Flare Network Begins FLR Token Airdrop

Flare Network Begins FLR Token Airdrop

Flare – a layer 1 oracle network – has initiated its FLR token airdrop across multiple major exchanges including Binance, OKX, Kraken, Bithumb, UpBit, Kucoin, and BitBank, among others. 
With 4.279 billion FLR tokens distributed to millions of users, the airdrop marks one of the most large-scale token distributions in crypto history. 
According to a press release, Flare’s initial airdrop represents 15% of the FLR’s total token distribution. It took place at 23:59 UTC on January 9.
The remaining 85% of tokens will be distributed over the next 36 months according to the community vote on Flare Improvement Proposal 01.
If passed, the proposal would place a hard cap on FLR’s annual inflation at 5 billion tokens per annum. 
The Flare network is designed to allow developers to build apps that are interoperable with the internet and other blockchains. 
The network leverages its State Connector to let smart contracts securely interact with information sourced from other blockchai

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