Introduction:
Blockchain technology is changing. Defi is evolving. bockchain technology is changing the world. Over the past decade, the world finance system has proven how convenient and secure is blockchain.
The Ethereum network has played and still is playing a significant role in Blockchain finance evolution. With thousand of projects out there, each of them solve a different problem of the finance system.
Decentralize Finance Defi has proven to play an essential role in this regard and deflationary projects will improve this. USA Government is printing money without control. This should end.
What is FLAMA (FMA) Token?
FLAMA (FMA) is a deflationary token with a 3% burn rate. Every time a user makes a transaction, 3% of the FMA sent is designated to the burn wallet address and is permanently destroyed (known as burning). Effectively this means that the total supply of FMA token is decreasing with every transaction confirmed by the Ethereum network. FLAMA token markets itself as the first deflationary token ready to be integrated with Smart Decentralized Applications (DApps). While it is true that deflationary tokens are by all means not a new concept, generally speaking, they are lacking in use cases and do not have a roadmap that focuses on providing a sustainable ecosystem for their token to thrive in - this is the problem FLAMA token is aiming to solve with a new feature they call Flamanet.
Flama soon will implement Staking.
Flamanet will bridge the gap between deflationary tokens and DApps by providing various developer tools such a NodeJS integration. A NodeJS integration will allow FMA token to be easily integrated into various on chain applications. As more on chain apps are released that interact with FLAMA, the ecosystem will grow alongside the token's usability and allow the community to explore more innovations and use cases.
What is benefit of FLAMA (FMA) Token?
The team has announced they plan to include a staking mechanism with the release of Flamanet where token holders will be able to stake their tokens to earn rewards. Their staking system is planned to be released at Stage 4 of their roadmap, which can be found on the FLAMA token website. As it stands the FLAMA team have announced there will be No premine, No ICO and No airdrops for token distribution. The team intends to distribute the 50% of the token's total supply via Uniswap, and have allocated 43,5% towards staking rewards, bounties and future exchange listings.
Website:
https://flamanet.io is live!
Current exchange:
https://v1.uniswap.exchange/swap/0x2afd9ce07d4186e8f3671d52200850760a8e1f70Do not use V2
There was a Offering of $5k initial marketcap In Uniswap. %50 of the tokens were moved to uniswap for sale, % 6.5 is the team's fund and % 43.5 is allocated for staking rewards and listing purposes in the near future.
Team is going to burn a part of their tokens
Official Telegram channel:
@Flamaannouncement
Official group talk:
@flamatoken