The current real-time price of FLR is $0.0110. In the past 24 hours, FLR has traded between $0.0110 and $0.0114, showing strong market activity. The all-time high of FLR is $0.1500, and the all-time low is $0.0082.
From a short-term perspective, the price change of FLR over the past 1 hour is , over the past 24 hours is --, and over the past 7 days is -1.86%. These figures provide a quick overview of the latest price trends and market dynamics of FLR on LBank.-2.96%
The live price of FLR today is $0.0110, with a current market cap of $918.291M. The 24-hour trading volume is 6M. The price of FLR to USD is updated in real time.
Before deciding whether to buy or sell FLR, you should first consider your own trading strategy. Long-term traders and short-term traders follow different trading approaches. LBank’s FLR technical analysis can provide you with trading references.
What will the value be? You can use our price prediction tool to conduct short-term and long-term price forecasts for FLR.
How much will FLR be worth tomorrow, next week, or next month in ? What about your FLR assets in 2025, 2026, 2027, 2028, or even 10 or 20 years from now? Check now! FLR Price Prediction
To learn more about FLR, consider exploring other resources such as the whitepaper, official website, and other published information:
Flare is a Layer-1 blockchain designed to enhance interoperability between various blockchain networks. It brings smart contract capabilities to blockchains that don't natively support them, such as XRP. As an EVM-compatible (Ethereum Virtual Machine) network, Flare can execute Turing-complete smart contracts. The native token of this network, essential for its operations and utility, is FLR.
The Flare Network operates using key features like the Flare Time Series Oracle (FTSO) and the State Connector. The FTSO provides decentralized price and data signals from off-chain assets to the Flare blockchain, incentivizing data providers. The State Connector achieves consensus on data from external blockchains, enabling smart contracts to react to real-world events. Flare is also transitioning to a Proof-of-Stake (PoS) consensus mechanism for network security.
The FLR token has several key functions within the Flare ecosystem: staking to validators for network security via Proof-of-Stake, incentivized delegation to the Flare Time Series Oracle (FTSO), and participation in network governance through voting on Flare Improvement Proposals (FIPs). It is also used to pay for transaction fees on the network, which are burned to prevent spam attacks, and plays a role in decentralized finance (DeFi) applications and staking strategies.
The initial FLR token distribution was primarily for XRP holders, based on a snapshot taken on December 12, 2020. For every 1.0000 XRP held, 1.0073 FLR was allocated. The first 15% of the total distribution was airdropped to eligible participants on January 9, 2023, marking the beginning of the token's availability to its initial community.
The remaining 85% of FLR tokens are being distributed in 36 monthly installments. The exact method of distribution depends on the outcome of a community vote on Flare Improvement Proposal 01 (FIP.01). If FIP.01 is accepted, these distributions are carried out on-chain and shared among wallets holding Wrapped FLR (WFLR). If FIP.01 is rejected, the same self-custody wallets and exchanges that received the initial airdrop would continue to receive monthly distributions directly.
Flare aims to address the fragmented nature of the crypto industry by enabling developers to create decentralized interoperability applications. This allows digital assets to function seamlessly across multiple ecosystems and brings smart contract capabilities to blockchains that currently lack them. Additionally, Flare seeks to reduce high transaction fees, making blockchain interactions more efficient and accessible for a wider range of users and applications.
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