Flow
About Flow
The price of Flow (FLOW) is $0.52823209 today, as of Sep 16 08:26 p.m., with a 24-hour trading volume of $21.48M. Over the last 24 hours, the price has decreased by -4.33%. Flow currently has a circulating supply of 1.53B and a market cap of $809.13M.
FLOW is the native coin of the Flow blockchain, a network primed for non-fungible tokens (NFTs). It’s the creation of Dapper Labs, a company staffed by several of the developers of the popular Ethereum NFT standard, ERC-721.
FLOW started life in January 2021 at $6.90, then soared to highs of $46.16 on April 5, 2021, just as the crypto market hit its peak for that year. FLOW crashed over the course of the following year, falling to $2.40 by June 2022.
Flow raised $8.5 million in a private token sale in November 2020, plus $24.6 million from selling convertible notes to private investors in August 2019 and August 2020, according to data from Messari. These sales amounted to 33% of the token’s initial supply of 1.25 billion FLOW coins. The founders kept another 38% and will distribute the remaining 29% through rewards and airdrops by 2026.
FLOW is inflationary but capped at 1.349 billion; it increased its supply by 5% its first year until June 2022, when annual issuance fell to 3%. The blockchain issues new FLOW coins when transaction fees aren’t raising enough to pay the validators that confirm transactions on its proof-of-stake blockchain.