FLC

1. Project introduction

Flooring Protocol is to fragment a high-net-worth NFT into 1 million ERC-20 μTokens, the μTokens between different NFT collections are not connected, the NFT fragmented μTokens in the same NFT collection are consistent, and users can use μPPG to trade on DEX.

There are two cases of giving up and retaining ownership of NFTs for μTokens after fragmentation. Based on these two different user needs, the Flooring Protocol divides the fragmentation model into Vault and Safebox.

2. Token application

Enabling Safeboxes: By staking FLC in their Flooring Account, users can create personalized Safeboxes to reserve NFTs for custom time periods. Higher FLC stakes allow longer max durations and greater benefits.

Unlocking VIP Perks: Staking FLC also determines a user's VIP status tier. Higher tiers unlock exclusive perks tailored to strategies from swift cash-outs to long-term stability and collector retention.

Incentivizing Liquidity Providers: The protocol rewards liquidity providers who add to FLC and μToken exchange pools with FLC mining rewards proportional to their share of the pool. These incentives robust liquidity vital for ecosystem growth.

Managing the Treasury Reserve: The protocol treasury accumulates a portion of all FLC expenditures like fees and bids. These reserves help fund ongoing development, provide collateral, and maintain FLC value stability.

The treasury may also provide Eco-system contributor grants to worthy contributors and projects.

Maintaining Protocol Stability: Random Vault redemptions normally have no fees. But if reserves dip too low, a redemption fees in FLC applies. This disincentivizes excessive withdrawals during periods of volatility.

Facilitating Events: FLC is required to initiate protocol events like auctions and raffles. As the platform's native currency, FLC also serves as a discounted bidding option during these events.

Auctions: Users can utilize FLC tokens to place their bids on a wide selection of exclusive NFTs.