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About Flamingo
Disclosures
Flamingo risk
This material is for informational purposes only and is not exhaustive of all risks associated with trading Flamingo. All crypto assets are risky, there are general risks in investing in Flamingo. These include volatility risk, liquidity risk, demand risk, forking risk, cryptography risk, regulatory risk, concentration risk & cyber security risk. This is not intended to provide (i) investment advice or an investment recommendation; (ii) an offer or solicitation to buy, sell, or hold crypto assets; or (iii) financial, accounting, legal or tax advice. Profits may be subject to capital gains tax. You should carefully consider whether trading or holding crypto assets is suitable for you in light of your financial situation. Please review the Risk Summary for additional information.
Investment Risk
The performance of most crypto assets can be highly volatile, with their value dropping as quickly as it can rise. You should be prepared to lose all the money you invest in crypto assets.
Lack of Protections
Crypto assets are largely unregulated and neither the Financial Services Compensation Scheme (FSCS) nor the Financial Ombudsman Service (FOS) will protect you in the event something goes wrong with your crypto asset investments.
Liquidity Risk
There is no guarantee that investments in crypto assets can be easily sold at any given time.
Complexity
Investments in crypto assets can be complex, making it difficult to understand the risks associated with the investment. You should do your own research before investing. If something sounds too good to be true, it probably is.
Concentration Risk
Don't put all your eggs in one basket. Putting all your money into a single type of investment is risky. Spreading your money across different investments makes you less dependent on anyone to do well. A good rule of thumb is not to invest more than 10% of your money in high-risk investments.
Five questions to ask yourself
- Am I comfortable with the level of risk? Can I afford to lose my money?
- Do I understand the investment and could I get my money out easily?
- Are my investments regulated?
- Am I protected if the investment provider or my adviser goes out of business?
- Should I get financial advice?
DeFi tokens
Decentralised Finance ("DeFi") tokens are crypto assets built on decentralised blockchain technology for financial applications or protocols. Risks linked to DeFi tokens include:
Enterprise Risk
Interactions between multiple DeFi protocols create a situation where a vulnerability or breakdown in one protocol can trigger a cascading effect, affecting other interconnected platforms.
Technology Risk
DeFi protocols frequently depend on external data sources or oracles, and any tampering or inaccuracies in these data streams can result in a lack of trust and reliability in the protocols.
Regulatory Risk
Governments and regulatory bodies around the world can introduce new regulations or ban certain aspects of the cryptocurrency market, affecting its legality and viability, which could affect token liquidity and/or value.
Legal Risk
Certain tokens may be used for operating a decentralised exchange platform which may contain additional risks:
- The platform may allow users to participate who have not been vetted or verified and therefore expose the possibility that users are interacting with sanctioned entities.
- The platform may be accessible in jurisdictions where some or all the exchange activity should be regulated. If a local regulator deemed the platform activity to be in breach of local regulation, they may request cessation or termination of the service which could affect token liquidity and/or value.
Market Risk
Given their novelty, the evolving technology involved and lack traditional asset structure, valuing crypto assets can be very difficult or impossible. This means valuations are determined by demand that is at risk of manipulation in various ways.
Flamingo’s price performance
Flamingo on socials
Guides
Flamingo FAQ
Flamingo Finance is a dynamic DeFi platform operating within the Neo blockchain ecosystem. It offers a diverse range of DeFi services, including AMM, asset wrapping, liquidity provision, and staking.
FLM tokens serve as a governance token, allowing holders to vote on proposals and protocol upgrades. These tokens are also used to incentivize liquidity providers and yield farmers, rewarding users who contribute to the platform. By holding and utilizing FLM tokens, users can actively engage in the governance and growth of Flamingo Finance while potentially earning additional rewards.
Easily buy FLM tokens on the OKX cryptocurrency platform. Available trading pairs in the OKX spot trading terminal include FLM/USDT.
Alternatively, you can swap your existing cryptocurrencies, including XRP (XRP), Cardano (ADA), Solana (SOL), and Chainlink (LINK), for FLM with zero fees and no price slippage by using OKX Convert.
Dive deeper into Flamingo
In the realm of decentralized finance (DeFi), innovative solutions have emerged to address the evolving needs of the cryptocurrency and blockchain industry. Flamingo Finance stands out as a prominent player, operating on the Neo blockchain and dedicated to providing a diverse range of DeFi services. By leveraging Neo's robust infrastructure, Flamingo Finance aims to bridge gaps and offer essential financial services to a broader user base, including the unbanked population.
What is Flamingo Finance
Flamingo Finance operates as a dynamic DeFi platform within the Neo ecosystem, catering to various user requirements. One of its core features is the Flamingo Automated Market Maker (AMM), enabling users to seamlessly engage in asset swaps. Additionally, users can take advantage of asset wrapping and liquidity provision, enhancing the flexibility of their financial activities. Notably, Flamingo Finance offers a unique SmartStake feature, allowing users to earn rewards through staking. This comprehensive suite of services is designed to simplify and democratize DeFi, making it more accessible and user-friendly for a wider audience.
The Flamingo Finance team
Flamingo Finance was founded by Da Hongfei, a Chinese entrepreneur also known for co-founding Neo, the Layer 1 blockchain Flamingo is built on. Hongfei also co-founded OnChain, a private blockchain services company.
How does Flamingo Finance work
Flamingo Finance operates as a DeFi ecosystem, utilizing smart contracts on the Neo blockchain. The platform offers various modules that allow users to engage in different aspects of DeFi. These modules include the Wrapper, Vault, Swap, Perp, and its own decentralized autonomous organization (DAO). Each module serves a specific purpose: asset management, liquidity provision, and trading.
Flamingo Finance’s native token: FLM
FLM is Flamingo Finance’s native token. It plays a crucial role in the overall functionality and governance of the platform.
FLM tokenomics and distribution
Flamingo Finance has a total supply of 100 million FLM tokens. The distribution of FLM tokens is designed to incentivize participation and promote long-term sustainability. A portion of FLM tokens is allocated to the team and early investors, while the majority is distributed through participation, yield farming rewards, and liquidity mining. This distribution mechanism ensures a fair and inclusive approach, encouraging active participation and fostering community engagement within the Flamingo Finance ecosystem.
FLM use cases
Holders of FLM can participate in the decision-making process of the protocol by voting on proposals and protocol upgrades. Additionally, FLM is used to incentivize liquidity providers, yield farmers, and participants in the ecosystem.
Disclaimer
OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates (“OKX”) are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.