Flourish Coin (FLRS) is a yield-generating deflationary token based on the BEP20 token standard. BEP-20 is a Binance Smart Chain token standard that extends ERC-20, the most used Ethereum token standard. According to its website, Flourish Coin has unique and advanced tokenomics. Tokenomics can be concluded as the study of the economics of cryptocurrencies. Further, this token also features a buy-back mechanic with integrated burn, so the users never have to see a red-selling streak again. "Burning" a coin refers to the act of transferring a token to an account that can only receive them. This is done intentionally to remove the token from circulation permanently.

As the whitepaper states, the concepts like Liquidity Mining, Staking, and Yield Farming have one critical drawback: impermanent loss (IL). Yield farming is the practice of lending funds to others using smart contracts in exchange for fees in the form of cryptocurrency. When a user provides liquidity to a liquidity pool and the price of deposited assets fluctuates from when it was deposited, it results in an impermanent loss. The greater the change, the greater the risk of impermanent loss for the user. In this scenario, the loss means receiving less value of the token at the time of withdrawal compared to when they were deposited. The Flourish protocol claims to solve this problem of impermanent loss by increasing the number of tokens the user has for holding them in their wallet. There is no staking or farming is required. The users are also not forced to do additional work.

As a safety measure, the Flourish network has performed various steps:

The total supply of the FLRS token is one Quadrillion FLRS. The team behind the Flourish Coin includes Jeton Dragidella as the executive director, Temi Bejta as strategy director, Vigan Rexha, the social media manager, and Dat Citaku as the web developer.

We werken onze Flourish Coin naar EUR valuta in realtime bij. Ontvang de actuele prijs van Flourish Coin op Coinbase.