Flamingo (FLM) 101: A Complete Guide to the Profitable DEX
Zatrun Published at December 12, 2023

With the growth of the DeFi sector, projects like Flamingo (FLM) are becoming increasingly important. The project is considered one of the most significant platforms in the decentralized exchange (DEX) industry, and crypto investors want to learn more about it. If you are one of these investors, you can learn all the details about the project by reviewing this guide. What is Flamingo, and what are the FLM coin reviews? Let’s take a look together.

What is Flamingo and How Does It Work?

Flamingo is a blockchain platform that uses multiple modules and provides a broad DeFi infrastructure. The platform’s native cryptocurrency is FLM coin. Users can stake this cryptocurrency in the ecosystem and provide liquidity to the platform. Additionally, the cryptocurrency is available for use in the platform’s Automated Market Maker (AMM) based decentralized exchange.

Flamingo (FLM)

With DEX, users can buy and sell various cryptocurrencies, managing their crypto assets and earning money through them. As a result, Flamingo is a Neo blockchain-based platform that can be defined as a “DeFi project that offers passive income opportunities to its users,” created by Da Hongfei, one of the founders of the Neo blockchain network.

Flamingo aims to create a full-fledged DeFi ecosystem within the Neo blockchain. For this purpose, it has built various modules and sub-protocols. The platform has a DEX that enables the trading of Neo-based tokens. Additionally, there is a complete asset management solution available on the platform. In doing so, the platform aims to allow all assets to be executed in a single ecosystem. There are also functions such as creating NEP-5 tokens and printing FUSD stablecoin available on the network.

What is FLM? Is It a Good Investment?

FLM coin is the native cryptocurrency of the network and is used for staking. However, users can also pay gas fees with this cryptocurrency. Users who stake FLM can passively earn cryptocurrency. Asset transactions are executed very quickly. Additionally, users who print FUSD on the platform receive rewards in the form of FLM coins.

Experts share their opinions about the platform’s future based on past price analysis of Flamingo. Predictions suggest that the FLM coin price will reach at least $0.57 levels in 2023. Additionally, some authorities expect the price to reach at least $1.27 levels in 2025. Therefore, FLM coin can be seen as a long-term investment.

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