What is FlypMe (FYP) Crypto Beginner’s Guide
FlypMe is a decentralized, blockchain-based platform that supports the exchange of twenty-six cryptocurrencies. It is a crypto exchange that is instant, private, and secure. Users are always in control of their own funds, data, and keys.
They also can exchange instantly, and there is no registration required; FlypMe doesn’t ask for an email or ID, only a crypto address. Flyp has been built so that crypto addresses are all that is required in order to access fast and private exchanges, and it simplifies the process. As a marketplace for trading cryptocurrencies, FlypMe relies on high levels of privacy and security to ensure that users can remain anonymous and secure their deposits.
Users can instantly exchange twenty-six cryptocurrencies straight into their wallet. These currencies include Bitcoin, Litecoin, Ethereum, and dozens of other popular digital tokens. Many ERC20 tokens are also available on the FlypMe exchange. The exchange leverages several different trading platforms to secure the best rates for trading pairs, and the rate is fixed with one click of a button, to ensure that users are always getting what they want.
The purpose of FlypMe is based on the continuous growth of cryptocurrencies, and aims to benefit users as the crypto world becomes more and more popular and is adopted into the mainstream. More and more stores are beginning to accept cryptocurrencies as a valid form of payment. There were over a thousand cryptocurrencies in existence by the middle of 2017, and users need a central platform where they can see the market for these currencies and exchange them. To facilitate trade, FlpMe acts as the middleman between users and these currencies, and ensures that people can participate in the crypto world in a safe and secure manner.
Features of FlypMe
Decentralization is important to the FlypMe exchange; there are no central authorities or third parties involved, just simple, basic exchanges on a peer-to-peer basis. Privacy is also important, and data and privacy are never compromised. No information is ever requested or obtained from users, only their crypto addresses, and there are no third-party web analytics, customer service software, or marketing platforms. The low costs of FlypMe make it a particularly beneficial platform for users.
The FlypMe Coin (FYP)
The FlypMe Coin is FlypMe’s internal form of cryptocurrency; users can obtain the token and use them as a starting point for trading. FYP are an ERC20 token, and can be bought on several exchanges, including HitBTC and EtherDelta.
Holders of FYP are given many benefits; they have the ability to propose new features to the FlypMe exchange, and can vote on key decisions that impact the platform. The FlypMe exchange also shares 50% of all profits that are generated with FYP token holders. FlypMe distributes payouts to token holders once every three months in proportion to their ownership; the more FYP tokens someone has, the more profits they gain. Ultimately, holders are part of a community that benefits from the FlypMe platform, and play an active and rewarding role its success, as FlypMe is committed to balancing power between users of the exchange and the exchange itself.
Official trading of the FlypMe coin began in October 2017, and the token joined over 1,000 cryptocurrencies on the market. The FlypMe exchange is a viable platform that is the first point of contact for many users, and it enables people to trade currencies as a safe and secure platform for users all around the world.