FLRFLARE (FLR) Price

1. Project introduction

Flare is a blockchain built to connect everything. It presents developers with a simple and coherent stack for interoperability:

(1) Scalable EVM-based smart contracts.

(2) Highly decentralized price feeds.

(3) Secure state acquisition from other blockchains via the consensus protocol purpose built for external data.

(4) Fast, decentralized, insured and multilateral smart contract token bridging that handles the risk of crossing zones of sovereignty and unifies rather than fragments liquidity.

(5) Non-smart contract token bridging that enables tokens like BTC, XRP, DOGE and others to participate in DeFi on Flare and bridge to other chains.

(6) Secured data relay giving decentralized applications access to the value, liquidity and information of multiple blockchains.

(6) Horizontal scaling through a fully interoperable multi-chain ecosystem.

This allows developers to build applications that capture the largest possible addressable market, serving multiple communities and ecosystems simultaneously through a single deployment. By securely connecting blockchains and real world data, Flare creates a decentralized solution to scale Web3.

2. Team introduction

Co-Founder & CEO: Hugo Philion

Co-Founder & CTO: Sean Rowan

Co-Founder & Chief Scientist: Dr. Nairi Usher

3. Investment institution

Digital Currency Group, Kenetic Capital, Coinfund, LD Capital, cFund, Wave Financial, Borderless Capital, Backend Capital

4. Application and distribution

Token application:

Flare (FLR) is the network token and will provide support for each of these functions:

(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.

Community FLR allocation: 58.3%

Team, advisors & backers: 19.2%

Flare entities: 22.5%