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Frequently Asked Questions

Here you can find frequently asked questions about various cryptocurrencies.

Where can I buy Flare (FLR)?

Flare (FLR) is currently trading on a number of exchanges, with cryptocurrency and stablecoin pairs available.

Who are the founders of Flare (FLR)?

Flare was founded by Hugo Philion, Sean Rowan and Dr Nairi Usher, now CEO, CTO and Chief Scientist, respectively. They met while studying machine learning at University College London, sharing an interest in distributed systems and their potential applications.

How many FLR tokens are in circulation?

Genesis of Flare mainnet occurred on 14 July 2022, followed by the public token distribution event (TDE) on 9 January 2023. Total available supply at genesis was 100 billion FLR, of which 12 billion FLR were in circulation immediately after TDE. The public token distribution continues for 36 monthly installments providing a total of 28,524,921,372 FLR to the community. Flare is an inflationary network with 10% of circulating supply minted in year 1. These freshly minted FLR are provided to Flare Time Series Oracle data providers and the token holders that delegate to them (70%) to secure the decentralized provision of price data to the network, validators (20%) and State Connector attestation providers (10%).

What is the Flare (FLR) token used for?

FLR is the native token used for payments, transaction fees to prevent spam attacks and staking in validator nodes. FLR can also be wrapped into an ERC-20 variant, WFLR. WFLR tokens serve various functions; they can be delegated to FTSO data providers, for example, or used to participate in governance. These two uses are not mutually exclusive and do not prevent the tokens from being used in other EVM-compatible dapps and smart contracts on Flare. Wrapped FLR (WFLR) can be minted by depositing native FLR tokens into a smart contract and withdrawing the newly minted WFLR.

What makes Flare unique?

Flare has developed two native interoperability protocols facilitating on-chain, decentralized acquisition of blockchain, time series and Web2 API data. The protocols are secured by the network itself, with decentralized, independent data providers incentivized to deliver accurate data. This helps Flare to minimize risks for users and developers. The State Connector securely acquires event information from other blockchains and the internet to be used in smart contracts on Flare. It acquires this data securely, scalably and in a decentralized manner, with a set of independent attestation providers needing to reach consensus on the validity of an event before the information can be made available to dapps on the network. The Flare Time Series Oracle (FTSO) utilizes the network structure to deliver highly decentralized prices and data series to dapps on Flare without relying on centralized data providers. By providing reliable access to cryptocurrency prices, detailed transaction information from other chains, and Web2 event data, Flare enables developers to build applications that can provide more utility to a larger group of users.

What is Flare (FLR)?

Flare is an EVM-based layer 1 aiming to make blockchain more useful by giving developers decentralized access to high-integrity data from other chains and the internet. This enables new use cases and monetization models, while allowing dapps to serve multiple chains through a single deployment.

Where Can You Buy EOS?

It is possible to [buy EOS](https://www.binance.com/en/buy-EOS) through Binance, Coinbase, Kraken, Bithumb, Upbit, and countless other exchanges. Given how widely used it is in the crypto industry, you’ll be hard pressed to find a trading platform that doesn’t support it.

How Is the EOS Network Secured?

EOS is built on delegated-proof-of-stake (DPOS), a form of proof-of-stake that gives token holders governance power relative to their stake in the system. The EOS token is a pro-rata claim on access to the EOS network’s resources, as well as a pro-rata claim on its governance rights. The EOS Network is a decentralized operating system governed by a DAO. In DPOS, EOS token holders delegate their stake to elect representatives responsible for validating transactions. One of the advantages is that this helps eliminate consolidation, where smaller miners are pushed out by those with greater computing power and resources.

How Many EOS Coins Are There in Circulation?

EOS Network has 995,528,087 EOS in circulation at the time of writing. When the network launched, its software developer (Block.one) was allocated 100m EOS tokens locked in a 10 year vesting schedule. In December 2021, the EOS Network reached consensus to stop vesting those tokens when it essentially fired Block.one for failing to continue software development or support for the EOS ecosystem. The 68 million unvested tokens remain in the eosio.stake account and are locked out of circulation. The Network continues operating using a 3% annualized inflation with 1% being directed to block producers and 2% funds the treasury for the EOS Network Foundation.

What Makes EOS Unique?

The EOS Network is a 3rd generation Layer 1 blockchain that is low-latency and highly performant blockchain that liberates developers to align their build with what they imagine—bringing together programmable architectures, versatile blockchain infrastructures, and custom smart contracts. What makes EOS unique is its technological stack and resilient community. The EOS Network has many communities with vibrant ideas and leadership. Token holders primarily work with developers and other ecosystem leaders to promote growth. The EOS community values transparency, openness, honesty, accountability, liberty, respect, and different core values of a blockchain. EOS is the first blockchain with a community-led foundation and user support. On EOS, token holders elected a foundation to spearhead network growth. During this same period, a group of community members started the EOS live support for users on the network.

