Flow is a next-gen, consumer-oriented blockchain designed to be the backbone of Web3 and the open metaverse. Leveraging a unique multi-role architecture and its own programming language, Cadence, Flow empowers developers to push the boundaries of innovation with decentralized applications, NFTs, DeFi protocols, and more. Originating from the same creators behind CryptoKitties, NBA Top Shot, and NFL ALL DAY, Flow offers a high-performance, developer-friendly environment. As a fully open-source, decentralized ecosystem, it attracts leading developers, top brands, and innovative startups. Dive into how Flow is set to transform digital experiences and lead the charge in bringing the next billion users to Web3.

What is the Flow Blockchain?

Flow is a proof-of-stake blockchain designed to be the foundation of Web3 and the open metaverse, supporting consumer-scale decentralized applications, NFTs, DeFi, DAOs, PFP projects, and more. Powered by Cadence, an original programming language built specifically for digital assets, Flow empowers developers to innovate and push the limits that will bring the next billion to Web3. Created by a team that has consistently delivered industry-leading consumer-scale experiences, including CryptoKitties, NBA Top Shot, and NFL ALL DAY, Flow is an open, decentralized platform with a thriving ecosystem of creators from top brands, development studios, venture-backed startups, crypto leaders, and more.

Token Market Data

Coin Statistics:

• Current Price: $1.4136
• Market Cap: $2,111,171,974.88
• 24h Price Change: 6.50%
• 7d Price Change: 18.72%
• 30d Price Change: 78.86%
• 24h High: $1.4410
• 24h Low: $1.3258
• All-Time High: $46.1626 (2021-04-05T06:28:06.000Z)
• All-Time Low: $0.3921 (2023-09-11T19:40:00.000Z)
• Circulating Supply: 1,493,452,839.00
• Total Supply: 1,493,452,839.24

Purpose and Utility of the Flow Crypto Token

The Flow crypto token (FLOW) is the native currency for apps, games, and smart contracts built on top of the Flow blockchain, serving as the currency guaranteed to be available for developers and users to transact with on the network. It is used for various purposes, including staking, rewards, fees, storage deposits, medium of exchange, collateral, and governance.

Staking and Rewards

Staking is a crucial aspect of the Flow network, where token holders can stake their FLOW as a security deposit to secure the network through running validator nodes or delegating their stake to professional operators. Validator nodes receive staking rewards and transaction fees in exchange for providing security, computation, and storage services the network requires.

Transaction Fees

FLOW is also used for transaction fees, covering the cost of deploying new smart contracts, creating user accounts, token transfers, and NFT exchanges. Additionally, a minimum balance of FLOW tokens is required as a storage deposit to reserve on-chain storage for an account, incentivizing developers to optimize their code and data structures for efficiency.

Medium of Exchange and Collateral

As a medium of exchange, FLOW enables users to participate in and transact with experiences built on Flow, while it can also be used as collateral on DeFi apps such as Increment.fi. Furthermore, FLOW is set to become the governance coin for a future Flow blockchain DAO.

Inflation and Deflation Mechanisms

Flow guarantees a set payout to those staking FLOW coins via nodes, creating modest inflationary pressure if network transaction fees fall short. If fees surpass the payout, FLOW becomes deflationary. Staking rewards are in the 8.8% APY region, while delegators receive around 8%.

Tokenomics and Distribution Model

The Flow crypto token (FLOW) is the native currency of the Flow network, a blockchain designed for a new digital economy that is owned and governed by its participants. The token is used for various purposes, including paying for transaction fees, serving as collateral for secondary tokens on Flow, and participating in future protocol governance. The total supply of FLOW tokens is 1.25 billion, with 400 million set aside for ecosystem development to help bootstrap network effects and ensure a diverse and accessible community over the long term.

Distribution Strategy

The distribution of FLOW tokens is designed to be broad, with 100% of inflation distributed to stakers, ensuring that holders of FLOW will not be diluted as long as they are actively participating. The expected staking percentage is expected to decline over time as additional use cases become available, such as infused tokens, and Flow is designed to minimize inflation while providing sufficient rewards for validators. The development team pool unlocks over 3 years, ensuring all stakeholders are aligned, and Dapper Labs, the corporate entity that funded the development of the Flow technology, has been allocated 250 million tokens which it intends to hold as part of its long-term treasury.

Vesting Periods and Lock-Ups

Validator rewards were enabled on mainnet in December 2020, with reward tokens being liquid for use on the network as soon as they are withdrawn by the node operator. On Flow, 100% of inflation is distributed to stakers, meaning holders of Flow will not be diluted as long as they are actively participating. The expected staking percentage is expected to decline over time as additional use cases become available, such as infused tokens, and Flow is designed to minimize inflation and optimize this against providing sufficient rewards for validators.

The Team Behind Flow

The Flow crypto token is backed by a team of experienced professionals with expertise in data science, blockchain engineering, and product development. The team is led by Arran, Tomek, and Bartek, who serve as Co-Founder & CEO, Co-Founder & CTO, and Co-Founder & Chief Evangelist, respectively.

Core Team Members

• Arran: As the CEO, Arran is responsible for overseeing the company's overall strategy and operations.
• Tomek: As the CTO, Tomek leads the technical development of the platform.
• Bartek: As the Chief Evangelist, Bartek focuses on promoting the platform and building partnerships.

Additional Team Members

• Andra: Senior Product Manager, brings experience in product development and management.
• Damian: Associate Data Engineer, contributes expertise in data engineering.
• Daniel: Senior Full-Stack Engineer, brings technical skills in software development.
• Javier: Lead Research Engineer, brings expertise in research.
• Karol: Senior Data Engineer, brings expertise in data engineering.
• Paulina: Commercial Lead, brings expertise in commercial strategy.
• Piotr, Riccardo, and Sam: Data Engineer, Data Engineer, and COO/CFO, respectively, contribute technical skills and financial management expertise.
• Sara: Associate Data Engineer, brings expertise in data engineering.
• Tino: Senior DevOps and Security Engineer, brings expertise in security.

Notable Advisors and Partners

Flow has received significant investment from major crypto funds