Flare token1/30/2024 This function offers powerful data to the network in a decentralized manner on-chain, facilitating the development of cross-chain solutions. It leverages two interoperable protocols to power its application-building suite: the State Connector and the Flare Time Series Oracle (FTSO).Īccording to their white paper, the State Connector protocol enables smart contracts to interact securely with information and data from other blockchains and internet sources. The Flare network serves as an oracle network that allows developers to build apps that are interoperable with the internet and other blockchains. FLR tokens were distributed at 1:1, meaning that XRP holders received 1 FLR for every 1 XRP held.įortunately, Celsius Network (which is now bankrupt) obtained Court approval for XRP token holders to also receive the Flare ($FLR) token airdrop. Over 4.28 billion Flare ($FLR) tokens were airdropped to XRP holders holding at least 1 XRP based on a snapshot taken in December 2020. If passed, the proposal would place a hard cap on FLR’s annual inflation at 5 billion tokens per annum. The remaining 85% of tokens will be distributed over the next 36 months according to the community vote on Flare Improvement Proposal 01 (FIP.01).
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