Crypto Flare (FLR) Completes Token Distribution Event

Flare to airdrop

Cryptocurrency Flare (FLR) completed its first token distribution event (TDE) on the 10th.

The snapshot to determine the distribution target was done in December 2020, so it will be an airdrop over the next two years. Flares will be distributed to holders of the virtual currency XRP, but not all eligible people have received them yet, as the response differs depending on the exchange.

TDE successfully completed.

Thank you to all who participated & watched the live stream. During the event, we highlighted the core protocols #Flare is building, as well as demos from our partners & builders.

If you missed the live stream, a replay is available https://t.co/ERcopIrJJ9

— Flare (@FlareNetworks) January 10, 2023

On overseas exchanges, Binance and others have completed distribution to target users. Exchanges such as Kraken and OKX have already launched physical trading. At the time of writing, it is priced at $0.039, according to data from CoinGecko. Compared to the 24-hour period, it is down about 73%.

Regarding Japanese exchanges, bitbank will grant the target to the target today and will also list it. It also explained that it will start accepting applications for rental services.

Relation: bitbank and SBIVC announce flare (FLR) handling and airdrop grant

Also, in December last year, bitFlyer announced that it would handle flares and airdrop within two weeks of TDE. On the 6th of this month, it was announced that the SBIVC trade will also be distributed to the target audience.

Relation: bitFlyer to grant airdrops and start handling virtual currency flair (FLR)

What is flare

Flare is also the name of a blockchain with the concept of “connecting everything”. According to the official website, the main products are the following two.

• Flare Time Series Oracle: A Distributed Oracle Network
• State Connector: Ability to retrieve data from external blockchains and the internet

Originally, development was started with the aim of implementing smart contracts on “XRPL (XRP Ledger)” and other L1 chains and expanding their functions, but it was relaunched as a new network in July 2022.

At that time, the name of the native token was also changed from “Spark” to Flare.

Relation: What is Flare Network?

In addition, the flair that airdropped this time was the first distribution, 15% of the total distribution amount. The remaining 85% will be distributed over 36 months, according to a method determined by community voting.

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