The Flare token (FLR) is the native currency of the Flare network. It can be used to pay for transaction fees and prevent attacks on the network. The token, which was initially named Spark token, was introduced in January of 2023 after a two year delay, by being airdropped to everyone who was an XRP-holder in 2020 during the initial announcement.More
In the two years people waited for the airdrop, Flare has moved from a DeFi application using XRP tokens to a Layer 1 EVM blockchain. This means that the Flare token can now be used to make transactions on your own network, thereby also contributing to reducing spam transactions. In addition, it is possible to stake FLR.More
It is possible to buy the Flare token (FLR) through a crypto exchange like Coinmerce. Within a few clicks you can safely and quickly buy the tokens with a bank transfer.More
You want to buy FLARE? You can buy Flare using Creditcard or SEPA at Coinmerce. Once you are logged in, you will see "Coins" in the top menu where you click on. Now you come to a page with all crypto coins that Coinmerce offers. If you don't see Flare, use the search function to search for Flare and click on the name. You can indicate for how many euros you want to buy Flare in the right window. Below is shown how much Flare you get for this. Have you entered the correct amount? Then click on "Buy". You can also execute a "Stop limit order" at Coinmerce. Our system will automatically buy Flare when its price reaches your entered value. You can also execute a repeating order. Do you want to buy Flare with another crypto currency? Then you go to the cryptocurrency you want to pay with and click on "Swap" in the right window to indicate that you want to receive Flare.
The Flare project was founded by Hugo Philion (CEO), Sean Rowan (CTO) and Dr Nairi Usher (Chief Scientist). They met while studying Machine Learning at University College London, where they discovered that they had a common interest in distributed systems and all possible applications. The Flare network was founded in 2020 to connect the XRP ledger to Ethereum and thus enable smart contracts. XRP holders can create a synthetic version of XRP (FXRP) and then use it on Ethereum. For example, it should become possible to use smart contracts with XRP as well. Flare therefore wanted to airdrop 15% of the Flare tokens to all XRP holders to introduce the token. They finally succeeded in doing this in January 2023. In the meantime, the Flare network has been developed into a Layer-1 EVM blockchain. With this blockchain it’s possible to build decentralized applications that are interoperable with other blockchains. The Flare network strives to build a bridge between all the various blockchains in order to connect everything and everyone.