What is FLR coin? What are the characteristics of FLR coin?

FLR Coin: The native token of Flare Network

FLR Coin is the native token of Flare Network, a block designed to bring smart contract functionality to the XRP ecosystem chain platform. FLR coin has the following characteristics:

• Utility: FLR coin is used to pay transaction fees and smart contract execution fees on Flare Network.
• Governance: FLR coin holders can participate in the governance of Flare Network by voting and vote on the future development direction of the protocol.
• Staking: FLR coins can be staked to earn rewards and help secure the network.
• Incentives: Flare Network promotes the growth of the XRP ecosystem by incentivizing adoption by airdropping FLR coins to XRP holders.

The release of the FLR coin represents important progress for the Flare Network and brings new opportunities to the XRP ecosystem. As the Flare Network continues to expand, it is foreseeable that the FLR coin will play a more critical role in the future.

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