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Currency
FLR(Flare)
Flare is the blockchain for building applications that use data from other chains and the internet.
Market Dynamics
Some data are from CoinGecko
Current Price
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Ranking
From CoinGecko Market Cap Rankings
96
ICO Date
2023-01-10
Total Supply
100000000000
Circulating Supply
11999991025 (9 January 2023)
Market Cap
---
Circulating Mkt Cap
---
The price range covers the costs of earlier institutional & individual investors.
Price for Earlier Investors
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FLR (Flare)
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)
Total supply:100,000,000,000
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 month 36.

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.
Founding Team 7,000,000,000 7.00%
Rest Of Team 1,500,000,000 1.50%
Future Team 3,000,000,000 3.00%
Backers 5,687,500,000 5.69% Two groups of backers have different vesting schedules. Allocations are contingent upon certain conditions being met and are, therefore, not guaranteed.

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.
Total 100,000,000,000 100.00% /



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:
Twitter: https://twitter.com/FlareNetworks
Discord: https://discord.com/invite/flarenetwork
Telegram: https://t.me/FlareNetwork
LinkedIn: https://www.linkedin.com/company/flarenetwork/
Medium: https://medium.com/flarenetwork



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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