FLIRTY is the currency of the FLIRTY platform. Used by fans to access exclusive content and to pay Artists for creating content, FLIRTIES will be tightly integrated into the FLIRTY ecosystem with the advantage that it delivers anonymity and rewards artists, writers and community members.
The Flirty token is a deflationary BEP-20 token on the Binance Smart Chain network (BSC) with an auto-yield generating function embedded into the contract allowing addresses holding the token to accumulate tokens automatically over time.
The Flirty token is initially tradeable via the Pancakeswap platform but will eventually be publicly traded on exchanges including Bitmart, Whitebit, Cointiger and eventually Binance, Kraken and FTX.
Every transaction made with the token is taxed with a 10% fee. That fee is then split into multiple categories:
50% is added back to the liquidity pool to ensure the token’s BNB supply grows to cater for all transactions.
30% is returned to token holders as a yield generation.
20% is added to a fund to pay for the development, marketing and maintenance of the platform.
A small variable percentage of the 3% total yield tax also gets sent to a burn address, so the supply of the token slowly dissipates over time creating the value of the token to slowly increase as the supply decreases and the demand increases. Otherwise known as a slow burn.
There will be an initial supply of 500 trillion tokens (500, 000, 000, 000, 000), alongside another 500 trillion being burned initially to start the slow burn process.
The token is then used on the platform as a digital currency to earn, interact and trade on the Flirty Platform. The token will give users the ability to buy NFT items, abilities and other miscellaneous upgrades such as Name dressing, Card dressing, Promotions and so on. All Character based NFT items will be equippable on the user’s character.
To prove ownership of items and characters on an account, a wallet connect function will be added to the site to prove ownership of an item. This will be a simple connect wallet button that will occur on login that will then enable you to trade and use your characters and items. Without connecting your wallet your accounts items will remain locked and unusable as a security measure. This will protect your valuable items against any account hijackings.
Traditional adult platforms use conventional payment gateways with transactions appearing on bank statements. Using FLIRTIES as a payment method provides anonymity for FLIRTY users and transactions are recorded anonymously with your Wallet Address on the Binance smart chain.
The development percentage is dissected from each transaction in BNB meaning that tokens are not sold back to the market to get funds to pay for development and marketing. The funds will then solely be used to maintain the future of the platform, create marketing campaigns, pay for development and maintenance of the platform.
Ownership of the contract will not be renounced as permanent limitations will be placed on the further development, maintenance and interactivity of the platform with the blockchain, exchanges and other markets.
The liquidity pool is locked for a minimum of 12 month intervals. It will not be locked permanently as it means the entire life of the project is dependent on whatever platform we choose to host our liquidity pool. We have plans to migrate in future or become independently hosted as our platform matures. As seen by many other token projects, locking liquidity permanently can be very damaging to the life of the token as migration of the liquidity pool becomes impossible. In order to maintain the life of the token this has been a very important decision to eliminate possible dangers with being third-party platform dependent, noting that third-party platforms also make important development decisions.