What Is Gatehub (FLR)?
Gatehub FLR is a token provided by Gatehub on the XRP ledger, with its value pegged and supported by Spark (FLR). Spark (FLR) stands as the native currency of the Flare Network, a groundbreaking layer 1 EVM blockchain network with the primary goal of introducing smart contract capabilities to various other networks, particularly those that do not inherently support smart contracts, such as the XRP Ledger.
The Flare Network has been meticulously crafted to seamlessly integrate with a multitude of blockchain networks and facilitate the development of smart contracts using the widely adopted Solidity programming language, prevalent within the Ethereum ecosystem. In its quest to incentivize network participants and ensure network security, the Flare Network has designed its native token, Spark (FLR), while employing a proof-of-stake consensus mechanism.
Furthermore, the Flare Network has ambitious plans to support the creation of "f-Assets," which represent synthetic versions of other cryptocurrencies, including Bitcoin and Litecoin. These f-Assets find utility within smart contracts on the Flare Network.
It's worth mentioning that Flare was originally conceptualized by Hugo Philion.
Gatehub FLR essentially represents a pegged version of the original Flare Network token developed by Hugo Philion on the XRP Ledger. These pegged issuances, including Gatehub FLR, can be exchanged for a fungible asset, such as USD, EUR, GBP, gold, or various cryptocurrencies, on their respective native networks.
Flare, operating as an EVM-based layer 1, is steadfast in its mission to enhance the utility of blockchain by providing developers with decentralized access to high-quality data from other chains and the broader internet. This innovative approach fosters new use cases and monetization models, while empowering decentralized applications to serve multiple chains through a single deployment.
Although anyone can issue a crypto asset, it's essential for individuals or organizations to trust that the issuer can redeem it for the underlying asset if they want to accept payment in that asset. GateHub is one such organization that has gained the trust of its users.
Gatehub FLR and other XRPL tokens that are pegged provide a valuable means of gaining exposure to the asset, as well as a decentralized blockchain-based tool for the transfer of value.
Who Are the Founders of Gatehub?
Enej Pungerčar is the founder and CEO of Gatehub. GateHub is a platform for the Internet of Value, built on XRP Ledger protocol. It allows everyone to send, receive, trade and manage any type of assets.
What Makes Gatehub Unique?
Gatehub is a decentralized exchange running on top of the XRP ledger that offers various innovative features, including wallet protection and stablecoin issuance. Its user-friendly interface is easy to understand, enabling users to send money through email and even international wire transfers.
Gatehub Wallet
The Gatehub wallet provides support for not only XRP and over 100+ XRPL IOU tokens but also has multi-currency capabilities, enabling users to send and receive payments from any supported network. With the ability to instantly exchange assets using the best rates provided by multiple sources, Gatehub ensures the best possible exchange for its users.
Wallet Protect
Wallet Protect is a service provided by GateHub, a cryptocurrency wallet and exchange platform. It is a yearly paid subscription that provides protection for cryptocurrency stored in a user's wallet by making the wallet a "multisignature" or "multisig" wallet. Transactions are signed by multiple keys, increasing security and allowing for easy recovery in case of emergency. Wallet Protect also includes Fraud Shield, which scans destination addresses through fraud checks to help prevent losses of funds, and Theft Cover provided by Coincover, which provides up to $100k of coverage in case of theft. Wallet Protect users also receive a personalized certificate confirming their coverage level and protection.
Gatehub Transfer Fee
Gatehub's current policy on FLR tokens on the XRP ledger includes a transfer fee of 0.3%. This indicates that whenever FLR tokens are moved on the XRPL, a fee of 0.3% is charged on the transferred amount.
Related Pages:
Read more about: Gatehub
Learn more about: Gatehub Ecosystem.
Visit: Gatehub.net.
How Many Gatehub FLR Are There in Circulation?
There is an initial maximum supply of 14,214,023.20 FLR tokens, of which an estimated 13,325,941.07 FLR are currently in circulation as of March 2023. Check out Gatehub.net to learn more.
Where Can You Buy Gatehub FLR?
Gatehub FLR is a token trading on the XRP ledger DEX, the most straight forward way to acquire FLR tokens would be to purchase them through XRPL DEX.
If you are looking for alternative exchanges where you can purchase Gatehub FLR, Bitrue is a good choice. Keep in mind that investing in cryptocurrency can be risky, just like investing in any other type of asset.
How to stay tuned for further updates?
If you wish to receive more updates about the Gatehub ecosystem and any upcoming events, we suggest you follow @GateHub on Twitter.
