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-150% Bonus$1,191,887
$6,150,200
$122,500
193,796 FLX
19.38%1,000,000 FLX
999,715 FLX
Reflexer Ungovernance Token FLX Reflexer Ungovernance Token (FLX) Chart
Reflexer Ungovernance Token (FLX) Return On Investment(ROI)
Reflexer Ungovernance Token (FLX) Token Price Now
Reflexer Ungovernance Token price today is $6.15 with a 24-hour trading volume of $122,500. FLX price is down -2.83% in the last 24 hours. It has a circulating supply of 193,796 FLX tokens and a max supply of 1,000,000.
In order to search for real-time and historical information about Reflexer Ungovernance Token (FLX) blockchain, including data related to blocks, transactions, addresses, and more, you may use Reflexer Ungovernance Token (FLX) block explorers. Here are some of the most popular and useful Reflexer Ungovernance Token (FLX) blockchain explorers out there:
What Is Reflexer Ungovernance Token(FLX)?
The FLX token has two main functions inside the RAI protocol:
- Backstop mechanism: FLX stakers are the first line of defense in case the RAI protocol goes underwater. The second line of defense is with debt auctions that mint new FLX and auction it in exchange for RAI
- Ungovernance: once governance minimization is finalized, FLX holders will be able to remove control from any remaining components in RAI or, if needed, continue to manage components that may be challenging to ungovern (such as oracles or any other component interacting with other protocols)
FLX Staking
Stakers are in charge with protecting the RAI protocol from insolvency. They stake FLX/ETH Uniswap v2 LP tokens in a smart contract that then constantly checks whether RAI is well capitalized. In case the protocol is undercapitalized (has debt that is not backed by collateral), the staking pool will start to auction FLX/ETH LP tokens in exchange for RAI that is then used to bring the protocol above water. Stakers will get diluted in this process. In exchange for protecting the protocol, stakers receive more FLX.
How Does Reflexer Ungovernance Token Work?
Before the protocol is governance minimized, RAI will be set up so that stability fees (borrow rate charged to Safes that mint RAI) flow in three places:
- The stability fee treasury, which is a smart contract in charge with paying for oracle updates or any other contract meant to automate RAI parameters
- FLX stakers, which are the first line of defense for the protocol
- Buyback and burn, which is meant to auction RAI in exchange for FLX which is subsequently burned
In the case of FLX stakers, the RAI that accrues for them is auctioned in exchange for FLX. The FLX proceeds from the auction are then sent to the staking pool. As for buyback and burn, RAI is first accrued in the protocol's balance sheet. Once there's enough RAI in the balance sheet, the protocol can start to auction some of it in exchange for FLX that is then burned.
Where Can You Buy Reflexer Ungovernance Token(FLX)?
Investing in Reflexer Ungovernance Token can seem complicated, but it is much easier when you buy Reflexer Ungovernance Token through cryptocurrency exchange. Signing up for a cryptocurrency exchange will allow you to buy, sell, and hold Reflexer Ungovernance Token — both for fiat money and other cryptocurrencies. Some of the most popular Reflexer Ungovernance Token cryptocurrency exchange are:
Please check Reflexer Ungovernance Token(FLX) token address If you want to buy or sell Reflexer Ungovernance Token(FLX) on dex exchange. Beware of scams!
Click here to view Reflexer Ungovernance Token(FLX) price in different crypto exchanges.
Reflexer Ungovernance Token (FLX) Community
- Twitter: https://twitter.com/reflexerfinance
- Medium: https://medium.com/reflexer-labs
What is Reflexer Ungovernance Token (FLX) Contracts address?
Reflexer Ungovernance Token FAQ
What is the price of Reflexer Ungovernance Token (FLX) ?
The current Reflexer Ungovernance Token usd price is $6.15. We update the Reflexer Ungovernance Token USD price in real time. Get live prices of Reflexer Ungovernance Token on different cryptocurrency exchanges around the world on Coincarp.
Is Reflexer Ungovernance Token (FLX) a good investment?
It depends on your personal risk tolerance and investment goals. Reflexer Ungovernance Token is a cryptocurrency that is highly volatile and therefore may not be suitable for all investors. Before investing, please do your own research about cryptocurrencies, crypto wallets, cryptocurrency exchanges, and smart contracts, and it is crucial to understand the risks and potential rewards of investing in cryptocurrencies..
If you decide to get involved in Reflexer Ungovernance Token investing, you will also need to understand the Reflexer Ungovernance Token project's white paper, team background, tokenomics, and the overall market environment.
The main ways to get involved in Reflexer Ungovernance Token investing are by participating in Spot trading or pledging to earn interest. Perpetual and ETF/Leveraged trading are very risky and are not recommended for non-professionals.
Where can I buy Reflexer Ungovernance Token (FLX) token?
You can buy Reflexer Ungovernance Token from a cryptocurrency exchange (CEX or DEX) or some cryptocurrency wallets. Usually we choose cryptocurrency exchanges to buy, most exchanges require you to set up an account and verify your identity before buying Reflexer Ungovernance Token. Cryptocurrency exchanges that currently support Reflexer Ungovernance Token trading include:
If there is any error, please feedback to us, our email is [email protected]. Please be aware that buying and selling Reflexer Ungovernance Token involves high risks.You should always do your own research and make sure you understand the risks associated with Reflexer Ungovernance Token trading before you begin.
How to short Reflexer Ungovernance Token (FLX) ?
According to CoinCarp's tracking data, no crypto exchange yet supports Reflexer Ungovernance Token contracts or ETF trading. so you can't short Reflexer Ungovernance Token
What will Reflexer Ungovernance Token (FLX) be worth in 5 years?
It is impossible to predict what Reflexer Ungovernance Token will be worth in five years. The cryptocurrency market is highly volatile and can be affected by a variety of factors, such as US dollar policy, government regulations, technological progress, market sentiment, Reflexer Ungovernance Token's circulating supply and the development of project ecology. Therefore, it is impossible to accurately predict the price of Reflexer Ungovernance Token 5 years from now.
FLX Price Statistics
Reflexer Ungovernance Token Price
$6.15
Price Change24h
$-0.1791 2.83%
24h Low / 24h High
$6.09 / $6.33
Trading Volume 24h
$122,500
Volume/Market cap (24h)
10.28%
Market Dominance
--
Market Cap
$1,191,887
Fully Diluted Market Cap
$6,150,200
7d Low / 7d High
$6.09 / $12.09
30d Low / 30d High
$2.62 / $12.84
90d Low / 90d High
$2.59 / $12.84
52 Week Low / 52 Week High
$1.98 / $14.75
All Time High
$912.49
All Time Low
$1.98
