Flare Network (FLR)

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Basics

History

  • Changed the token name from SPARK to FLR.

Token

Launch

"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."

"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."

Token allocation

Utility

Token Details

Stablecoin

Technology

Transaction Details

How it works

"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."

"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."

Mining

Staking

Liquidity Mining

Layer Two

Different Implementations

Interoperability

Other Details

Privacy Method being used

Compliance

Oracle Method being used

Their Other Projects

DEX

Governance

DAO

Treasury

Upgrades

Roadmap

  • Can be found [Insert link here].

Audits

Bugs/Hacks

Usage

Projects that use or built on it

Competition

Coin Distribution

"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.:

Pros and Cons

Pros

Cons

Team, Funding, Partnerships, etc.

Team

  • Full team can be found [here].

Funding

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

Partners