$FLY Token Launch on Sonic
$FLY Token Generation Event Launches on Sonic
Fly.trade, formerly Magpie Protocol, officially launches its $FLY token on June 6th at 1 PM UTC. The launch will occur on Sonic, alongside listings on Binance Alpha and Kraken.
Next-Generation Token Model
$FLY is a next-generation token designed to incentivize traders, stakers, and protocols. Its features include volume-based rewards, emissions, bribes, reduced slippage, and revenue sharing.
$FLY Tokenomics: ve(3,3) Inspired
Fly.trade utilizes a ve(3,3)-inspired model optimized for aggregator protocols. xFLY enhances trading by turning every swap into a potential earning opportunity.
- Trader Incentives: Direct subsidies reduce fees and slippage on popular trading pairs.
- xFLY: Stake and vote to earn bribes and maximize rewards through staking and trading $FLY in FLY pools.
- FLY33: Mint xFLY for automated, compounding rewards without lock-ups.
- Flywheel Effect: Staking and voting increase trader earnings, driving volume and fees, and creating a positive feedback loop.
- ve33 Governance: Lock $FLY for xFLY, gaining governance over protocol fees, emissions, and partnerships.
- Revenue Sharing: Protocol fees are distributed to stakers.
Fly.trade: Leading Liquidity Aggregator on Sonic
Fly.trade is a leading liquidity aggregator and trade execution protocol within the Sonic ecosystem, simplifying cross-chain DeFi with seamless swaps and optimized routing across 19+ chains.
- Provably Better Pricing: Consistently delivers better swap rates than major aggregators, minimizing slippage.
- Key Advantages: First-to-market cross-chain aggregator with broad token support, cross-chain swaps, and integrations with top Sonic ecosystem protocols.
- June 6th, 2024: $FLY launches on Sonic.
- Q2 2024: Launch FLY Dashboard, staking, emissions, bribes, revenue share, and Earndrop™. Expand to EVM chains (Soneium, Abstract), integrate Binance and OKX wallets.
- Q3 2024: Expand to EVM chains (MegaETH, Monad, HyperEVM) and non-EVM chains (Solana, Eclipse). Onboard new protocols and liquidity.
- Q4 2024: Bridge Aggregation 2.0 upgrade, updated UI, and launch Fly 2.0: Universal Aggregation.
Token Generation Event (TGE)
Fly.trade and $FLY aim to be foundational to Sonic's DeFi economy. The confirmed listings on Binance Alpha and Kraken show strong market support.
- TGE Date & Time: Friday, June 6th, 1 PM UTC
- Lock $FLY to receive xFLY
- Earn passively with FLY33
- Token Utility: Trading incentives, reduced fees & slippage, bribes, voting, emissions, and multiplier on voting and trading.
Follow @flytrade_ on Twitter for updates.
Disclaimer: This information is not investment advice. Conduct thorough due diligence before investing in cryptocurrencies.
