Fly High: Franklin (FLy) Rockets to the Moon
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Many tokens are claiming to be the best utility crypto for business. As it continues to dominate the industry, there are a lot of coins who suddenly popped up in the spotlight. While some of you are already familiar with FLy token, let me do a favour for those who are still new in the subject.
What is VRM?
In August 2018, one of the most promising businesses was established. It was named VRM, which is a proprietary HFT company that focuses on trading AI-based quantitative HF strategies on the crypto market. In addition, it provides MM solutions to digital asset exchanges. It is known as a network that works on all major trading venues, such as BitMEX, OKEx, Bitflyer, Huobi, Binance, Bit.com, Derebit, Bithumb, BTSE, Liquid, with a market share ranging from 6.2% to 49% each.
VRM is very famous on crypto markets that they regularly receive a market opportunity. Usually, they are being asked for support and some crypto-involvement.
With the infancy phase they hold, I was amused to find out their impressive daily average trading volume. According to the network, they calculated an approximately 15–20 Billion USD trading volume in a day. Ultimately, the network is doing a great job in expanding their business. Wherein, as of the moment, they have multiple businesses in its ecosystem which include VRM Mining, VRM Research, VRM Capital Management, etc.
With that being said, allow me to browse a bit further.
VRM Research is for talented quants and trading terms. While VRM Capital management was formed to invest into crypto-related projects and act as a fund of knowledge for third party investors. VRM Mining is the proper mining infrastructure for miners. However, their major business venture is the Black Ocean. It is a liquidity-providing platform incubated by VRM which aims to cover lending, custody, and legal currency channels for corporate and institutional users. Aside from that, it provides various services, like liquidity pools and dark pools.
But, what is the difference between these ventures?
The dark pool provides whales with a proper execution and huge liquidity without any market impact. For users who are willing to buy or sell a large amount of digital assets without a risk, this venue is vital. On the other hand, a liquidity pool provides retail-oriented business — orders execution without any limitation of a minimum order size.
By creating these ventures, Black Ocean aims to provide a very competitive way to charge smaller fees. Instead of adding to the burden, it will help the customers get the best price on the market. Furthermore, they can save more money from the fees and expand their scope on the market influence.
In fact, they have created a special token for this project. The FLy token is a native token for Black Ocean exchange, created by VRM.
What is FLy?
Aside from being a special token for Black Ocean, this can also function as the ecosystem token for the whole VRM business. It was designed to provide customers with an opportunity of getting discounts and other benefits from VRM and its ecosystem.
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 Black Ocean services.
What is it for?
The token is used for covering fees, which are charged for using VRM’s services and projects. Take note that FLy holders can have a 25% discount on the Quant. While +5% to a part of profit in the VRM Research. They can also have access to the liquidity pool of Black Ocean’s Liquidity pool services. Lastly, a chance to get a 25% discount on the dark pool services.
Where is FLy available?
There are many exchanges that claim the title of “best” exchange. While this may all seem simple enough, however, in choosing the best crypto exchange to invest in, a customer has to pay attention to a myriad of considerations like fees, reputation, security, verification processes, and geographical restrictions an exchange platform has to offer.
To better understand most of the exchanges, as well as some of them that are working actively towards this goal, first, we need to understand some several factors that these crypto exchanges are currently working on:
- Security: Safety should always come first. A good exchange will place great emphasis on the security of their users’ accounts, personal information, and the system in general. The majority of the assets should be stored offline in a cold storage system. Also be on the lookout for additional security features such as Two-factor authentication, withdrawal confirmations, etc.
- Reputation: A well established, long-standing exchange is a much safer option.
- 24/7 Support: The support should be responsive, friendly, professional, and ideally reachable through several different channels. A call center is a big plus as it’s comforting to know you have the option to speak to someone in person.
- Payment methods: Take into consideration which payment methods are available — do they support credit card purchases, p2p fiat trades, and other methods of payment.
- Fees: Fees can vary substantially between different exchanges. The fee schedule has to be provided on the site.
- Interface: The site should be easy to navigate, even for crypto beginners.
- Geographical restrictions: Some exchanges are locally restricted and their service might not be available in your area.
- Uptime: Avoid exchanges with lots of downtimes.
- Verification: Even though some users find verification and KYC procedures a hassle, you should look at it from another perspective. They are done with the best intention to protect the exchange from money laundering and all sorts of scams.
Taking everything into consideration, KuCoin is one of the many cryptocurrency exchanges who explored the concept of what the future of cryptocurrency trading looks like. It is also a reputable exchange that adds high-quality projects.
FLy is available here.
KuCoin has a highly trained research department that looks for top-quality projects throughout the crypto industry. The exchange has over 6 million registered users across 207 countries and regions around the world with 450+ trading pairs to date. KuCoin provides a highly secure and easy-to-use platform for users to engage in cryptocurrency trades and transactions efficiently and safely.
KuCoin also launched a series of other products in the past year designed to further help out crypto users, including futures markets, public chain, one-stop exchange solution, creating a platform for how your crypto can yield interest, as well as some upgrades to the main exchange to uphold its principle of security and transparency. KuCoin since its inception has insisted on taking the tech as its backbone to build a better trader relationship while constantly pushing for the sustainable development of the digital currency trading ecosystem as the ultimate goal.
The Best Crypto Exchange to Buy FLy 2021
There are several exchanges, in fact, catering to different requirements and varying in terms of safety and security, convenience, accessibility, and so on. But unlike most of them, KuCoin is unique in its approach. From their timely upgrades, reports, and recently introduced products & features like KuChain, Margin, KuCoin Futures, Soft Staking, and Pool-X is what I think it helps them build a better ecosystem for us, traders. Significantly, the structure of Kucoin is utterly fascinating, which shows they are more interested in long term growth. I’d say with their competitive services and reputable brand, KuCoin is already one of the leading cryptocurrency exchanges today.
