1. What is Flamingo FLM?

Flamingo FLM is a decentralized finance (DeFi) platform built on the Neo blockchain, designed to provide a full suite of financial tools for token swaps, liquidity management, and staking. With seamless cross-chain interoperability, Flamingo enhances the DeFi experience by enabling efficient asset utilization. Its native token, FLM, is essential for rewarding liquidity providers and allowing users to participate in governance decisions. By combining transparency, security, and high efficiency, Flamingo aims to optimize returns for users while fostering a sustainable and decentralized financial ecosystem.

1.1 How Does Flamingo Work?

Flamingo (FLM) is a multifunctional cryptocurrency that serves as the backbone of the Flamingo Finance platform. It has several core functions:

Payment Utility: FLM can be used as a medium of exchange within the ecosystem.

Liquidity Incentives: Users earn FLM by contributing to liquidity pools and staking LP (Liquidity Provider) tokens.

Governance Mechanism: FLM holders can participate in decision-making through a decentralized autonomous organization (DAO).

DEX-Traded Fund (DTF) Rewards: Users who invest in the Flamingo Fund receive additional FLM incentives.

By integrating these elements, Flamingo ensures a robust and user-centric DeFi experience, promoting active participation and long-term sustainability.

1.2 Flamingo Founding Team

Flamingo was founded by Da Hongfei, a well-known figure in the blockchain industry. He is also the co-founder of Neo, a leading blockchain network, and OnChain, a private blockchain services company.

Da Hongfei holds a degree in English and technology from the South China University of Technology. Before his blockchain ventures, he served as the CEO of IntPass Consulting. His journey into blockchain started in 2013-2014, during which he self-taught coding and became an advocate for decentralized solutions. Under his leadership, Flamingo aims to position itself as a key player in the DeFi landscape.

1.3 Flamingo Tokenomics

Tokenomics refers to the economics governing cryptocurrency assets, including supply, circulation, issuance, distribution, inflation, and burning. Flamingo (FLM) follows a structured tokenomics model designed to promote long-term growth and sustainability.

1.4 Token Supply and Circulation

FLM has a hard cap of 1 billion tokens, scheduled for full minting and circulation by 2039. This approach is similar to Bitcoin’s controlled emission model, ensuring gradual distribution and incentivization.

FLM launched in October 2020, with approximately 342 million tokens currently in circulation.

The remaining tokens will be released over the next 17 years, with a focus on rewarding liquidity providers and DTF participants.

By 2039, Flamingo’s goal is for the platform to sustain itself through fees rather than continuous FLM minting.

1.5 Minting and Inflation

FLM tokens are minted in real time and distributed to users for liquidity provision and DTF participation. The token follows a decreasing inflation model:

October 2020: The initial inflation rate was 100%.

April 2022: The monthly inflation rate stood at 3.2%.

December 2022: The rate further reduced to 2.55%.

January 2033, 2037, and October 2039: Additional reductions will occur until all 1 billion FLM tokens are minted.

This structured approach ensures sustainable distribution while gradually reducing reliance on new token issuance.

1.6 Lockup and Burn

At present, there is no burning mechanism for FLM. However, tokens can be locked up for participation in Initial DEX Offerings (IDOs) or through investment in the Flamingo Flund (DTF).

2. Is Flamingo (FLM) a Good Investment?

Flamingo (FLM) presents a compelling investment opportunity due to its strong technological foundation, innovative DeFi solutions, and structured tokenomics. The project benefits from the leadership of Da Hongfei and its integration with the Neo blockchain, ensuring a well-supported infrastructure. Its ecosystem, which includes cross-chain interoperability, a decentralized exchange (DEX), staking mechanisms, and liquidity pools, enhances its real-world utility. The 1 billion FLM hard cap and the decreasing inflation model contribute to a sustainable economic framework, making it a potentially stable asset in the long run. Investors holding FLM also have governance rights, allowing them to influence the platform’s future developments and decisions. Additionally, Flamingo serves as an attractive option for portfolio diversification, providing exposure to the DeFi sector while mitigating risks associated with single-asset investments.

From technical perspective, FLM is currently priced at $0.03616 on 25 February 2025, which could be seen experiencing a consistent downtrend since early February. FLM price is down approximately 37% from the high on 1 February whereas BTC is down approximately 11%. This suggests that mid-tier altcoins like FLM are often exposed to higher risk and return as a slight movement on BTC price could result in significant fluctuation in altcoin's price.

Upside Potential: A broader technical analysis shows that FLM and BTC are both currently on their support level. Retracement to the upside is possible, reaching FLM's high on 1 February at $0.0553 would portray a significant 59% increase from the low of 25 February. Meanwhile, BTC only shows a 13% surge if it was to reach its high on 1 February. With such price fluctuation, it is wise to allocate only a small amount of total capital for longs on the retracement.

Downside Risk: Revised analysis places FLM in a potential sell off position, supported by the overall downtrend with formations of lower highs and lower lows. Taking reference to the recent drop from 1 February with 37% down on FLM and 11% down on BTC, reaching BTC's next support level at around $72,000, it is likely that FLM price would encounter a 3 times fall of the percentage on BTC's plunge.

In conclusion, even though FLM offers a favorable risk-reward profile, it is wise to have proper risk management when investing in such altcoin. This analysis does not represent investment advice, and all investments carry inherent risks. Users should conduct their due diligence and remain aware of potential losses.

3. How To Buy FLM Coin in BingX?

Buying FLM token on BingX is simple and accessible for all types of investors. To get started, create a BingX account, complete the necessary security settings, and deposit funds. On-chain deposits are highly cost-effective on BingX, with fees as low as 1 USD when using the TRC-20 protocol, regardless of the deposit amount. This method is cheaper compared to credit card transactions, which involve higher fees due to traditional banking channels. BingX also supports multiple networks such as POLY, BEP, and ERC, giving users flexibility when transferring funds.

Once your account is funded, you can choose between spot trading and derivatives. Spot trading allows you to own FLM token, enabling you to buy low and sell high for profit. Alternatively, derivatives trading lets you capitalize on price fluctuations without owning the actual tokens, ideal for profiting in both rising and falling markets. BingX offers direct spot purchases through its market or peer-to-peer (P2P) transactions with other users. For derivatives, you can trade FLM in the USDT-M futures market or the Coin-M futures market alongside other popular cryptocurrencies.

Now BingX offers exclusive gifts up to $6,000 by signing up for a BingX user account. Register your account and trade now!