
Flare (FLR) is a general-purpose crypto-currency used on the Flare network, a Layer 1 blockchain that prioritizes blockchain interoperability and smart contract capabilities. The FLR is used for a variety of purposes, including voting, staking, wrapping other tokens and encouraging network participation through the Flare Time Series Oracle (FTSO). The token is designed to be distributed via the FTSO, with a proposed inflation rate adjustment to ensure a sustainable token economy.
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