The edge that pays for itself.
Flamingo (FLM) Price
Flamingo Price
DeFi Analytics
Advantages of Cryptocurrency
Decentralization & Financial Freedom
Cryptocurrencies operate on decentralized networks, removing the need for intermediaries like banks. This enables peer-to-peer transactions, financial inclusion for the unbanked, and resistance to censorship or government control.
Transparency & Security
Blockchain technology provides an immutable, transparent ledger of all transactions. Cryptographic security makes it extremely difficult to counterfeit or double-spend, offering strong protection against fraud.
Global Accessibility
Anyone with an internet connection can send and receive cryptocurrency worldwide, 24/7, without geographic restrictions or banking hours. This is particularly valuable for international remittances.
Investment Potential
Cryptocurrencies have demonstrated significant long-term appreciation potential. Early investors in Bitcoin and Ethereum saw extraordinary returns, and the asset class offers portfolio diversification benefits.
Risks of Cryptocurrency
High Volatility
Cryptocurrency prices can fluctuate dramatically – often by 20–50% or more within short periods. This high volatility makes them inherently risky investments, and significant capital losses are possible.
Regulatory Uncertainty
The regulatory landscape for cryptocurrencies is still evolving globally. Sudden regulatory changes can significantly impact prices and accessibility, creating legal and compliance risks for investors and businesses.
Security Risks
Hacks, scams, and phishing attacks are prevalent in the crypto space. The irreversible nature of blockchain transactions means stolen funds are rarely recovered. Users must secure their private keys and wallets diligently.
Environmental Impact
Proof-of-Work cryptocurrencies like Bitcoin require substantial computational energy, raising environmental concerns. While the industry is transitioning toward more energy-efficient consensus mechanisms, the carbon footprint remains a significant criticism.
History of Cryptocurrency
The history of cryptocurrency begins with Bitcoin, introduced in 2009 by the pseudonymous Satoshi Nakamoto. The Bitcoin whitepaper, published in October 2008, proposed a peer-to-peer electronic cash system enabling online payments directly between parties without going through a financial institution.
Bitcoin's first recorded commercial transaction occurred in May 2010 when Laszlo Hanyecz paid 10,000 BTC for two pizzas – a transaction now celebrated annually as Bitcoin Pizza Day.
The Rise of Altcoins
Following Bitcoin's success, thousands of alternative cryptocurrencies (altcoins) emerged. Ethereum, launched in 2015 by Vitalik Buterin, introduced smart contracts – self-executing agreements coded into the blockchain – enabling decentralized applications (dApps) and decentralized finance (DeFi).
The ICO Boom and Market Crash
The years 2017–2018 saw an explosion of Initial Coin Offerings (ICOs), where new projects raised funds by selling tokens. Bitcoin reached nearly $20,000 in December 2017 before crashing dramatically in 2018, triggering a prolonged crypto winter.
Institutional Adoption
The 2020–2021 bull run saw unprecedented institutional interest, with companies like MicroStrategy and Tesla adding Bitcoin to their balance sheets. Bitcoin hit new all-time highs above $60,000. The launch of Bitcoin ETFs and growing regulatory clarity further legitimized the asset class.
DeFi, NFTs & Web3
Decentralized finance (DeFi) protocols, non-fungible tokens (NFTs), and the broader Web3 movement transformed the cryptocurrency landscape. Platforms like Uniswap, Aave, and OpenSea enabled entirely new financial and digital ownership models.
Today, the cryptocurrency market encompasses thousands of digital assets with a combined market capitalization in the trillions of dollars, representing a fundamental shift in how the world thinks about money, finance, and digital ownership.
