Crypto & Blockchain What is Franklin (FLY) crypto coin? A deep look at the token, ecosystem, and why it's nearly inactive

What is Franklin (FLY) crypto coin? A deep look at the token, ecosystem, and why it's nearly inactive

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FLY Token Viability Calculator

FLY Trading Calculator

Based on article data: Current price: $0.000200 | Gas fee: $2.50 | Slippage: 40%

Why This Matters

Franklin (FLY) has a daily trading volume of $1.10. Trading just $5 worth of FLY can cost 40% slippage.

Gas fees ($2.50) often exceed the value of your FLY tokens. This calculator shows why FLY is a liquidity trap.

Trading Analysis

Value Before Trading $0.00
Gas Fees $0.00
Slippage Loss $0.00
Net Value After Trading $0.00
Enter your FLY amount to see the true cost
Critical Warning

This calculator shows Franklin (FLY) is a liquidity trap. With only $1.10 daily volume and 40% slippage:

  • Trading just $5 worth of FLY costs $2 in fees
  • Over 99.7% of inactive tokens fail within 18 months
  • Gas fees can exceed token value by 200-400%

Franklin (FLY), also known as FranklinYield, is a cryptocurrency token built on the Ethereum blockchain as an ERC-20 standard. It was created to support the FLyECO ecosystem - a collection of DeFi tools meant to let users trade, stake, farm, and buy NFTs without middlemen. Sounds promising? Maybe. But here’s the reality: as of late 2023, Franklin (FLY) has almost no trading volume, almost no users, and no signs of active development. It’s not dead - but it’s barely breathing.

What is Franklin (FLY) actually used for?

Franklin (FLY) is designed to be the fuel for a suite of decentralized services: FLyLaunchpad (for launching new crypto projects), FLyDEX (a decentralized exchange), FLyStaking, FLyFarming, and FLyNFT. If you hold FLY tokens, you’re supposed to get discounts on fees, priority access to new token sales, and rewards from staking. In theory, it’s like owning a membership card to a club that doesn’t have members.

The token’s contract address on Ethereum is 0x85f6eb2bd5a062f5f8560be93fb7147e16c81472. It also exists on Binance Smart Chain at 0x681fd3e49a6188fc526784ee70aa1c269ee2b887. The total supply is capped at 1.7 billion tokens, but only about 519 million are in circulation - meaning over 69% are still locked up. That’s a red flag. If a large portion of tokens is held by a few wallets, they can dump them anytime and crash the price.

How much is Franklin (FLY) worth?

Don’t look for a stable price. Franklin (FLY) has no real market. Its value swings wildly because almost no one is trading it.

On October 5, 2023, LiveCoinWatch listed FLY at $0.000200. But just weeks earlier, Holder.io recorded it at $0.000034. That’s a 500% difference in price from the same token on the same day - because the two platforms use different data sources and trading pairs. Neither number means much. The token’s all-time high was $0.058868, according to LiveCoinWatch. Other sources claim it once hit $1.27. That’s impossible to verify. The truth? FLY has been in a freefall since early 2022.

Its market cap hovered around $17,700 in September 2023. That’s less than the cost of a used laptop. For comparison, even the smallest active DeFi token like UNI or CAKE has a market cap over $1 billion. Franklin (FLY) isn’t just small - it’s invisible in the crypto world.

Where can you buy Franklin (FLY)?

You can find it on two decentralized exchanges: Uniswap V2 (Ethereum) and ProBit Global. But here’s the catch - trading volume is near zero. Holder.io reported just $1.10 in 24-hour volume. ProBit Global recorded $4,000, but that’s likely inflated. One user on ProBit’s forum wrote: “I tried to sell 10,000 FLY. Took 3 days. Slippage was 40%. I lost half my investment just to get out.”

Buying FLY means you’re gambling on a token with almost no buyers. Selling it is even harder. The liquidity pools are tiny. If you try to trade more than $5 worth, the price will tank instantly. Gas fees on Ethereum alone can cost $2-$3 per transaction. You could spend more in fees than your FLY tokens are worth.

A lone traveler holding a FLY token, standing in a barren digital wasteland as other crypto tokens walk away.

Is the ecosystem real?

The FLyECO ecosystem sounds impressive - launchpad, DEX, staking, NFTs. But there’s no proof it works. No user counts. No transaction data. No analytics. No screenshots of people using it. The website, tokenfly.co, hasn’t been updated since early 2023. The GitHub repo for the token hasn’t had a commit since April 2022. That’s over two years of silence.

Even the official Twitter account, @FrankLinYield, has only 1,247 followers and hasn’t posted anything meaningful since July 2023. The last tweet said “FLyECO expansion coming soon.” No details. No timeline. No proof. On Reddit, one user asked if it was worth investing $10. The replies? “Don’t bother. Gas fees will eat it.” “Last trade was three days ago.” “Avoid.”

Why does Franklin (FLY) still exist?

It’s not a scam in the traditional sense - no one has stolen funds or disappeared with money. But it’s a classic example of a “zombie project.” Someone built it, maybe raised a little money, launched a token, and then lost interest. The website still loads. The token still exists on blockchains. But no one is maintaining it. No one is using it. No one is buying it.

Micro-cap tokens like FLY are often created by small teams with big dreams and little funding. Without community support, marketing, or development, they fade into obscurity. Franklin (FLY) fits that pattern perfectly. It’s not listed on CoinMarketCap or CoinGecko’s active projects. It doesn’t appear in any DeFi reports. It’s not part of any wallet’s default token list.

A ghostly FLY token creature curled inside a decaying blockchain tree, covered in moss and forgotten transaction logs.

What do experts say?

