According to the statement made by Flare Network developers 2.1 billion FLR tokens will be burned.
According to the statement made by the Flare team, this token burning plan to support the ecosystem prepared.
Total supply of FLR with burned tokens more than 2% will be permanently removed from circulation.
Token burning transactions will take place on a calendar basis. First, 198 million FLR will be burned, and then 66 million tokens will be burned monthly until January 2026.
“We are delighted to be able to reach an agreement with our shareholders and thank them for their support,” said Flare CEO Hugo Philion. said.