Binance is excited to announce the 3rd project on Binance Launchpool - Flamingo (FLM), an interoperable, full-stack decentralized finance protocol built on the Neo blockchain.
Users will be able to stake their BNB or BUSD tokens into two separate pools to farm FLM tokens over 30 days, with farming starting from 2020/09/27 0:00 AM (UTC). Further information about how to participate in the FLM Launchpool will be released in a later announcement. Please note that you will not receive FLM rewards for staking BNB or BUSD in the FLM pools prior to the farming start time.
Binance will then list FLM at 2020/09/28 7:00 AM (UTC) and open trading for FLM/BTC, FLM/BNB, FLM/BUSD and FLM/USDT trading pairs.
FLM Launchpool Details:
- Token Name: Flamingo (FLM)
- Launchpool token rewards: 6,250,000 FLM (4.17% of Total Token Supply)
- Total Token Supply: 150,000,000 FLM
- Private Sale Token Price: No private sale
- Farming Period: 2020/09/27 0:00 AM (UTC) to 2020/10/27 0:00 AM (UTC).
- Staking Terms: No upper limit. No KYC required.
- Stake BNB: 5,625,000 FLM in rewards (90%)
- Stake BUSD: 625,000 FLM in rewards (10%)
Read about Flamingo (FLM) in our research report here.
Terms & Conditions
- Users will be able to un-stake their funds at any time with no delay and participate in any other available pools immediately.
- Only tokens in your spot wallet will be able to be staked into Launchpool.
- The FLM Launchpool will not use the same participation mechanics as the BEL and WING Launchpools. Further information will be released in a later announcement.
- BNB staked into Launchpool will still provide users with the standard benefits for holding BNB, such as airdrops, Launchpad eligibility and VIP benefits after 2020/09/26 0:00 AM (UTC).
Risk warning: Cryptocurrency trading is subject to high market risk. Please make your trades cautiously. Binance will make best efforts to choose high-quality coins, but will not be responsible for your trading losses.
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