The release of a fresh Flare token drop (FlareDrop.04) has been announced by Flare. Over 6.1 billion WFLRs are eligible for the decrease, according to a tweet.
Three blocks were used to determine the wrapped FLR (WFLR) holdings: 9,003,865, 9,378,624, and 9,620,514. The 23-day “holdings calculation period” is often used to choose three random blocks in order to determine the average holdings across all wallets.
As a result, it was estimated that 6,120,632,297 WFLR were eligible for the reduction. This new airdrop of flares has a ratio of 11.0505 FLR for every 100 WFLR stored.
For XRP holders who participated in the snapshot on December 12, 2020, the airdrop of the Flare (FLR) coin began on January 9. 4.279 billion Flare (FLR) tokens were sent to millions of recipients during the first part of the distribution, including users of significant exchanges and other sites.
In the ensuing inaugural FLR token airdrop, 15% of the total supply was dispersed to the community at a ratio of 1.0073 FLR to 1 XRP.
A series of 36 monthly FlareDrops totaling 24.2 billion FLR were then initiated by Flare. Recipients who have wrapped their Flare tokens can claim these FlareDrops.
A wallet must have wrapped their FLR tokens and kept WFLR for the 23 days prior to each claim day in order to be eligible to receive a portion of a particular month’s FlareDrop. The 23-day period is known as the “holdings calculation period.”
After the initial distribution, the airdrop will continue with 35 deliveries totaling 676,040,637 FLR and one last payment of 584,760,871 FLR in month 36. The first of the 35 distributions started on March 17, 2023, and tokens will then be accessible for claim every 30 days after that.
The last round of airdrops is the fourth of a total of 36. As a result, there are currently 32 token drops left for XRP holders.