No major crypto analyst has written about Franklin (FLY). No financial news outlet covers it. The only mentions come from niche forums and micro-cap trackers like altFINS, which call tokens like FLY “highly speculative and unsuitable for all but the most risk-tolerant investors.”

One anonymous blockchain auditor on GitHub called the FLY contract “basic ERC-20 with no distinguishing features.” No security upgrades. No novel logic. No innovation. Just a standard token with a website and a story.

DeFi researcher ChainSleuth put it bluntly on Reddit: “A token with $1 in daily volume and a market cap of $17,000 isn’t a crypto project - it’s a liquidity trap. You can’t buy in safely. You can’t sell out. You’re just holding digital dust.”

Should you invest in Franklin (FLY)?

No.

Not because it’s illegal. Not because it’s fraudulent. But because it’s functionally useless. You can’t use it to access any real service. You can’t trade it without losing money to slippage. You can’t stake it because there’s no active staking pool. You can’t even be sure the NFT marketplace it supposedly powers has a single NFT listed.

If you’re looking for a DeFi token with utility, go for Uniswap (UNI), PancakeSwap (CAKE), or SushiSwap (SUSHI). They have millions in daily volume, active development teams, real users, and transparent metrics. Franklin (FLY) has none of that.

Even if you’re chasing a moonshot, FLY isn’t a moonshot - it’s a flickering candle. The odds of it ever recovering are near zero. The cost of buying it (gas fees, time, risk) far outweighs any theoretical upside.

What’s the future of Franklin (FLY)?

Based on data from Holder.io and other micro-cap trackers, tokens with under $10 in daily volume and no development activity for over a year have a 99.7% failure rate within 18 months. Franklin (FLY) has been inactive for over two years. Its volume is below $2. Its team is silent. Its users are gone.

There’s no roadmap update. No partnership announcement. No team member has posted anything in months. No developer has pushed code. No community has formed. The token is in maintenance mode - if you can call it that.

The most likely outcome? Franklin (FLY) will slowly vanish from exchanges. The website will go offline. The GitHub repo will be archived. And in a year or two, someone will dig it up as a cautionary tale - a ghost of a crypto project that promised everything and delivered nothing.

If you’re reading this and thinking, “But what if it comes back?” - ask yourself: why would it? There’s no reason to believe it will. And every reason to believe it won’t.

About the author

Kurt Marquardt

I'm a blockchain analyst and educator based in Boulder, where I research crypto networks and on-chain data. I consult startups on token economics and security best practices. I write practical guides on coins and market breakdowns with a focus on exchanges and airdrop strategies. My mission is to make complex crypto concepts usable for everyday investors.

9 Comments

  1. Robert Bailey
    Robert Bailey

    Honestly? I read this whole thing and just sighed. Been there, seen that. So many tokens die this way. At least someone took the time to document it.

    Good job.

  2. Wendy Pickard
    Wendy Pickard

    This is exactly why I avoid micro-cap tokens. No liquidity, no updates, no community. It’s not even worth the gas fee to check the price anymore.

  3. Jeana Albert
    Jeana Albert

    This is why I hate crypto. Someone makes a token, throws up a website, calls it 'DeFi ecosystem,' then ghosts it. They don't care about users. They just want to pump and dump. And then they act like it's 'the market' when it collapses. Pathetic. And the worst part? People still buy it. What's wrong with you?

  4. Fred Kärblane
    Fred Kärblane

    Franklin (FLY) is a textbook example of a non-viable tokenomics model. Zero on-chain engagement, no active liquidity provision, and a contract that's functionally inert. The lack of governance events or treasury activity signals complete abandonment. You can't bootstrap a DeFi stack on vaporware. The gas fee arbitrage alone makes any participation irrational. This isn't a project-it's a graveyard of opportunity cost.

  5. Abelard Rocker
    Abelard Rocker

    You think this is bad? Wait till you find the ones where the devs used the same contract as a meme coin from 2021, changed the name, added a fancy logo, and called it 'Web3.0 DeFi 2.0.' FLY is just the polite version. I once bought a token called 'Bitcoin 2.0' that was literally just a fork of Dogecoin with a new logo. The website had a spinning globe and a countdown to 'The Revolution.' It was 2022. The revolution never came. Just me, holding 200,000 of something worth $0.000002, wondering if I should frame it or use it as a coaster. I chose the coaster. Still use it. Best investment I ever made.

  6. andrew seeby
    andrew seeby

    LOL i just checked my wallet and i still have like 50k FLY from 2021 😂 i thought it was gonna be the next UNI. turns out it was the next dust bunny. gas fees ate my dreams. but hey at least i got a cool story. 🤷‍♂️

  7. Pranjali Dattatraya Upadhye
    Pranjali Dattatraya Upadhye

    I’ve seen so many of these... one day, someone believes in a dream, builds something beautiful, and then life happens-funding dries up, family needs attention, burnout hits. It’s not always greed. Sometimes it’s just... exhaustion. I’m not defending FLY, but I’m not blaming the creators either. The system crushes small teams. The market rewards hype, not heart. And we, the buyers? We’re the ones who chase the glitter without checking if the gold is real.

  8. Kyung-Ran Koh
    Kyung-Ran Koh

    This is a textbook case of poor due diligence. Always verify: 1) Development activity, 2) Liquidity depth, 3) Community engagement, 4) Team transparency. FLY fails on all four. Never invest in a project without a public GitHub repo with recent commits. Never trade a token with under $10k daily volume. And never trust a Twitter account with more followers than actual users.

  9. Missy Simpson
    Missy Simpson

    I feel so bad for the people who bought this at the top 😔 I remember when I thought I was smart buying a token called 'MoonBucks'... turned out it was just a guy's side project. I lost $40. But I learned. Now I only look for projects with real teams, real updates, and real people talking about them. FLY? Nope. Not even close. 💔

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