The team has not taken profit from this project in any way.
All of the funds raised from the sale were deposited into Lifinity’s DEX to generate trading fees and market making profit for holders. The Flares' liquidity is distributed in our pools together with our POL so that they share the pools in proportion to their total liquidity.
All the profit generated from our DEX using Flares' liquidity and all royalties from secondary marketplaces (5%) are used as follows:
- 50% is used to buy back Flares from the floor
- 50% is reinvested into the liquidity pools