Buy Flamingo Finance (FLM)
What is Flamingo Finance?
Flamingo Finance is a decentralised finance (DeFi) platform built on the Neo blockchain. It offers a range of services, including token conversion, liquidity management, and yield-generating staking. It incorporates advanced features for transaction efficiency and cross-chain interoperability.
How does Flamingo Finance work?
Flamingo Finance operates through several components integrated into a single DeFi ecosystem. It uses smart contracts on the Neo blockchain to automate transactions and employs the Poly Network interoperability protocol to enable cross-chain transactions. The platform features a cross-blockchain asset gateway, a liquidity pool, an asset vault, perpetual contracts, and a decentralised governance organisation (DAO).
What are the potential use cases for Flamingo Finance?
Flamingo Finance's use cases include:
- Decentralised Finance (DeFi) applications: Leveraging its comprehensive DeFi infrastructure.
- Cross-chain asset management: Facilitating interoperability between different blockchain networks.
- Liquidity provision and staking: Offering rewards to users who provide liquidity and stake tokens.
- Yield farming and liquidity mining: Allowing users to earn returns on their cryptocurrency holdings.
- Perpetual contract trading: Enabling advanced financial trading options.
- Governance through DAO: Involving token holders in the decision-making process for platform development.
What is the history of Flamingo Finance?
Flamingo Finance was launched in September 2020, incubated by Neo Global Development (NGD). Within a week of launch, it reached over $1.5 billion in total value locked (TVL). In October 2021, the project transitioned to MyMingo for further development and management. Significant advancements include the implementation of a governance mechanism through DAO and the introduction of various features to enhance platform capabilities.
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Frequently Asked Questions (FAQs)
What is the current price of Flamingo Finance (FLM)?
The Flamingo Finance price is $0.11692825 AUD, representing a -4.97% from the day prior.
Where is the best place to buy Flamingo Finance (FLM) in Australia?
The best place to buy Flamingo Finance (FLM) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell Flamingo Finance (FLM) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of Flamingo Finance (FLM)?
The trading volume of Flamingo Finance (FLM) is $4.7M AUD in the last 24hrs, representing a -4.97% from the day prior.
How can I buy Flamingo Finance (FLM)?
Flamingo Finance (FLM) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of Flamingo Finance (FLM)?
The current market cap of Flamingo Finance (FLM) is $74.0M AUD.
Can I convert Flamingo Finance (FLM) to cash?
Yes - With Coinstash you can convert your Flamingo Finance (FLM) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many Flamingo Finance (FLM) are there?
The current circulating supply of Flamingo Finance (FLM) is 639.2M.
Is Coinstash a safe place to buy Flamingo Finance (FLM) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling Flamingo Finance (FLM) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices.