The World's First Flashstaking Token Is Born
The $FLASH token contract was deployed at 3 pm UTC.
The contract is: 0xB4467E8D621105312a914F1D42f10770C0Ffe3c8
You can view the contract here: https://etherscan.io/token/0xB4467E8D621105312a914F1D42f10770C0Ffe3c8
At 3:41 pm UTC, the Foundation claimed 500,000 $FLASH that was to be used for initial liquidity.
You can view this transaction here: https://etherscan.io/tx/0xd367b99b9cdfc37cc89eb38f7d79004214350e3b25e0248837daec20c81ceac4
At 4:00pm UTC, a $62,800 $FLASH uniswap liquidity pool was created using 50 ETH +97,808 FLASH.
The initial price was set at $0.315 which gave it an initial market cap of $31,500.
You can view the Uniswap pool here: https://info.uniswap.org/token/0xb4467e8d621105312a914f1d42f10770c0ffe3c8
This liquidity will stay in the Uniswap protocol for a minimum of 3 months with possible liquidity mining rewards in the future.
At 4:12pm UTC, the unused $FLASH (400,000) was burned. You can view this transaction at https://etherscan.io/tx/0xcad5ac3bea1dfd133affc0912b009a29e41e6d9b0a565b0a4c6178d91c7670e5
While the token has been created, the FLASH protocol, FLASH claims, and Flashstaking dApp will not be deployed until New Years day.
To learn more about $FLASH, you can go here (the website will be updated next week with more information): https://flashstake.io
Early LP Program Is Open
***Editors Note – The Flashstake dApp is now live! Click here to start pooling***
To ensure a healthy amount of liquidity is in the FLASH protocol for New Years launch, the XIO Foundation is offering early LPs a chance to add any tokens they want to the protocol. If you would like more information on how to participate and reserve your spot as an Early LP, go here: https://xionetwork.typeform.com/to/wrhepcoo
Why would you want to be an early LP?
LP’s of the protocol provide FLASH + (Any ERC) they want to the protocol. In doing so, just like on Uniswap, LPs earn fees for every single transaction that is made.
However, unlike the 0.3% fee that Uniswap provides, FLASH LPs can earn up to 10% of every Stake or Swap on the protocol. The fee is calculated by taking the FPY and dividing it by 5.
To better understand the FPY (FLASH Percentage Yield), you can view this document.
With so many eyeballs on the New Years mainnet launch, we believe becoming an Early LP can provide a great chance to support the protocol get off the ground while capturing many of the early fees available. If you have any questions, please join us on telegram at https://t.me/flashstake
If you are just learning about FLASH or XIO, welcome! XIO (soon to be Blockzero) is a blockchain token studio. We think of, create, and launch tokens into the decentralized world. If you want to join us, start by becoming an XIO Citizen.
For a quick download to catch you up to speed, be sure to read our XIO in 5 explainer blog.