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Flare (FLR) is now available for trading


By Bitpanda

Flare (FLR) is now available for trading

The wait is over. You can now invest and trade with Flare. And any users who held XRP as a standalone asset or with BCI5/BCI10/BCI25 on Bitpanda or Bitpanda Pro on 12/12/2020, 00:00 AM (UTC) were eligible for the airdrop.

A big Bitpanda welcome to Flare

How time flies. It was way back in 2020 when we first discussed Flare (formerly known as Spark). But good things come to those who wait and we’re excited to announce that Flare is now available to invest in and trade with. 

What is Flare? 

Flare securely connects blockchains and real world data, creating a decentralised solution to scale Web3. It does this through a blockchain that’s been built to give developers a simple and coherent stack for interoperability. Developers can build applications to capture the largest possible markets, while serving multiple communities and ecosystems through a single deployment. 

What can Flare do? 

Flare has big plans and values simplicity to allow for wide adoption by developers. Just some of the applications include: 

  • Building on multiple ecosystems
    Flare lets developers build interoperable dapps, or use Flare for trustless access to the information and liquidity of multiple chains.

  • Powerful interoperability
    Flare’s State Connector is the first consensus protocol built to acquire external blockchain data. It allows information from other chains to be securely used on Flare.

  • Decentralised prices
    Flare’s Time Series Oracle acquires time series data without relying on a centralised set of providers. It uses the network structure to deliver reliable and decentralised data to applications on Flare.

  • Trustless, multilateral, insured bridging
    Flare’s Layer Cake provides security, speed and scalability when bridging between smart contract networks. It addresses the core vulnerabilities of existing approaches and handles the risk of crossing zones of sovereignty.

The Flare airdrop 

People who were eligible have now received 15% of the initial airdrop. The amount you received depended on the amount of XRP holdings recorded on Bitpanda on December 12, 2020. The final 85% of the airdrop is set to be distributed by Flare over the next three years, depending on a community vote. Read more in our helpdesk article.

The information shared in this article does not constitute investment advice. Investing carries risks. Conduct your own research before concluding a transaction.