Flamingo Price

FLM (Flamingo) is a cryptocurrency that belongs to an interoperability full-stack DeFi protocol based on Neo. It mainly consists of six parts:

1. Wrapper: Cross-chain asset gateway.
2. Swap: On-chain liquidity provider.
3. Vault: One-click asset management service.
4. FUSD: Synthetic stablecoin asset.
5. Perp: A perpetual contract trading platform utilising an automated market maker mechanism.
6. DAO: Decentralized autonomous organization for governance.

The FLM token is the governance token of the Flamingo platform, allowing holders to vote on changing platform parameters, deciding whether to issue more FLM tokens, and more. The Flamingo project is incubated by Neo Global Development (NGD) and aims to achieve bidirectional asset flow within a multi-chain environment. The governance mechanism of this project will gradually transition from POA (Proof-of-Authority) to a DAO, enabling community self-governance.