Published: Apr 11, 2021

Franklin (FLY)

Website

Status

IEO

IDO

Franklin (FLY) is an eco token for the whole VRM businesses. Meaning that it provides holders with Black Ocean transaction fee discounts and rebates, and it can be used for all services under the VRM eco – those available now and including the new ones in the future.

Whitepaper

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Interest lvl

Medium

Updated: Oct 02, 2022

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User Rating

Medium

2.3/5 • 10 votes

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Ticker

FLY

Token standard

ERC-20

Launchpads

Poolz Finance

Gate.io Startup

What is Franklin

VRM is a proprietary High Frequency Trading (HFT) company, so VRM doesn’t have any external investors. The company trades AI - based quantitative high frequency strategies on crypto market. An average daily trading volume in 2020 was 2,71b$, with a maximum daily spike of 10,86b $ in December 2020.

In addition, in 2020 VRM extended its business on the following areas:

VRM Research - VC for talented quants and trading teams

Black Ocean - a dark pool for whales and liquidity pool for retail oriented businesses

VRM Capital management - a fund for third party investors

VRM Mining - proper mining infrastructure for miners

FLy - a token, which should support relationships between VRM’s ecosystem and its customers and partners.

Franklin Roadmap

2018 April

Born of the business idea

2018 August

Core team has created

2018 December

Start on the first spot trading venue, average daily trading volume (ADV) is 9m$

2019 March

Increasing number of trading strategies

2019 Juny

Start on the first derivatives trading venue

2019 September

Start of a market making business

2019 December

New record has been achieved - ADV in 2019 is 440m$

2020 February

Opened SPV for trading on the Korean market

2020 April

Opened SPV for trading on the Japanese market

2020 May

Start trading on the Japanese exchanges

2020 July

Start trading on the Korean exchanges

2020 August

Black Ocean development has been started

2020 September

Trading infrastructure has been upgraded

VRM Research has been launched

First team joined VRM Research

2020 October

FLy token development has been started

2020 November

VRM is a designated market maker on 7 top rated crypto exchanges

2020 December

New record has been achieved - ADV in 2019 is 2,751b$

Black Ocean software environment has been prepared

VRM Research has decided two teams for buy, the whole amount of provide funds 2,37m$

Token Sale Dates

IDO

Start date: Apr 14, 2021

End date: Apr 14, 2021

IEO

Start date: Apr 15, 2021

End date: Apr 16, 2021

IDO

Start date: Apr 15, 2021

End date: Apr 15, 2021

Token Allocation

Total Token Supply 1,700,000,000 FLY

Total Tokens for Sale 289,000,000 FLY

Restrictions

Residents of the following countries are prohibited from participating
Afghanistan, Albania, Belarus, Bosniaand Herzegovina, Burundi, Burma, Canada, China, Democratic Republic of Congo, Cuba, Ethiopia, Guinea-Bissau, Guinea, Iran, Iraq, Japan, North Korea, Liberia, Lebanon, Libya, Macedonia, Malaysia, New Zealand, Serbia, Sri Lanka, Sudan, Somalia, Syria, Thailand, Trinidad and Tobago, Tunisia, Uganda, Ukraine, United States of America, Venezuela, Yemen, Zimbabwe.