Flare TokenPrice(1FLR)
Details Flare Token (1FLR) Price information (USD)
The current real-time price of 1FLR is $0.0{5}2030. In the past 24 hours, 1FLR has traded between $0.0{5}2010 and $0.0{5}2060, showing strong market activity. The all-time high of 1FLR is $0.0026, and the all-time low is $0.0{6}9806.
From a short-term perspective, the price change of 1FLR over the past 1 hour is
Flare Token (1FLR) Market Information
Flare Token (1FLR) Today's Price
The live price of 1FLR today is $0.0{5}2030, with a current market cap of $8,120. The 24-hour trading volume is 730.17. The price of 1FLR to USD is updated in real time.
Flare Token (1FLR) Price History (USD)
No data
What is FLARE TOKEN (1FLR)?
When is the right time to buy 1FLR? Should I buy or sell 1FLR now?
Before deciding whether to buy or sell 1FLR, you should first consider your own trading strategy. Long-term traders and short-term traders follow different trading approaches. LBank’s 1FLR technical analysis can provide you with trading references.
Future price trend of 1FLR
What will the value be? You can use our price prediction tool to conduct short-term and long-term price forecasts for 1FLR.
How much will 1FLR be worth tomorrow, next week, or next month in ? What about your 1FLR assets in 2025, 2026, 2027, 2028, or even 10 or 20 years from now? Check now! 1FLR Price Prediction
How to buy FLARE TOKEN (1FLR)
Convert 1FLR to local currency
1FLR Resources
To learn more about 1FLR, consider exploring other resources such as the whitepaper, official website, and other published information:
Top 5 addresses | Holding amount | Holding ratio | |
|---|---|---|---|
polygon-pos | 0x0a2c...01a9cc  | 317.421M | 7.94% |
polygon-pos | 0x8da5...bf2afe | 285.393M | 7.13% |
polygon-pos | 0xe1ef...579690 | 250.000M | 6.25% |
polygon-pos | 0xf146...737ab2 | 196.352M | 4.91% |
polygon-pos | 0x08be...d21350 | 194.931M | 4.87% |
Other | 2.755B | 68.9% |
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FLARE TOKEN (1FLR) FAQ
What is the Flare Network and its native token, 1FLR?
The Flare Network is an interoperable, Layer-1 Proof-of-Stake (PoS) blockchain that is compatible with the Ethereum Virtual Machine (EVM). Its primary goal is to provide developers with decentralized access to high-integrity data from other blockchains and the internet. This enhances the utility of various cryptocurrencies by enabling smart contract functionality, even for chains that don't natively support them, like XRP. 1FLR is the native utility token of the Flare Network.
What are the primary functions and use cases of the 1FLR token within the Flare ecosystem?
The 1FLR token serves several key functions: It's used for payments, staking and delegation to secure the network and support data providers for the Flare Time Series Oracle (FTSO). 1FLR also pays transaction fees, which are burned. Holders can participate in network governance by voting on proposals. It acts as collateral within third-party Decentralized Applications (DApps) and can be used in the PipeFlare ecosystem for in-game purchases, memberships, NFTs, and developer rewards.
Where and how can users acquire Flare Token (1FLR)?
1FLR can be purchased on various cryptocurrency exchanges. For instance, you can find it on LBank. Depending on the exchange, you can typically use stablecoins, credit/debit cards, or bank transfers to acquire 1FLR.
Can you explain the 1FLR token airdrop and its distribution mechanism?
The Flare Network conducted an initial airdrop of 1FLR tokens to eligible XRP holders based on a snapshot taken on December 12, 2020. The first 15% of the total distribution was airdropped on January 9, 2023. The remaining 85% of the tokens are being distributed monthly over 36 installments to users who have wrapped their 1FLR into Wrapped Flare (WFLR).
What is Wrapped Flare (WFLR), and why is it crucial for network participation?
WFLR is an ERC-20 variant of the native 1FLR token. It is essential for users who wish to participate in key network activities. To engage in functions such as staking, governance voting, and delegation to data providers, users must convert their 1FLR tokens into WFLR. This wrapping process involves locking 1FLR in a smart contract to receive an equivalent amount of WFLR.
What are the core technological features that define the Flare Network?
Flare Network's key features, designed for interoperability and data access, include: the Flare State Connector Protocol for secure cross-chain information transfer, the Flare Time-Series Oracle (FTSO) for decentralized price and time-series data, and Layer Cake, Flare's bridging system with an insurance mechanism. It also boasts EVM compatibility for existing Ethereum applications and a Turing-complete FBA network for complex smart contract execution.
