How and Where to Buy Flamingo (FLM) An Easy Step by Step Guide





Flamingo Finance intends to offer all of a DeFi user's financial requirements in a single swipe. The project is also constructed on the NEO blockchain, which allows it to avoid Ethereum's high costs and congestion. Here, we look into Flamingo in further depth, including why it picked NEO as its native token and what it has to offer DeFi aficionados.


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About Flamingo

The protocol is a NEO Foundation initiative that was brought to life by the NEO Global Development (NGD) team, and it is intended to forward NEO's goal of a smart economy. Flamingo provides a comprehensive solution to its consumers by addressing both backend and frontend concerns on a single platform.


Flamingo is a full-stack DeFi technology that runs on the NEO blockchain which is interoperable. To ensure a seamless platform functioning, network operations are categorized into distinct components. The NeoLine wallet for NEO assets, Metamask wallet for Ethereum owners, and Cyano plugin wallet for ONT token holders are now supported by the platform.

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What is Flamingo [FLM]?

Flamingo is a decentralized finance (DeFi) framework developed on the Neo blockchain and the Poly Network protocol for compatibility. It integrates a cross-blockchain commodity portal (wrapper), an on-blockchain liquidity pool (swap), a blockchain asset storage, an everlasting contract trading platform (perp), and a decentralized governance organization into a unified ecosystem (DAO).


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Who Are the Founders of Flamingo [FLM]?

Da Hongfei, the developer of Flamingo, is a Chinese industrialist who is also recognized as a co-founder of the blockchain network Neo, on which Flamingo is built. In addition, Hongfei is a co-founder of OnChain, a private blockchain services firm.


Da Hongfei graduated from the South China University of Technology. His major disciplines were technology and English. He was employed as the CEO of the IntPass Consulting business before learning to code and joined the blockchain industry in 2013-2014.


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What Makes Flamingo Unique?

Flamingo claims itself as a unified platform that brings together numerous decentralized finance solutions for Neo into a single ecosystem managed by its users through a decentralized autonomous organization.


Decentralized finance is a unique, booming idea in the crypto market that covers a variety of financial solutions built on top of bitcoin blockchains. DeFi platforms, which operate as a second-layer business, are theoretically linked with the cryptocurrency industry's overall goal of removing third parties and single points of failure from monetary and financial systems. Since its inception in early 2019, the DeFi sector has amassed over $4 billion in secured collateral assets by mid-2020.


DeFi's major use cases include bitcoin lending, yield farming, and distributed marketplaces. However, for the majority of cryptocurrencies and their associated DeFi settings, each of these solutions is often supplied by a single platform.


Flamingo has a distinct edge in that it plans to integrate all of the major financial tools for the Neo crypto token (token packaging, liquidity pooling, commodity storage, and contract trading) into a single platform that will be managed by its own users in a decentralized manner.


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Where Can You Buy Flamingo [FLM]?

You can get FLM from various exchanges. If you're looking for an exchange platform to purchase Flamingo, the best exchanges to use right now are Binance, Mandala Exchange, OKEx, FTX, and


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Frequently Asked Questions

Is it possible to purchase FLM with cash?

No. It is not possible to purchase FLM with cash. You can, however, utilize markets such as LocalBitcoins to first acquire BTC, and then complete the remainder of the procedures by moving your BTC to the appropriate AltCoin exchangers.

What Security Measures Does the Flamingo Network Take?

FLM is built on NEP-5, Neo's token interoperability standard, and is hence protected by Neo's blockchain. Neo is protected by two hash functions: SHA-256 (the same one that protects Bitcoin [BTC]) and RIPEMD-160.

On what factors the price of the FLM Network [FLM] Depends?

Exchange inflows and outflows, technical and fundamental changes, the news cycle, and the overall economic climate are all variables that impact FLM’s price and market cap.


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