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Flare Review: Will SPARK LIGHT IT UP in 2021?? ๐Ÿ”ฅ



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– TIMESTAMPS –
0:00 Intro
1:53 Flare Airdrop Recap
5:05 What Is Flare?
8:26 F-Property
11:36 Flare Worth Oracle
13:14 Governance
15:39 SPARK Token
18:51 Flare Roadmap
22:01 Closing Ideas

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โ›“๏ธ ๐Ÿ”— Helpful Hyperlinks ๐Ÿ”— โ›“๏ธ

โ–บ Flare Telegram:
โ–บ Flare Discord:
โ–บ In-depth clarification of the F-asset protocol:
โ–บ SPARK token distribution particulars:
โ–บ Flare blockchain explorer by Flare Finance:

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๐Ÿ’ธFlare Airdrop Recap๐Ÿ’ธ

The Flare โ€œairdropโ€ that befell on December twelfth was truly only a snapshot to organize for the precise SPARK token air drop that can happen within the first few months of 2020 when the Flare Mainnet goes dwell. What Flare did on December twelfth was pay attention to all XRP pockets addresses apart from these identified to belong to Ripple Labs.

๐ŸงWhat’s Flare?๐Ÿง

The first purpose of Flare is to make it doable for any cryptocurrency token for use in good contracts, beginning with XRP. At a conceptual stage, you may consider Flare as being a mix of a DeFi lending protocol like Aave and a cryptocurrency wrapping protocol like Ren. The distinction is that Flare has its personal native good contract blockchain the place tokenized property shall be used.

๐Ÿ”—F-Property๐Ÿ”—

F-assets are tokenized variations of cryptocurrencies not native to the Flare blockchain. Issuing an F-asset requires two events: an originator and an agent. An originator is an individual who desires to transform their cryptocurrency into an F-asset, and an agent is a participant on the Flare community who shall be issuing the F-asset desired by the originator.

An originator offers the unique asset to the agent. The agent locks a stake in SPARK tokens that’s 2.5x higher in worth than the F-Asset they then concern on the Flare blockchain. Flare has put numerous monetary incentives in place to make sure any F-assets are all the time collateralized by SPARK tokens.

โš–Flare Worth Oracleโš–

The Flare Time Sequence Oracle or FTSO is what the Flare community makes use of as a monetary incentive for participation in lieu of mining or staking. The FTSO is used to repeatedly test that an issued F-asset is correctly collateralized by SPARK tokens. That is decided based mostly on the pairing of the unique asset to SPARK, such because the BTC/SPARK buying and selling pair.

Every FTSO value estimate includes two teams: holders of the F-asset being evaluated, and SPARK token holders. SPARK token holders can vote on the worth of any F-asset, whereas holders of an F-asset are solely in a position to vote for the worth of the F-assets they maintain.

Whereas F-asset holders are incentivized to take part within the FTSO by their holding of that F-asset, SPARK token holders earn further SPARK for collaborating in FTSO voting. This oracle reward depends upon the inflation fee of SPARK.

๐Ÿ’ฐSPARK Token๐Ÿ’ฐ

SPARK is a cryptocurrency native to the Flare blockchain that shall be used as collateral to concern F-assets, for voting on the costs of F-assets within the Flare Time Sequence Oracle, as reward for voting within the FTSO, and for governance over the Flare Community and choose purposes constructed on it.

SPARK can have a non-compounding preliminary inflation fee of 10% per 12 months to reward those that vote on the worth of F-assets within the Flare Time Sequence Oracle. When the Flare main-net launches, Flareโ€™s personal documentation explicitly states that this inflation will happen as if all 100 billion tokens are in circulation despite the fact that solely 6.75 billion shall be in the marketplace when the Flare important internet launches. That’s manner an excessive amount of inflation!

๐Ÿ“…Flare Roadmap๐Ÿ“…

The Flare main-net is scheduled to launch in both Q1 or Q2 of 2021 together with the incorporation of the Flare Basis. Past that, there’s actually not that a lot data on any further milestones detailed by Flare. That is primarily as a result of Flare takes a company strategy that’s much like the entity which funds it, and thatโ€™s to keep away from all forward-looking statements in order to not mislead buyers.

