This article is dedicated to helping you find out more about the FLOW token and finding a place to swap it safely online.
These days, crypto users crave something more than just being able to buy major cryptocurrencies and exchange BTC to Euro or ETH to Euro. Many blockchains outperform the star coins such as Bitcoin, Litecoin, and Ethereum.
FLOW, like many other crypto coins, can be bought at a number of exchanges online. However, there are many challenges on the way to purchasing or selling it quite securely and without fuss. With a big number of exchange services, this becomes even more difficult.
This article is dedicated to helping you find out more about the FLOW token and finding a place to swap it safely online. So, let’s get started.
What exactly is FLOW coin
Flow (FLOW) is the token created by Dapper Labs – the same company that had made the NFT game CryptoKitties. The Flow network was designed as a platform for blockchain games and different virtual collectibles. The main point of its existence is to replace the Ethereum network and solve all the issues that it posed.
If to speak about how the blockchain is made, let us imagine that it’s dividing the stages of a transaction validation into a few stages:
- Collecting nodes.
- Consenting nodes.
- Executing nodes.
- Verifying nodes.
The uniqueness of this network is delegating tasks in such a way that verification becomes more effective and less time-consuming.
As you already guessed, this token is the native token on this blockchain. In other words, Flow is the native token of the Flow protocol, so it takes part in all fee payments at the protocol level, as well as in staking operations and rewarding users. In addition, it is used to vote, send and share a currency, and grow Dapps.
Is Flow token a good investment in 2022
Now, it’s vital to weigh all the pros and cons before investing anything in it.
Regarding its positive sides, Flow is very consumer-oriented. It attempts to develop the network to such an extent that mainstream use would be possible. To achieve it, it even tried ‘fiat on ramping,’ which means placing dollars on the blockchain and using a Dapper account to manage both crypto and fiat. This makes a huge difference between Flow and other networks where blockchain wallets are a must.
On the other hand, it is just one blockchain that solves the problems with the Ethereum network and might meet fierce competition. In addition, it might only be successful while Ethereum 2.0 is in the process.
How to identify best places to purchase and sell Flow token
All official and reputable services for exchange basically differ only in a few things, such as fees, the number of cryptocurrencies and trading pairs available, payment methods, the extent of anonymity, and client support.
Among trustworthy places to purchase this token, we want to recommend LetsExchange. Here you can easily convert fiat to crypto and crypto back to fiat in one click. For example, exchange FLOW to USD or EUR. All in all, it’s possible to exchange any crypto to a dollar or euro here.
However, the functions aren’t limited to conversion only. The tools can calculate the optimal exchange rate for you, which means you will buy the token at the most profitable rate. Selling it doesn’t make a problem either. All you have to do is to mention the amount of Flow and the amount of other coins to get in return. The platform has over 730 coins and more than 52,000 trading pairs to choose from.
Tatiana is the news coordinator for TravelDailyNews Media Network (traveldailynews.gr, traveldailynews.com and traveldailynews.asia). Her role includes monitoring the hundreds of news sources of TravelDailyNews Media Network and skimming the most important according to our strategy.
She holds a Bachelor's degree in Communication & Mass Media from Panteion University of Political & Social Studies of Athens and she has been editor and editor-in-chief in various economic magazines and newspapers.