The Flash Beasts
The Flash Beasts are an evolutionary NFT that are a key part of Flash.Trade. When they were minted the Beasts seeded the protocol with its initial liquidity and as such every single Beast will have a 100% fee share on that initial liquidity in perpetuity.
The Beasts also come with an entire reward and benefit system attached to them. Holders will be able to gain Voltage Points (VP) to access greater benefit levels and watch the Beasts evolve before their eyes as they achieve the next level. This is accomplished through interacting with Flash as every action earns users VP points. In the near future, there will be Boost feature which will allow a holder of multiple Beasts to combine their powers into 1 primary Beast so that it gains VP at an accelerated rate as they interact with the protocol. They can also be thought as your identity on Flash.Trade. All the trades, liquidity provisioning, and referrals are executed through NFT Owned Trading Accounts (NOTAs). As such all benefits, including linked trading accounts through the referral mechanism, will transfer with the NFT if it ever changes owner. Additionally, this structure allows for all of a user’s assets to remain implicitly in their custody as they interact with Flash.
Flash Beast Benefits
Trading Fee Discount: While trading on Flash Trade, Beast holders will have discounted open/close fees that are dependant on the level of their Primary Beast.
Referrals: Every Beast will be generate their referral links on the NFT page of the Flash Trade application. This link will allow any non-Beast holder to mint a pass that allows them trade on the exchange with an immediate 5% discount. Rebates: Rebates generated by a Beast's referees will be airdropped to holders in real-time as referees make trades on the exchange. The percentage of fees Holders receive are dependant on the level of the Beast that generated the original referral link. As a Beast levels up, the rebate percentage (even on referees that were referred while the Beast was lower level) also increases.
In order for a Beast's referral rebates to be airdropped to a new wallet in the case of new ownership, it must have been made that wallet's "Primary Beast" on Flash's UI at one point. Rebates will be airdropped to the wallet that last made the NFT its "Primary Beast." If a referee ever becomes a Beast Holder, the referrer will no longer receive rebates from that users trading activity.
Fee Share: The Beasts Fee Share from the initial liquidity will be claimable daily on the NFT page of the Flash.Trade application at 08:00 AM UTC.
The Beasts will level up according to the table below.
1
0
0%
5%
2
2,000
0%
7.5%
3
10,000
0%
10%
4
100,000
0%
10%
5
400,000
6%
10%
6
800,000
12%
10%
NFT holders can earning VP in the following ways:
$15 of Crypto or Non Crypto Trading Volume = 1 VP Earned
$1 Generated as LP = 50 VP Earned
$1 Generated as Referrer = 250 VP Earned
Yield Booster Mechanism
Beast holders get higher reward share on their deposits in Flash liquidity pools depending on the level of their beasts.
The base reward share for all depositors in the pools is 70%, while for Pools 4 & 5, it is 100%.
Increased reward share details below:
4
75%
5
80%
6
85%
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