Dubai, United Arab Emirates, January 10, 2023, Chainwire

Flare, the blockchain for building applications that use data from other chains and the Internet, successfully completed its long-awaited token airdrop at 11:59 pm UTC on January 9. The airdrop saw 4,279B Flare (FLR) tokens distributed to millions of recipients, including users on Binance, OKX, Kraken, Bithumb, UpBit, Kucoin, BitBank and more, in one of the largest-scale distributions in cryptocurrency history. .

The airdrop is a significant milestone for Flare as developers can now begin to take advantage of Flare’s native data acquisition and EVM protocols, State Connector and Flare Time Series Oracle. These native, network-secured protocols provide decentralized access to high-integrity data from other blockchains and the Internet, enabling the creation of new use cases and monetization models.

Hugo Philion, CEO and co-founder of Flare, said:

“For the blockchain industry to thrive, we need more useful decentralized applications. Flare is addressing this through data, not just pricing, but also transaction details, Web2 events, etc., so that developers can build apps that bring more utility to a larger group of users.”

Hugo continues: “The goal of Flare is to allow developers to build apps that securely access more data. This could allow the creation of new use cases, such as triggering a Flare smart contract action with a payment made on another chain, or with input from an internet/web2 API. It also facilitates a new way of connecting, specifically to bring non-smart contract tokens into Flare for use in applications such as DeFi protocols.”

flares status connector The protocols allow information to be used securely, scalably, and reliably with smart contracts on Flare. This offers the most powerful data class in the network and allows more cross-chain solutions to be built. State Connector’s security derives from the combination of a decentralized set of attestors with a binary forking protocol, which allows it to challenge most malicious data providers. Unlike a proof-of-stake based system where data providers are required to stake value, the security of the State Connector is not limited by the amount staked in the system. This means that the State Connector is invariant in its security in relation to the size of a transaction, this offers a secure system capable of handling large amounts of value.
He Oracle of the Flare time series (FTSO) uses the network fabric to deliver highly decentralized data series and pricing to dapps on Flare without relying on centralized data providers. The FTSO is a highly decentralized data provision oracle, with nearly 100 independent data providers incentivized to provide reliable data every 3 minutes.

The Flare token distribution represents the first 15% of the total public token distribution, with the remainder to be distributed monthly for 36 months. The method of allocation of the remaining 85% of the token supply depends on the result of a community vote on Flare improvement proposal 01 (FIP.01).

About the flare
Flare is the Oracle Layer 1 network that allows developers to build applications that are interoperable with blockchain and the Internet. By providing decentralized access to high-integrity data, Flare enables new use cases and monetization models.

flares status connector The protocols allow information, both from other blockchains and from the Internet, to be used in a secure, scalable, and reliable way with smart contracts on Flare.

He Oracle of the Flare time series offers highly decentralized data feeds and pricing to dapps on Flare, without relying on centralized providers.

Build on Flare with more data than ever before, or build with Flare to serve multiple ecosystems.

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