Flare (FLR) Airdrop Finally Starts Oct. 24

Flare (FLR), a blockchain focused on cross-net­work inter­op­er­abil­i­ty and bring­ing smart con­tracts to non-pro­gram­ma­ble chains, is almost ready to start FLR dis­tri­b­u­tion to XRP holders.

Flare (FLR) approaches decentralization and airdrop: New deadlines

Accord­ing to an offi­cial announce­ment shared by the Flare Net­work (FLR) team, its pro­to­col is final­ly achiev­ing decen­tral­iza­tion gov­er­nance. For the next six to nine months, the net­work will oper­ate in Beta Mode.

Token Dis­tri­b­u­tion Event (TDE) News#Flare will be decen­tral­ized on or around 24th Octo­ber, enter Beta Mode, and be ready to ini­ti­ate token dis­tri­b­u­tion.
1/3 pic.twitter.com/oBGeCavvdZ

— Flare ☀️ (@FlareNetworks) Octo­ber 21, 2022

Cur­rent­ly, the net­work’s trans­ac­tion val­i­dat­ing process is ful­ly decen­tral­ized: over 100 inde­pen­dent val­ida­tors are in charge of keep­ing net­work integri­ty and attack resis­tance. With that mile­stone accom­plished, the team is ready to dis­trib­ute FLR tokens to all eli­gi­ble wal­lets — both exchange-based and non-cus­to­di­al ones.

As such, the team is start­ing to dis­cuss the air­drop with the sup­port­ing exchanges (over 100 plat­forms): their users are respon­si­ble for 9 out of 10 wal­lets eli­gi­ble for the air­drop. As a result of “con­struc­tive con­ver­sa­tions,” XRP tokens will be released by exchanges two weeks after the offi­cial Token Dis­tri­b­u­tion Event (TDE) date.

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While the net­work is almost ready for the dis­tri­b­u­tion, based on the esti­mat­ed dis­cus­sion time­lines and Christ­mas hol­i­days, the final date of tokens being air­dropped to end user wal­lets will be by Jan. 9, 2023. How­ev­er, should exchanges be able to dis­trib­ute FLR in Decem­ber, Flare’s instru­ments will be ready.

How many crypto users will receive FLR?

The Flare (FLR) team is fas­ci­nat­ed by the scale of its token dis­tri­b­u­tion. They esti­mate the final num­ber of the cryp­tocur­ren­cy hold­ers ready for par­tic­i­pa­tion in the FLR air­drop to be between 5 and 10 million:

We esti­mate that 5–10 mil­lion indi­vid­u­als will receive FLR dur­ing the pub­lic token dis­tri­b­u­tion, and the exchanges have a very impor­tant task in ensur­ing that all of their cus­tomers’ funds are dis­trib­uted safe­ly. Flare Net­work is one of the largest token dis­tri­b­u­tions that blockchain has ever seen. 

As report­ed by U.Today pre­vi­ous­ly, FLR tokens will be air­dropped to all own­ers of XRP who took part in the snap­shot event on Dec. 12, 2020. All major cen­tral­ized cryp­tocur­ren­cy exchanges sup­port­ed the air­drop: their users will get FLR pro­por­tion­al­ly to their XRP hold­ings at the snap­shot date.

Since 2020, the Flare (FLR) net­work has orga­nized a series of test­nets (“Cos­ton”) and launched Song­bird (SGB), a canary net­work for Flare’s mainnet.