Vladislav Sopov

One more cryptocurrency may join the club of F-Assets, Flare-based synthetics. And this one is special for crypto history?

Initially, FXRP used to be the only basic asset in the Flare protocol design. Then, Flare Networks dropped a bombshell with its decision to add Litecoin (LTC) and, subsequently, F-LTC. Meanwhile, it was stressed that Flare is open for many other valuable assets. Guess which one is being discussed right now by the Flare community and administration as a candidate for the next addition?

Why do we need Dogecoin (DOGE) on Flare?

Yesterday, on Jan. 22, one Twitter user who goes by @RyanPrentiss mentioned Dogecoin (DOGE), the memetic Litecoin fork from 2013, as a perspective addtion to Flare’s ecosystem. The Flare team responded promptly and explained why the release of F-DOGE may be a smart bet.

Read Also:   Bitcoin Analyst: $30k Would be a 'Red Alert' Zone for BTC

Flare Networks team considers adding DOGE as F-asset

Image via Twitter

According to Flare’s team, Dogecoin (DOGE) may be useful in the segments of digital art and non-fungible tokens (NFTs). Some commentators below this tweet added that Dogecoin (DOGE) is also supported by a passionate community and is mined by many Litecoiners.

Hugo Philion, CEO and founder of Flare Networks, the team behind the Flare blockchain, highlighted the parameters used to choose potential F-assets:

First the F Asset protocol should bring as much value as possible that exists in crypto to one place, Flare. Amassing value makes it easier for other markets to come to Flare.

As a result, the final decision about whether a certain coin should be added to Flare mechanisms as an F-Asset is always up to projects’ communities.

Read Also:   Survey finds 5% of corporate CFOs plan to buy Bitcoin in 2021

Is Flare community ready for DOGE?

As such, Flare Networks published a poll to find whether the crypto community wants to see DOGE as the third F-Asset besides Litecoin (LTC) and XRP. At press time, almost 10,000 Crypto Twitter inhabitants have shared their opinions.

53% of Flare Community members are ready for the F-DOGE

Image via Twitter

 

While opinion is divided, almost 53 percent of visitors to Flare Networks’ Twitter page are ready to see F-DOGE as one of Flare’s assets.

As covered by U.Today previously, Dogecoin (DOGE) made headlines last summer. Thanks to the first-ever “TikTok pump,” its price rallied 300 percent in a few days.

This magic breakthrough even attracted the attention of Tesla’s Elon Musk. Meanwhile, DOGE erased all gains in September 2020 when the DeFi-inspired “altcoin season” ended.

Read Also:   What happens to Bitcoin after 9% plunge in 2 Hours? Analysts explain




Download MAXBIT Android App, Your best source of all crypto news!
Google Play

Source link


Flare Networks (FLR) Considering Adding DOGE as F-Asset. Why?

by Alex Dovbnya
Choose A Format
Poll
Voting to make decisions or determine opinions
Story
Formatted Text with Embeds and Visuals
List
The Classic Internet Listicles
Meme
Upload your own images to make custom memes
Video
Youtube, Vimeo or Vine Embeds
Audio
Soundcloud or Mixcloud Embeds
Image
Photo or GIF
Gif
GIF format