• Flare Network (FLR) has launched their fourth monthly community airdrop for token holders.
• WFLR holders must have held the wrapped token for 23 days before each claim day to be eligible to claim a portion of that month’s FlareDrop.
• FLR is currently trading at $0.0144 and has plummeted by more than 90% from its all-time high of $0.150073 set on January 10th.
Flare Network Launches Monthly Token Airdrop
Layer-1 blockchain project Flare Network (FLR) has launched its fourth monthly community airdrop for token holders. According to the project’s website, Flare’s monthly drops can be claimed by all Wrapped FLR (WFLR) holders who have held the wrapped token for 23 days before each claim day.
Eligibility Requirements
The Flare team chooses three random blocks during that 23-day period to calculate the average holdings of all wallets. For the June airdrop, the team calculated that 6,120,632,297 WFLR are eligible for the drop with an 11.0505 FLR distribution ratio for every 100 WFLR held.
What Is Flare Network?
Flare Network, with its native FLR token, aims to essentially bring smart contract capabilities to various blockchain networks, starting with XRP and later Litecoin (LTC). FLR was first distributed to XRP holders in January based on a snapshot of the XRP Ledger (XRPL).
Current Price Point
The 117th-ranked token by market cap is trading at $0.0144 at time of writing and is down more than 20% in just the past seven days alone. The token has also plummeted by more than 90% from its all-time high of $0.150073 which it set on January 10th -the day after its initial airdrop.
Disclaimer
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