Who Are the Founders of EOS?

The EOSIO software, which the EOS Network was built upon, was developed by the company Block.one and architected by Daniel Larimer. In June 2018, the EOS blockchain was launched by a decentralized group of block producers (BPs) who bootstrapped the network based on a token distribution snapshot from Block.one's ICO. On August 25, 2021 consensus was reached by EOS block producers to fund the EOS Network Foundation (ENF), which was launched by Yves La Rose. The EOS Network Foundation is a not-for-profit organization that coordinates financial and non-financial support to encourage the growth and development of the EOS Network. The ENF is the hub of the EOS Network, harnessing the power of decentralization as a force for positive global change to chart a coordinated future for EOS.

What Is EOS?

The EOS Network is an open-source blockchain platform that prioritizes high performance, flexibility, security, and developer experience. As a third-generation blockchain platform powered by the EOS virtual machine, EOS has an extensible WebAssembly engine for deterministic execution of near fee-less transactions. EOS is the market's most scalable, divisible, and programmable digital currency. EOS is a Delegated Proof of Stake (DPoS) network where stakeholders have the authority to select node operators. Due to the decentralized nature of the token distribution on EOS, power doesn't reside in the hands of block miners, but rather all parties involved in the EOS Network. The EOS Network is attractive because of its technology and community. It allows developers to build projects that other blockchains cannot support. The network is straightforward and has multiple tools and educational resources to help users acclimate to the blockchain.

Stakeholders in the Ondo DAO — ONDO token holders — exercise control over the DAO and Flux Finance protocol, including economic parameters and smart contract upgrades, through on-chain governance proposals.

Where Can You Buy ApeCoin?

ApeCoin is available to trade on numerous exchange platforms, including decentralized exchanges like SushiSwap and top centralized exchanges.

How Is the ApeCoin Network Secured?

ApeCoin is an [ERC-20](https://coinmarketcap.com/alexandria/glossary/erc-20) token launched on the [Ethereum](https://coinmarketcap.com/currencies/ethereum/) blockchain. As a result, it is secured by Ethereum’s [proof-of-work](https://coinmarketcap.com/alexandria/article/proof-of-work-vs-proof-of-stake) (POW) consensus mechanism.

How Many ApeCoin Are There in Circulation?

The total supply of ApeCoin is permanently fixed at 1 billion tokens, all minted at once. On launch day, March 17, 2022, 30.25% will be in circulation. This percentage will continually increase following launch day at regular intervals over a 48-month period. The amount of ApeCoin in circulation is a dynamic number that will constantly change both due to the aforementioned schedule and a myriad of market factors.

What Makes ApeCoin Unique?

ApeCoin is the APE Ecosystem’s governance token, allowing token holders to participate in ApeCoin DAO and giving its participants a shared and open currency that can be used without centralized intermediaries. 62% of all ApeCoin was allocated to the Ecosystem Fund, which will support community-driven initiatives as voted on by ApeCoin DAO members. ApeCoin also gives access to certain parts of the Ecosystem that are otherwise unavailable, like exclusive games and services. For third-party developers, ApeCoin is a tool to participate in the ecosystem by incorporating ApeCoin into services, games, and other projects. The APE Foundation was gifted a 1 of 1 NFT by Yuga Labs, the creators of Bored Ape Yacht Club. Yuga Labs has conveyed all rights and privileges to this [NFT](https://coinmarketcap.com/alexandria/article/how-to-mint-an-nft) and its underlying artwork to the APE Foundation. The ApeCoin DAO members can decide how this intellectual property is used.

Who Are the Founders of ApeCoin?

ApeCoin is a decentralized project inspired by Yuga Labs’ Bored Ape Yacht Club project. ApeCoin was founded to be used within the burgeoning APE Ecosystem, which is supported by the APE Foundation. The ApeCoin DAO aims to build and maintain the APE Ecosystem in a fair and inclusive way, providing an infrastructure for ApeCoin holders to collaborate through open and permissionless governance processes. An administrative council within the APE Foundation (the “Board”), will carry out the decisions of ApeCoin DAO members. The Board is responsible for the day-to-day administration, bookkeeping, project management, and other tasks that ensure the Community’s ideas have the support they need to become a reality. ApeCoin DAO members vote on Board members.

What Is ApeCoin?

ApeCoin is an ERC-20 governance and utility token used within the [APE Ecosystem](http://apecoin.com/) to empower and incentivize a decentralized community building at the forefront of web3. ApeCoin holders govern themselves via the decentralized governance framework controlling the ApeCoin DAO, and vote on how the ApeCoin DAO Ecosystem Fund should be used. The APE Foundation administers proposals agreed upon by ApeCoin holders.

