What Makes the FLy token Price go Up?In a surging crypto market, some assets will always perform better than others. Projects with a strong chance of gaining user adoption and lasting in the long-term offer give the best chances of healthy returns.
There are many projects, in fact, catering to different requirements and varying in terms of safety and security, convenience, accessibility, and so on. But unlike most of them, VRM is unique in its approach.
VRM ecosystem offer professional services and solutions for b2b and b2c clients, combining long experience from traditional financial background and fresh ideas and growth innovation mindset. FLy token, issued by VRM as a utility token for whole ecosystem, give a chance for retail customers to be involved and to have benefits from the pretty closed ecosystem, created by the HFT company, VRM, and offering solutions for institutional investors, Black Ocean.
As observed on the 13-14th of July, there was a number of large FLy buys (the utility token of VRM ecosystem), causing the price increasing from $0.03 to $0.05 (+40%). This created some excitement in the community. With a number of new announcements coming up, FLy token are continuing to implement their long-term plan for global reach and availability.
July 13th - VRM had announced the taking part in the private round investing of the platform for trading volume/API mining called Slash World. 50% amount of investment was requested and accepted in the FLy tokens.
July 14th - Black Ocean had announced a strategic partnership with CV Labs, a Swiss blockchain ecosystem business and incubator. This partnership is aimed at supporting and developing new blockchain projects and crypto startups. Black Ocean, as a part of the VRM ecosystem, will collaborate with CV Labs on various initiatives within the blockchain industry and offer the professional-grade solutions for corporate clients.
The FLy price is expected to continue to increase on the back of new partnerships and services coming to market, definitely one to watch for the future. Add the FLy token to your Add FLy token to your CoinMarketCap watch list. If you’re looking to diversify your portfolio, now could be the ideal time to consider adding FLy.
What's about the upcoming news about FLy?
On Monday, 19th of July, Black Ocean will launch CeDeFi launchpad where innovative projects can build a strong community, raise funds and achieve liquidity in a simple, secure and transparent way.
The following are some benefits that FLy token holders enjoy:
100% of the promo (airdrop) coins from projects will be distributed among FLy token holders
90% of IDO coins are allocated to be purchased by FLy token holders
FLy token holders enjoy a special price to purchase coins that 5-10% lower than the market price of an IDO
As the new VRM business products will launch soon, it offers an interesting prospect for investors and FLy token holders.
While some of you are already familiar with VRM ecosystem and FLy token, let us do a favor for those who are still new in the subject.
What is VRM ecosystem?
VRM ecosystem offer professional services and solutions for b2b and b2c clients. VRM comprises VRM Quant, VRM Research, Black Ocean and Fly token.
VRM idea is totally based on developing sophisticated, AI-algorithms to execute thousands of transactions per sec. The average daily trading volume in 2020 reached over US$2.7 billion, and a single-day trading peak of US$25.944 billion was reached at the beginning of the 2021 year.
Black Ocean provides exchanges, funds, and institutional investors with dark pool solutions, liquidity, and order flow execution. For retail customers, Black Ocean offers DeFi services, such as an IDO Launchpad, leveraged DEX trading, staking, liquidity mining, and the NFT market.
VRM Research provides retail customers with market insights, trading signals solutions and analysis reports from the heart of high-end trading.
VRM have created a special token for its ecosystem. Franklin (FLy) - the native token of the VRM and Black Ocean ecosystems. Token holders can enjoy discounts, special benefits and get access to the upcoming unique solutions (available only for FLy tokens holders). FLyers’ community is growing consistently, and we are welcoming you to join.
When it comes to liquidity, it will play a key role in making order book liquidity more stable and help more users to capitalize on a platform’s advantages. FLy will also stand as a support system on the company’s development via involving people into long-term relationships and building a strong society of institutional and retail partners around services of VRM ecosystem.
What is FLY token for? What benefits it bring to users?
