Price change (24h):
0.77%
High (24h):
$1.041
Low (24h):
$1.022
Volume (24h):
$7.48
Market Cap:
$850.15K
All Time High:
99.94% $1839.79
Apr 15, 2021
All Time Low:
37% $0.75
Jun 5, 2026
Reflexer Ungovernance
FLX68.13 %(1Y)
$1.028
About Reflexer Ungovernance
Reflexer Ungovernance Token (FLX) is a cryptocurrency launched in 2021. It serves as the governance and recapitalization token for the Reflexer protocol, the decentralized issuer of the RAI stablecoin.
The token underpins RAI, a stablecoin that eschews fiat pegs in favor of a PID controller-managed redemption price. FLX’s dual mandate absorbs systemic debt through autonomous auctions and progressively removes human governance from the protocol.
Reflexer Ungovernance Token operates on the Ethereum network. The smart contract framework issues FLX as an ERC-20 token, directly composable with the Ethereum Virtual Machine.
The token contract at 0x6243d8cea23066d098a15582d81a598b4e8391f4 adheres to the ERC-20 standard, enabling broad integration across decentralized finance infrastructure. Reflexer’s protocol autonomously mints FLX during debt auctions when RAI’s collateralization ratio drops below a critical threshold, maintaining solvency without human intervention.
The Reflexer project emerged from the decentralized finance ecosystem in early 2021, with the FLX token launching in April of that year. Venture backing from funds like Paradigm, Pantera Capital, and a16z signaled early institutional confidence in a non-pegged stablecoin model. The Reflexer DAO has since guided a deliberate process of governance minimization, gradually migrating control away from centralized administrators.
The long-term mission is to engineer a monetary system devoid of human governance, where the RAI stablecoin operates purely through code and incentives. Decoupled from any external peg, RAI aims to become a reflexive, censorship-resistant unit of account for the digital economy. FLX funds this ungovernance trajectory and stands as the ultimate backstop if algorithmic management falters.
Inside the protocol, FLX plays a precise mechanical role as the recapitalization token and governance minimizer. When RAI’s collateral pool becomes undercapitalized, an autonomous auction mints new FLX and sells it for RAI to retire bad debt, diluting holders but preserving the system’s integrity; surplus periods trigger the opposite mechanic where protocol fees purchase and burn FLX, contracting supply. The token also confers voting power on proposals that systematically eliminate administrative oversight, enabling self-ungovernance.
Holding FLX grants the ability to vote on governance minimization proposals, shaping how residual admin keys are relinquished. During a debt auction, participants bid in RAI for newly minted FLX, providing a lender-of-last-resort backstop while acquiring tokens at a potential discount. Protocol buy-and-burn mechanics in surplus phases reward patient holders by reducing the outstanding token supply.
Reflexer Ungovernance Token has a maximum supply of 1,000,000 tokens. Currently, 826,070.03 FLX are in circulation. With a market capitalization of $1,751,527.00, Reflexer Ungovernance Token ranks #2,450 among all cryptocurrencies.
Reflexer Ungovernance Historical Price Data
| Date | Open | Close | High | Low |
|---|---|---|---|---|
| 12/06/2026 | $1.04 | $1.04 | $1.04 | $1.02 |
| 10/06/2026 | $1.02 | $1.02 | $1.02 | $1.01 |
| 09/06/2026 | $1.04 | $1.02 | $1.06 | $1.00 |
| 08/06/2026 | $1.04 | $1.04 | $1.06 | $1.02 |
| 07/06/2026 | $0.93 | $1.01 | $1.02 | $0.92 |
| 06/06/2026 | $0.82 | $0.93 | $0.96 | $0.82 |
Why is manual trading Reflexer Ungovernance a bad idea?
Manual flx trading
- Miss perfect entry/exit
- Emotional decisions
- Huge time to monitor
Stoic AI
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AI trades 24/7 automatically Catch every opportunity
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Zero-emotion algorithm Disciplined strategy
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Passive income Set & forget automation
20,000+
traders trusted Stoic AI
$200M+
in cumulative assets under management since inception
2015
year of company foundation
FAQ
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Reflexer Ungovernance (FLX) is a cryptocurrency that can be bought, sold, and traded on major exchanges. Its price changes in real time based on supply, demand, and broader market conditions. You can track the live FLX price, market cap, and 24-hour trading volume at the top of this page.
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The current price of Reflexer Ungovernance (FLX) is $1.028. Over the last 24 hours, it has moved -0.77%. Crypto prices update continuously, so short-term changes can happen quickly.
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You can buy Reflexer Ungovernance on major exchanges like Binance, Coinbase, or KuCoin. However, simply buying and holding can be risky due to market volatility.
The smartest way to manage your FLX investment is to connect your exchange account to Stoic AI. This allows you to keep funds on your preferred exchange while our institutional-grade algorithm automates the trading strategy for you, aiming to outperform manual trading. -
Reflexer Ungovernance's price is influenced by overall crypto market trends, trading volume, investor sentiment, regulatory news, and macroeconomic events. High volatility is common - FLX can move 5-15% in a single day. This makes timing the market extremely difficult for manual traders but creates opportunities for systematic, data-driven strategies.
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We can’t provide investment advice. Whether Reflexer Ungovernance is a good investment depends on your risk tolerance, time horizon, and strategy. Crypto markets are highly volatile and past performance doesn't guarantee future results. Many investors reduce risk by diversifying across multiple assets and using automated strategies that remove emotional decision-making. Always do your own research before investing.
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Common approaches include buy & hold, discretionary trading based on technical analysis, or automated strategies. Manual trading can be difficult due to fees, timing, and emotional decisions. Stoic AI offers an out-of-the-box automated approach: connect your exchange via trade-only API permissions, choose a strategy, and the system manages portfolio rebalancing 24/7.
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Stoic AI uses hedge fund-grade quantitative strategies developed by Cindicator, a fintech company with 9+ years of experience and $230M+ in assets under management. The algorithm analyzes price data, volatility, and correlations to build and rebalance a diversified portfolio. FLX can be included based on real-time market conditions. Over 18,000 customers already use Stoic AI to automate their crypto portfolios.
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With Stoic AI, your funds stay on your exchange (Binance, Coinbase, KuCoin, etc.) at all times. Stoic connects via read-and-trade-only API keys - it cannot withdraw your funds. The platform uses institutional-grade risk management and has been live-tested through multiple market cycles since 2020, including the 2022 crypto winter. You maintain full control and can disconnect at any time.
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You can start with as little as $500. There are no lock-ups and no hidden fees. You can try it now and withdraw your funds at any time. Create a Stoic account, connect your exchange using an API key with trading‑only permissions, choose a strategy, and start automated trading. You can stop anytime by revoking the API key on your exchange. Since the funds stay in your exchange wallet, you remain in control of deposits and withdrawals.
