So, what is the FLR token? The Flare token (FLR) is the native token of the Flare crypto ecosystem. It was previously known as the Spark token. However, the token was renamed following an October 2022 announcement. Like many other native tokens, the FLR token is used to interact with smart contracts and pay transaction fees.
What is the Flame Token?
The Flare token has the ticker FLR and is available for purchase and trade on multiple centralized and decentralized exchanges . There are 100 billion FLR tokens available to distribute among the network’s key stakeholders. 58% of the tokens will go to the Flare community via airdrops.
What questions do you have about the flame (FLR) token distribution event?
Sign or derivation path is unusual Here you will find all the answers to the most common questions regarding the Flare (FLR) token distribution event. Am I eligible to receive the Flare distribution? Will Flare (FLR) accounts be supported by Ledger Live? Where will my Flare tokens be distributed? How many Flare tokens can I expect to receive?
What is the FLR token used for?
Like many other native tokens, the FLR token is used to interact with smart contracts and pay transaction fees. Also, users can wrap FLR into WFLR, which allows the asset to be used for oracle delegation and as collateral in various decentralized finance (DeFi) protocols.
