μ-Tokens

What do these little things do?

What are μ-Tokens and what is their purpose?

μ-Tokens represent fractional ownership of an NFT collection. Each token equates to 1/1,000,000th of an NFT which can be used to redeem a random NFT of the collection pool you have chosen to participate in. They provide liquidity, tradability, and access to protocol features.

Are there any benefits of holding μ-Tokens?

While you hold μ-Tokens of a collection, you are participating in their success and growth just as much as you are when holding a whole NFT. You are also able to provide liquidity on DEXes to earn $FLC, allowing you to unlock more features from the platform.

How do I earn μ-Tokens? Can I buy them directly?

You receive μ-Tokens automatically when depositing NFTs. You cannot directly buy μ-Tokens from the platform, but you can purchase them on DEXes from existing holders.

What can I use μ-Tokens for on the Flooring Protocol?

μ-Tokens let you participate in auctions, raffles, redemption, and other protocol activities. They are the platform's central currency.

Are μ-Tokens transferrable or tradable?

Yes, μ-Tokens can be freely transferred to other wallets or traded on exchanges just like any cryptocurrency.

How do μ-Tokens hold their value? Are they stable?

A: The Vault reserves provide intrinsic value. While floating, market measures such as arbitrage are in place to stabilize μ-Tokens.