Spark (FLR) is the native token of the Flare network and is currently unavailable for purchase or trading. The design of the operations of the Flare network rewards participants who are active in the activities of the blockchain. At this time, investors can only keep their fingers crossed.įlare Network is a blockchain that allows other blockchains to improve participation from a grassroots level. There are rumors that FLR will be available for trading in 2022, and the crypto community awaits.

Crypto analysts and investors are optimistic about FLR’s future, as they believe that it would be a worthwhile investment. The first rollout of FLR will be via airdropping to eligible XRP holders and core participants of the Flare network. Although there are rumors that the token will likely go live in 2022. The current price of FLR is unavailable, as the token is not yet live. In addition, you can now send the token to your wallet pending when it will be live. This will enable you to use your BTC or ETH to purchase FLR. It is vital to have enough funds in your account to make the purchase seamless to complete this step.Īfter successfully buying BTC or ETH, you will search for FLR/BTC or FLR/ETH pairing on Bitrue. In most cases, you will need to verify this information.Īfter successfully logging in or signing up, you will then proceed to purchase Bitcoin or Ethereum. The process is relatively straightforward and you can complete it after supplying a few KYC details. If you are a new user, you will need to sign up. However, If you want to buy FLR on an exchange like Bitrue, you will follow the simple steps below Unfortunately, FLR is currently unavailable for trading or purchase. However, it is available on eToro and Bitrue. At the time of writing, Spark is not available for trading. The annual inflation rate of FLR is around 10%, and traders expect it to be distributed via the FTSO reward mechanism.

There is currently no maximum supply of the token. Flare will share the initial 100 billion tokens via airdrop to the Flare ecosystem and some XRP holders. The original minted supply of FLR is 100 Billion tokens, with a 3% increment yearly. However, to participate in activities such as FTSO, holders will be required to pay a small fee. Token holders can participate in FTSO by providing price data feeds to signal providers on Flare. FLR holders can vote on proposals that influence f-asset collateral ratio, inflation rate, and network gas fees. It is a unique asset that empowers its users to contribute to the Flare ecosystem and participate in FTSO. Spark (FLR) is the native and governance token of the Flare Blockchain. Fortunately, there is no limit to user participation on Flare and no hindrance to how many rewards one can earn. The digital assets minted on Flare are XRP, Litecoin, Dogecoin, and Stellar, with more set to come. Alternatively, originators must also give the assets minted on Flare as F-Assets. The role of Agents is to provide FLR collateral for the asses represented on-chain. Agents and Originators are the major participants of the decentralized system. The F-Asset System is a borderless decentralized exchange (DEX) that allows value from other Blockchains to represent Flare. Participants must participate in FTSO, F-Assets system, and the minting of F-Assets.

Spark token price