Exchange
| Exchange | Market Pair | Price | Depth +2% | Depth -2% | Volume 24H | Volume % | Type | Liquidity Rating | Freshness |
|---|---|---|---|---|---|---|---|---|---|
| SuperEx | FLM/USDT | 0.03 | 5,666.12 | 3,193.44 | 2.26 M | 0.00 | cex | 1.00 | 7/9/2025, 6:18 AM |
| Bitget | FLM/USDT | 0.03 | 23,005.94 | 23,128.04 | 1.17 M | 0.06 | cex | 389.00 | 7/9/2025, 6:24 AM |
| MEXC | FLM/USDT | 0.03 | 133,972.31 | 70,070.93 | 1.06 M | 0.04 | cex | 452.00 | 7/9/2025, 6:18 AM |
| XXKK | FLM/USDT | 0.03 | 68,758.50 | 54,428.13 | 1.04 M | 0.07 | cex | 28.00 | 7/9/2025, 6:21 AM |
| Binance | FLM/USDT | 0.03 | 53,462.44 | 40,283.19 | 730,868.21 | 0.01 | cex | 615.40 | 7/9/2025, 6:23 AM |
| BitMart | FLM/USDT | 0.03 | 23,194.28 | 32,681.66 | 647,164.74 | 0.04 | cex | 337.00 | 7/9/2025, 6:21 AM |
| Gate | FLM/USDT | 0.03 | 28,931.91 | 17,909.08 | 307,580.38 | 0.01 | cex | 415.00 | 7/9/2025, 6:23 AM |
| LBank | FLM/USDT | 0.03 | 52,575.09 | 55,234.98 | 196,371.04 | 0.01 | cex | 366.00 | 7/9/2025, 6:21 AM |
| OKX | FLM/USDT | 0.03 | 5,882.85 | 17,561.29 | 146,556.68 | 0.01 | cex | 404.00 | 7/9/2025, 6:23 AM |
| BYDFi | FLM/USDT | 0.03 | 6,771.59 | 3,423.57 | 145,339.41 | 0.10 | cex | 195.00 | 7/9/2025, 6:21 AM |
Flamingo FAQ
Flamingo is a decentralized finance (DeFi) platform operating on the Neo blockchain and utilizing the Poly Network interoperability protocol. It integrates multiple DeFi applications into a unified ecosystem, which includes a cross-blockchain asset gateway (wrapper), an on-blockchain liquidity pool (swap), a blockchain asset vault, a perpetual contract trading platform (perp), and a decentralized governance organization (DAO). The various components of the Flamingo network are scheduled to be launched across several phases: - Token wrapper for Bitcoin, Ethereum, USDT, Neo, Ontology, and others: September 23, 2020 - Swap and LP token staking: September 30, 2020 - Phase 3 vault launch and stablecoin issuance: October 28, 2020 - Perp launch: November 25, 2020 - DAO launch: December 23, 2020
Flamingo was founded by Da Hongfei, a Chinese entrepreneur renowned for co-founding Neo, a prominent blockchain network considered a major competitor to Ethereum. Flamingo operates on the Neo blockchain. Hongfei is also a co-founder of OnChain, a company that provides private blockchain services. Da Hongfei holds a degree in English and technology from the South China University of Technology. Before venturing into the blockchain industry in 2013-2014, he served as the CEO of IntPass Consulting and taught himself how to code.
Flamingo is positioned as a unique platform that integrates various decentralized finance (DeFi) tools within the Neo ecosystem into a unified environment, governed by its users through a decentralized autonomous organization. Decentralized finance is an emerging and rapidly expanding trend within the cryptocurrency sector, encompassing a range of financial solutions that generally operate on cryptocurrency blockchains. DeFi platforms function as a second layer in the industry, aligning with the overarching concept of the cryptocurrency realm: removing intermediaries and eliminating singular points of failure in financial systems. Since its inception in early 2019, the DeFi industry had already achieved over $4 billion in locked collateral assets by mid-2020. Key use cases in DeFi include cryptocurrency lending, yield farming, and decentralized exchanges. However, for most cryptocurrencies and their respective DeFi environments, each of these solutions is typically offered by distinct, separate platforms. Flamingo distinguishes itself by aiming to integrate all essential financial instruments for the Neo cryptocurrency token—such as token wrapping, liquidity pooling, asset vault, and contract trading—making them accessible via a single platform governed in a decentralized manner by its users.
FLM tokens are structured to be issued in multiple batches and allocated to the participants of the ecosystem, based on their active engagement within the network. The Flamingo team stresses that no FLM tokens will be sold, minted, or allocated to the platform’s team before its public debut. In the initial week following the launch of the Flamingo Vault—designated as the “mint rush” period—an allocation of 50 million FLM will be distributed across staking pools. Subsequent to the launch of Flamingo Swap (weeks 2-5), an additional 40 million FLM will be allocated to liquidity providers. During weeks 6-9, a further 30 million FLM will be distributed among liquidity providers and FUSD minters. Finally, in weeks 10-13, an additional 30 million FLM are scheduled for distribution among liquidity providers, FUSD minters, and Flamingo Perp traders. There is no fixed cap on the total supply of FLM: following the initial minting phase and the establishment of the governing decentralized autonomous organization, the creation of new FLM tokens and their distribution will require consensus from the ecosystem’s participants.
FLM is founded on NEP-5, which is Neo’s token compatibility standard, thereby benefiting from the security provided by Neo’s blockchain. Neo's security is ensured through the use of two hash functions: SHA-256, which is the same cryptographic standard that secures Bitcoin (BTC), and RIPEMD-160.
As of October 2020, the FLM token is not yet available for trading on any cryptocurrency exchanges and can only be obtained through direct participation in the Flamingo network. This page will be updated once FLM begins trading on publicly accessible exchanges. For further information, please refer to Eulerpool.
Similar Cryptocurrencies to Flamingo
Discover cryptocurrencies similar to Flamingo and explore alternatives in the same category.