Flare Network (FLR)

Basics

• Based in:
• Started in / Announced on: 2018
• Mainnet release: 10-1-2023
• A smart contracts and DApps layer which is launching on Layer One networks. First two are Ripple and Litecoin.

History

• Changed the token name from SPARK to FLR.

Token

Launch

• From The Defiant (12-1-2023):

"Flare Network airdropped 15% of its FLR token supply to XRP holders based on a snapshot taken on Dec. 12, 2020. The remaining tokens will be airdropped over the next 36 months."

This isn’t the first major airdrop from Flare — in September 2021, the organization announced an airdrop of 30% of the supply of Songbird tokens, the native asset of the blockchain network by the same name, to XRP holders. Songbird is a so-called “canary network,” meaning it’s to be used for testing."

• From this article (10-12-2020):

"The Flare Network is conducting the SPARK airdrop through a variety of large and small preselected exchanges. These include Binance, Coinbase, Bithumb, UpBit, and many more.

The Flare Network has been aggregating XRP-related data. And according to one Twitter user there are almost 100,000 individual accounts set up to receive the SPARK airdrop. Those accounts have over 21 billion XRP in total."

Technology

• Whitepaper can be found [insert here].
• Code can be viewed [insert here].
• Built on: Ripple and Litecoin (9-1-2021)

Transaction Details

• Capacity (TPS):
• Latency:

How it works

• From The Defiant (12-1-2023):

"Flare touts what the project calls a State Connector, which allows the blockchain’s smart contracts to process information from external sources like other chains and the broader web, as a key differentiator. At a high level, State Connectors perform a similar task as decentralized oracles, the most well-known provider of which is Chainlink."

• From this article (10-12-2020):

"Uses the Flare Consensus Mechanism. By integrating the Ethereum Virtual Machine in the Flare Network, XRP users will now be able to create and use Ethereum-based smart contracts and applications."

Roadmap

• Can be found [Insert link here].

Audits

• Bug bounty program can be found [insert here].

Coin Distribution

• From this article (10-12-2020):

"When categorizing the total airdrop percentage that users will receive, the top 15 biggest eligible XRP accounts will receive over 20% of the entire allocation. That amounts to over 1 billion SPARK. These accounts hold a minimum of 100,000,00 XRP, while the four biggest accounts hold a minimum of 500,000,000 XRP.:

Team, Funding, Partnerships, etc.

Team

• Full team can be found [here].

Funding

• From this article (10-12-2020):

"The Flare Network is a Ripple backed start up."