{"id":72312,"date":"2023-01-10T11:06:24","date_gmt":"2023-01-10T09:06:24","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=72312"},"modified":"2025-09-08T14:22:38","modified_gmt":"2025-09-08T11:22:38","slug":"airdrop-of-flare-network-oracle-tokens-takes-place","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/airdrop-of-flare-network-oracle-tokens-takes-place\/","title":{"rendered":"Airdrop of Flare Network oracle tokens takes place"},"content":{"rendered":"

On January 9, the Flare blockchain’s token airdrop, designed to create cross-network and internet-enabled dapps<\/span>. This is stated in a press release.<\/p>\n

4.279 billion FLR were distributed to \u201cmillions of users\u201d, including clients of cryptocurrency exchanges Binance, OKX, Kraken, Bithumb, UPbit, KuCoin and BitBank. They were received by holders of at least 1 XRP as of the December 12, 2020 snapshot<\/a>.<\/p>\n

The amount accounts for 15% of total issuance. The remaining portion will be distributed over the next 36 months depending on the results of community vote<\/a>.<\/p>\n

The connection to XRP stems from the project’s initial focus on creating a DeFi ecosystem for Ripple<\/a>. Currently, the project aims to provide smart-contract solutions for blockchains that lack such functionality.<\/p>\n

The event marked the emergence for developers of the ability to use Flare EVM<\/a> and the State Connector data aggregation and Flare Time Series Oracle (FSO) protocols. The latter provide decentralized access to high-integrity data from other blockchains and the Internet, enabling new use cases and monetization models.<\/p>\n

\n

\u201cFlare solves this problem [the usefulness of dapps] with data not only about prices but also about transaction details, Web 2.0 events,\u201d<\/em> said the project’s co-founder and CEO Hugo Filion.<\/p>\n<\/blockquote>\n

State Connector<\/a> enables safe, scalable and trustless use of information via smart contracts on Flare, thereby becoming the foundation for cross-chain solutions.<\/p>\n

Security is achieved by combining a decentralized set of attestors<\/span> with a binary-forking protocol, which allows disputing the actions of the majority of malicious data providers. Unlike the Proof-of-Stake<\/a> consensus algorithm, security is not limited by the size of the stake and extends to large transactions.<\/p>\n

The FSO blockchain oracle relies on just under a hundred independent providers. The latter have an incentive to supply price and data streams for Flare-based dapps every three minutes.<\/p>\n

In late 2019, Flare Network development was supported by Xpring, the investment arm of Ripple.<\/p>\n

Back in December 2022, the decentralized oracles<\/a> Chainlink launched<\/a> the LINK staking service on the Ethereum mainnet.<\/p>\n

Read ForkLog’s Bitcoin news on our Telegram<\/a> \u2014 cryptocurrency news, prices and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"

On January 9, the Flare blockchain token airdrop, designed to create cross-network and internet-enabled dapps, took place, according to a press release.<\/p>\n","protected":false},"author":1,"featured_media":72313,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"About 4.279 billion FLR were distributed to millions of users, with the remainder to be allocated over 36 months.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1158,1389,2061],"class_list":["post-72312","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-airdrops","tag-blockchain-oracles","tag-flare-network"],"aioseo_notices":[],"amp_enabled":true,"views":"22","promo_type":"1","layout_type":"1","short_excerpt":"About 4.279 billion FLR were distributed to millions of users, with the remainder to be allocated over 36 months.","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/72312","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=72312"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/72312\/revisions"}],"predecessor-version":[{"id":72314,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/72312\/revisions\/72314"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/72313"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=72312"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=72312"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=72312"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}