Flare Network Price (FLR)

Flare is a layer-1 EVM blockchain that has 2 core protocols, the State Connector and Flare Time Series Oracle (FTSO). These protocols allow developers to create an ecosystem of robust and decentralized interoperability applications.

Key features of Flare:

• Reliable decentralized prices. The FTSO utilizes the network structure to deliver highly decentralized prices and data series to dapps on Flare, without relying on centralized providers
• Secure state acquisition from other blockchains. The State Connector allows information from other chains to be securely and trustlessly used on Flare
• Scalable EVM-based smart contracts. Flare’s scalable EVM allows existing EVM tooling and Solidity to be used to launch any existing or envisaged EVM dapp on Flare
• Fast, low fee and low carbon. Flare’s next generation technology brings fast, secure and efficient transactions with very low gas fees and a small carbon footprint.

Flare (FLR) is the network token and will provide support for several functions:

• Incentivized delegation to the Flare Time Series Oracle (FTSO) to support the provision of reliable decentralized price data
• Collateral within third party decentralized applications built on Flare blockchains (cross-chain or solely native)
• Participation within network governance
• Transaction fees in order to prevent spam attacks.

58.3% of the genesis Flare supply is allocated to the community via:

• The public token distribution
• Cross-chain incentives
• The Ecosystem Support Program.