CryptoCurrencies
7862
Exchanges
500
Total Market Cap
2,180,581,059,915
Volume 24h
212,364,772,791
Dominance
BTC 50.42%   ETH 17.73%   USDT 4.49%   BNB 2.80%

Flooring Lab Credit
FLC

0.02693
$
4.99 %
Change 24h
Market Cap
$ 56,920,756
Volume 24h
$ 4,975,278
Circulating Supply
2,113,469,026
Total Supply
25,000,000,000
FLC
$
# Exchange Pair Price Volume 24h

Description

The $FLC token is the native currency that powers the Flooring Protocol ecosystem. It unlocks and fuels customized platform utilities for all users. Enabling Safeboxes By staking $FLC in their Flooring Account, users can create personalized Safeboxes to reserve NFTs for custom time periods. Higher $FLC stakes allow longer max durations and greater benefits. Unlocking VIP Perks Staking $FLC also determines a user's VIP status tier. Higher tiers unlock exclusive perks tailored to strategies from swift cash-outs to long-term stability and collector retention. Incentivizing Liquidity Providers The protocol rewards liquidity providers who add to $FLC and ╬╝Token exchange pools with $FLC mining rewards proportional to their share of the pool. These incentives robust liquidity vital for ecosystem growth. Managing the Treasury Reserve The protocol treasury accumulates a portion of all $FLC expenditures like fees and bids. These reserves help fund ongoing development, provide collateral, and maintain $FLC value stability. The treasury may also provide Eco-system contributor grants to worthy contributors and projects. Maintaining Protocol Stability Random Vault redemptions normally have no fees. But if reserves dip too low, a redemption fees in $FLC applies. This disincentivizes excessive withdrawals during periods of volatility. In summary, $FLC constructs Flooring Protocol's economic framework by incentivizing beneficial platform interactions. This enables a dynamic, utility-driven marketplace.