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What can you do with Flamingo?
Store/Hold Flamingo
Many users hold on to their Flamingo with the expectation of it increasing in value. You can store your FLM safely on your Bitget account or on our crypto wallet app BG Wallet, the most user-friendly and secure mobile wallet.
Trade Flamingo
You can trade Flamingo for 150+ cryptocurrencies on Bitget’s industry-leading, fast, and secure trading platform. Bitget offers many trading pairs for Flamingo trading to meet your needs.
Send Flamingo
Yes, Bitget allows you to easily transfer value around the world, fast. You can buy Flamingo online and send to anyone and anywhere with their Flamingo address.
Spend Flamingo
You can also buy goods and services with your Flamingo. More and more vendors and retailers accept Flamingo every day.
Donate Flamingo
Bitget Charity accepts Flamingo donations for global projects that aim to improve the lives of people in the bottom billion. You can donate Flamingo so no one misses out on the growth made possible by blockchain.
Learn More About Flamingo
You can read more in-depth articles on Flamingo from Bitget Research and study how cryptocurrencies like Flamingo work on Bitget Academy
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What is Flamingo (FLM)?
Flamingo is a decentralized finance (DeFi) platform built on the Neo N3 blockchain. It was introduced in 2022 with a range of asset actions and innovative features. Through PolyNetwork, the Flamingo protocol is connected with various other blockchains, including Ethereum and Ontology, allowing users to leverage its interoperability to gain access to more assets within the broader blockchain ecosystem. Flamingo aims to deliver unprecedented capital efficiency and liquidity compared to isolated DeFi protocols.
How Flamingo (FLM) Works
Flamingo offers a suite of DeFi solutions as follows;
- SmartStake feature allows users to wrap assets, add liquidity to a trading pair liquidity pool, and stake their LP tokens all in a single click. The Flamingo token (FLM) functions as the rewards token users can earn by adding liquidity to liquidity pools and staking their LP tokens.
- Convert is an Automatic Market Maker (AMM) that employs the Constant Product Market Maker (CPMM) model to establish the price based on liquidity.
- Wrap and Unwrap is the tool that can wrap any digital assets and bring it to the Neo blockchain.
- Add and Remove Liquidity allows users to provide liquidity and earn passive income via trading fees.
- Stake and Unstake enables users to stake their LP tokens to earn rewards in FLM tokens.
- Earn feature is a one-stop asset manager that integrates asset staking and collateralized stable coin issuance. Users can track their rewards in real-time and claim their rewards in FLM after staking LP tokens.
- Single Stake Fund (FLUND) is a DEX-Traded Fund (DTF) that investors can invest FLM into to earn more FLM.
As can be seen above, FLM token plays a very active role in the Flamingo ecosystem. Its main utility is to encourage and incentivise participants within the ecosystem.
How Many Flamingo (FLM) Tokens Are in Circulation?
The total supply of FLM token, the native token of the Flamingo, is 1,000,000,000, and 453,222,554 of them are in circulation.
How to Buy Flamingo (FLM)
Consider investing in Flamingo (FLM)? It only takes 2 minutes to create an account on Bitget and start trading FLM.
Check out the available FLM trading pairs on Bitget!
Spot market
Flamingo (FLM) Resources
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