Franklin

Franklin

FLY
$0.001923867%3.62

Key Metrics

Price$0.001923867
Real Volume (24H)$127,097.18
Marketcap$999,406.06
Fully Diluted ValuationN/A
ATH$0.499968
ATH Date4/16/2021, 7:12:17 PM
ATL$0.0003235
ATL Date9/2/2022, 10:53:16 PM
Circulating Supply519M
Total Supply1.7B
WebsiteN/A
WhitepaperN/A
Popularity Rank2473
Chart
What is Franklin?

Franklin (FLy) is a DeFi platform designed for users who believe in a future of cryptocurrency-driven finance with no intermediaries involved in financial transactions. The platform's goal is to disrupt traditional finance by providing an ecosystem that eliminates the need for intermediary approvals, middleman execution, and sign-up processes. In addition, the platform aims to expand property rights, create new economic models, and offer decentralized organizations, collectible NFTs, and gaming services to its users.

Franklin's ecosystem includes various features such as FLyLaunchpad, FLyDEX for traders, FLyStaking, FLyFarming, and FLyNFT. The platform's native token is called FranklinYield (FLy), an ERC20 token used to support and maintain the ecosystem. By holding FLy tokens, users can receive discounts and other benefits from the platform, and the token is used to pay for using platform services and projects.

Franklin (FLy) has implemented a unique token strategy aimed at creating market demand and supporting asset prices. A portion of the platform's profits is used to purchase FLy tokens on public trading platforms every month. The purchased tokens are then delivered to a dedicated public wallet for burning, and once the tokens are sent to the wallet, they can never be retrieved. This strategy results in the burning of FLy tokens, leading to a decrease in supply and an increase in value.

The platform's burning mechanism helps to ensure that the value of the FLy token remains stable while increasing its demand. Furthermore, the mechanism creates scarcity, which is known to increase the value of any asset in the market.

Andrei Grachev and Vladimir Demin are the cofounders of Franklin (FLy). Grachev has over 11 years of experience in BD, more than six years of experience in the trading business, and over four years of experience in the crypto world. Demin has more than 25 years of experience in management and was an exclusive Huobi consultant for the Russian market.

Franklin (FLy) is a platform designed for users who believe in a future of cryptocurrency-driven finance with no intermediaries involved in financial transactions. The platform aims to disrupt traditional finance by providing an ecosystem that eliminates the need for intermediary approvals, middleman execution, and sign-up processes. By implementing a unique token strategy aimed at creating market demand and supporting asset prices, the platform's FLy token value remains stable while increasing its demand. The burning mechanism also creates scarcity, which increases the value of the FLy token in the market. The founders' expertise in management, BD, trading, and the crypto world ensures that the platform is built on a solid foundation.

Disclaimer

The investment information, comments, and recommendations provided here do not fall under the scope of investment consulting. Therefore, making an investment decision based solely on the information and comments provided here may not yield results that meet your expectations.

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