FlowX Report — Amazing November

Another month has passed, and for FlowX Finance, November has been truly special. It marks new milestones that will signify even stronger strides for FlowX in the future for the FlowX team and the FlowX community. Let’s review the explosive month of November with FlowX!

Launching FlowX Token — $FLX

In November, we officially launched FlowX’s token — FLX, with two sale rounds: Pre-sale and Public Sale. This is a major milestone for the FlowX team, marking our efforts over the past year. We achieved positive results in our sales rounds, specifically:

Pre-sale

• The entire Pre-sale token allocation across four launchpad platforms: Spore Launchpad, Redkite, GameFi, and LaunchpaX (a new launchpad feature of FlowX) sold out rapidly, raising a total of $280,000.
• Particularly, in FlowX’s Pre-sale on LaunchpaX using an Overflow sale format, we received over $139,000 in deposits (three times the set hardcap).

Public sale

• The Public Sale featured special mechanisms to ensure benefits for all, including Subscription and Price Discovery.
• After the Public Sale, we raised over $660,000, and as committed, 30% of the funds raised from the public sale were added to liquidity in FLX trading pairs on FlowX.

Additionally, we want to highlight our unique duo-token mechanism: FLX and xFLX, serving as utility tokens.

• FLX is the main token for trading and rewarding liquidity providers.
• xFLX is the governance token of FlowX used for voting on reward allocation in pool farms, protocol fees, voting on protocol parameters, and boosting profit rewards.

In simple terms, this mechanism slows down inflation, and xFLX, being transferable, can be used for specific purposes in the future.

New Feature Updated on FlowX — LaunchpaX

In the recent FlowX token launch, we also introduced a completely new feature to support future projects and users looking to enjoy the Sui Network: LaunchpaX.

With LaunchpaX, projects will have diversified options for launching their tokens, including:

• Tier level launch pool
• Fair launch pool
• Auction launch pool
• Liquidity Bootstrap pool (Balancer)

With LaunchpaX, we also support projects in launching partners, marketing, community building for new projects. Additionally, LaunchpaX will initially distribute tokens to the right audience.

New Tokens Listing on FlowX

In November, FlowX saw many tokens choosing FlowX as the first DEX for their initial liquidity addition, including P3PE, FLX, xFLX, etc.

Moreover, numerous Liquid Staking Tokens (LST) on Sui also chose to list on FlowX, enhancing the user experience and ensuring more users become acquainted with LSTs on Sui, such as vSUI, afSUI, haSUI.

This further proves that the FlowX team remains dedicated to its original vision of decentralization and permissionless.

Incentive Farming as a Service (FaaS) pools on FlowX

In November, we also launched two rounds of Incentive FaaS pools with total rewards of 148,000 $SUI and 129,000 $SUI, respectively.

In addition to familiar pools like SUI/wUSDC and wUSDC/wUSDT, we collaborated with our partners such as Aftermath and Volo to introduce FaaS pools for Liquid Staking Tokens (LSTs): afSUI, vSUI — vSUI/SUI, afSUI/SUI.

With Incentive FaaS pools for LSTs, users can further optimize their profits when they can stake $SUI to receive LSTs and then deposit into FaaS Pools on FlowX to receive $SUI.

First staking pool for $FLX — total reward 10,000 $USDC

Immediately after $FLX and $xFLX were listed on FlowX, we promptly initiated the first epoch staking pool for $FLX with a total reward of 10,000 $USDC.

Nearly 500,000 $FLX has been staked in the pool, collectively sharing the 10,000 $USDC reward. This enables users to optimize profits while holding $FLX during the current period.

And this is just the first epoch; we plan to launch many more epochs in the future to ensure the benefits of $FLX holders.

Conclusion

In November, FlowX also recorded significant growth in its key metrics. This increasingly validates that FlowX’s plans are on the right track and are bringing many benefits to users.

• TVL: TVL (Total Value Locked) of FlowX has experienced remarkable growth in the past month, consistently breaking all-time highs and reaching over $11.8 million, ranking fourth in TVL among DeFi projects on Sui and third in TVL among DEXs on Sui.
• Trading volume: The trading volume of FlowX has also seen continuous growth, maintaining days with $200,000 in trading volume and reaching a new all-time high in November with over $800,000 in trading volume and more than $16M in total trading volume,
• Active Accounts have surged from over 5,000 in September to currently over 16,000 total active accounts, accompanied by more than 600,000 transactions.

These are noteworthy achievements for FlowX, showcasing its steady progress. We want to express our gratitude to all FlowX members for their support and for reaching these new milestones together.

As mentioned, the token release is just the beginning of a new journey for us, and together we will achieve new milestones in the future.