FlameDeFi: From Distribution to Development and Mass Adoption phases
Part 1: Distribution
Since the beginning of the FlameDeFi project, we had two presales ($Flame & $fDAO) on our SpaceFarm (YieldFarming.)
We currently have five native farms on SpaceFarm with very decent APR. Nothing insane, as it’s not sustainable for long term growth.
Why? Because we are in our distribution phase. We want to rewards our early supporters and adopters by initially giving them the opportunity to earn $Flame and $fDAO with more than 200% APR.
Some people earn and sell, but many hold and compound their rewards. Those users will be rewarded.
The distribution phase will be over five days after the FlameDEX launches. What does that mean? We will reduce the overall inflation.
We will also discontinue the fDAO – Flame farm before the FlameDEX launch. It’s going to be more difficult to earn $FLAME.
Our SpaceFarm will continue to grow, but excessively high APR will stop. SpaceFarm was a very good way to reward our early adopters.
The two farms with the biggest APR will be Flame LP – Flame and fDAO LP – fDAO, because we want to incentivize liquidity providers.
There is a time for everything, and the time for the Development phase has come.
Part 2: Development
It is only the start of FlameDeFi, and we want to give you more visibility on what is coming next.
At the moment, our team is working on our FlameDEX. It is our main goal as we want to be the first AMM with API to provide token / XTZ pair and token / token pair.
The FlameDEX will help burn a lot of $FLAME tokens to reduce the actual supply in circulation.
We will also build our governance platform after FlameDEX launches. You will be able to submit a proposal and vote with your $fDAO token.
At the moment, $FLAME token is useful for farming and playing our poker and slot games. More use cases are coming.
For the development phase, we will build a game (not a casino game) where the $FLAME token will be the utility token. You will need $FLAME to start the game, but also for « in game » buy. We will also have a “Play2Earn” mechanism in our game.
As you know, we also have a NFT project called SpaceFarmer. The SpaceFarmer will have a huge utility in our game. They will be the strongest characters of the game and will have other use case.
As you can see, our future is a combination of FlameDEX, Gaming and YieldFarming.
Part 3: Adoption
Our ambition is simple: Become the biggest DEX of Tezos.
We believe that Tezos DeFi will have a bright future in the coming months, as Tezos continues to evolve and bring more and more people to DeFi.
Not only will our DEX support token / XTZ trading, but also token / token trading, and will support all Tezos DeFi tokens.
We will also help new tokens in their distribution on our farms, and want to be the home of new projects on Tezos.
We are talking with other Tezos project to help each other and bring flame token utility in other project that only FlameDeFi
We have big ambition and a very hard-working team to achieve our goals.
Be ready, it is just the beginning. Will you be part of Tezos history?
If you have any questions, join our Telegram Group:
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To buy FLAME:
Contract address: KT1Wa8yqRBpFCusJWgcQyjhRz7hUQAmFxW7j
Id: 0
To buy fDAO:
Contract address: KT1KPoyzkj82Sbnafm6pfesZKEhyCpXwQfMc
Id: 0
