Flare (FLR) Airdrop Finally Starts Oct. 24 (2024)

Flare (FLR), a blockchain focused on cross-network interoperability and bringing smart contracts to non-programmable chains, is almost ready to start FLR distribution to XRP holders.

Flare (FLR) approaches decentralization and airdrop: New deadlines

According to anofficial announcement shared by the Flare Network (FLR) team, its protocol is finally achievingdecentralization governance. For the next six to ninemonths, the network will operate in Beta Mode.

Token Distribution Event (TDE) News#Flare will be decentralized on or around 24th October, enter Beta Mode, and be ready to initiate token distribution.
1/3 pic.twitter.com/oBGeCavvdZ

— Flare ☀️ (@FlareNetworks) October 21, 2022

Currently, the network's transactionvalidating process is fully decentralized: over 100 independent validators are in charge ofkeeping network integrity and attack resistance. With that milestone accomplished, the team is ready to distribute FLR tokens to all eligible wallets —both exchange-based and non-custodial ones.

As such, the team is starting todiscussthe airdrop with the supporting exchanges (over 100 platforms): their users are responsible for 9out of 10 wallets eligible for the airdrop. As a result of "constructive conversations," XRP tokens will be released by exchangestwo weeks after the officialToken Distribution Event (TDE) date.

While the network is almost ready for the distribution, based on the estimated discussiontimelines and Christmas holidays, the final date of tokens being airdropped to end user wallets will be by Jan.9, 2023.However, should exchanges be able to distribute FLR in December, Flare's instruments will be ready.

How many crypto users will receive FLR?

The Flare (FLR) team is fascinated by the scale of its token distribution. They estimate the final number of the cryptocurrency holders ready forparticipation in the FLR airdrop to be between 5 and 10 million:

We estimate that 5-10 million individuals will receive FLR during the public token distribution, and the exchanges have a very important task in ensuring that all of their customers'funds are distributed safely. Flare Network is one of the largest token distributions that blockchain has ever seen.

As reported by U.Today previously, FLR tokens will be airdropped to all owners of XRP who took part in the snapshot event on Dec. 12, 2020. All major centralized cryptocurrency exchanges supported the airdrop: their users will get FLR proportionally to their XRP holdings at the snapshot date.

Since 2020, the Flare (FLR) network has organized a series of testnets ("Coston") and launched Songbird (SGB), a canary network for Flare's mainnet.