a new cryptocurrency with a project Flare Network (FLR)is approaching the distribution phase.
Flare Network during token distribution Ripple (XRP) It has previously announced that it will distribute an airdrop to its owners. Today, updated details on token distribution were shared on the Flare Network Twitter account.
ℹ️The Flare launch involves a series of sequential phases with defined triggers for each transition.
We have created a detailed document to help the #flare community navigate the process.
Check it out here👇 https://t.co/gMImOfQ9Wd
— Flare ☀️ (@FlareNetworks) October 7, 2022
Flare Network made the following statement for the scheme it shared on its blog site:
“The main purpose of the diagram we shared is to clearly explain to investors how each stage of network startup will take place. We don’t want my investors to be confused.”
Officials noted that the launch process is divided into a series of phases based on community votes. Flare Network promises a new consensus system.
When will the airdrop be?
The Flare network was officially launched on July 14, 2022. which will be distributed to XRP holders FLR announced that its tokens will be distributed between October 24 and November 6.
15% of the FLR tokens that will be airdropped to XRP holders who pre-apply in 2020 will be distributed immediately and the rest within 30 months.
The FLR network is still in beta. Beta testing of the network is expected to be completed in the spring of 2023.
Flare Network actively uses Ripple’s Ledger infrastructure.
XRPUnlike many cryptocurrencies that are selling today, it has gained 5% in the last 24 hours. As of writing, it is trading at $0.52.
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