Flare
FLR
$0.03

Sector

Interoperability

Exchange Debut

2023-01-10

Market Cap

1,185,864,923

Maxim Supply

∞

Circulating Supply

42,606,425,057

Circ. Supply(%)

∞
Flare

Flare

FLR

Price

$0.03

Market Cap

Sector

Exchange Debut

1,185,864,923
2023-01-10

Volume 24h

High 24h

Low 24h

23106276
0.029806856002
0.027077187233

Change 24h

Change 7d

Change 30d

0.6354
-2.1405
-0.5019

Maxim supply

Circulating supply

Circulating supply(%)

∞
42,606,425,057
∞

The opinion of artificial intelligence (AI), based on the fundamental analysis of the Flare cryptocurrency:

Flare (FLR) is an innovative blockchain project that leverages a unique set of interoperability protocols to provide decentralized access to data from other blockchains and the web. This EVM-based Layer 1 solution has a promising vision to enhance the utility of blockchain, making it more valuable for developers and users alike. However, the fundamental analysis of the Flare cryptocurrency yields a composite score of 6.85 out of 10, indicating a combination of strengths and areas for improvement.

SOCIAL & MASS MEDIA: Score 7.37 out of 10

Flare has demonstrated a strong ability to attract followers on its social media pages, reflected in the maximum score of 10 for this sub-criterion. The engagement levels of the administrators and community on these platforms are commendable but leave room for growth. With a notable presence in media and sizable communities in chat groups, the project maintains a healthy social image, which is crucial for its long-term sustainability and popularity.

AUDIT & SECURITY: Score 4.65 out of 10

The audit and security aspects of Flare show a mixed bag of results. The transparency of information available to the public and liquidity on exchanges both scored highly, reflecting a commitment to clarity and liquidity for the users. However, the lower score in the audits section suggests the need for improvement in this critical area of the project’s security measures.

TOKENOMICS: Score 4.425 out of 10

The token economy of Flare raises some concerns. An inflationary aspect and a somewhat centralized monetary mass both represent risks for potential investors. Further development in this area could improve the overall appeal of the project.

ECOSYSTEM DEVELOPMENT: Score 7.4 out of 10

The Flare project’s ecosystem development shows a promising path. With good scores in achievement of objectives and plans for future developments, the project appears to have a strategic vision for growth. Maintaining this momentum is key to its continued success.

TEAM & DEVELOPERS: Score 7.6 out of 10

The team behind Flare showcases strong experience, which is a positive indication of the project’s potential. However, a lower score for the number of software developers suggests the need for expansion in this area to ensure ongoing and robust product development.

PRODUCT & UTILITY: Score 7.74 out of 10

The utility of Flare’s product and tokens in the ecosystem is quite high. The product offers unique solutions that stand to benefit a larger group of users, while the tokens find their utility within the ecosystem, thus enhancing the project’s overall value proposition.

PARTNERS & INVESTORS: Score 8.25 out of 10

With a solid number of investors and quality partners, Flare seems to have secured a strong backing and network. This support could be instrumental in driving the project’s growth and success in the future.

Fundamental analysis of the Flare cryptocurrency – The final conclusion

Given these detailed insights from the fundamental analysis of the cryptocurrency Flare, it is evident that Flare exhibits a mix of strengths and opportunities for growth. The project excels in areas like social media engagement, ecosystem development, and partnerships. Its product utility and team experience also reflect a promising trajectory. However, certain areas like audit results and the token economy require further improvement.

From an investment perspective, while Flare has shown the ability to foster a healthy and growing community, the low scores in audit and tokenomics might raise concerns for potential investors. However, the strong backing from investors and partners, along with plans for future developments, might mitigate these risks. Therefore, it is recommended for investors to closely monitor these aspects while considering Flare for investment.

This comprehensive fundamental analysis of the Flare cryptocurrency thus provides a nuanced understanding of project’s potential and risks. As with any investment, a well-informed decision based on thorough research and due diligence is key. The Flare project demonstrates exciting promise in the ever-evolving cryptocurrency landscape with its unique interoperability protocols, though it should also be recognized that there are areas where improvements can be made.

While the team’s experience is noteworthy, it is crucial for Flare to expand its software development team to accommodate and propel future developments in the project. Similarly, attention must be given to improve the audit results and address the inflationary aspect of the token economy.

Overall, the fundamental analysis of the Flare cryptocurrency suggests that it is a project with considerable potential, backed by strong partnerships and an innovative vision. However, potential investors should approach with an understanding of the associated risks, especially concerning the project’s security and tokenomics.

In conclusion, the Flare project presents both opportunities for growth and challenges to overcome. It stands as a testament to the innovation in the crypto space, pushing the boundaries of blockchain utility and interoperability. As the project continues to evolve and address its areas of weakness, it holds potential for a successful future in the blockchain industry.

A captivating saga in the realm of digital currency unfolds around Flare (FLR), an Ethereum Virtual Machine (EVM)-based primary layer designed to amplify blockchain’s utility. Through its platform, Flare provides a decentralized avenue for developers to acquire high-integrity data from an assortment of chains and the internet. It ingeniously enables new avenues for revenue generation and diverse use cases, simultaneously empowering decentralized apps (dapps) to serve multiple chains via a single deployment.

The real power of Flare

The real power of Flare lies in its two novel native interoperability protocols that assist in acquiring on-chain, decentralized data from various blockchain, time series, and Web2 API sources. The security of these protocols is safeguarded by the network, encouraging decentralized, independent data providers to deliver precise data, thereby effectively mitigating risks for both users and developers.

Key elements

Key elements of these protocols include the State Connector and the Flare Time Series Oracle (FTSO). The State Connector allows the safe, scalable, and decentralized acquisition of event information from other blockchains and the web for use in Flare’s smart contracts. On the other hand, the FTSO leverages the network structure to provide highly decentralized prices and data series to dapps on Flare, eschewing dependence on centralized data providers.

The proprietary token of this ecosystem is FLR, a versatile utility token employed for payments, transaction fees, and staking in validator nodes. In addition, FLR can be transformed into an ERC-20 variant, the Wrapped FLR (WFLR), which holds a multitude of functions. It can be allocated to FTSO data providers, or used in governance, while remaining operational in other EVM-compatible dapps and smart contracts on Flare.

The brainchild of Hugo Philion, Sean Rowan, and Dr. Nairi Usher, Flare was born out of a shared passion for distributed systems and their potential applications while they were studying machine learning at University College London. For investors seeking a comprehensive Flare cryptocurrency investment analysis, understanding the technology and visionary founders behind it is fundamental.

This tale of a groundbreaking blockchain platform with its novel protocols, interoperability features, and multi-functional tokens, positions Flare (FLR) as a promising proposition in the digital currency landscape, a narrative worth keeping a close watch on.

Fundamental analysis of the Flare cryptocurrency

Flare - FLR performance

GENERAL CRITERIA:

Score

SOCIAL & MASS MEDIA
0
AUDIT & SECURITY
0
TOKENOMICS
0
ECOSYSTEM DEVELOPMENT
0
TEAM & DEVELOPERS
0
PRODUCT & UTILITY
0
PARTNERS & INVESTORS
0
Content description – Go to Metholodogy

Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.

Audit & Security In particular, the team looks if the project is audited, how extensive the audit is,  at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.

Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.

Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.

Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.

Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.

Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.

Go to Methodology

Content description

Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.

Audit & Security In particular, the team looks if the project is audited, how extensive the audit is,  at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.

Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.

Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.

Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.

Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.

Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.

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