Alternatively, holders can delegate their FLR to a data provider to earn a portion of the generated rewards.įlare also features the State Connector, which is a protocol for acquiring data from external blockchains and using it on Flare. FLR token holders can provide data to the FTSO, and receive “oracle rewards” if they provide quality data.
#Flare token series#
To obtain off-chain information such as prices of cryptocurrencies on various centralized exchanges, the Flare Network utilizes the Flare Time Series Oracle (FTSO). Here are all the different assets for which Flare plans to offer the corresponding FAssets: For example, the BTC equivalent on Flare would be called FBTC, the XRP equivalent would be called FXRP, and so on. This can open up exciting new decentralized finance opportunities for holders of coins such as Bitcoin, XRP, Litecoin and Stellar.įlare achieves this through FAssets, which are representations of coins on other blockchains.
Notably, the FLR token is not used in the Flare Network’s consensus process. In return, holders of the Flare cryptocurrency receive an “oracle reward”. For example, the FTSO brings information about a token’s price to the Flare Network. The token is also required for contributing to the Flare Time Series Oracle (FTSO), which brings data from outside the Flare Network into the network. Previously, the token was known as Spark Token.įLR token holders can participate in the governance of Flare Network. The network’s native asset is called Flare, and has the ticker FLR. Flare also aims to support other crypto assets that don’t have their own smart contracts, for example Bitcoin, Stellar and Litecoin. These FXRP tokens could then be deployed in decentralized finance applications, which wouldn’t be possible on the XRP Ledger itself. The Flare price prediction sentiment is currently bearish, while Fear & Greed Index is showing 60 (Greed).įlare's current circulating supply is 14.64B FLR.įlare Network is a blockchain project that aims to bring smart contract functionality to crypto assets which are issued on blockchains that don’t support Turing-complete smart contracts.įor example, holders of XRP would be able to “bridge” their coins over to Flare Network, where they would be represented with FXRP. The highest FLR price since the last cycle low was $ 0.044169 (cycle high). The lowest price since it's ATH was $ 0.024344 (cycle low). The FLR price decreased -1.72% in the last 24 hours.įlare reached its highest price on when it was trading at its all-time high of $ 0.702240, while Flare's lowest price was recorded on when it was trading at its all-time low of $ 0.024344.
Flare price today is $ 0.028621 with a 24-hour trading volume of $ 11.40M, market cap of $ 419.02M, and market dominance of 0.04%.
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