The role of the FLy token is to provide token holders with opportunities for obtaining trading rebates, covering network expenses and gaining additional benefits for liquidity provision and funding. Take note that FLy tokens offered special benefits here:
- Massive 25% discount for those purchasing with the FLy token for Market Making Solutions by Black Ocean.
- Escrow Service - customers that hold more than 10K FLy can enjoy a 50% discount, reducing the escrow fee to a measly 0.25%.
- Funding and Staking - Liquidity providers can get risk-free opportunities to make money with high APY through margined traders. Funds are secured by smart contracts and a Black Ocean hi-end risk-management system. Margined traders are obligated to keep a sufficient level of collateral to use as leverage.
- FLy token holders have access to the “VRM Insights”, cryptocurrency market analysis and forecasts by VRM Research. Includes solid market data analysis and the latest researches about trading tendencies. Excellent support for investment decision-making.
- Increased rebates for Liquidity pool customers
So, with FLy token you can enjoy airdrops and participate on token sales in Black Ocean Launchpad, use the Escrow service with discount, earn a passive income with liquidity mining, get trading signals by VRM and have access to a proper market forecasting and analysis.
In the near future, you will be able to provide leverage for institutional customers, and they will be able to get discounted fees in Black Ocean Dark and Dark liquidity pools. There are many opportunities for any kind of market participants with FLy.
Where is FLy available?
The FLy token currently is available for trading on 11 exchanges:
● BitMart
● BKEX
● BHEX
● BTSE
● Gate.io
● KuCoin
● MEXC
● PancakeSwap
● ProBit
● UniSwap
● ZT Global
What about the burning plan? Does it exist?
The price should always follow to what projects’ team are doing and what value the token currently has. In addition, VRM make profit consistency (even on this slow market) and burn FLY tokens every month.
With burning plan (1,170,600 FLy tokens have been burnt), the amount of FLy will eventually decrease, which will indirectly stimulate the growth of its value in the long term.
This is an additional driver for FLY token price increasing.
What are the next important events for VRM, BlackOcean and FLy?
VRMs’ strategy on the current step involves embracing much more people into the FLy eco-system. This means the team focus on launching the biggest part of functionality of Black Ocean and eco-system such as:
- Launchpad;
- Upcoming IDO events;
- Crypto dark and liquidity pool launch;
- First customers and transactions;
- NFT marketplace;
- token based products: trading signals, market research, fixed income products, funding and leveraged DEX trading
This launches will be supported by various marketing events and tools on different markets globally and locally too. The rest of summer and fall will be very hot for all VRM team and FLY community. Increasing the number of token holders will stimulate price moving up.
“We are traders and finance people with vast experience on classic markets. We came for crypto because we saw plenty of opportunities and ways how to improve world of finance too. This is why we decided to issue the token for trading eco-system. The goal is to put FLy into every traders' wallet”
Vladimir Demin, VRM Chaiman
Having many users around the ecosystem FLy is native to, it can really save customers significant amounts of money on network and trading fees. Black Oceans range of services are expected to attract large institutional organizations and investments.
Black Ocean Dark Liquidity Pool has completed the most part of developments and now about to finish the testing. The whole infrastructure is up and running, and the project are ready to make a big noise on the market soon.
VRM trade on all big and mid-size exchanges. So, the team understand how this market works and what it is needed to be successful on it. VRMs’ strategies and products are heavily based on AI, and trust with data. This approach allows making profit at nearly every market condition.
Is it for investment or for speculation?
When Fidelity explored customers accounts, they realized that most successful investors are holders, who didn’t do any operations, just buy and hold. Of course, we can see volatility on the market, prices go up, then go down, but if a project, company, team and product are professional and doing a good job - you will be a winner in a long-term race. This advice is applicable for any asset, try to have a look at Fly from this point of view.
All investment strategies and investments involve the risk of loss. Nothing contained in this article should be construed as investment advice. Any reference to an investment's past or potential performance is not, and should not be construed as a recommendation or as a guarantee of any specific outcome or profit.
Olga Prokhorova
Chief of VRM Research
