Will Flare Network’s Native Token Spark (FLR) Blast In 2022?

The emergence of the crypto industry is becoming huge day by day and it seems to be a never-ending growth. Since the creation of Bitcoin, the cryptocurrency community has witnessed massive adoption and popularity within a decade. However, blockchain technology has played a major role in terms of crypto expansion.

Significantly, there are several potential cryptocurrencies that are ready to fly in 2022. Similarly, Flares network’s native token Spark (FLR) is one token that has a chance of achieving great heights in 2022. 

Additionally, Flare Network is a blockchain built for other blockchains to increase grassroots engagement. The Blockchain network is the first blockchain to build a Federated Byzantine Agreement that is Turing complete (FBA). The native token FLR holders can participate in Flare Time Series Oracle (FTSO), not governance and payment of gas fees. These participants can also earn rewards for offering accurate price feeds.

Will SPARK Sparkle?

This cryptocurrency FLR allows users to contribute to the Flare ecosystem and take part in FTSO. Moreover, the holders have the opportunity to vote on proposals affecting the f-asset collateral ratio, inflation rate, and network gas prices. Token holders can join FTSO by submitting price data feeds to Flare signal providers. Holders will be required to pay a nominal charge to participate in events such as FTSO. 

Notably, FLR is currently unavailable for trading. The original minted supply of FLR tokens is 100 billion, with a 3% annual increase. In addition, the first 100 billion tokens will be sold via airdrop to the Flare ecosystem and certain XRP holders. The token’s maximum supply is currently unknown. Though Spark is not accessible for trading, it is in eToro and Bitrue. However, its updates and features from the network trigger expectations for users. As it seems to be a potential token, it will sparkle in 2022.

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