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View ChartFlamingo (FLM), also referred to as Flamingo Finance, is a decentralized finance (DeFi) platform built on the Neo blockchain and powered by the Poly Network interoperability protocol. It launched in 2020 and combines several DeFi applications into a single ecosystem: a cross-blockchain asset gateway, an on-blockchain liquidity pool for swaps, a blockchain asset vault, a perpetual contract trading platform, and a decentralized autonomous organization (DAO). FLM is the governance token of the platform and also serves as the rewards token users can earn by adding liquidity to pools and staking their liquidity pool tokens. The project has a maximum supply of 1,000,000,000 FLM, with a circulating supply of approximately 566.45 million FLM and a hard cap of circulating tokens currently set at 700 million FLM. The team emphasizes that no FLM tokens will be sold.
Flamingo was founded by Da Hongfei, a Chinese entrepreneur also known for co-founding the Neo blockchain network, on which Flamingo is based. He has also co-founded OnChain, a private blockchain services company. Da Hongfei holds a degree in English and technology from the South China University of Technology and previously served as CEO of IntPass Consulting before entering the blockchain space in 2013-2014. In October 2021, MyMingo co-founders Odd Jørgen Røland and Adrian Fjellberg joined the Neo Live AMA series to discuss their plans for Flamingo Finance, indicating ongoing team involvement in the platform's strategic direction.
Flamingo operates as an integrated DeFi suite on the Neo blockchain, utilizing the Poly Network interoperability protocol to connect with multiple blockchains. The platform comprises five main components. The token wrapper allows users to convert assets such as Bitcoin, Ethereum, USDT, Neo, and Ontology into cross-chain representations. The swap component provides an on-blockchain liquidity pool where users can exchange tokens. The vault offers blockchain asset storage, while the perpetual contract trading platform enables derivative trading. Finally, the DAO component gives FLM holders governance rights over the ecosystem. FLM tokens are distributed as rewards to users who provide liquidity and stake their LP tokens, aligning incentives with platform usage.
Flamingo distinguishes itself by consolidating multiple DeFi tools into a single ecosystem on Neo, governed by its users through a DAO. Its integration with Poly Network enables cross-blockchain asset transfers, broadening accessibility beyond a single chain. The project's commitment to not selling FLM tokens and its hard-capped supply model with no hidden inflation provide transparency around token distribution. By offering a unified platform for swapping, liquidity provision, staking, and perpetual contracts, Flamingo aims to reduce barriers for users seeking decentralized finance services within the Neo ecosystem. Its phased launch roadmap, completed across 2020, demonstrated a structured approach to building out these core components.
FLM functions primarily as the governance token of the Flamingo platform, granting holders a voice in the ecosystem's decentralized autonomous organization. It is also the rewards token that users earn by adding liquidity to liquidity pools and staking their liquidity pool tokens. This dual utility incentivizes participation in the platform's DeFi services, including token swaps, asset wrapping, vault storage, and perpetual contract trading. The token's role in governance means that FLM holders can influence decisions about the platform's future direction and parameters. The project's documentation notes that no FLM tokens will be sold, reinforcing that distribution occurs through platform participation rather than direct sales.
The Flamingo ecosystem launched in phases throughout late 2020. The token wrapper went live on September 23, 2020, supporting Bitcoin, Ethereum, USDT, Neo, Ontology, and others. Swap and LP token staking launched on September 30, 2020, followed by the Phase 3 vault launch and stablecoin issuance on October 28, 2020. The perpetual contract platform launched on November 25, 2020, and the DAO launched on December 23, 2020. In October 2021, a new Flamingo team discussed DeFi platform strategy. By May 2022, the project's inflation rate was set to decrease as FLM supply increases over the next 17 years. However, the ecosystem has faced significant challenges, including delistings from major exchanges and a sharp price decline from its all-time high.
Flamingo is not mined through traditional proof-of-work mining. Instead, FLM tokens are earned through yield farming and staking mechanisms. Users can add liquidity to Flamingo's liquidity pools and then stake their liquidity pool tokens to receive FLM rewards. This process, often called liquidity mining, distributes FLM according to a pre-defined minting schedule. The remaining FLM supply will be released over approximately 17 years, with the total supply fully minted and released into circulation by the end of 2039. With a hard-capped supply of 1 billion FLM, there is no hidden inflation, and the minting schedule is designed to decrease the inflation rate as supply increases over time.
To keep your FLM tokens safe, use a reputable wallet that supports Neo-based assets and consider hardware wallets for long-term storage. Always verify official URLs before interacting with any platform, and never share your private keys or seed phrases with anyone. Since FLM has experienced delistings from exchanges such as Binance and Swyftx, and trading has stopped on some venues, be cautious about where you hold and trade your tokens. Enable two-factor authentication on any exchange accounts you use, and be aware that the token's price has fallen significantly from its all-time high. Regularly review the official Flamingo documentation for security updates and best practices. As with any cryptocurrency, only invest what you can afford to lose and stay informed about the project's ongoing developments and risks.
