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

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

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]

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

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