Rank #85
flr Flare
$ 0.01811
0.00%
0.061908 BTC
19 satoshies0.00%
Market Cap
1,14 BN. $
24 Hour Trading Vol
44,04 MLN. $
Circulating Supply
63,20 BN.
Total Supply
103,37 BN.
Max Supply
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Fully Diluted Valuation
1,87 BN. $
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About Coin
Flare is a blockchain for building applications that are interoperable with other blockchains and the internet.
## What is Flare (FLR)?
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.
## 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.
Wrapped FLR (WFLR) can be minted by depositing native FLR tokens into a smart contract and withdrawing the newly minted
Where is Flare available for purchase?
You can exchange FLR tokens on both decentralized and centralized crypto platforms. The favored choice for purchasing and trading Flare is Gate.io, notably the FLR/USDT pair, which saw a trading volume of $ 9,46 MLN. in the past day. Additionally, BtcTurk | Kripto and OKX are popular alternatives for trading tokens.
What is the highest value Flare (FLR) has ever reached?
Flare (FLR) reached its peak price at 0.15 $ on 10 January 2023, approximately 2 years ago ago. Presently, the current price is -87.93% lower than this all-time high.
What is the historical minimum price for Flare (FLR)?
The minimum price reached for Flare (FLR) was 0.008274 $, documented on 19 October 2023, more than 2 years ago. In comparison, the current price is 118.91%, it above this historical low.
What is the fully diluted valuation of Flare (FLR)?
The fully diluted valuation (FDV) of Flare (FLR) stands at $ 1,87 BN.. This figure reflects the maximum potential market capitalization, considering that the current circulating supply is at its maximum of FLR tokens. The realization of this FDV might take several years depending on the emission schedule of FLR tokens.
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