
As of our last update, Flare Coin's market capitalization has been steadily fluctuating, reflecting the dynamic nature of the cryptocurrency market.
Flare Coin's market capitalization has been influenced by various factors, including its adoption rate and the overall market sentiment.
The trading volume of Flare Coin has also seen significant fluctuations, with periods of high trading activity often coinciding with market trends.
During peak trading periods, Flare Coin's trading volume has surpassed $1 million in a single day.
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What Is Flare Coin?
Flare Coin is a governance token that serves as the backbone of the Flare network, a decentralized system that works with the Ethereum Virtual Machine.
The team behind Flare and the FLR crypto token is anonymous, but they are a team of experienced software engineers, blockchain developers, and cryptocurrency enthusiasts.
Developers use the FLR coin to gain access to the smart contract services offered by the platform.
The platform's governance controls are held by the FLR token holders, who are the only ones able to participate in the decision-making process.
Staking rewards are given to node operators in Flare crypto coins, providing an incentive for them to keep the network secure.
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Token Details
The Flare token, FLR, is used for payments, transaction fees, and staking in validator nodes. It can also be wrapped into an ERC-20 variant, WFLR, which serves various functions.
Wrapped FLR, or WFLR, can be minted by depositing native FLR tokens into a smart contract and withdrawing the newly minted WFLR. This process allows for flexibility in using the tokens across different dapps and smart contracts.
FLR can be used in EVM-compatible dapps and smart contracts on Flare, and it's also used for governance, among other functions.
Token Details
The Flare token, FLR, is used for payments, transaction fees, and staking in validator nodes.
FLR can also be wrapped into an ERC-20 variant, WFLR, which serves various functions such as delegating to FTSO data providers or participating in governance.
Wrapped FLR (WFLR) can be minted by depositing native FLR tokens into a smart contract.
The total available supply of FLR at genesis was 100 billion, with 12 billion in circulation immediately after the public token distribution event.
A total of 28,524,921,372 FLR will be distributed to the community over 36 monthly installments.
Flare is an inflationary network, with 10% of the circulating supply minted in the first year to secure the decentralized provision of price data.
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Token Distribution Chart
The token distribution chart is a crucial aspect of understanding how FLR tokens are allocated.
The total supply of Flare tokens is around 100.5 billion FLR tokens.
Flare is an inflationary network, which means that 10% of the circulating supply is minted in year one. This freshly minted FLR is provided to Flare Time Series Oracle data providers, token holders that delegate to them, validators, and State Connector attestation providers.
The public token distribution continues for 36 monthly installments, providing a total of 28.5 billion FLR to the community.
Here's a breakdown of the token distribution chart:
Market Cap and Trading
Flare's Market Cap is a metric used to gauge the size of the project and its relative importance in the crypto market, calculated by multiplying all the tokens in circulation by the current price. It's a whopping $1.39B.
Market Cap is different from Fully Diluted Market Cap, which takes into account all the tokens including available for trading in the open market and the ones that are locked up or restricted. Flare's FDMC is a staggering $2.53B.
Flare's trading volume in the last 24 hours is a significant $4,757,534, indicating a decent level of liquidity.
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Market Cap
Market Cap is a metric used to gauge the size of a project and its relative importance in the crypto market. Calculated by multiplying all the tokens in circulation by the current price.
The current Market Cap for Flare is a staggering 1.3921675666.8516688. This is a significant indicator of the project's value and its place in the crypto market.
To put this number into perspective, consider the Initial Market Cap for Flare, which was $557M. This is the total value of available tokens in circulation at the time of the initial listing on a cryptocurrency exchange.
To get a more accurate picture of a project's value, it's essential to look beyond just the current Market Cap. You should also consider the project's liquidity and volume, which can give a larger picture of the project's value.
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Initial Market Cap
The initial market cap of a project is a crucial metric to understand its size and importance in the crypto market. It's calculated by multiplying the initial price of the token by the initial circulation of the token.
The initial market cap of Flare is $557M, which gives you an idea of its initial valuation. This metric is useful for gauging the project's size and relative importance at the initial stage of its life cycle.
It's also worth noting that the initial market cap is a benchmark to evaluate the token's performance over time. This means you can compare its current market cap to its initial market cap to see how it's grown or declined.
The initial market cap is different from the public price, which is the value of the token at the initial offering. The public price of Flare is not explicitly mentioned, but it's useful for traders and investors to gauge the advantage of the current value of an asset over the value offered to public investors.
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24 Hour Trading Volume
Let's take a closer look at the 24 hour trading volume of various cryptocurrencies. FLR has a trading volume of $4,757,534 in the last 24 hours.
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The trading volume gives us an idea of the market's liquidity and demand for a particular cryptocurrency. FLR's high trading volume suggests a significant amount of buying and selling activity.
A high trading volume can be a sign of a healthy and active market, but it's essential to consider other factors such as market capitalization and price stability.
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Atl
Atl is a crucial metric to understand in the crypto market. The All-Time Low (ATL) price is the lowest value a token has ever reached on a crypto exchange.
A token's ATL price can be a historical data point that helps gauge its performance over time. This can be used to make informed investment decisions.
The ATL price for Flare is $0.008274, which is a significant point of reference for investors.
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Current
The current price of Flare is constantly changing, influenced by market conditions, news, and trading activity. It's currently $0.02532.
To make informed decisions, traders and investors should keep an eye on the current market value of Flare. This value is available on crypto exchanges.
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The current price is just the last agreed price between a seller and a buyer, so it's essential to look at the current market cap, which is 1392167566.8516688. This gives a more comprehensive picture of Flare's value.
Flare's fully diluted market cap, also known as project valuation, is 2532065000.0. This is a good indicator of the project's value projection at the current price.
Flare's lowest price ever was $0.0083, reached on Oct 19, 2023, which is a significant drop from its current price.
What's the Highest?
Flare's highest price ever was $0.0797, reached on January 10, 2023.
This is a significant milestone for the cryptocurrency, but it's essential to consider the context of the market at the time.
Current Crypto Value
The current value of a crypto project is a crucial concept to understand before making any investment decisions. It's not just about the current price, but also about the project's market cap, liquidity, and volume.
Flare's current price is $0.02532, which is available on crypto exchanges and changes constantly due to market conditions, news, and trading activity.
To gauge the size of a project, market cap is a useful metric that calculates the current value of the project by multiplying all the tokens in circulation by the current price. For Flare, the market cap is 1392167566.8516688.
The current price is just the last agreed price between a seller and a buyer, so it's essential to look at the project's market cap and fully diluted market cap, also known as project valuation, to get a larger picture of the project's value. Flare's fully diluted market cap is 2532065000.0.
A high market cap doesn't necessarily mean a project is a good investment, but it can indicate its relative importance in the crypto market. For example, Flare's highest price ever was $0.0797, which was reached on Jan 10, 2023, two years and three days ago.
In the last 24 hours, Flare has a trading volume of $4,757,534, which can give you an idea of the project's liquidity and volume, another important factor to consider when evaluating its value.
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