The content of AMA with VRM Chairman Vladimir Demin

1. Let’s begin with main changes for FLy, Black Ocean and VRM, what are they?

• VRM. Entered on new trading venues and new markets. Major market position (>30%) on futures and options. All services make profit.
• Black Ocean. Rebranding to BO executed due to regulations. The full license will be obtained by the year end.
• FLy. The eco-system is getting bigger and make profit. You can notice growing number of tokens burnt month by month. The leading profit drivers are: MM, escrow, launchpad

Basically, we are working very hard on creating as many products as possible to cover all needs of crypto. More products are upcoming very soon.
2. What does FLyECO stand for?
FLyECO is the eco-system for wide range of services from one hand and users (both retail and institutionals) from other hand. This community is served by FLy as the utility token. This means the token is used to provide services within the community.
Now this comprise around 100,000 ppl, more than 100 partners and multi-million volume of transactions. The purpose of FLyECO is to create the community of new cutting-edge tech finance, fully apply the advantages to make profit out of crypto, create new world of finance.
3. When will BO dark pool be launched?
Actually the entire development of the technical side is 100% done. All tests and trial runs successfully completed. Now the only missing part is the official license to execute crypto-fiat transactions. This process takes time and even though we have started the process of getting the license long time ago it is still on process. I hope all should be done by the year end.
The license is the key for BO as we have a lot of institutionals lining up for the services but they require license to be able to run these transactions
4. Why VRM doesn’t affect the FLy price?
First of al, it does! VRM, as the member of FLyECO, together with other members spends a part of its profit to buy the tokens out of the market and burns it. We do it on public in a very transparent process. Monthly! Check this out from our news.
What also worth mentioning is that VRM will never manipulate the price by either pumping or dumping. We create long-term value, not the speculations. This will definitely pay-off the efforts and trust of the whole community when the price grows up big times.
5. When will the FLy token price grow?
Nobody knows precisely the time unless manipulating the price. This is the market and only the market decides. We can only double our efforts to continue creating trust, making bigger profit and ensuring the market that everyone should have Fly on its portfolio. We definitely will.
6. What will this license give to BO platform?
You probably all noticed that current momentum is the time for crypto to be regulated.
All major venues started obtaining proper licenses and it is impossible today to withdraw assets without KYC passed.
BO is the first professional platform for big players from traditional finance world and they are simply unable to use that platform if it is not compliant.
So the license will give us the opportunity to attract significant volume of whales transactions. This is the access to world of huge money and very big demand.
7. When team start to do market cap management. I think all others great project does it.
We do it! However we do it not like others — by interventions with external funding but rather create more value, use-cases and profit of the token. I will tell you a very important thing — FLyECO is profitable from the day one and the profit grows every day.
This means FLy has got a very substantial and intrinsic background. When we launch all products the profit will grow up too and the market will understand the real value of FLy. I think this time it will be too late for investors to jump in cheap.
8. NFT is a hot buzzword, but many think that NFTs are just what they would call, jpegs ownership, while NFT is way more. So what is FLyECO going to handle their version of NFT, what can we look forward to that could make it stand out from other competition in NFT.
We do have NFT products on our roadmap and some of them will be launched very soon. FLyECO will be the first-handed to get all the benefits of NFT. You will like it, believe me.
By the way, some of the projects entering on our launchpad are NFT projects. Just be informed…
9. Instead of the requirement to have FLY tokens in IDO projects, wouldn’t staking FLY tokens for a certain period of time reflect positively on the market in terms of price and volume?
Actually these two products work differently. Staking has its own goal — to balance the market and get paid for it. Launchpad is the investment opportunity. So these two products should be treated separately. But both of them help achieving the one goal — value of FLy should increase.
10. Team is really strong and working so hard as we all see that, but still couldn’t get expected success, can we success it with İDO and launchpads?
This is too early to judge about success. We have not launched the major part of the eco-system (despite technically it is ready for 100% and we are working on getting a proper license). The price of the token is only one dimension of the success, very important though. However, we create long-term, very well backed value and market needs time to evaluate it and accept it. You can check our institutional investors wallets — no one sells.
You know. The acceptance of some tangible assets always takes time people to understand their value. If the price of an asset grows out of nothing it is always a question — why? If you look deeper into what our team is doing and what the plans are you will understand that the token is the future of finance. The speed of acceptance of this idea depends on you too. Community has its own collective brain!
11. What have you done to expand your project globally? Do you have separate local communities for different countries? Specially for who can’t speak english well?
The project is global from the day one. We have around 20 different local communities on their local languages. All our staff is international, living in different countries, speaking different languages. Check our web-site to find a proper communities.
12. Black Ocean Whitepaper mentions that Customers can save a lot of money by fees, avoid slippage and market influence. What unique model/technology adopted by Black Ocean makes it possible?
The technical side is really state-of-the-art. Our CTO is the guy who created major exchange enjines on Wall Street. 20+ years of experience. So technically the platform is just perfect. And this opinion has been proved by real traders during tests.
13. What is the plan to ensure sufficient liquidity on exchanges to fill market orders, especially as adoption increases and clients begin multiplying year-over-year for FLy project?
We trade a lot and understand how to work with liquidity. We have got agreements with major liquidity providers so we will use these sources. The growing demand for FLy will definitely impact its price.
14. How do you plan to market FLy so it is more attractive to investors
Very good question! We believe that investors look deeper rather than couple of steps ahead and looking for a very good return. This is only possible when the project has got VALUE. Every day we increase value of the entire community and FLyECO. First of all — we earn profit and buy back tokens. Second — we create new products to fulfill new demands and earn profit too. Third — we extend the number of users of FLY (IDO Launchpads a good example) and number of ways where to buy FLy (new listings are coming)
15. Who will be the targeted users for the Black Ocean feature, and how will the Project go about in attracting such an audience?
Two types of customers — retail (for DEX) and institutional (CEX). We will work with both.
16. Can you tell us about FLy LaunchPad? What role will FLy token play here? Will FLy holders get any advantages like IDO participation opportunities etc?
Absolutelly yes! Not only the platform gives an opportunity to early invest into a new project with smaller price but also it is risk-free. Meaning that if the price of a new project would dump, all money will be returned! This is unique offer for today on the market.
17. How will the NFT feature of FLy function? Will it be for art creators, or collectors? Can you expatiate more on what it will look like?
Just a few words (do not wish to spoil the official launch intrigue). There are a number of NFT tokens coming. Some of them are related to the art, another to the loot collection. More info is upcoming!
18. What is the competitive advantage of the FLy project? Like I mean the strength the project has others do not, this strength that can attract other projects investors to this other project, can you point them out?
The biggest advantage is the access of retail people to the products created by traders. We all understand that successful trading is a real hard stuff. We have been trading for a long time and become pretty successful. So the products give a proven way to make profit with crypto. For ordinary people. This is our mission to introduce new era of finance to the people.