About Flamingo-4th Project of OKX Jumpstart Mining

About 

Flamingo is an interoperable, full-stack decentralized finance protocol built on the Neo blockchain.

Overview

Flamingo is comprised of five main components, including Wrapper - a crosschain asset gateway, Swap - an on-chain liquidity provider, Vault - a one-stop asset manager, Perp - an AMM-based perpetual contract trading platform, and also DAO - a decentralized governance mechanism. FLM is the governance token of Flamingo and will be 100% distributed to the community based on participation.

The Flamingo project is incubated by Neo Global Development (NGD), underscoring Neo's vision to build the Smart Economy, of which decentralized finance is a crucial component. NGD will facilitate the early-stage development of the Flamingo project, and the governance mechanism will gradually transit from Proof-of-Authority (POA) to DAO. The Flamingo project will eventually run by the community.

• Project Name: Flamingo
• Ticker: FLM
• Total Supply: Not Fixed
• Protocol: NEP-5
• Official Website: https://flamingo.finance/
• Twitter: https://twitter.com/FlamingoFinance
• Discord: https://discord.com/invite/xGp9gbM
• Issued Date: Sep. 28^th, 2019 

Distribution and Lockup Duration

Yield mechanism of OKB staking pool :

(1) Time: estimated by Flamingo based on NEO block height

- Start time of mining: 13:00 , September 25 (UTC)

- Start time of circulation: 28 September (UTC), to be determined

- End of mining: 13:00, October 5 (UTC)

(2) Quantity: the total 2,500,000 FLM will be mined in 10 days (240 hours)

- Fixed yield per day: 2,500,000/10=250,000 FLM

- Fixed yield per hour: 250,000/24=10,417 FLM

Risk Warning: Trading digital assets involves significant risk and can result in the loss of your invested capital. You should ensure that you fully understand the risk involved and take into consideration your level of experience, investment objectives and seek independent financial advice if necessary.