Flare

What is Flare (FLR)?

Flare is a Layer 1 blockchain designed to provide decentralized access to high-integrity data for various applications, including DeFi, social networks, and real-world assets. It leverages the Ethereum Virtual Machine (EVM) to build interoperable applications that integrate with multiple blockchains and the Internet.

What Problem Does Flare (FLR) Solve?

Flare addresses:

• Data Integrity: Provides decentralized and secure access to high-quality data.
• Interoperability: Enables seamless integration of multiple blockchains and internet-based data.
• Scalability: Supports scalable applications through its Layer 1 infrastructure.

Why Does the Crypto Market Need Flare (FLR)?

Flare benefits the crypto market by:

• Enhanced Data Access: Offers decentralized data infrastructure for dApps.
• Interoperable Solutions: Facilitates cross-chain applications.
• Improved Security: Ensures data integrity and security through decentralized mechanisms.

History & Achievements

Flare has gained significant attention for its unique approach to integrating blockchain data with real-world data sources. It has formed strategic partnerships and continues to develop its ecosystem, attracting developers and users alike.

Who Created Flare (FLR)?

Flare was founded by Hugo Philion, Sean Rowan, and Nairi Usher. The team comprises experts in blockchain technology, cryptography, and decentralized systems.

What Technology Does Flare (FLR) Use and How Does it Work?

Flare uses:

• Ethereum Virtual Machine (EVM): For executing smart contracts.
• State Connector: Delivers static data from other blockchains and the Internet.
• Flare Time Series Oracle (FTSO): Provides dynamic data like price feeds.
• FAssets System: Enables non-smart contract tokens to interact with Flare smart contracts.
• LayerCake: A bridging system for smart contract networks.

What Affects Flare (FLR) Price?

Factors influencing FLR price:

• Market Sentiment: News and developments.
• Platform Adoption: Increased use and integration.
• Technological Advancements: Upgrades and partnerships.
• Regulatory Changes: Cryptocurrency regulations.

How Many Tokens of Flare (FLR) Are in Circulation?

There are approximately 43,007,308,510 FLR tokens in circulation out of a total supply of 102,311,759,429 tokens.

What is the Maximum Supply of Flare (FLR)?

Flare does not have a capped maximum supply, allowing for inflationary mechanisms as determined by the network.

What is Flare (FLR) Utility?

FLR tokens are used for:

• Transaction Fees: To prevent spam attacks and facilitate transactions within the Flare network.
• Staking: To secure the network and participate in governance.
• Governance: Voting on protocol upgrades and changes.

Tokenomics of Flare (FLR)

Flare’s tokenomics include:

• Staking and Rewards: Incentives for staking and securing the network.
• Incentives: User participation rewards.
• No Supply Cap: An uncapped maximum supply allows for flexibility in inflation.

What is the All-Time High and All-Time Low for Flare (FLR)?

• All-Time High: $0.1501 on January 10, 2023
• All-Time Low: $0.008274 on October 19, 2023

Where to Buy Flare (FLR)?

FLR tokens can be purchased on various major cryptocurrency exchanges, including:

• Gate.io: The most active trading pair FLR/USDT.
• Crypto.com Exchange
• Kraken
• KuCoin
• OKX
• Coinbase Exchange
• DigiFinex
• BingX

Who Invested in Flare (FLR) at an Early Stage?

Details on early-stage investors in Flare are limited. The project has garnered interest from various investors in the blockchain and data integration sectors.

What Are the Revenue Streams of Flare (FLR)?

Flare’s revenue streams include:

• Transaction Fees: From transactions within the Flare network.
• Staking Rewards: From staking FLR tokens.
• Partnerships and Collaborations: Revenue from integrations with other projects and data providers.