How to find the new token star? The key feature of a promising asset
In a surging altcoin market, some assets will always perform better than others. Ascertaining which ones will show good performance is where fundamental analysis comes into play. Projects with a strong chance of gaining user adoption and lasting in the long-term offer give the best chances of healthy returns.
As the utility token industry matured, new, innovative tokens with exciting value propositions have been created.
One of the prospective utility tokens launched recently is the Franklin (FLy) token, the ecosystem token of the VRM company, launched in the middle of April. The token was designed to provide customers with an opportunity of getting discounts and additional benefits from the VRM eco-system.
VRM is a proprietary HFT company founded in August 2018. The company focuses on trading AI-based quantitative HF strategies on the crypto market and provides MM solutions to digital asset exchanges. The VRM ecosystem includes VRM Research, VRM Capital Management, VRM Mining etc.
The FLy token currently is available for trading on Gate.io, BTSE, Uniswap and BitMart. VRM plans to continue the listing plan for FLy to enter a new exchange every week. Thus, FLy will be traded on 20+ venues by the end of the year.
One of VRM's major business projects is Black Ocean, a liquidity-providing platform. Black Ocean aims to build a bridge between the traditional world of finance and crypto.
The idea of Black Ocean's decentralized pool is to provide whales and institutional players from the DeFi sector of the crypto world the ability to manage big trades without any counterparty risks and market impact.
Black Ocean aims to cover custody, lending and legal currency channels for institutional and corporate users, and provides a series of services such as dark pools and liquidity pools. The platform is in the last phase of testing and will be launched in May.
The role of the FLy token is to provide token holders with opportunities for obtaining trading rebates, covering network expenses and gaining additional benefits for liquidity provision and funding.