Flare is the blockchain for building applications that use data from other chains and the internet.
I. Project Introduction
Flare is an EVM-based Layer 1 blockchain designed to allow developers to build applications that can use data from other chains and the internet. By providing decentralized access to high-integrity data, Flare enables new use cases and monetisation models.
Flare’s State Connector protocols enable information, both from other blockchains and the internet to be used securely, scalably and trustlessly with smart contracts on Flare.
The Flare Time Series Oracle delivers highly-decentralized price and data feeds to dapps on Flare, without relying on centralized providers.
Build on Flare with more data than ever before or build with Flare to serve multiple ecosystems.
II. Token Information
1) Basic Information
Token name: FLR (Flare)
Tokens in Circulation: 11,999,991,025 (9 January 2023)
TGE Date: 10 January 2023
2) Token Release Schedule
|Party||Tokens||%||Token Release Schedule|
|Flare Foundation (FF)||9,787,578,628||9.79%||Subject to 36-month vesting schedule, with 15% on token distribution event (TDE) and the remainder vesting in 35 monthly amounts of 2.37% of the total, and one final amount of 2.05% of the total in month 36.|
|Flare Networks Limited (FNL)||12,500,000,000||12.50%|
|Flare VC Fund||10,000,000,000||10.00%|
|Advisors||2,000,000,000||2.00%||Subject to 36-month vesting schedule, with 15%
on token distribution event (TDE) and the remainder vesting in 35 monthly
amounts of 2.37% of the total, and one final amount of 2.05% of the total in
No tokens permitted to be sold within the first 6 months. A maximum of 10% of vested tokens permitted to be sold within months 7-12. A maximum of 25% of total vested tokens (including any already sold) permitted to be sold within months 13-18.
|Rest Of Team||1,500,000,000||1.50%|
groups of backers have different vesting schedules. Allocations are
contingent upon certain conditions being met and are, therefore, not
Group 1 (3.1875B FLR) receives an initial allocation of 15% in month 6, with the remainder vesting across months 7-36 in 29 monthly amounts of 2.84% of the total and one final amount of 2.64%.
Group 2 (2.5B FLR) receives an initial allocation of 15% in month 13, with the remainder vesting across months 14-36 in 22 monthly amounts of 3.70% of the total and one final amount of 3.60%.
|Airdrop||4,278,738,206||4.28%||This initial airdrop will be completed during the token distribution event.|
|Delegation Incentives||24,246,183,166||24.25%||Subject to 36-month vesting schedule, with the full amount vesting in 35 monthly amounts of 2.79% of the total, and one final amount of 2.35% in month 36.|
|Cross-chain Incentives||20,000,000,000||20.00%||The lesser of 3% of circulating supply or 10% of the cross-chain incentive pool, calculated per annum and distributed pro rata per month.|
|Inflation||0||0.00%||Y1: 10% of circulating supply calculated per annum and distributed pro rata per month. Y2: 7% of circulating supply. Y3+: 5% of circulating supply.|
III. Related Links
Official Website: https://flare.network/
Whitepaper Link: https://flare.network/wp-content/uploads/Flare-White-Paper-v2.pdf
Blockchain explorer Links: https://flare-explorer.flare.network/
Community Related links:
Note: The project introduction comes from the materials published or provided by the official project team, which is for reference only and does not constitute investment advice. Huobi does not take responsibility for any resulting direct or indirect losses.
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