Where Can You Buy Ronin (RON)?

RON is available on [Katana DEX](https://katana.roninchain.com/#/swap), [OKX](https://coinmarketcap.com/exchanges/okx/), and many other avenues. Refer to [Guide on Buying RON](https://roninchain.com/blog/posts/how-to-buy-ron) If you want to learn more about how to start buying cryptocurrencies, you can read more in [our guide](https://coinmarketcap.com/how-to-buy-bitcoin/).

How Many Ronin (RON) Coins Are There in Circulation?

RON was launched through a pool on its native Katana DEX without any private sales conducted and will be distributed through an incentivized liquidity program. Issuance will be reduced every quarter, and the total supply of RON is capped at 1 billion and will be reached 108 months after issuance begins. RON is distributed as follows: * Rewards (25%): staking and bridge incentives * Community (30%): liquidity mining, content creation, rewards programs, grants, and hackathons. * Team (30%): Sky Mavis * Ecosystem fund (15%): grants, investments, and hackathons bringing game-changing content, applications, and tooling to Ronin. Refer to the Whitepaper for more info: https://docs.roninchain.com/basics/tokenomics

What Makes Ronin Unique?

Ronin is battle tested and scalable. In 2021 the Ronin processed 15% of all NFT trading volume and is the home of all Axie Infinity assets - Axies, Land, SLP and AXS. Ronin is second only to Ethereum when it comes to NFT sales by volume. While there are many other chains available, Ronin is the only platform proven to scale a single game to accommodate millions of daily users. Ronin is hyper optimized for gaming and cuts out the bloat found in other permissionless blockchains. We put in effort to curate high quality apps and ensure there is minimal spam and high uptime for games. Ronin is environmentally friendly compared to other chains. For comparison, one Bitcoin transaction uses as much energy as 695,505,316.31 Ronin transactions. Ronin is backed by Sky Mavis, the creators of the #1 NFT project by adoption and all-time volume, Axie Infinity. Sky Mavis’ experience building and scaling Axie Infinity has given them unique insights into product development, community building, and go-to-market which can be leveraged by partners deploying on the network. Sky Mavis offers advisory support and grants to help reduce risk and improve odds of success for games looking to launch. Ronin is secure. Due to Ronin’s massive traction and being pioneers in the space, Sky Mavis has been one of the first companies to face scaling roadblocks and security threats ahead of the rest of the market. In March 2022, Sky Mavis experienced The Ronin Validator Breach, where 173,600 ETH and 25.5M USDC were drained from the Ronin bridge. This breach was not due to a technical flaw, but a socially engineered attack by an elite group of hackers. This incident led Sky Mavis to become a fully antifragile, zero-trust organization. Sky Mavis has implemented rigorous internal security measures to prevent future attacks. All code has been fully reviewed and optimized, with security experts auditing the entire architecture. Audit information and security upgrade details can be found here.

Who Are the Creators of Ronin?

Ronin was created by [Sky Mavis](https://skymavis.com/), the team behind Axie Infinity and backed by top investors like Accel, a16z, Binance Labs, Animoca Brands, Paradigm, Libertus, Mark Cuban. Cofounders include [Jeffrey Zirlin](https://twitter.com/Jihoz_Axie) and [Alexander Leonard Larsen](https://twitter.com/Psycheout86).

What Is Ronin (RON)?

[Ronin](https://coinmarketcap.com/currencies/ronin/) is an [EVM](https://coinmarketcap.com/alexandria/glossary/ethereum-virtual-machine-evm) blockchain specifically forged for gaming. Launched by Sky Mavis, the creator of Web3’s breakout title [Axie Infinity](https://coinmarketcap.com/currencies/axie-infinity/) which has generated over $1.3B in revenue, Ronin is the only blockchain proven to scale a single game to accommodate millions of daily active users and has processed over $4B in [NFT](https://coinmarketcap.com/alexandria/glossary/non-fungible-token) volumes. Ronin optimizes for near-instant transactions and negligible fees that enable millions of in-game transactions to occur seamlessly, making it the leading choice for Web3 games. In its first nine months, Ronin has racked up 250,000 unique daily active addresses, $5 billion in [TVL](https://coinmarketcap.com/alexandria/glossary/total-value-locked-tvl), over 2 million wallet downloads, and 15% of all NFT transactions on the market. Its [DEX](https://coinmarketcap.com/alexandria/glossary/decentralized-exchange-dex) Katana is the second-most popular decentralized exchange by weekly active users and allows users to swap tokens within the Axie Infinity ecosystem.

