{"id":75771,"date":"2023-03-17T17:51:44","date_gmt":"2023-03-17T15:51:44","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=75771"},"modified":"2025-09-10T13:31:35","modified_gmt":"2025-09-10T10:31:35","slug":"flare-team-begins-distributing-flr-tokens-worth-714-million","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/flare-team-begins-distributing-flr-tokens-worth-714-million\/","title":{"rendered":"Flare team begins distributing FLR tokens worth $714 million"},"content":{"rendered":"<p>The first 676 million FLR can be claimed by users as part of the Flare blockchain token airdrop that began in January 2023.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p dir=\"ltr\" lang=\"en\">FlareDrop.01 is live.<\/p>\n<p>? 676M FLR can be claimed by wallets holding Wrapped FLR<br \/>? This is the 1st of 36 monthly FlareDrops<br \/>? In total across all the drops, 24.2B FLR will be claimable<\/p>\n<p>Read the FlareDrop Guide &#038; let us know when you have claimed yours. <a href=\"https:\/\/t.co\/RkNHMtaLST\">https:\/\/t.co\/RkNHMtaLST<\/a> <a href=\"https:\/\/t.co\/Gu5MooMgS5\">pic.twitter.com\/Gu5MooMgS5<\/a><\/p>\n<p>\u2014 Flare \u2600\ufe0f (@FlareNetworks) <a href=\"https:\/\/twitter.com\/FlareNetworks\/status\/1636699578056552452?ref_src=twsrc%5Etfw\">March 17, 2023<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>In total, across 36 monthly rounds, 24.2 billion FLR will be distributed. Based on current pricing, that figure is roughly $714 million. At the start of the distribution the token edged higher.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh6.googleusercontent.com\/pCbAuTUT3nVLOXOOK3nmpkn4bFmDFh1IlQGlshOLJPRe4vPr42YsfMg8gBQ8D_wS76jLOa8sZ5iKa68JOQ9EwJJca10PZUw0rZn-KRCzHYxOHBLq6XcLmL8oWM3QYw4fots-znTA0MYgMZjW5IJHKVk\" alt=\"Flare team begins distributing FLR tokens worth $714 million\"\/><figcaption>Data: <a href=\"https:\/\/www.coingecko.com\/en\/coins\/flare\">CoinGecko<\/a>.<\/figcaption><\/figure>\n<p>On January 9, 2023, <a href=\"https:\/\/forklog.com\/en\/news\/airdrop-of-flare-network-oracle-tokens-takes-place\">4.279 billion FLR were allocated<\/a> to \u201cmillions of users\u201d under certain criteria. One of them was owning at least 1 XRP as of <a href=\"https:\/\/forklog.com\/en\/news\/xrp-price-falls-to-a-two-week-low-amid-upcoming-flare-network-airdrop\">the snapshot on December 12, 2020<\/a>.<\/p>\n<p>The tie to Ripple&#8217;s token is explained by Flare&#8217;s focus on building a DeFi ecosystem on the fintech project&#8217;s network.<\/p>\n<p>Distributions will occur in equal tranches of 676 million FLR each month, with the final tranche totaling 584.76 FLR.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh5.googleusercontent.com\/54rU3sJWepin5Kc-tWtvAdwugNARxFwhKl_cFewWb_IlSJV4bQix4i_7igCHPl5ui-OoRWCxDlejaN-KS5wvolQhYsdnjaUC49CSPiNjQ8_TmWByue_4UDP1KQ3ENG_NcgWSnE0nJAon4BeISUyEH0M\" alt=\"Flare team begins distributing FLR tokens worth $714 million\"\/><figcaption>Data: <a href=\"https:\/\/flare.network\/flaredrop-guide\/\">Flare Network<\/a>.<\/figcaption><\/figure>\n<p>Users can claim their tokens in several ways:<\/p>\n<ul class=\"wp-block-list\">\n<li>via a wallet on Flare Portal;<\/li>\n<li>through the BiFrost Wallet app\u2019s functionality;<\/li>\n<li>setting up auto-claim on the project site;<\/li>\n<li>manually configuring a smart contract.<\/li>\n<\/ul>\n<p>As reported, Arbitrum, the developers of the Ethereum layer-2 network, planned on March 23 an airdrop, with the project subsequently moving to a decentralised governance model.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The first 676 million FLR can be claimed by users as part of the Flare blockchain token airdrop started in January 2023.<\/p>\n","protected":false},"author":1,"featured_media":75772,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1158,2061],"class_list":["post-75771","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-airdrops","tag-flare-network"],"aioseo_notices":[],"amp_enabled":true,"views":"15","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/75771","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=75771"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/75771\/revisions"}],"predecessor-version":[{"id":75773,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/75771\/revisions\/75773"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/75772"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=75771"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=75771"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=75771"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}