Price
$0.01008284993863
0.00
Market Cap
$10.08M
Launch Date
05 April, 2023
Description
Flork is a new cryptocurrency that aims to create a sustainable and
community-driven ecosystem. Flork is built on the Binance Smart Chain,
which allows for fast and low-cost transactions. The Flork team is dedicated
to building a strong and thriving community that benefits from the project's
success.
Flork’s business model is to create a sustainable and community-driven cryptocurrency ecosystem that generates income from trading fees, investments in other projects. Flork includes a 10% fee on all transactions, of which 4% is added to the Flork Ecosystem Growth Fund, 3% is added to the liquidity pool, 2% is redistributed to all Flork holders as a reward for holding the token and 1% of the tokens are burned.
Additionally, profits generated by Flork are allocated to community initiatives and reinvestment in the ecosystem. 30% of profits go to the community, 20% are added to the liquidity pool and 50% are reinvested. The Flork team is dedicated to building a strong and thriving community that benefits from the project’s success.
The Flork Ecosystem Growth Fund is used to fund development and marketing initiatives for Flork, while the liquidity pool is used to provide liquidity for FLK tokens on decentralized exchanges. The Flork team engages in marketing efforts to promote the project to a wider audience and organizes events, competitions and community initiatives to engage users and encourage participation in the Flork ecosystem.
Overall, Flork’s business model is centered around creating a sustainable, community-driven ecosystem that generates income through multiple sources and reinvests profits into the ecosystem and community initiative
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