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In a move that could signal that a mainnet launch is just around the corner, Flow – the Cryptokitties blockchain and NBA developers Topshot Dapper Labs – has launched Flow Port: a tool for token holders to manage, place stake and delegate your own Flow cryptocurrencies.
The announcement focused heavily on how users can stake their FLOW tokens through custodianship providers like Kraken and Coinlist, as well as delegating their tokens to currently existing node operators. However, those wishing to manage their own node may face a lengthy review process: the announcement notes that there is a long waiting list that will be “processed on an ongoing basis”.
The announcement notably includes support from cryptowallet giant Ledger, which will allow FLOW token holders native access to Flow Port via their hardware wallets. Wallet provider Upstart Blocto will also offer access, as well as a cross-chain USDT stablecoin transfer mechanism.
In a statement to Cointelegraph, Dapper Labs CEO Roham Gharegozlou noted that the portal offers a wide range of options for token holders who wish to participate in the network.
“Flow Port allows anyone to create and manage unsecured Flow accounts with any number of providers, starting with Ledger hardware wallets and Blocto software wallets,” he said. or delegating to one of the 300 existing nodes that will be up and running at the start of staking, including nodes managed by major partners such as Samsung, Ubisoft and T-Systems. “
The launch of the level one chain has been highly anticipated by many and Dapper has been preparing for months on multiple fronts.
Preparations include a massive fundraising from hedge funds and NBA players, a recent Dutch auction-style token that saw a 4-fold increase in price from the FLOW community sale, and an integration with Binance’s stablecoin, BUSD.
An old commercial adage goes: “Buy the rumor, sell the news”, but perhaps in Flow it could be the exception ready to get out of the gate with a strong throw.
