Flambu Tokens
A two token approach to decentralized trust and fast, low-cost payments in peer to peer rentals ecosystem
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A two token approach to decentralized trust and fast, low-cost payments in peer to peer rentals ecosystem
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The token economics in Flambu involves two tokens:
Flame (FLAM): FLAM is the native utility token of Flambu, with 3 main purposes:
Loyalty: Incentivize participation in the network: Reward value-adding actions with gamification elements
Insurance: Create and maintain robust trust and protection within P2P transactions with a locking mechanism that recompenses good transactional outcomes, and counter dishonest behavior
Governance: As a platform owned and operated by its users, the future of Flambu is entirely driven by $FLAM governance. Everything about Flambu is governable, with the voting weight directly correlated to $FLAM staked for value-added services
Flambucks (FBX): FBX is a stable token pegged to $USD and backed by other stable tokens such as USDC and FLAM. FBX tokens are used for fast, cheap & secure P2P payments on the Flambu platform. Users of Flambu will see their FBX token balances in their local (or selected) fiat currencies.
