After a two-year wait, the Flare token airdrop has finally happened with 4.28 billion flr tokens released to recipients today.
The first phase of the Flare token airdrop finally took place on Monday after a two-year delay.The Flare token airdrop finally happened after a two-year wait, with billions of tokens distributed to millions of recipients on Monday.
The 4.28 billion flr airdropped to users constitutes the initial airdrop for the project and amount to 15% of the project’s total supply. The remaining 85% will be distributed over the next three years, Flare stated in an announcement on Monday. This secondary phased distribution will proceed based on a communityHolders of the flr tokens from today’s airdrop will be able to vote on the governance proposal for the secondary distribution. To do so, they will have to wrap their flr tokens.
The Flare blockchain is a Layer 1 network that encompasses data acquisition protocols and an oracle service, with its Time Series Oracle providing highly decentralized prices and data feeds to crypto apps without the need for centralized data providers. Flare says its oracle service has about 100 independent data providers that deliver reliable data every three minutes.
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