Flare Network Launches Monthly Token Airdrop As FLR Price Craters Amid Bearish Crypto Market Movement

Layer-1 blockchain undertaking Flare Community (FLR) has launched its fourth month-to-month neighborhood airdrop for token holders.

Based on the undertaking’s web site, Flare’s month-to-month drops will be claimed by all Wrapped FLR (WFLR) holders.

WFLR holders should have held the wrapped token for 23 days earlier than every declare day to be eligible to assert a portion of that month’s FlareDrop, in accordance with the put up.

The Flare crew chooses three random blocks throughout that 23-day interval to calculate the typical holdings of all wallets. For the June airdrop, the crew calculated that 6,120,632,297 WFLR is eligible for the drop. The drop’s distribution ratio is 11.0505 FLR for each 100 WFLR held, in accordance with Flare.

?#FlareDrop.04 is out there to assert.

?WFLR holdings have been calculated based mostly on blocks 9,003,865, 9,378,624 and 9,620,514.
?6,120,632,297 WFLR is eligible for the drop.
??The FlareDrop.04 ratio stands at 11.0505 FLR for each 100 WFLR held. pic.twitter.com/QR9b5wLGCx

— Flare ?? (@FlareNetworks) June 16, 2023

Flare Community, with its native FLR token, goals to primarily carry good contract capabilities to varied blockchain networks, beginning with XRP and later Litecoin (LTC).

FLR was first distributed to XRP holders in January based mostly on a snapshot of the XRP Ledger (XRPL) taken in late 2020. The 117th-ranked token by market cap is buying and selling at $0.0144 at time of writing.

FLR has plummeted by greater than 90% from its all-time excessive of $0.150073, which it set on January tenth, the day after its preliminary airdrop. The token can be down greater than 20% in simply the previous seven days.

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