The FLOW is the eponymous blockchain token from Dapper Labs, the development team of the famous Cryptokitties. Renowned investors in the cryptosphere have financed this project, such as the a16z fund, or Coinbase Ventures.
However, individual investors are not neglected. In this article, we will study the business model of the FLOW token , and find that it has great potential .
What are its use cases ? How is it distributed ? What about staking ? Dive into the tokenomics of FLOW.
The Flow platform and its blockchain
The Flo w blockchain is designed in response to problems faced by Dapper Labs , the development team that created the non-fungible tokens ( NFT ) on Bitcoin Future. You surely remember the success of Cryptokitties … and the congestion problems encountered by Ethereum.
Cryptokitties: these digital cats initiated the development of the digital goods market , thanks to the invention of NFTs.
Given these limitations, Dapper Labs has created the platform for distributed applications in proof of issue ( proof of stake ). Highly scalable , it offers a high transaction rate , like EOS, Avalanche (AVAX) or NEAR.
Flow has its own characteristics, and differs from its competitors, whether by its architecture or its ease of programming . Thus, it only took a few weeks for the team to code the famous Cryptokitties there, when several months were needed for the first version launched on Ethereum.
What interests us today is the economic model of its native token , the FLOW .
The FLOW token and its use cases
The FLOW token is the native cryptocurrency of the blockchain platform of the same name. Developers can use it to integrate peer-to-peer payments into their applications, fund applications, or reward their users.
The validators nodes must lock FLOW to fulfill their role. This is the principle of evidence stake ( proof of stake ). Of course, the token holders can delegate them .