Flare hits distribution threshold, here's how XRP holders might receive tokens $FLR FLR $XRP FlareNetwork XRPholders XRPCommunity
- Shifts FLR to those that participate from those that don't.- Incentivises infrastructure providers.-> Safer, more decentralized network.He highlighted the demerits of the proposal:"FIP01 negatives for 2020 snapshot participants — FLR must be wrapped to receive the full and final distribution. Depending on participation, you may end with less than expected under the 2020 snapshot.
Receiving more FLR tokens is dependent on whether the level of staking on Flare is anywhere near the industry average.The total number of tokens allotted for public distribution is 28,524,921,372 FLR, regardless of whether FIP01 is approved or not. This equals a ratio of 1.0073 FLR for every 1.0000 XRP held.The Flare token distribution, which started on Jan.
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