Company Information

Get to know Flare

Flare is a blockchain network that aims to solve the data acquisition problem for decentralized applications. Its core technologies, the State Connector and the Flare Time Series Oracle (FTSO), are designed to provide dApps with secure and scalable access to a wide variety of off-chain data, such as transaction information from other blockchains and real-world data like price feeds. By expanding the utility of smart contracts with more data, Flare's mission is to enable the development of a new generation of decentralized use cases and foster greater interoperability within the blockchain ecosystem. The project gained initial prominence through its airdrop to XRP holders.

Industry

Crypto CryptocurrencyPRIMARY
Financial Other Service
Technology Software Development

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Flare

Australia

Founded in

Jul 2015 (11 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

Licenses

--/40

Reviews

--/60

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BridgerPay

(180 reviews)

Cyprus

2017

(9 years)

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This company is currently Unproved.

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.