FBX
FBX is the stable token of Flambu used for secure, low-cost, and fast P2P payments on the Flambu platform
- FBX is backed by other stable tokens like USDC and Flambu's native token FLAM
- FBX is minted when a user makes a payment through the platform and burnt when a user cashes out the FBX
- The reserve tokens of FBX generate yield on several DeFi protocols, and the proceeds from these are sent to the community treasury, which will be partially distributed to the community several incentive programs
FBX tokens will always appear to the user as their local or chosen fiat currency in the app to avoid confusion and simplify the user experience. More advanced users will be able to trade their FBX tokens with other tokens once the functionality is added to the app.
Last modified 1yr ago