CoinVoice has recently learned that according to CoinDesk, L1 blockchain Flare has completed US$35 million in private financing, with Kenetic, Aves Lair and others participating in the investment.
It is reported that Flare supports the creation of smart contract protocols and focuses on pricing oracles to transmit asset prices to various decentralized financial (DeFi) applications.
Early investors in the project voluntarily agreed to extend the token distribution time from 2024 to the first quarter of 2026. In addition, a sell limit of 0.5% of daily trading volume was implemented to reduce selling pressure in the market. [Original link]