Flare Network announced its token economic model and plans to launch token distribution before January 9 next year

ChainCatcher news, Layer1 blockchain Flare Network recently announced that the initial token distribution will begin before January 9, 2023, and has revealed the token allocation and tokenomics, which has two versions. The specific allocation will depend on the approval of the proposal.

It is understood that the total supply of FLR tokens is 100 billion, of which 58.3 billion FLR will be distributed to the community through direct distribution and rewards, 19.2 billion FLR will be allocated to the team, advisors, and supporters, and 22.5 billion FLR will be allocated to Flare Networks Limited and Flare VC Fund. Regardless of whether the vote passes, both versions will distribute FLR tokens according to the above quantities. (Source link)