Please note: like most trading venues, we display the current mid-market rates in our price charts. When you trade, you get the current bid or ask price depending on whether you are buying or selling. There is always a slight difference between the mid-market and the current bid or ask prices. This is a natural result of how Exchange order books work.
Note: this cryptocurrency is not available for withdrawal to external crypto wallets. It can be bought, held, and sold on Uphold.
About Flow (FLOW)
The Flow Network, often thought of as a do-it-yourself blueprint for blockchain-based digital projects, enables developers, large studios – even individuals – to create games, applications, and non-fungible tokens (NFTs).
Flow was designed for ease of access such that a dramatically more expansive set of craftspeople might participate in the task of building a borderless digital economy.
The cornerstone of this decentralized products/services wellspring: the FLOW coin.
FLOW represents several pertinent use cases, including transaction-fee settlement, node-validator compensation, and, importantly, proper governance.
Flow is the brainchild of Dapper Labs – the team that created NBA Top Shot (tokenized basketball highlights) and those NFT-pioneering CryptoKitties. A number of high-profile companies (Samsung, Ubisoft, Warner Music Group, and UFC) are utilizing Flow to build next-generation consumer experiences.
With continued focus surrounding blockchain scalability, the Flow project stands out for at least one noteworthy reason, its multi-role architectural solutions. In the past, the only way blockchain networks such as Ethereum could ramp up processing capacity for transactions was by splitting the blockchain into partitions that each contain separate data points, a technique known as “sharding.”
Flow’s technological design allows it to massively scale up, accommodating a diverse set of clients and audiences under one roof. The network is secured through what’s considered to be a relatively more environmentally friendly Proof-of-Stake (PoS) consensus algorithm. Potential validators stake FLOW tokens, participating by way of four distinct, pre-assigned sub-tasks (collection, consensus, execution, and verification); the protocol automatically adjusts its reward scheme to improve the payouts for any one of these operations, thus incentivizing the widest possible participation while correcting any speed imbalances across the four stages.
The current circulating supply of FLOW is about 42 million tokens.
A note on supply: specific quantities of FLOW are automatically minted whenever node validators need to be made whole in terms of compensation i.e. if transaction fees are insufficient. This way, as transaction volume on Flow increases, fees will rise, offsetting the need for new tokens, curbing inflation.
What is the Price of Flow?
As of mid-June 2021, FLOW is trading at around $13.
In the four months following its issuance early in 2021, the coin registered a 75% gain. An all-time high of $42.40 was reached on April 5, 2021. FLOW is the 119th largest coin in terms of total market capitalization, per CoinGecko.
The daily average trading volume was about $84 million in May 2021, representing a decline of 17.9% compared to the prior month.
With the recent buzz surrounding NFTs, FLOW has gained heavy traction. That’s because it is seen by some as a proxy for NFT investing. Since these digital collectibles can be bought or sold via a few of Flow’s applications, some investors have come to see a purchase of FLOW as an indirect, cost-efficient investment in the NFT marketplace. Their beliefs are centered around the theory that FLOW holders will be direct benefactors of increasing NFT trading volumes on the network.
How to buy Flow (FLOW)
With Uphold, you can buy digital currencies in just 11 clicks - even if you don’t have an account yet.
Nothing could be easier.
Here’s how fast it is to get started:
1. Go to Uphold.com and click sign up.
2. Enter your email address and personal details.
3. Click the link we send you and create a password
… and you’re off to the races!
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