Binance Launchpool, a new product where Binance users can acquire new token rewards in return for staking BNB, BUSD and other tokens, has just presented Flamigo, its third project, according to the press release shared by Binance.
From now own, Binance Launchpool's users will be able to stake BNB and BUSD to earn FLM tokens. FLM is the governance token of Flamingo and will be 100% distributed to the community based on participation.
Flamingo is an interoperable, full-stack decentralized finance protocol built on the Neo blockchain. It is composed of five main components, including Wrapper - a cross-chain 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.
According to the press release, the users of the Launchpool will be able to stake their BNB and BUSD tokens into two liquidity pools to farm FLM tokens, starting from September 27 at 0:00 AM (UTC).
In addition, Binance will also add the FLM token to its trading platform on September 28 at 7:00 AM (UTC) and will offer trading in the following pairs: FLM/BTC, FLM/BNB, FLM/BUSD and FLM/USDT.
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