Upcoming Public Sale: FlowX Review

FLX is the native token of FlowX, used for enhancing liquidity and marketing purposes.

xFLX (escrowed token of FLX) has utilities like Boosting Yield, Receiving Dividend, and Governance. Let’s discover more about the FlowX IDO.

Key Metrics and Token Generation Event (TGE) Details

• IDO Platforms: GameFi, Spores, RedKite, and own Launchpad titled LaunchpaX
• Currently, Public sale is live on LaunchpaX

• Website: https://flowx.finance/
• Twitter: https://twitter.com/FlowX_finance
• Launch date: Public sale starts from 14:30 28th Nov 2023 – 14:30 30th Nov 2023
• Initial Supply: 830,000
• Total Supply: 10,000,000
• Initial Market Cap: $290K
• Total Raise: $280,000 (Already sold quickly on 4 launchpads)
• Vesting: 100% at TGE (50% in FLX and 50% in xFLX)
• Public Sale Price: 0.5 – 1 USDC. Read the details here
• TGE: 30th Nov

Why will We Participate in FlowX Public Sale?

• FlowX is launching at 290k marketcap. It can easily go to 3M, given there are not many good projects in the Sui ecosystem. That will be an easy 10x.
• The project has over 60k followers on Twitter. It is launching at good quality launchpads. Thus, the marketing push will be high.
• We are receiving 100% of the tokens at TGE. 50% will be immediately liquid, helping you to withdraw the initial investment.
• DeFi and Launchpads are performing well. Layer1s like Solana, Celestia, and Cosmos have significantly outperformed Ethereum and its Layer2 solutions. It indicates a shift in the risk appetite of crypto holders. So, the Sui ecosystem will be trending in time.

The project may have long-term value, but we will take action depending on the roadmap and performance of FLX at TGE.

How to Participate in FlowX IDO

Participate in the Public sale here LaunchpaX

Standard Risks

As with any crypto project, there are always some standard risks to consider:

• Smart contract and security risks. The technology or code could fail. This would collapse the entire project if it were to happen. Or the project or its funds may be compromised by hackers.
• Competition. There are many DeFi platforms as competitors.

Profit Taking Strategy

As we are getting 100% during TGE we will stay safe. We just need to check if xFLX is liquid. Consider these scenarios:

• The Token does 2x or more: Since the TGE market cap is less than $300K, it can easily pump to $600k or above. If the market cap reaches $600k, sell the 50% FLX you received. We will get back our initial investment and make a good profit. Our profit margin will increase with xFLX.
• The initial supply is 22.3% of the total supply. In the future, the token’s main utility is incentivizing the platform’s use. Consider the emissions that will happen later.

After the TGE, we will update you based on the price action and team meeting proposed roadmap, along with an increase in volume and TVL. Also, we will examine the token distribution and token contract after the TGE.

Want to convert xFLX to FLX? You can read this article.

Disclaimer
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.