TechFlow News, Layer1 blockchain Flare Network recently announced that its first token distribution will begin before January 9, 2023. The project has released details on token allocation and tokenomics, which come in two versions—the specific distribution scheme will depend on the outcome of a governance proposal.
According to the announcement, the total supply of FLR tokens is 100 billion, with 58.3 billion FLR allocated to the community through direct distribution and incentives, 19.2 billion FLR allocated to the team, advisors, and supporters, and 22.5 billion FLR allocated to Flare Networks Limited and the Flare VC Fund. Regardless of whether the proposal passes, both versions will distribute FLR tokens in the amounts stated above.Source link
