Flow is a community-controlled, open and fully decentralized blockchain that was designed with decentralization in mind. It has grown increasingly decentralized over time with more than 10,000 developers engaged in building applications on Flow and over 3,000 smart contracts presently deployed on the network. Only a third of the nodes are controlled by a single entity, and a diverse range of teams and projects are building on Flow.

How does Flow (FLOW) Work?

On Flow, nodes are operated by members of the community. Anyone can become a validator by staking FLOW tokens and running a node, thus ensuring that the network remains decentralized. The network is inherently secure due to the separation of concerns, with consensus being separated from transaction execution. This makes the network more resistant to attacks. Flow is designed to scale without sharding, which allows for high throughput and low latency while preserving decentralization. Flow's governance structure prioritizes safety, transparency, and longevity, with a community-led approach to platform maintenance, administration, and growth.

What makes Flow (FLOW) Unique?

Flowdiver provides a comprehensive overview of the Flow network, displaying important details about the distribution of stake across numerous nodes located in different regions. This platform also monitors the network's operational status and efficiency, presenting essential metrics such as uptime for both the network and access nodes, collection and block finalization, transaction execution, sealing metrics, and the consensus leaderboard.

What is the FLOW Token?

Flow is a blockchain based on proof of stake that uses the native token of the chain, FLOW. This token is used to reward staked participants, facilitate transactions within the ecosystem, and cover network fees.

FLOW has multiple critical functions within the Flow network, including staking, rewards, fees, storage deposits, medium of exchange, collateral, and governance. The token is required for validators and delegators to participate in the network and is also used for transaction fees. In addition, FLOW serves as a collateral on DeFi apps and is the principal token for voting on future protocol and ecosystem development.

coin.about_expand

what_is.current_price:

$0.5141what_is.more_price_detail

what_is.price_high:$46.16

what_is.price_low:$0.3921

what_is.supply_title

what_is.circulate_supply:1,541,862,500 FLOW

what_is.total_supply:1,541,862,500.2 FLOW

what_is.max_supply:0 FLOW

what_is.market_cap:$792.70M

what_is.fully_cap:$792.70M

what_is.token_allocation:

Ecosystem Development

32.00%

Dapper Labs

20.00%

Development Team

18.00%

Large Backers

11.10%

Community Sales

10.00%

Small Backers

8.90%

what_is.tokenomics:

what_is.token_utility

$FLOW is the native token of the Flow network and has the following use cases:

Payment for network services: All activities will be required to pay a transaction fee in $FLOW tokens, this includes creating new user accounts, storing assets, and interacting with smart contracts.
Deposit for data storage: $FLOW tokens are required to reserve on-chain storage capacity. An account with a higher $FLOW balance would have access to more storage capacity, which some developers or applications may require.
Validator nodes: Token holders can stake their $FLOW tokens and run validator nodes, which helps to secure the network in return for $FLOW token rewards. Alternatively, users may also delegate their tokens to third-party operators that help to run validator nodes on their behalf.
Collateral for secondary tokens: Key service protocols are incentivized to “infuse” their tokens through a bonding curve mechanism with the native $FLOW token. The key benefits of infused tokens include improved liquidity, reduced volatility, collateral-backed by $FLOW tokens, and participation in Flow governance via secondary tokens.
Governance: Token holders can participate in on-chain voting as a signaling mechanism.