Flare Tokens (1FLR) Explained

The Flare Token is an open-source digital currency that powers the Play to Earn (P2E) and Non-Fungible Token (NFT) platform, PipeFlare. 1FLR has multiple utility functions, which the development team intends to augment regularly.

See our 2022 Roadmap here.

Flare Token Overview

chests
Flare Token ( 1FLR / USD )
$0.000000
(0.00%)

####

$0,000.000

$0,000.000

$0,000.000 / $0,000.000

What Are Flare Tokens (1FLR)

group

In 2021, 1FLR partnered with PipeFlare. 1FLR is a utility token that can be used in a variety of ways. The Flare Token powers the PipeFlare ecosystem, meaning that most assets within the GameFi platform can be purchased using 1FLR.

Items that can be purchased with 1FLR include (but will not be limited to): NFTs; game items; power-ups; memberships; and referrals.

In addition to making purchases, the Flare Token comes with its own set of benefits to incentivize users to utilize the currency within the PipeFlare platform. For example, in-game upgrades can only be purchased via Flare Token. Users also receive special discounts when purchasing with 1FLR, allowing them to save up to 35% on their purchases.

1FLR also has great staking options, granting PipeFlare users the opportunity to earn passive income. By staking Flare Tokens on PipeFlare, one could earn up to 50% Staking Bonus. As PipeFlare grows, there will be even more use cases for Flare Tokens…this is just the beginning.

Supported Wallets

group
group
group
group
group
group

Exchanges

group
group

Partnerships

group
group
group

How Does It Work

In order to begin using Flare Tokens, you must first create a crypto wallet.* 1FLR supported wallets include: MetaMask; Brave Wallet; D’Cent; and Trust Wallet. Next, you’ll need to acquire 1FLR by playing games, collecting 1FLR from the daily faucet, enrolling in airdrops, and/or exchanging MATIC for 1FLR. Once you have Flare Tokens in your wallet, you can begin using them. Make general purchases (with 1FLR discounts), purchase in-game upgrades, or stake your Flare Tokens to earn passive income.*

*Technically, PipeFlare can be used without initially creating a Web3 wallet. PipeFlare.io can store 1FLR on the platform until 1FLR is withdrawn by the end user.

Why To Use Flare Cryptocurrency

At PipeFlare, we pride ourselves on providing value to our users. This is why the Flare Token is jam-packed with utility. Make purchases within the platform, have the opportunity to purchase in-game upgrades, get amazing discounts, and earn passive income by staking 1FLR. Staking 1FLR is also a great way to provide support to PipeFlare’s mission.

chests

icon
Gaming

1FLR is utilized within all of our games. Users are able to purchase in-game features (such as power-ups and skins), as well as outside NFTs that grant users bonuses. Flare Tokens can be claimed from our 1FLR faucet daily and are also dropped in games as a reward for playing.

icon
Exchanges

1FLR can be swapped between other tokens and coins on the Polygon Network. This can be done through swap exchanges such as QuickSwap and SushiSwap. As the Flare Token grows, it will begin to be listed on more currency exchange platforms.

icon
Purchases

1FLR offers users an alternative way to purchase assets within the PipeFlare platform, while providing users with savings. Purchasing with 1FLR allows users to avoid making purchases with high-priced, high-gas fee crypto assets and blockchains.

icon
Issuance Control

PipeFlare has issued 4 Billion Flare Tokens. We do not plan on issuing more. Here is our token contract address. If you would like to purchase Flare Tokens, head to a currency exchange platform such as QuickSwap.

icon
Flare Network Features

Flare Tokens are built on the Polygon network. Polygon is an Ethereum Virtual Machine (EVM) of Ethereum. The Polygon Network has low transaction fees and fast transaction times. Polygon is a safe blockchain that has recently raised $450 million to invest in NFTs and gaming. To buy 1FLR, click here

icon
Where To Buy & Sell Flare Tokens

To buy Flare Tokens, use a compatible online cryptocurrency exchange platform to purchase MATIC. Then, with MetaMask (or the QuickSwap 1FLR MATIC pool), swap your MATIC for 1FLR.* At this time, Flare Tokens are listed on limited currency exchange platforms, so it is best to swap your 1FLR for other currencies such as MATIC in order to sell them. Then, with MetaMask (or the QuickSwap 1FLR Matic Pool), swap your 1FLR for MATIC.*

*Please be aware that oftentimes, users will be charged with a small transaction fee.

icon
How To Start Investing

Staking your Flare Tokens with PipeFlare is a great way to make passive income. To do so, simply head to the PipeFlare Staking page, and review all of our staking options. Your staking percentage will be based on which supporter level you are. To earn additional staking rewards, purchase a Staking Multiplier NFT (2x staking rewards) or a Pyro NFT boost staking by up to 3%).

Set Up Your Crypto Wallet

In order to withdraw Flare Tokens, you will need to set up a crypto wallet. See our blog post on How to Install MetaMask, Add Polygon Network and Claim 1FLR. Other supported wallets include: Brave Wallet; D’Cent; and Trust Wallet.

Purchase Your 1FLR

Purchasing Flare Tokens is a breeze. Use a compatible online cryptocurrency exchange platform to purchase MATIC. Then, with MetaMask (or the QuickSwap 1FLR MATIC pool), swap your MATIC for 1FLR.*

*Please be aware that oftentimes, users will be charged with a small transaction fee.

What Is The Future Of 1FLR

Using 1FLR is an amazing way to support PipeFlare’s mission. Mass adoption of the Flare Token will allow us to expand beyond our wildest dreams. We will continue to add use cases to the token, ultimately providing even more value for our beloved user base. See our 2022 Roadmap here.


Advantages And Drawbacks Of Flare Token

1FLR has many advantages. These advantages include a favorable transaction process (fast transactions with low transaction costs) and a low acquisition cost of the coin. Nevertheless, every type of cryptocurrency has its drawbacks. 1FLR drawbacks include risk of adoption, centralization of the coin and a potentially difficult acquisition.

Advantages

  • Low transaction costs
  • Fast transactions
  • Low acquisition cost

Drawbacks

  • Risk
  • Centralization
  • Few exchanges list 1FLR

Conclusion

The Flare Token is a utility token that can be used in a variety of ways. Make general purchases (with 1FLR discounts), purchase in-game upgrades, or stake your Flare Tokens to earn passive income. Utilities will continue to be added to the Flare Token, so stay tuned by staying up-to-date with all things PipeFlare.


Frequently Asked Questions

Where To Use Flare Tokens?

Flare Tokens can be used in a variety of different ways. Almost everything in PipeFlare can be purchased using 1FLR. Flare Tokens also have their own exclusive set of benefits, like allowing users to purchase in-game upgrades, receive purchase discounts (up to 35% off) and earn a passive income by staking Flare Tokens with PipeFlare (users can earn up to 50% Staking Bonus).

Where Can I Buy Flare Tokens?

To purchase Flare Tokens, one must purchase MATIC from a cryptocurrency exchange platform such as QuickSwap or MoonPay. Then, via MetaMask (or the QuickSwap 1FLR MATIC Pool), swap your MATIC for 1FLR.

What Is The Future Of Flare Cryptocurrency?

Using 1FLR is an amazing way to support PipeFlare’s mission. Mass adoption of the Flare Token will allow us to expand beyond our wildest dreams. We will continue to add use cases to the token, ultimately providing even more value for our beloved user base. See our 2022 Roadmap here.

Learn More About 1FLR Tokens

How To Add 1FLR To Wallet

How To Add 1FLR Liquidity

Add 1FLR To Trust Wallet - Mobile Device