Flare (FLR) airdrops 15% of total offer to XRP holders ahead of correcting by 76%

Flare (FLR) airdrops 15% of total present to XRP holders before correcting by 76%

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The Flare (FLR) token airdrop began on Mon., Jan. 9, in the case of 2 years after a snapshot of Ripple (XRP) holders took insist on Dec. 12, 2020. The FLR airdrop used to be dispensed at a ratio of 1.0073 FLR per 1 XRP and the initial distribution noticed 15% of the total present released to the neighborhood.

A total of 28.5 billion FLR were dispensed per this system and per Flare’s tokenomics, 58.3% of the total genesis FLR present might maybe be dispensed over 36 months.

<em>Flare initial token distribution allocation. Source: Flare</em>
<em>Flare network block explorers. Source: Flare</em>
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