Flom Engine token or FLOM, has a wide array of purposes. Below are all the utilities the Flom Engine holds.
Core Utilities of the FLOM Token (Under Development)
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Governance Participation: FLOM Token holders can engage in the platform’s decision-making processes, influencing updates and development directions.
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Staking Rewards: Users who stake FLOM Tokens receive additional tokens as rewards, promoting active participation and long-term commitment.
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Marketplace Transaction Fees: Transactions within the FlomPlay marketplace are settled using CREO Tokens, streamlining the economic flow.
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NFT Purchases: FLOM Tokens are utilized for acquiring NFTs within the platform, encompassing in-game items and collectibles.
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Liquidity Provision: FLOM Tokens maintain liquidity across both centralized (CEX) and decentralized exchanges (DEX), ensuring accessibility.
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Developer Staking Requirements: Game developers are required to stake FLOM Tokens to participate in the ecosystem, fostering commitment and quality contributions.
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Incubation Program Support: In the future, the FLOM Token is employed in project incubation initiatives, aiding the development and launch of new games within the ecosystem.
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Play-to-Earn (P2E) Rewards: Players earn FLOM Tokens through participation in P2E games, aligning incentives and enhancing engagement.
The FLOM Token’s multifaceted utility underpins the FlomPlay ecosystem, ensuring a cohesive and dynamic environment for all participants.