Akash Network is a Supercloud spearheading a paradigm shift in cloud computing, disrupting conventional cloud services, and pioneering a revolution in access to essential cloud resources. Leveraging the power of blockchain technology, Akash Network has developed an open-source, decentralized, marketplace for cloud computing, offering an unprecedented level of speed, efficiency, and affordability. This innovation is set to transform the way users perceive and utilize cloud services.

What Is PancakeSwap V3?

PancakeSwap V3 introduces several key innovations and features to improve capital efficiency, lower fees for traders, increase earnings for liquidity providers and enhance the overall user experience. PancakeSwap V3 allows for capital concentration, enabling liquidity providers to focus their capital on specific price ranges rather than distributing it evenly across the entire price range. This concentration of capital where the majority of trading activity occurs can provide up to 4000x higher capital efficiency compared to V2, particularly for stablecoin pools. As a result, liquidity providers can earn significantly more fees on the same amount of liquidity. Traders also benefit from lower trading fees in V3, as there are now 4 tiers of fees: 0.01%, 0.05%, 0.25% and 1% compared to the fixed 0.25% fee in V2. The tiers cater to the needs of different trading pairs based on expected volatility and trading activity. Concentrating liquidity in active ranges also reduces slippage for traders. V3 also implements a smart router to find the best trading route across V3, V2 and StableSwap pools. For liquidity providers, the ability to choose fee tiers, customize price ranges, create non-fungible liquidity positions and concentrate capital provides more flexibility and potential to maximize earnings. V3 also introduces active liquidity farming, which rewards users in CAKE tokens when prices fall within the price ranges of their active liquidity positions. Other features include a VIP trading rewards program and position manager for easy single-click deposits. One of the newest and most innovative features added to PancakeSwap is the Position Manager. It introduces auto-compounding of rewards, thus all fees and rewards earned by the liquidity position are automatically compounded back into the pool. This exponentially grows a provider's position over time through the power of compound interest. Furthermore, the Position Manager handles gas fees and position rebalancing automatically, mitigating the risk of impermanent loss. Providers can supply liquidity in concentrated price bands to maximize fees from high trading volumes and choose strategies optimized for their risk tolerance.

What Is PancakeSwap?

Pancakeswap was originally built on the BNB Chain and allows users to trade tokens without using a centralized exchange. It provides an array of products, such as: - An exchange to swap tokens - A yield farm to earn rewards - Syrup pools to stake CAKE tokens - Ethereum liquid staking (wBETH) and simple staking - Pancake Protectors game - v3 position manager (new feature) - A prediction market - Initial Farm Offering (IFO) token launches - A bridge to bridge CAKE to Ethereum and Aptos - A lottery - An NFT marketplace Pancakeswap innovates quickly and ships new products regularly. In April 2023, PancakeSwap voted to transition to a deflationary token model called "Ultrasound CAKE." The protocol passed a proposal called CAKE Tokenomics v2.5 to create a structure combining real yield (no supply impact) and reduced token emissions. Over 102% of minted CAKE is burned weekly. This is intended to provide a multi-year runway for emissions and incentivize locking up CAKE, making the token more valuable long-term. PancakeSwap has an anonymous team of “Chefs,” working in the PancakeSwap “Kitchen.” The platform is open-source and has been audited by multiple reputable blockchain security firms like Peckshield and Slowmist. Although the bear market has impacted TVL and trading volume for the protocol, PancakeSwap still boasts an annualized revenue of $27 million, with 42% of CAKE is staked:

Where Can You Buy KuCoin Token (KCS)?

KuCoin Token (KCS) trading can be found on the following exchanges: * [KuCoin](https://coinmarketcap.com/exchanges/kucoin/) * [BitMax](https://coinmarketcap.com/exchanges/bitmax/) * [ProBit Exchange](https://coinmarketcap.com/exchanges/probit-exchange/) If you are curious about learning how to trade Bitcoin, you can find all of the[ ](https://coinmarketcap.com/how-to-buy-bitcoin/)information you need [here](https://coinmarketcap.com/how-to-buy-bitcoin/).

How Many KuCoin Token (KCS) Coins Are There in Circulation?

KuCoin Token’s (KCS) circulating supply is at 80,118,638 KCS as of February 2021, with a maximum supply of 170,118,638 KCS.

Who Are the Founders of KuCoin Token?

The KuCoin Exchange is a cryptocurrency exchange headquartered in Singapore. It launched on September 15, 2017. The company was originally co-founded in 2013 by the following people: COO Eric Don, marketing director Jack Zhu, president of business operations John Lee, operations and maintenance director Kent Li, chief legal consultant Linda Lin, CEO Michael Gan and CTO Top Lan.