Should You Invest In Flare?

The Flare altcoin is the native token of the Flare network, a distributed network running the Avalanche consensus protocol. The coin leverages the Ethereum Virtual Machine, allowing the network to deploy existing Ethereum applications on Flare. The token was created to secure the issuance of FXRP on Flare, and will also serve to generate data on the Flare network through an oracle system. Flare will also offer smart contract functionality to XRP, but on a separate blockchain. Trading under the symbol FLR, the coin launched in 2020. Of the 100 billion Flare tokens issued, 45 billion were claimable by those already holding XRP. Customers in eligible regions holding XRP on a ‘snapshot’ date of December 12, 2020, at 00:00 UTC, were deemed automatically qualified to participate in the initial launch, receiving 1 Flare token for each XRP held at the time. Diversify your trading portfolio by investing in cryptocurrencies like FLR on the eToro platform.