Exciting news for the Flare community! If you’re holding Wrapped FLR (WFLR) or staking FLR, you might be in for a treat. The Flare Network, a layer-1 blockchain backed by Ripple, has just announced the release of its latest FLR token airdrop – FlareDrop.10! Missed out on previous crypto airdrops? This is another opportunity to boost your crypto portfolio with FLR tokens.
What’s the Buzz About the New Flare (FLR) Airdrop?
FlareDrop.10 is the tenth installment in Flare Network’s ongoing commitment to distribute FLR tokens to its active community members. This distribution is part of a larger plan to progressively release FLR tokens initially allocated to XRP holders from a 2020 snapshot. Think of it as a reward for being part of the Flare ecosystem!
- New Airdrop Alert: Flare Network’s FlareDrop.10 is now claimable.
- Who’s Eligible? WFLR holders and FLR stakers are in line for this airdrop.
- Easy Claim Process: Claim your tokens through the Flare Portal.
Let’s dive deeper into what this means for you and how you can get your hands on these FLR tokens.
FlareDrop.10: What You Need to Know
Flare Network officially announced the availability of FlareDrop.10 on Twitter. This particular airdrop is designed for users who have been holding Wrapped FLR (WFLR) for at least 23 days leading up to the snapshot. Good news for stakers too! If you’re staking your FLR, you’re also eligible for this distribution.
Remember the initial airdrop back in January? That was just the beginning! In January, a significant 4.28 billion FLR tokens were distributed to XRP holders – a generous 15% of the total allocated supply. But Flare isn’t stopping there. They’ve committed to distributing the remaining tokens over a period of 36 months through these monthly FlareDrops.
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The Grand Plan: 36 Months of FlareDrops
Flare is dedicated to a long-term distribution strategy. Here’s a breakdown of the FlareDrop plan:
- Total Airdrop Tokens: A massive 24.2 billion FLR tokens are earmarked for distribution over 36 months.
- Monthly Distributions: These are split into 36 monthly ‘FlareDrops’.
- Consistent Schedule: Starting March 17, 2023, tokens become claimable at noon UTC every 30 days.
- Distribution Amounts: For 35 months, 676,040,637 FLR will be distributed monthly, with a slightly smaller final distribution of 584,760,871 FLR in the 36th month.
FlareDrop.10 is simply the latest step in this ongoing distribution, with 26 more drops to look forward to!
How to Claim Your FlareDrop.10 Tokens?
Claiming your FLR tokens is straightforward. You’ll need to use the Flare Portal. Here’s a quick guide:
- Visit the Flare Portal: Go to the official Flare Portal.
- Connect Your Wallet: Connect the wallet you used to hold WFLR during the snapshot period. Ensure it’s compatible with the Flare Network.
- Check Eligibility: The portal will automatically check if your wallet is eligible for the FlareDrop.10 based on your WFLR holdings.
- Claim Your Tokens: If eligible, follow the prompts to claim your FLR tokens.
Important Note: Make sure you are using the official Flare Portal to avoid any potential scams or phishing attempts.
FlareDrop.10 Ratio and Calculation Blocks
For FlareDrop.10, the distribution ratio is approximately 5.45558 FLR for every 100 eligible WFLR held. This means the more WFLR you held, the larger your airdrop.
The average WFLR holdings for FlareDrop.10 were calculated using these specific block heights:
- Block 15,881,442
- Block 16,111,972
- Block 16,482,724
These block heights represent snapshots of the Flare network at specific points in time, used to determine WFLR holdings for the airdrop calculation.
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Why is Flare Distributing Airdrops?
Airdrops are a common strategy in the crypto world to:
- Decentralize Token Distribution: Airdrops help distribute tokens more widely, fostering decentralization.
- Reward Community Members: It’s a way to reward early supporters and active participants in the network.
- Increase Network Awareness: Airdrops generate buzz and attract new users to the platform.
- Bootstrap Network Effects: Wider token distribution can lead to greater network activity and adoption.
For Flare, these FlareDrops are crucial for building a strong and engaged community around their layer-1 blockchain.
Looking Ahead: Future FlareDrops
With FlareDrop.10 underway, there are still 26 more monthly airdrops planned. If you’re holding WFLR or staking FLR, keep an eye out for future announcements and claim opportunities. These ongoing distributions are a significant part of Flare’s tokenomics and community engagement strategy.
In Conclusion: Don’t Miss Out on Your FLR!
The FlareDrop.10 release is another exciting opportunity to claim free FLR tokens. If you’re eligible, make sure to head over to the Flare Portal and claim your share. Stay tuned for future FlareDrops and continue to be an active part of the growing Flare Network. Happy claiming!
Disclaimer: The information provided is not trading advice, Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.