What is Franklin (FLY)?

Deep Dive

1. Purpose & Value Proposition

FLY aims to streamline institutional-grade crypto trading via AI and modular token design. Its parent company, VRM, operates AI-driven HFT strategies with a 6.2%–49% market share on exchanges like Binance and BitMEX (VRM). The token grants access to proprietary trading algorithms, liquidity pools, and staking rewards, targeting traders seeking automated, data-driven strategies.

2. Tokenomics & Governance

• Supply: Fully diluted supply of 1.69B tokens, all circulating as of June 2025.
• Concentration risk: Top 10 wallets hold 67% of supply, raising decentralization concerns (CMC Holder Data).
• Staking: Users stake FLY for yield, though recent price volatility (-58.7% in 24h) complicates reward stability.

3. Ecosystem & Adoption

• Exchange support: Gate.io listed FLY perpetual contracts (20x leverage) on June 6, 2025, but delisted 25 Pilot Market tokens days earlier, signaling selective liquidity shifts (Gate Announcement).
• AI integration: FLY’s use case hinges on VRM’s AI infrastructure, which processes billions in daily volume but lacks public audits.

Conclusion

FLY’s niche in AI-driven trading faces scalability promise vs. centralization risks, amplified by extreme volatility and exchange reshuffling. How might FLY’s staking mechanics stabilize amid erratic price action?