About Flare Coin
Flare is an EVM-based Layer 1 blockchain designed to allow developers to build applications that are interoperable with blockchains and the internet. By providing decentralized access to high-integrity data, Flare enables new use cases and monetisation models.
Flare Coin Basic Point Table
| Coin Basic | Information |
|---|---|
| Coin Name | Flare |
| Short Name | FLR |
| Circulating Supply | 11,999,991,148 FLR |
| Max Supply | N/A |
| Source Code | Click Here To View Source Code |
| Explorers | Click Here To View Explorers |
| Twitter Page | Click Here To Visit Twitter Group |
| Whitepaper | Click Here To View |
| Support | 24/7 |
| Official Project Website | Click Here To Visit Project Website |
FLR Price Live Data
The live Flare price today is $0.033120 USD with a 24-hour trading volume of $7,556,032 USD. They update FLR to USD price in real-time. Flare is up 2.52% in the last 24 hours. The current CoinMarketCap ranking is #94, with a live market cap of $397,444,024 USD. It has a circulating supply of 11,999,991,148 FLR coins and the max. supply is not available.
What Makes Flare Unique?
Flare’s native interoperability protocols, the State Connector and the FTSO are secured by the network itself, allowing it to reliably deliver data from a wide variety of off-chain sources in a decentralized way.
The Flare Time Series Oracle delivers highly-decentralized price and data feeds to dapps on Flare, without relying on centralized providers. The State Connector protocols enable information, both from other blockchains and the internet to be used securely, scalably and trustlessly with smart contracts on Flare.
Risk is minimized by building this decentralized data infrastructure natively into the blockchain, powered by a large number of independent data providers. By incentivizing sets of independent providers to query, acquire, and process data without relying on single, centralized sources, Flare’s core protocols can facilitate the development of interoperable dapps with a broad range of potential innovative use cases.
What is the Flare (FLR) token used for?
FLR is the native token used for payments, transaction fees to prevent spam attacks and staking in validator nodes. FLR can also be wrapped into an ERC-20 variant, WFLR. WFLR tokens serve various functions; they can be delegated to FTSO data providers, for example, or staked to participate in governance. These two uses are not mutually exclusive and do not prevent the tokens from being used in other EVM-compatible dapps and smart contracts on Flare.
How Many FLR tokens are in Circulation?
Genesis of Flare mainnet occurred on 14 July 2022, followed by the public token distribution event (TDE) on 9 January 2023. Total available supply at genesis was 100 billion FLR, of which 12 billion FLR were in circulation immediately after TDE. The public token distribution continues for 36 monthly installments providing a total of 28,524,921,372 FLR to the community.
Flare is an inflationary network with 10% of circulating supply minted in year 1. These freshly minted FLR are provided to Flare Time Series Oracle data providers and the token holders that delegate to them (70%) to secure the decentralized provision of price data to the network, validators (20%) and State Connector attestation providers (10%).
Features Flare Coin
Unleash the full Potential of Blockchain
Use Flare’s robust interoperability and pricing protocols together with scalable EVM based smart contracts to expand the reach and value of your product. Build on Flare with more data than ever before, or build with Flare to serve multiple ecosystems.
Flare Time Series Oracle Decentralized prices
Acquire decentralized time series data. The FTSO is an oracle network that delivers reliable and decentralized data to applications on Flare.
State Connector Robust interoperability
The State Connector enables secure and decentralized data acquisition from external blockchains and the internet.
Team ‘Name Flare Coin
Where Can You Buy Flare Coin ?
Tokens Can Be Purchased On Most Exchanges. One Choice To Trade Is On PancakeSwap (V2), As It Has The Highest WBNB/WAIFU. e Trading Volume, $8,947 As Of February 2021. Next is OKEx, With A Trading Volume Of $6,180,82. Other option To Trade Include WBNB/WAIFU And Huobi Global. Of Course, It Is Important To Note That Investing In Cryptocurrency Comes With A Risk, Just Like Any Other Investment Opportunity.
Market Screenshot
What is Flare Coin
Flare Coin is a cryptocurrency that operates on the Flare Network, which is a smart contract platform that aims to bring interoperability between different blockchain networks.
How does Flare Network work?
The Flare Network uses a unique consensus mechanism called the Federated Byzantine Agreement (FBA), which allows for fast and secure transactions. The FBA consensus mechanism uses a group of trusted nodes to validate transactions and ensure network security.
What is the purpose of Flare Coin?
Flare Coin serves as the native cryptocurrency of the Flare Network and is used to pay for transaction fees, smart contract execution fees, and other network services. It also serves as a governance token, allowing holders to participate in network governance and decision-making.
How can I buy Flare Coin?
Flare Coin can be purchased on various cryptocurrency exchanges, including Binance, Bitrue, and Uphold. It is recommended that you do your own research and choose a reputable exchange to purchase Flare Coin.
