1FLR Token (1FLR) Explained

The 1FLR 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.

1FLR Token Overview

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

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$0,000.000

$0,000.000

$0,000.000 / $0,000.000

What Are 1FLR Token (1FLR)

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In 2021, 1FLR partnered with PipeFlare. 1FLR is a utility token that can be used in a variety of ways. The 1FLR 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 1FLR 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 1FLR 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 1FLR Token on PipeFlare, one could earn up to 27.5% Staking Bonus. As PipeFlare grows, there will be even more use cases for 1FLR Token…this is just the beginning.

Supported Wallets

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Exchanges

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Partnerships

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How Does It Work

In order to begin using 1FLR Token, 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 POL for 1FLR. Once you have 1FLR Token in your wallet, you can begin using them. Make general purchases (with 1FLR discounts), purchase in-game upgrades, or stake your 1FLR Token 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 PipeFlare.io can store 1FLR on the platform until 1FLR is withdrawn by the end user.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 1FLR 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.

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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. 1FLR Token can be claimed from our 1FLR faucet daily and are also dropped in games as a reward for playing.

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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 1FLR Token grows, it will begin to be listed on more currency exchange platforms.

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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.

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Issuance Control

PipeFlare has issued 4 Billion 1FLR Token. We do not plan on issuing more. Here is our token contract address. If you would like to purchase 1FLR Token, head to a currency exchange platform such as QuickSwap.

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1FLR Network Features

1FLR Token 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

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Where To Buy & Sell 1FLR Token

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

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

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How To Start Investing

Staking your 1FLR Token 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 1FLR Token, 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 1FLR Token is a breeze. Use a compatible online cryptocurrency exchange platform to purchase POL. Then, with MetaMask (or the QuickSwap 1FLR POL pool), swap your POL 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 1FLR 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 1FLR 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 1FLR 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 1FLR Token to earn passive income. Utilities will continue to be added to the 1FLR Token, so stay tuned by staying up-to-date with all things PipeFlare.


Frequently Asked Questions

Where To Use 1FLR Token?

1FLR Token can be used in a variety of different ways. Almost everything in PipeFlare can be purchased using 1FLR. 1FLR Token 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 1FLR Token with PipeFlare (users can earn up to 27.5% Staking Bonus).

Where Can I Buy 1FLR Token?

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

What Is The Future Of 1FLR Cryptocurrency?

Using 1FLR is an amazing way to support PipeFlare’s mission. Mass adoption of the 1FLR 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

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