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๐Ÿ“œ Disclaimer ๐Ÿ“œ

The knowledge contained herein is for informational functions solely. Nothing herein shall be construed to be monetary authorized or tax recommendation. The content material of this video is solely the opinions of the speaker who will not be a licensed monetary advisor or registered funding advisor. Buying and selling cryptocurrencies poses appreciable threat of loss. The speaker doesn’t assure any specific final result.

#flare #spark #XRP #crypto #airdrop #ripple

Source: Coin Bureau

50 Responses

  1. ๐Ÿ“ฃ Quick point of clarification๐Ÿ“ฃ : This video was shot on the 17th (Thursday). At that time there was no clarity on what would be done with the additional tokens. However, yesterday the Flare team came out with an announcement on the exact XRP:FLR ratio. https://blog.flare.xyz/the-xrp-flr-ratio/

    So it came out after I could really clarify in the video. This therefore means that the final ratio is 1 XRP:1.0073 FLR. Thanks to some of my viewers who alerted me to the blog post ๐Ÿ™

    Hope that you guys enjoyed the rest of the video. If you want to follow me on my other social channels, check them out here for insider info ๐Ÿ‘‰ https://guy.coinbureau.com/socials/

  2. Hey worm… Why are you giving bitcoin as an example bitcoin isn't on Flare Networks and hopefully never will be. Bitcoin should be crushed right along with the filth that holds it

  3. where is my flare , I, did everything said i even god confirmation , that registration complete and successful, so where is it ? we are halve of 2021 already . not even .0005 flare ever deposited in my Eth registered with

  4. The more I'm learning about Flare, the more I'm realizing it's a lot more advanced than Uniswap. Uniswap suffers from being built on Ethereum's blockchain which results in slow speed and high gas fees. Those won't be an issue with Flare.

  5. Reason for the high starting inflation is to ensure enough Spark is available for new f-assets coming onto the system (which have been announced since the making of this video). Think about the quantity of Spark and/or the Spark price/value required to meet the value of, say, 5% of the top 10 crypto assets coming onto the Flare Network. To absorb the influx of billions of $$ there will need to be high inflation until the markt can settle down a bit.

  6. This rabbit hole goes deep! Ripple owns 40% of flare. Flare will be the first crypto to launch correctly and lawfully with sec regulations. Ripple has worked closely with the SEC for many years. 3T Warrior has interesting insight. Thanks Guy appreciate your no BS

  7. Inflation is different in the Flare network. The extra tokens go directly into the wallet of users – not to miners, institutions or who else. And the owners are incentivised not to sell – because you get even more rewards because you now have more tokens. There is a huge compounding effect. Additionally there will be a governance vote on inflation rate after 6 months. So I donโ€™t see it as negative as Guy at all

  8. I don't like all these gradual release schedules, it's basically price manipulation and ultimately end up causing a dead weight loss because investors will put off investing untill most tokens have hit the market. It could also mislead less informed investors because the marketcap can seem really small compared to the potential that a token might have but because it's supply will quadruple in a couple of years it really is more expensive than it appears.

  9. Spark drop tokens did not drop in of February 2021, and no signs they will ever! can you help us with is this a scam, or we should we continue 2 wait with an investment that was a chance in hell! thank you 4 considering this request, my friend!

  10. I jumped and bought FLR tokens for $1.40 per token. Should have sold when it got to $1.85 2 days ago. Its dropping back slowly towards the $1.20 range. Do you think the spark token will be worth more then a couple bucks in the future?

  11. HI, FLR is active on Bitrue, currently at 1.5499…..I wonder if this is the genuine price of course with fluctuations when the FLRยดs are given to XRP holders….., I am uncertain maybe when FLR are released and other exchanges ( big ones) come into place the drop will sink to the bottom. any comments on this? some are getting excited maybe with no sense at all….thanks