FLOW

FLOW price

FLOW
|
3.8/5
CyberScope
4.2
04/18/2024
TokenInsight
3.4
06/05/2023
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USD
USD
$0.84100
-4.00%
1h
24h
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FLOW price live data

The current price of FLOW is $0.84100. Since 00:00 UTC, FLOW has decreased by -4.00%. It currently has a circulating supply of 1,499,068,195 FLOW and a maximum supply of 1,499,068,195 FLOW, giving it a fully diluted market cap of $1.26B. At present, FLOW holds the 56 position in market cap rankings. The FLOW/USD price is updated in real-time.

FLOW price performance in USD

Time periodChange amount%Chg
Today-$0.03500 -4.00%
7 days-$0.36270 -30.14%
30 days-$0.34610 -29.16%
3 months-$0.50550 -37.55%

FLOW market information

24h low/high
The highest, lowest, and last prices in 24 hours
24h low$0.80000
Last price $0.84100
24h high$0.88400
Heat index ranking
170
Market cap ranking
56
Market cap
$1.26B
Favorited rate
Percentage of users who favorited this asset to all users
2.45%
All-time high
$44.0700
-98.10% (-$43.2290)
Apr 5, 2021 (3 years ago)
All-time low
$0.39080
+115.19% ($0.45020)
Sep 12, 2023 (7 months ago)
ICO date
09/23/2020
ICO price
The price at which this crypto was first traded
$0.10000
Circulating supply
The amount of this crypto that is publicly available in the market
1,499,068,195 FLOW
Market cap at circulating supply
Market cap = Circulating supply × Last price
$1.26B

About FLOW (FLOW)

In the vast landscape of blockchain networks available for Web3 developers, FLOW stands out as a distinct and relatively new player with its own set of unique capabilities. FLOW also offers developers a platform to build innovative products within the crypto ecosystem.

What is Flow?

Flow is a blockchain protocol that facilitates scalability and promotes wider adoption across various ecosystems. It enables scaling without compromising decentralization or relying on sharding. The Flow network is well-suited for applications such as payments, GameFi, and non-fungible token (NFT) development. 

One of Flow's primary objectives is to revolutionize gaming, applications, and the digital assets that fuel them. With its exceptional speed, decentralized architecture, and developer-friendly environment, Flow emerges as a frontrunner in the evolution of blockchain technology, ushering in a new era of possibilities.

The Flow team

The Flow blockchain was developed by Dapper Labs, the company behind the popular NFT collection NBA Top Shot. Dapper Labs has a track record of successful crypto and NFT projects in the blockchain industry. Leading the Flow team are notable individuals such as Roham Gharegozlou, Dieter Shirley, and Mikhael Naayem. Their contributions have played a significant role in developing the Flow network, establishing it as a prominent protocol for Web3 games and digital collectibles.

How does Flow work?

Flow operates differently from traditional scaling techniques like sharding. It utilizes a Proof of Stake (PoS) consensus mechanism to achieve improved speed and network capacity without imposing high transaction fees. Flow harnesses the strength of its distributed network by intelligently assigning tasks to nodes based on their specific technical capabilities. 

Flow’s native token: FLOW

FLOW, the native cryptocurrency of the Flow ecosystem, plays a pivotal role in driving the new era of an inclusive and borderless digital economy. Unlike a token, FLOW functions as a coin, serving as the backbone of the robust digital infrastructure that powers the Flow network. As the lifeblood of the ecosystem, FLOW facilitates seamless transactions and ensures the smooth operation of the diverse range of applications within the Flow economy.

The Flow ecosystem

The Flow ecosystem comprises a rich tapestry of renowned entertainment brands, visionary development studios, and venture-backed startups. The ecosystem's vibrancy is fueled by collaborations with global IP powerhouses, including Warner Music, Ubisoft, NBA, and UFC. Leading game developers further amplify the potential of Flow. Additionally, notable figures in the crypto realm, such as Circle and Binance, lend their expertise to enhance the capabilities of Flow.

FLOW tokenomics

The FLOW token has a circulating supply of 1,036,200,000 and a total supply of 1,433,180,637. Currently, 72 percent of FLOW's total supply is in circulation among token holders.

FLOW use cases

FLOW plays a crucial role in the success of the Flow ecosystem, as it is used for transaction fees related to computation and validation services. Additionally, it serves as the required downpayment or collateral for accessing data storage services and acquiring secondary tokens within the network. In other words, developers need FLOW to mint their own tokens. Lastly, FLOW acts as the governance coin used for voting on proposals that determine the direction of the Flow network.

What does the future hold for Flow

Flow, as a blockchain network, has been specifically designed to achieve mass adoption of Web3 technologies. In the future, Flow envisions creating opportunities for its community to develop innovative products and services, mainly focusing on applications that cater to large fanbases. This will involve exploring new business structures, funding channels, and community-driven governance models.

Flow aims to empower its users to actively participate in shaping the platform's future by encouraging experimentation and providing avenues for eventual ownership. With its potential to disrupt various industries, Flow provides a conducive ecosystem for developers, entrepreneurs, and enthusiasts to drive innovation and foster the widespread adoption of blockchain technology.

Learn more about FLOW (FLOW)

FLOW FAQ

Is Flow decentralized?

Flow is designed to be a decentralized blockchain network. Currently, no single entity controls more than one-third of the consensus nodes, which is essential for ensuring network security and integrity. The Flow team is actively working towards progressive decentralization, meaning that as the Flow ecosystem grows and more users join the network, the protocol becomes increasingly decentralized.

Is Flow only for NFTs?

Flow is a versatile blockchain platform that caters to the entire Web3 ecosystem, offering support for fungible tokens (FTs) and non-fungible tokens (NFTs). Flow enables the creation and exchange of various digital assets beyond NFTs. Additionally, Flow serves as a reliable crypto payment network, providing users with low transaction fees and efficient payment solutions. Furthermore, developers have the flexibility to build a wide range of decentralized applications (DApps) on the Flow network.

Where can I buy FLOW?

Easily buy FLOW on the OKX cryptocurrency exchange. Available trading pairs in the OKX spot trading terminal include FLOW/USDT.

You can also swap your existing cryptocurrencies, such as XRP (XRP), Cardano (ADA), Solana (SOL), and Chainlink (LINK), for FLOW with zero fees and no price slippage by simply using OKX Convert.

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1 FLOW ≈ $0.84100 USD
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