FranklinFLY
$0.00494
Market/Exchange
FLY Price Prediction and Price Movement
FLY is up 242.09 percent over the last three months, while its market capitalization is still considered relatively small, which implies that the price of FLY can be very volatile comparing to those with larger market cap during big market moves. However, with a stead growth over the past three months, FLY has the potential to grow further and may yield some very decent gains. Again traders should remain cautious at all time.
Please note that this analysis is purely base on FLY's historic price actions and is by no means financial advice. Traders should always do their own research and be extra careful while investing in cryptocurrencies.
Franklin Price Chart
About Franklin
Franklin (FLY) is an ecosystem token for the whole VRM business. Meaning that it provides holders with Black Ocean transaction fee discounts and rebates, and it can be used for all services under the VRM ecosystem – those available now and including the new ones in the future.
VRM is a proprietary HFT company founded in August 2018, it focuses on trading AI-based quantitative HF strategies on the crypto market and provides MM solutions to digital asset exchanges. The company works on all major trading venues, such as BitMEX, Bitflyer, OKEx, Huobi, Binance, Derebit, Bit.com, Bithumb, Liquid, BTSE with a market share ranging from 6.2% to 49% each, their daily average trading volume is around 15-20 Billion USD. In addition, VRM has multiple businesses in its ecosystem including VRM Research, VRM Capital Management, VRM Mining and etc.
One of VRM major business is - Black Ocean, it is a liquidity providing platform incubated by VRM, a high-frequency quantitative trading company. Black Ocean aims to cover custody, lending and legal currency channels for institutional and corporate users, and provides a series of services such as dark pools and liquidity pools. The dark pool provides a trading venue for the execution of large orders of more than 300,000 US dollars or 5 bitcoins so that the execution of large transactions is not affected by the external market environment; the liquidity pool provides for the execution of market makers and retail orders venue, there is no minimum order limit.