Floor Protocol
  • INTRODUCTION
    • Getting Started
    • Overview
    • Our Mission
    • Goals and Solutions
  • $FLC Token
    • NFT Index Token
    • Utility
    • Liquidity Provision
      • UniSwap
    • Tokenomics
    • VIP Tiers
      • Safeboxes by VIP Tiers
  • BT404
    • Introduction
    • P2P Marketplace
    • Ownership 1.0
  • Features
    • NFT Fractionalization
      • Vault
        • Reserve Ratio
        • NFT Redemption
          • Insecure Randomness
          • Dynamic Fees
      • Safebox
        • Safebox Keys
        • Using Safeboxes
        • Renewing Safebox Keys
        • Safebox Expiration
      • NFT Value by DeepNFTValue
    • µ-Tokens
    • Staking
    • Launchpad
    • Auctions
    • Floor Account
  • Security
    • Audit By Halborn
    • Audit By OtterSec
  • Math
    • Reserve Ratio
    • NFT Trading Efficiency
  • Policies
    • Privacy Policy
    • Cookies Policy
    • Terms Of Use
      • Restricted Regions
Powered by GitBook
On this page
Export as PDF
  1. $FLC Token

Utility

PreviousNFT Index TokenNextLiquidity Provision

Last updated 1 year ago

The $FLC token is the native currency that powers the Floor Protocol ecosystem. It unlocks and fuels customized platform utilities for all users.

Enabling Safeboxes

By staking $FLC in their Flooring Account, users can create personalized Safeboxes to reserve NFTs for custom time periods. Higher $FLC stakes allow longer max durations and greater benefits.

Unlocking VIP Perks

Staking $FLC also determines a user's VIP status tier. Higher tiers unlock exclusive perks tailored to strategies from swift cash-outs to long-term stability and collector retention. Incentivizing Liquidity Providers

The protocol rewards liquidity providers who add to $FLC and μToken exchange pools with $FLC mining rewards proportional to their share of the pool. These incentives robust liquidity vital for ecosystem growth.

Managing the Treasury Reserve

The protocol treasury accumulates a portion of all $FLC expenditures like fees and bids. These reserves help fund ongoing development, provide collateral, and maintain $FLC value stability. The treasury may also provide Eco-system contributor grants to worthy contributors and projects.

Maintaining Protocol Stability

Facilitating Events

$FLC is required to initiate protocol events like auctions and raffles. As the platform's native currency, $FLC also serves as a discounted bidding option during these events.

  • Auctions: Users can utilize $FLC tokens to place their bids on a wide selection of exclusive NFTs.

  • [Coming Soon]

  • [Coming Soon]

In summary, $FLC constructs Floor Protocol's economic framework by incentivizing beneficial platform interactions. This enables a dynamic, utility-driven marketplace.

Random Vault redemptions normally have no fees. But if reserves dip too low, a in $FLC applies. This disincentivizes excessive withdrawals during periods of volatility.

redemption fees
Contract Address : 0x102c776DDB30C754dEd4fDcC77A19230A60D4e4f