Flow by Dapper Labs (The company which created CryptoKitties) is a blockchain network that aims to be fast, secure, and developer friendly.
The idea for a new blockchain targeting games and social networks was conceived after Ethereum faced large scalability issues as seen with the high transaction fees during the CryptoKitties hype. The Flow team deduced shards and sidechains were not long term solutions for apps that strive for performance.
Flow raised $ 18 M in Public Sale round on October 10,2020.flow launches $725 million ecosystem fund to drive innovation across the flow ecosystem,The largest joint commitment made towards any blockchain ecosystem, the Ecosystem Fund participants will provide existing and future developers with support in building applications on the Flow blockchain through investments, FLOW token grants and in-kind support.
Investors include large backers such as Andreessen Horowitz, Warner Music Group, Union Square Ventures, Digital Currency Group, and more.
Above are only for introduction, not intended as investment advice.
Explore the tokenomics of Flow (FLOW) and review the project details below.
What is the allocation for Flow (FLOW)?
According to the official website, the genesis block was created in June 2020, with 1.25 billion FLOW. The breakdown of genesis block holders is outlined below:
- 32% is allocated to Ecosystem development
- 20% is allocated to Dapper Labs
- 18% is allocated to Development Team
- 10% is allocated to Community sales
- 11.1% is allocated to Large Backers
- 8.9% is allocated to Small Backers
What is the supply schedule for Flow (FLOW)?
According to the official website, validator rewards were enabled on the mainnet in December 2020, which is considered as the staking rewards part and will increase the total supply of Flow token. You can read the indicative inflation schedule on https://flow.com/token-distribution
For more accurate information of Flow supply, you can visit https://www.flowdiver.io/
Flow by Dapper Labs (The company which created CryptoKitties) is a blockchain network that aims to be fast, secure, and developer friendly.
The idea for a new blockchain targeting games and social networks was conceived after Ethereum faced large scalability issues as seen with the high transaction fees during the CryptoKitties hype. The Flow team deduced shards and sidechains were not long term solutions for apps that strive for performance.
Flow raised $ 18 M in Public Sale round on October 10,2020.flow launches $725 million ecosystem fund to drive innovation across the flow ecosystem,The largest joint commitment made towards any blockchain ecosystem, the Ecosystem Fund participants will provide existing and future developers with support in building applications on the Flow blockchain through investments, FLOW token grants and in-kind support.
Investors include large backers such as Andreessen Horowitz, Warner Music Group, Union Square Ventures, Digital Currency Group, and more.
Above are only for introduction, not intended as investment advice.