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Thank you for your interest in BTCC. Currently, spot and futures trading services for FLM are not supported. As a leading digital asset platform, BTCC is committed to providing a secure and stable trading environment. We recommend completing your account registration and identity verification (KYC) to explore other premium assets and exclusive benefits available on BTCC.
As of right now, the live price of Flamingo (FLM) is $0.005289. Its market price fluctuates in real time based on overall supply and demand, and you can check the updated FLM to USD rate at the top of BTCC’s price page. In terms of market scope, Flamingo records a 24h trading volume of $0 (reflecting total buying and selling activity over the last 24 hours), with a total market cap of $2.995796M. Its current circulating supply stands at 566.45M out of a maximum supply cap of 1B.
The price volatility of Flamingo (FLM) is essentially driven by market supply and demand dynamics. Key factors behind its price movements include: 1) Global macroeconomic conditions and sentiment, such as Fed interest rate decisions; 2) Tokenomics, including the ratio of circulating supply (566.45M) to max supply (1B), as well as token unlocks and burn mechanisms; 3) Fundamental developments, such as ecosystem expansion, on-chain activity, and core protocol upgrades; and 4) Derivatives market dynamics, including leverage battles and liquidation cascades in perpetual contracts.
Looking at its historical price performance, Flamingo (FLM) hit an all-time high (ATH) of $1.242202 on 2021-04-07 00:25, representing the peak of market sentiment. Conversely, its all-time low (ATL) was recorded at $0.000454 on 2026-05-23 13:10. Note that historical highs and lows reflect past performance only and do not guarantee future price trends; investment decisions should always align with live market conditions and your personal risk tolerance.
When trading FLM futures on BTCC, technical chart analysis begins with identifying key support and resistance levels on 1D and 4H charts using historical price pivots. Next, apply MA/EMA indicators to gauge trend directions, alongside RSI (values above 70 indicate overbought conditions, while below 30 suggest oversold levels). Always validate breakout signals with the 24h trading volume ($0), as price breakouts accompanied by strong volume offer higher reliability.
Unlike spot trading where you can only profit from rising prices, BTCC’s FLMUSDT perpetual contracts support two-way trading. If you anticipate a price decline for Flamingo, simply log into your BTCC account with USDT margin available, navigate to the FLMUSDT pair, set your desired leverage and Take-Profit/Stop-Loss levels, and click "Sell/Short". Once the price drops to your target, close your position to lock in profit from the price difference.
Yes. BTCC offers flexible, high-tier leverage options for FLMUSDT perpetual futures, providing up to 500x leverage (maximum leverage limits may vary depending on liquidity). While leverage boosts capital efficiency by allowing you to control larger position sizes with less margin, it also amplifies liquidation risks proportionately. BTCC strongly advises using Stop-Loss orders to strictly manage risk when trading with high leverage.
Beginners and traders testing new strategies can switch to BTCC's "Demo Trading" mode with a single click on the App or Web interface. The demo account comes pre-loaded with risk-free virtual funds (such as 100,000 USDT). Powered by live market prices (current price: $0.005289), you can practice opening/closing positions, adjusting leverage, and setting TP/SL for FLMUSDT with zero financial risk.
Trading Flamingo (FLM) on BTCC requires just 4 simple steps: 1) Register a BTCC account and complete basic Identity Verification (KYC); 2) Buy USDT using fiat via credit card/express payment, or deposit USDT/BTC directly from an external wallet; 3) Navigate to the Futures section, search for FLMUSDT, and review its live price ($0.005289) and chart; 4) Select your margin mode and leverage, choose "Buy/Long" or "Sell/Short" based on your market outlook, set TP/SL orders, and confirm your trade.
Cryptocurrency prices are subject to high market risk and price volatility. You should only invest in products that you are familiar with and where you understand the associated risks. The content expressed on this page is not intended to be and shall not be construed as an endorsement by BTCC regarding the reliability or accuracy of such content. You should carefully consider your investment experience, financial situation, investment objectives, and risk tolerance, and consult an independent financial adviser before making any investment. This material should not be construed as financial advice. Past performance is not a reliable indicator of future performance. The value of your investment can go down as well as up, and you may not get back the amount you invested. You are solely responsible for your investment decisions. BTCC is not responsible for any losses you may incur. For more information, please refer to our Terms of Use and Risk Warning. Please also note that data relating to the above-mentioned cryptocurrency presented here (such as its current live price) are based on third-party sources. They are presented to you on an “as is” basis and for informational purposes only, without representation or warranty of any kind. Links provided to third-party sites are also not under BTCC’s control. BTCC is not responsible for the reliability or accuracy of such third-party sites or their contents.
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