Flare Network Price (FLR)

Flare Network (FLR) Price Now

Flare Network price today is $0.0425 with a 24-hour trading volume of $10,474,041. FLR price is up 2.74% in the last 24 hours. It has a circulating supply of 12Bil FLR coins and a max supply of 100Bil. In order to explore addresses and transactions, you may use block explorers such as

• flare-explorer.flare.network

What Is Flare Network(FLR)?

The Flare Network is a distributed network running the Avalanche consensus protocol adapted to Federated Byzantine Agreement and leveraging the Ethereum Virtual Machine. It can thus be leveraged as a scaling method for smart contract networks without relying on economic safety mechanisms. The absence of a link between network safety and the native token, the Spark, allows for greater flexibility as to how the native token can be used. The Spark Dependant Application model provides a blueprint for building applications on the Flare Network.

Flare Network has raised $11.3m in Funding Round With Kenetic and DCG on Jun 8, 2021. The funding will go towards advancing Flare's mission to bring smart contract functionality to blockchains that don't natively support them.

About Flare Mainnet(FLR)

Network Name: Flare Mainnet

• WebSite:  https://flare.xyz
• ChainID:   14
• NetworkID:   14
• Symbol:   FLR

Flare Mainnet(FLR) Blockchain Explorer

• https://flare-explorer.flare.network/

Flare Mainnet(FLR) RPC

• https://flare-api.flare.network/ext/C/rpc

What is the Utility of FLR Token?

1. Incentivized delegation to the Flare Time Series Oracle (FTSO) to support the provision of reliable decentralized price data.
2. Collateral within Flare’s bridging applications, FAssets and Layer Cake, by operating as an Agent or Bandwidth Provider, respectively.
3. Collateral for securing Data Relay.
4. Collateral within third party decentralized applications built on Flare blockchains (cross-chain or solely native).
5. Participation within network governance.
6. Transaction fees in order to prevent spam attacks.

Who is the Foudner of Flare Network?

Flare Network is co-founded by Hugo Philion, Sean Rowan, and Dr. Nairi Usher

Am I eligible for rewards?

If you have delegated vote power in the snapshot block of a reward epoch, and this reward epoch was finalized, you should be eligible to claim some rewards.

How do I see how much reward I can claim?

This depends on the wallet you are using. See wallets section to find more information and see the FAQ below for Metamask users.

Flare Network (FLR) Community

• Twitter: https://twitter.com/FlareNetworks
• Discord: https://discord.gg/XqNa7Rq
• Reddit: https://www.reddit.com/r/FlareNetworks/
• Medium: https://medium.com/flarenetwork
• Telegram: https://t.me/FlareNetwork