FLUID’s very own FLD token

By: Get News

FLUID is the AI-based smart order routing protocol and cross-chain liquidity aggregator enabled by FLUID’s proprietary hedging pool providing high throughput at ultra-low costs, ultra-low latency, and zero counterparty risk.

FLUID is led by a seasoned senior team with a diverse background in tier one financial institutions such as Bank of America Merrill Lynch, Goldman Sachs, BNY Mellon, Citibank, and Visa, as well as founders of leading regulated digital assets OTC trading desks, quantitative firms, and well-known blockchain companies.

FLUID is the future of connected liquidity, transformed.

Check out this Tweet: #FLUID’s system will provide access to vast liquidity at low costs and zero counterparty risk.

FLUID platform’s FLD token

FLD is the native cryptographically-secured fungible protocol token of the FLUID platform. It is a transferable representation of the governance and utility functions specified in its code and is meant to be used only as an interoperable utility token thereon.

To create incentives that grow the network and to build a foundation for continuing innovation, FLUID is going to launch with its very own utility token. FLUID will launch as an ERC20 token on the Ethereum network and will be busy preparing itself to claim its parachain slot on Polkadot and benefit from the enhanced performance within its interoperable framework.

Use Cases

Initially, FLUID will grant access to a variety of valuable utilities for exchange users: 

  • Governance rights: To promote decentralized community governance for the network, FLD token holders would be able to submit and vote on governance proposals to define future features and/or parameters of the FLUID platform, with voting weight determined in proportion to the tokens staked (the right to vote is limited strictly to voting on features of the FLUID platform).
  • Fee reductions: By utilizing FLD to participate in platform activities, users will be entitled to enjoy fee reductions. 
  • Incentives: FLD provides the economic incentives which will be distributed to encourage users to exert efforts towards contribution and participation in the ecosystem on the FLUID platform, resulting in creating a mutually beneficial system where every participant is fairly compensated for their efforts. 

Also Read: 
Tokenized assets will be the future.

FLUID was created to challenge these inefficient and opaque virtual asset liquidity providers with a blockchain-based frictionless solution that uses a best-in-class MPC wallet layered with blockchain technology to mimic institutional level liquidity aggregation in the global FX markets. This ability opens up new win-win opportunities for exchanges, liquidity nodes, and other pools of cross-chain liquidity. For exchanges, liquidity nodes, and other cross-chain liquidity pools, this will enhance operational efficiency, cut costs, raise capital utilization, improve end-user experiences, and open new product development frontiers.

To learn more about FLUID, visit its official website to discover FLUID’s protocol, the future of FLUID, and its plans moving forward. 

Twitter: https://twitter.com/Fluid_liquidity

Telegram: https://t.me/FLUIDFinance

LinkedIn: https://www.linkedin.com/company/fluidfinance/

Media Contact
Company Name: Micky Pty Ltd
Contact Person: Michael Manlapig
Email: Send Email
Country: Australia
Website: https://micky.com.au/fluids-very-own-fld-token/

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