The FLR token rises because Flare begins with public use

• The FLR token increased by 18.88 % in a week and currently has a value of $ 0.01077.
• Flare introduces a public pilot service that enables FLR owners to take part in the ecosystem.
• Transition of the Flare network to the proof-of-stake model.

flr, the native token of the flare network, ensures a sensation after the recent introduction of a public pilot service.

flr recorded an increase in both interest and the value. Here is a closer look at how this development affected the FLR token.

flr token price in motion

In the past seven days, the FLR token has shown an impressive performance and increased its price by 18.88 %. With a current value of $ 0.01077, this token on the market is becoming increasingly popular and attracts attention of investors and enthusiasts.

flare price diagram

The public pilot service of Flare

Flare, an EVM-based layer 1 blockchain, which enables developers of decentralized access to highly integrated data from other chains and the Internet, has taken a significant step to improve its ecosystem. The Flare team presented a public pilot service for FLR token owners on October 29, which matches the transition to a proof-of-stake consensus model.

🌅 The public use of flare is live: https://t.co/zb0aah7sfz

Find out everything about the delegation of FLR shares with pic.twitter.com/esqwng7kcv

- flare ☀️ (@flaretworks) 29. October 2023

This special set platform enables FLR owners to delegate their tokens on validators and thus contribute to the growth of the ecosystem.

Originally, users could only use Avalanche applications that were installed on Ledger hardware wallets. However, the development team has promised to introduce further cover options in the future.

The minimum use threshold is 50,000 flr, which corresponds to current courses about $ 500, with a blocking period of 14 days.

Flare includes the POS model

Flare decided in July 2023 to introduce a proof-of-stake model to create a more cost-effective and more environmentally friendly solution.

In order to set up a complete infrastructure within the flare network, interested parties must have at least 1 million flr token (corresponds to around $ 10,000) and maintain an operation time of at least 80 % in order to be able to take part in the validator reward pool.

These innovations, including Flare Time Series Oracle (FTSO) and State Connector, show flares commitment to improve the use of blockchain technology. By providing reliable access to data from different sources, FLR and the flare network are able to offer developers new opportunities and a more versatile environment for decentralized applications, which ultimately benefits a wider user base.