All about Flow token (FLOW)

What Is Flow?
Flow is a layer one blockchain designed from the ground up for consumer apps and the digital assets that power them. The network runs on a Proof of Stake consensus mechanism with a unique “multi-role” architecture that solves the blockchain trilemma, balancing scalability, efficiency, and cost.

FLOW is the native cryptocurrency of the Flow blockchain, designed specifically for consumer applications and digital assets. It is used for protocol-level fee payments, rewards, and staking transactions, incentivizing users who contribute to the network’s security and functionality.

FLOW ($FLOW) is the native utility token that is used for:

Fees for processing transactions and storing data.
Buying, selling, and trading assets on Flow
Staking and delegating to secure the network
Flow tools include:

Cadence, a purpose-built smart contract programming language designed for consumer-grade applications
Full EVM equivalence, allowing anything from Ethereum to work on Flow
Protocol-level account abstraction and mobile support for onboarding new users
Cross-chain interoperability with the wider web3 ecosystem
Developer hub with comprehensive documentation and tools
What Makes Flow Unique?
Flow allows for massive, mainstream scale experiences at a low cost.The only blockchain designed from the ground up for consumer applications, the Flow enables innovative applications that aren’t possible on other networks.

Consumer Focus: Over 45-million people have used a product on Flow, making it the home of consumer web3
Multi-Role Architecture: A unique approach that solves the blockchain trilemma without compromising decentralization
Brand Adoption: Trusted by major brands including NBA, NFL, Disney, Mattel, and LiveNation/Ticketmaster
Developer Experience: Features Cadence, a next-gen smart contract language, and supports Solidity with full EVM equivalence
Proven Track Record: Home to successful applications like NBA Top Shot, NFL ALL DAY, and Disney Pinnacle
The latest upgrade to Flow, Crescendo, launched on September 4th, 2024, bringing:

Full EVM equivalence for access to Ethereum’s liquidity and infrastructure
Major performance improvements, including forward compatibility
Enhanced developer tools and features
What Is The Technology Behind Flow?
Flow utilizes a Proof of Stake consensus mechanism with its innovative multi-role architecture. This design separates consensus nodes into distinct roles, each serving different purposes in the network’s operation. This approach enables high throughput without sacrificing security or decentralization. Node operators contributing to the network’s security and decentralization include Google Cloud, Coinbase, Ubisoft, T-Systems, and Samsung.

The architecture of Flow enables features like account linking, UI abstraction, and protocol-native account abstraction, enhancing user experience and security while integrating with existing applications and services.

Who Are The Founders of Flow?
Flow was designed by Dieter Shirley, the co-author of the ERC-721 standard (“the first NFT standard”) and co-creator of the industry’s first “killer app” (CryptoKitties) in 2017. In 2018, Dieter Shirley, Roham Gharegzelou, and Mikhael Naayem co-founded Dapper Labs following the viral success of CryptoKitties. In 2019, Flow was introduced in a white paper to enable the blockchain’s next wave of innovation. In 2020, Dapper Labs launched the Flow network, with NBA Top Shot becoming its first major success. In 2024, to ensure the Flow network’s long-term vision, the Flow Foundation was established as a decentralized non-profit and a separate entity from Dapper Labs.

What is the flow token?
The FLOW token is the native cryptocurrency of the Flow network. The token serves as a reward system for users contributing to the network’s security and maintenance. It is also used to pay transaction fees and store (digital) value.

Does flow coin have a future?

Our most recent Flow price forecast indicates that its value will increase by 13.46% and reach 0.907 by December 21, 2024. Our technical indicators signal about the Bearish Bullish 47% market sentiment on Flow, while the Fear & Greed Index is displaying a score of 75 (Greed).

Who is behind flow crypto?
Flow is the product of Dapper Labs, the company behind the CryptoKitties blockchain game. Led by founders Roham Gharegozlou, Dieter Shirley and Mikhael Naayem, the team developed Flow as a platform for blockchain-based games and digital collectibles.

How many flow tokens are there?
FLOW has a circulating supply of 1.55B coins and a max supply of 1.55B FLOW.

How to earn flow coin?
How to Get FLOW​ There are two ways to acquire FLOW Coins as yield: Earn FLOW as a Validator or Delegator: Receive newly-minted FLOW as a reward for running a node. Earn FLOW as a Community Contributor: Flow offers grants for selected proposals as well as RFPs for teams to submit proposals for funded development.

Is Flow built on Ethereum?
On the back of building the first massively popular blockchain game, Dapper Labs knew there needed to be an alternative to Ethereum for Web3 gaming to take off – so they created Flow.

Who invested in flow?
Andreessen Horowitz
Flow launched with significant backing from the venture capital firm Andreessen Horowitz, which invested $350 million in August 2022, valuing the company at over $1 billion. This funding made Flow a unicorn before it commenced operations.

When was Flow Coin launched?
In 2020, Dapper Labs launched the Flow network, with NBA Top Shot becoming its first major success. In 2024, to ensure the Flow network’s long-term vision, the Flow Foundation was established as a decentralized non-profit and a separate entity from Dapper Labs.

Is flow an erc20?
ERC-20 is the fungible token standard on Ethereum, and FungibleTokenis the comparable standard on the Flow blockchain. The FLOW network cryptocurrency is a fungible token that implements the Flow FungibleToken standard.