Source: FLRUSDT Chart by TradingView
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.
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 WFLR.
Trustlessly purchasing an NFT on Flare using the token of a different blockchain.
Dubai, UAE, 23rd February, 2023, Chainwire — The layer-1 for data, Flare, just completed a live demonstration of new interoperability functionality now available in beta on the network.
Celsius gets approval to airdrop Flare tokens to eligible accounts
Celsius will distribute roughly 150 million FLR tokens to eligible creditors.
Flare token dumps 10% after Ripple CTO advises to sell
Following David Schwartz tweet, the FLR token dumped by roughly 10% to $0.04367 as of press time.
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