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Floor Protocol news
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.
The live Floor Protocol price today is $0.018693 USD with a 24-hour trading volume of $3,567,164 USD. We update our FLC to USD price in real-time. Floor Protocol is up 15.28% in the last 24 hours. The current CoinMarketCap ranking is #2657, with a live market cap of not available. The circulating supply is not available and a max. supply of 24,999,999,998 FLC coins.
If you would like to know where to buy Floor Protocol at the current rate, the top cryptocurrency exchanges for trading in Floor Protocol stock are currently OrangeX, BingX, Uniswap v3 (Ethereum), WOO X, and CoinEx. You can find others listed on our crypto exchanges page.