FLC

Floor Protocol price 
FLC

$0.006217  

0.24% (1d)

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Floor Protocol statistics
Market cap
 

0.00%

$155,415,475
#3881
Volume (24h)
 

16.67%

$91,013
#2701
Volume/Market cap (24h)
 
0.06%
Self-reported circulating supply
 
25,000,000,000 FLC
100.00%
Total supply
 
24,999,999,991 FLC
Max. supply
 
24,999,999,998 FLC
Fully diluted market cap
 
$155,415,475
FLC to USD Converter
FLC
USD
Price performance
24h 
Low
$0.006168
High
$0.006375
All-time high
Jan 03, 2024 (5 months ago)
$0.0357
-82.59%
All-time low
Nov 07, 2023 (7 months ago)
$0.004631
+34.25%
See historical data
Popularity
In watchlists658x
7079th / 10.1K
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About Floor Protocol

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 μToken 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.

Facilitating Events $FLC is required to initiate protocol events like auctions and raffles. As the platform's native currency, $FLC also serves as a discounted bidding option during these events.

In summary, $FLC constructs Flooring Protocol's economic framework by incentivizing beneficial platform interactions. This enables a dynamic, utility-driven marketplace.