🗝️Token Utility

The Key to Time Travel

Time Fees

FLASH is the exclusive token for consolidating, arbitraging, and unlocking Time Fees from the protocol.

  1. When anyone uses the Flashstake Protocol, TBTs are minted.

  2. Anytime TBTs are minted, a Time Fee is sent to the Flash Capacitor.

  3. The only way to remove Time Fees from the Flash Capacitor is by depositing FLASH tokens

  4. The deposited FLASH tokens are sent to the Flashstake Treasury, further reducing the circulating supply and providing necessary capital for continuous development.

Auction Premium

FLASH is the exclusive token for paying the premium fee for a FlashNFT.

  1. When anyone borrows from their FlashNFT, fc-Tokens are minted.

  2. Anytime a FlashNFT that has been borrowed against (and has not been fully paid back yet) has matured, based on the stake duration, it will go to Auction.

  3. The first 7 days a FlashNFT is at auction, it is in a reverse auction phase that FLASH tokens must also be paid.

  4. The deposited FLASH tokens are sent to the Flashstake Treasury, further reducing the circulating supply and providing necessary capital for continuous development.

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