Reflexer Ungovernance (FLX)
1. Fundamental Analysis
1.1 Introduce
FLX is the (un)governance token for Reflexer Finance. FLX has two core functions: Lender of last resort: similar to other models such as the Maker protocol, the RAI system will have surplus and debt auctions. Debt auctions will autonomously mint and auction new FLX in case the system is underwater. Ungoverning the RAI system: once the vast majority of governance capabilities are completely removed from the system, the community will be able to decide on how, when and if to securely governance minimize any remaining components. FLX will facilitate further ungovernance and allow the community to take decisions on how to remove themselves from discretion over the protocol.
1.2 Basic Info
| Name | Value | Name | Value |
|---|---|---|---|
| Symbol | FLX | Market Cap | 4813180.17 |
| Name | Reflexer Ungovernance | White Paper | -- |
| Web Site | https://reflexer.finance/ | Is ICO | None |
| Wallet | -- | Raised Funds | - |
| Source | -- | Distribution | - |
| Explorer | https://etherscan.io/ | Algorithm | -- |
| Forum | -- | Proof | -- |
| Mining | Total | 972622.2961293116 | |
| Supply | 972622.2961293116 | Release Date | 2021-08-07 |
| Available Supply | 825730 |
2. Technical Analysis
2.1 Kline Chart
2.2 Analysis
The market is in a consolidation phase, with a trend of oscillation between 3.2 and 6.2. The recent volatility indicates a potential for a breakthrough in the near future. A downward trend is more likely, given the bearish patterns observed, but a sudden upward movement cannot be ruled out. The volume levels suggest increased activity in the market, which could indicate a change in trend. The next significant movement is expected to be in the downward direction, with a target range between 3.8 and 4.2.
