

+0.53%

Price change (24h)

+1.55%

Price change (7d)

+4.56%

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Flamingo is on the rise this week.

The price of Flamingo has risen by 4.56% in the past 7 days. The price increased by 1.55% in the last 24 hours. In just the past hour, the price grew by 0.53%. The current price is $0.0879 per FLM. Flamingo is 92.91% below the all time high of $1.24.

The current circulating supply is 312,284,062 FLM.

About

What Is Flamingo (FLM)? 

Flamingo is a platform based on DeFi, whereby users can convert and wrap assets, provide liquidity and earn yield through stakingWrapping is the process of fixing the value of a cryptocurrency to the value of another token or assets like stocks, gold, shares, or real estate, which is then newly minted for transacting on other platforms. Flamingo is a project launched by NEO Global Development, the execution arm of Neo Foundation. Neo Foundation is an organization that provides a network based on blockchain technology for digitizing assets and managing such assets automatically through smart contracts.

According to the litepaper of Flamingo, the platform consists of several functions like Convert, Add and Remove liquidity, and Stake and Unstake tokens. Convert is the on-chain Automated Market Maker (AMM) of Flamingo. The function aims to enable users to swap any token. The Add liquidity feature of the Flamingo platform enables users to provide liquidity to Liquidity Pools (LP).

The Stake and Unstake feature of the platform aims to help the users to stake their LP tokens for earning rewards in FLM, the governance token of the Flamingo platform. Moreover, the feature also allows the users to unstake their LP tokens at any time. A user who unstakes his tokens still owns it. However, he can remove liquidity at any time for swapping LP tokens back to the corresponding assets.

The Earn module of the Flamingo platform enables the users to view the tokens that are available for staking on the platform. Besides, the users can check their current staked tokens and their value. The Invest module of the platform helps users find projects that aim to launch their tokens for public sale.

The Flamingo token (FLM) is the reward token of the Flamingo platform. Users can earn the token by adding liquidity to the liquidity pools. The FLM token holders can participate in the governance of the Flamingo platform through voting in DAO. The litepaper of Flamingo claims that the team further aims to provide the services of lending, insurance, and asset management to the users of the Flamingo platform.

History of Flamingo (FLM)

The litepaper of Flamingo was launched in February 2022. The total supply of FLM is 50,000,000.

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FAQ

What is the current price of Flamingo?

The price of 1 Flamingo currently costs $0.0879.

What is the market cap of Flamingo?

The current market cap of Flamingo is $27.45M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Flamingo?

The all-time high of Flamingo is $1.24. This all-time high is highest price paid for Flamingo since it was launched.

What is the 24 hour trading volume of Flamingo?

Over the last 24 hours, the trading volume of Flamingo is $2.13M.

What other assets are similar to Flamingo?

Assets that have a similar market cap to Flamingo include Astrafer, Yield Guild Games, GXChain, and many others. To see a full list, see our comparable market cap assets.

How many Flamingo are there?

The current circulating supply of Flamingo is 312 million.