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Jan 11

Flare (FLR) airdrops 15% of total supply to XRP holders before correcting by 76%

After a two-year wait, the layer 1 Flare blockchain finally followed through, sending its tokens to those who held XRP at the time of the snapshot. The Flare (FLR) token airdrop began on Jan. 9, nearly two years after a snapshot of XRP holders took place on Dec. 12, 2020. The FLR airdrop was distributed at a ratio of 1.0073 FLR per 1 XRP, with 15% of the total supply released to the community. A total of 28.5 billion FLR were distributed and according to Flare’s tokenomics, 58.3% of the total...

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