
1. What does FLy dark pool stand for?
Just let make a step back, as you know, we separated Black Ocean to regulated BO and to crypto FLy dark pool.
If BO is designed to serve large customers, like funds, banks and regulated exchanges, the FLy dark pool is designed to serve only crypto — crypto transactions and the main goal is to provide crypto wallets, unregulated CEXes with liquidity and order flow execution.
Market research tells us that it’s a right way for now
2. After our rebranding. Does the dark pool of FLyECO differ from BO dark pool? What are these differences?
yes of course!
BO — it’s only for regulated customers, like banks, funds, etc. Who can pass institutional KYC and proper AML for each coin or USD.
There are 2 bussines directions > serve big transactions to buy or to sell (like at least 300k$) and provide them with liquidity and order flow executions (eg. a bank can route. orders of its customers to BO and they will be traded)
BO supports Fiat + Crypto
FLy Dark pool — it’s only for unregulated companies, such as asian crypto exchanges or crypto wallets.
There is 1 bussines directions > provide them with liquidity and order flow executions (eg. an exchanage can route. orders of its customers to BO and they will be traded)
FLy Dark pool supports only Crypto
3. Will FLyECO dark pool be launched on the 1st of October?
Unfortunately — will not. Because we faced some regulatory issues and had to change Black Ocean to BO and FLy. BO will be launched approximately from January to March 2022, FLy Dark Pool has to be sooner, I hope we will launch it during October 2021.
4. What does FLy dark liquidity pool stand for?
As I mentioned before, BO has 2 business directions Dark + liquidity pool. FLy Dark Liquidity Pool has only one direction, and will not server big crypto — crypto transaction, only provide customers with liquidity and execution.
It’s better, because we already have commitments from potential customers and our research shows us that there is no demand for big crypto — crypto trades on the market. Well, it helps us to launch it much faster.
5. Is FLy dark pool similar to WOO dark pool?
There is difference, that Woo serves end customers, but FLy serves only companies, like exchanges, which serve end customers.
It looks like FLy can arrange liquidity for Woo =)
6. Do you have plans for local markets? Have we completely finished the promotion and advertising process?
We have plans and we are working closely with local KOLs and partners over the world.
7. What are the various use cases of FLy liquidities? Who and how can the liquidity be accessed? How the liquidity will be protected from Flash Loans?
This is only for CEXes, no any liquidity for DEX or DEFI solutions . Well, it cannot be affected by flash loans.
8. When FLyECO will be fully launched?
I hope, during October, the worse case — November, But for sure
9. Will the launch of FLY darkpool affect the price of FLY token. If so, how will the price be affected?
It should affect, but let’s see, it’s a market, but I can only tell you one thing — if we do a proper work, later or sooner it will bring good results to us. Well, waiting for these results, a price is one of main ones, we are working on it!
10. What do you plan on doing to give the token more value while we wait for Bo darkpool release.
IDOs, FLy DEX is coming, NFT is coming, leveraged DEX is coming > we are doing new products for people)
11. What is FLy Dex?
It’s a mix between pancakeswap and derivatives. You can trade spot as usual on any DEX, but you also can trade futures (just for trading or for hedging) , which are completely decentralized.
