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FLy Token is designed to provide customers with the opportunity to receive discounts and additional benefits from VRM and the VRM ecosystem. The token should support company growth by engaging people in long-term relationships and building a strong community of institutional and retail partners around the company.
FLy is an ERC20 token, but the company will reserve the potential to transfer part of the token supply to a different blockchain network in the future.
The role of the Fly token is to provide token holders with the opportunity to earn transaction rebates, cover network spend and earn more from liquidity provision and funding.
Fly is the ecological currency of VRM, and it is also the native token of Blackocean, which can directly deduct transaction fees in the system. At the same time, holding a certain amount of FLY can provide discounts of up to 25% on dark pool transactions in BlackOcean and access to liquidity pools for transactions. In addition, Fly can also be used in multiple VRM businesses.
BlackOcean is a liquidity provider platform incubated by VRM, a high-frequency quantification company. Black Ocean aims to provide institutional and corporate users with custody, lending and access to fiat currencies, and offers a range of services such as dark pools and liquidity pools. Liquidity pools provide liquidity and order execution for retail-oriented trading venues. Dark pools provide high-quality trading venues for institutional users, who can execute large single orders of more than 5 BTC and 300,000 USDT without the risk of counterparties and the impact on the market.