The FIP.01 proposal modifies the way in which the airdrop works. The claiming process is described in this (slightly outdated) Flare blog post. This proposal needs to be voted on according to the schedule described in this page.įlare Airdrop for XRP Holders: Certain holders of XRP tokens on Dec 12, 2020, were eligible to register for the FLR token distribution (then called Spark tokens) once the Flare network launched. Some definitions are required so the rest of the page is clear and unambiguous.įIP.01: A governance proposal that, among other things, changes the initial token distributions as explained below. The secondary goal is to serve as a real-time tracker of the current phase.Ĭlick on a phase to navigate to its description. The main goal of this page is to remove any confusion around the launch process by clearly describing the purpose of each phase and what happens in them. A total of 4.28 billion FLR were distributed to XRP holders.The Flare launch is delicate, as it involves a rather large airdrop, a community vote, and the deployment of a novel meritocratic consensus system.įor this reason, it has been divided into a series of sequential phases with clearly-defined triggers that signal each transition. Over 52 cryptocurrency exchanges supported the FLR token airdrop to XRP holders, distributing tokens at a 1:1 ratio, meaning that for every 1 XRP held at the time of the snapshot, investors received 1 FLR token. While the snapshot was in late 2020, the tokens started being distributed earlier this year, with the rest set to be distributed over the next three years. In a tweet shared with their over 500,000 followers, MathWallet noted that users can access decentralized applications on the network using it.Īs CryptoGlobe reported, those holding $XRP back on Decemhave received $FLR tokens as part of an airdrop that initially distributed 15% of the cryptocurrency’s total supply. STP.02 aims to encourage increased network decentralization by reducing the barrier to entry for new data providers while still maintaining a strong incentive for reliability and accuracy.Īnother reason that may be behind the cryptocurrency’s recent rise may be an integration from a major cryptocurrency wallet provider, MathWallet. This is intended to enable more data providers to cover their infrastructure costs with their rewards. The proposal retains a “higher rewards allocation to submissions closer to the median value,” while avoiding risks associated with a low number of data providers. The band widens the scope of data providers who can receive rewards, with these providers being entities that reliably supply data to decentralized applications via the FTSO mechanism. FLRUSD Chart via TradingViewĪccording to a recent post from the Flare Network, the Songbird Test Proposal 02 has launched on the network, adding a secondary band to the Flare Time Series Oracle (FTSO) reward calculation, further supporting its decentralization. Coinbase’s listing roadmap was created to promote transparency and prevent insider trading on its listings. The bearish trend if occurring at a time in which the US Commodity Futures and Trading Commission (CFTC) sued leading crypto trading platform Binance for allegedly evading US rules.įLR’s price, however, surged over 30% over the same period, likely as a result of a new upgrade going live on the network and as it was added to Coinbase’s listing roadmap. ![]() The price of the native token of the Flare Network ($FLR), has been bucking a recent bearish trend in the cryptocurrency pace that has seen the flagship cryptocurrency Bitcoin ($BTC) lose over 5% of its value over the last few days.
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