Flash Token ($FLASH) is an Ethereum token that enables interacting with the Flash Protocol.
FLASH contract address is: 0x20398ad62bb2d930646d45a6d4292baa0b860c1f
The Flash Token does not have a fixed supply. $FLASH is minted on every stake and it’s burned on every unstake (only if the staking period has not been elapsed). The process of minting can only be achieved using the Flash Protocol.
The inflation rate of the token is corelated to the usage of Flash protocol, the FPY (Flash Percentage Yield) and the matching ratio.
- The token follows the ERC20 standard with few extensions:
ERC-3009 - transfer with authorization, which enables gasless transactions
an exposed mint() and burn() functions which can be invoked only by the flash protocol