Cryptocurrency Q&A
Is FLR an ERC 20 token?
Is FLR an ERC 20 token?
Tommaso
Mon May 27 2024
|
7 answers
1935
Could you please clarify for me if FLR is indeed an ERC 20 token? I've been trying to understand the technical specifications of this cryptocurrency and I'm a bit confused. ERC 20 tokens are based on the Ethereum blockchain, but I'm not sure if FLR falls into this category. Could you explain how FLR differs from ERC 20 tokens, if it does? And if it's not an ERC 20 token, then what type of token is it and how does it operate? I'm eager to learn more about its functionality and integration within the crypto ecosystem. Thank you for your assistance in clarifying this matter.
7 answers
RubyGlider
Wed May 29 2024
The tokens $FLR and $SGB stand apart from the ERC-20 standard. Instead, they occupy a unique position in the cryptocurrency ecosystem.
Was this helpful?
116
36
KimchiQueenCharm
Wed May 29 2024
$FLR, specifically, serves as the indigenous currency of Flare, the Main network. This network offers a robust infrastructure for digital asset transactions.
Was this helpful?
253
63
BlockchainBaron
Tue May 28 2024
On the other hand, $SGB fulfills a similar role within Songbird, known as The Canary network. It acts as the native token, powering transactions and serving as a fundamental component of the network.
Was this helpful?
379
91
FireFlyer
Tue May 28 2024
Among its offerings, BTCC enables users to trade and manage $FLR and $SGB tokens. This allows investors to capitalize on the unique opportunities presented by these non-ERC-20 tokens.
Was this helpful?
367
26
Dario
Tue May 28 2024
The distinction from ERC-20 tokens is significant. ERC-20 is a widely adopted standard for tokens built on the Ethereum blockchain, but $FLR and $SGB operate independently.
Was this helpful?
277
39
Load 5 more related questions
