Flow

The Flow token is the native cryptocurrency of the Flow blockchain, which is designed to support scalable and decentralized applications, including games, collectibles, and other digital assets. The token serves several purposes within the Flow ecosystem, including as a means of payment for transaction fees, staking rewards for validators, collateral for secondary tokens, and as a form of on-chain governance.

One of the key features of the Flow token is its ability to support complex smart contracts and applications that require high throughput and low latency. To achieve this, the Flow network uses a unique architecture that separates computation and storage into separate layers, allowing for more efficient processing and improved performance.

In addition to its technical capabilities, the Flow token is designed to be accessible and easy to use for developers and end-users alike. To help onboard new users and developers onto the network, Flow offers a minimum balance requirement for storage that can be provided by developers on behalf of their users, or borrowed from the community through decentralized crowdfunding.

Overall, the Flow token is a critical component of the Flow ecosystem, serving as a means of exchange, store of value, and governance mechanism for a wide range of decentralized applications and services. As the network continues to evolve and grow, the Flow token is expected to play an increasingly important role in supporting innovation and creativity across a broad range of industries and use cases.

The Flow token is used for a variety of purposes within the Flow ecosystem, including:

• Transaction fees: FLOW is used to pay for transaction fees on the network, similar to how gas is used on the Ethereum blockchain.

• Network governance: FLOW is used to participate in network governance, where token holders can vote on proposals to change the protocol or allocate resources from the ecosystem reserve.

• Staking rewards: Validators on the network are rewarded with FLOW for processing transactions and securing the network.

• Secondary tokens: Some service protocols built on top of the Flow blockchain use infused tokens, which are backed by FLOW and can be used to participate in protocol governance.