A large part of the money raised from token sales will be put back into the FLR ecosystem to help it grow. This move demonstrates a collective dedication to its development.
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Thanks to the commitment of early investors to extended vesting, restricted token sales, and reinvesting half of the funds, the FLR price has surged by 19%.

Early Investors Strengthen Commitment to Flare Ecosystem
In a recent blog post detailing the tokenomics for Flare, the ecosystem’s developers announced significant backing from early investors like Kenetic and Aves Lair. These investors have pledged to enhance their dedication to the blockchain by implementing various strategies.
As part of this commitment, these investors have agreed to extend the token vesting period beyond its original end date in 2024. Instead, they will now vest their tokens until the first quarter of 2026.
Additionally, a new agreement has been established to limit token sales to only 0.5% of the 30-day daily average volume. This restriction aims to minimize market volatility and prevent excessive liquidity of FLR tokens.
Early Backers Reinforce Commitment to Flare Ecosystem Growth
Early investors in Flare have agreed to reinvest half of the money earned from selling tokens over the next two years to help Flare grow. This commitment, which is worth about $35 million, shows that everyone involved wants to support the ecosystem for the long term.
Flare is teaming up with Kenetic to make decentralized finance (DeFi) even better. This partnership is all about finding new and innovative ways to use blockchain technology.

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Even though early investors will still get 2% of the tokens, there are some big changes happening. They’ll get fewer tokens upfront, and they’ll have to wait longer to get them. This shows that the founders and investors are on the same page about where Flare is headed.
Also Read:   Nearly Half of Big Crypto Giveaways Peak in 14 Days: CoinGecko
Flare, which started in 2020, is a blockchain platform that can work with other blockchains like the XRP Ledger. It can also do smart contracts, which are like self-executing contracts on the blockchain.
Since the news came out, the price of Flare’s token, FLR, has gone up by about 19%. Right now, it’s trading at $0.046.

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Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

#FLR  #Flare  #Bitcoin  #Altcoin  #Cryptocurrency

FLR price surged over 18% in the last 24 hours and gained approximately 118% in the past 30 days.
Starting from a low near $0.00811, Flare's price has risen impressively by 473%.Non-stop green candles have consistently formed for the last six weeks, signaling sustained bullish momentum.The bullish trend is demonstrating a V-shaped recovery, indicating robust upward momentum.Flare's price is currently on an upward trajectory towards its all-time high (ATH).A successful close above $0.05000 may lead to new highs around $0.07860.Conversely, if bears take control, FLR price could lose momentum and test support around $0.03500.As per CoinGabbar Prediction, Conversely, a bearish reversal could see the price retracting to its support level of $0.13500.
KEY LEVELS :
RESISTANCE LEVEL : $0.05000-$0.05500
SUPPORT LEVEL : $0.04100-$0.03600
Disclaimer: Coingabbar's guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments is for informational purposes only. None of it is financial advice. Users are strongly advised to conduct their research, exercise judgment, and be aware of the inherent risks associated with any financial instruments. Coingabbar is not liable for any financial losses. Cryptocurrency and NFT markets could be highly volatile; users should consult financial professionals and assess their risk tolerance before investing.
#TrendingTopic #Flare #Write2Earn‬ #crypto2024 #dyor @Coingabbar Analysis @CZ @Binance Research

The price of Flare receives a significant boost as investors take steps to make the ecosystem more stable and support its long-term growth.
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FLR, the main cryptocurrency of the EVM-based Layer-1 Flare Network, has risen by 7% in the past day, with trading volumes increasing by 64% to $88 million. This surge in Flare’s price coincides with the network unveiling some important updates to the FLR tokenomics.

Flare Network’s New Initiative for Long-Term Growth
Flare Network has introduced a pioneering agreement where its initial investors are reinvesting in the network’s future growth. This groundbreaking initiative involves extending token vesting periods, imposing sales caps, and committing to reinvesting 50% of any token sale proceeds into projects within the Flare ecosystem.
At current market valuations, this reinvestment potential amounts to around $35 million, demonstrating their dedication to nurturing the ecosystem’s growth and development.
The reinvestment of 50% of token sale proceeds will provide significant support to various Flare ecosystem projects moving forward. These projects include the development of lending protocols, decentralized exchanges, enhancements to automated market maker protocols, implementation of cross-chain bridges, and the introduction of native stablecoins.
Enhancing Stability and Growth in the Flare Network Ecosystem
The early backers of the Flare Network have taken proactive steps to improve the ecosystem’s stability and encourage long-term growth. They have opted to reduce the surplus liquidity of FLR tokens, boost capital inflows into Flare’s decentralized finance (DeFi) protocols, and encourage new investments in Flare ecosystem initiatives.

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An announcement earlier this month revealed that XRP will integrate with FLR through the FXRP asset, further enhancing the interoperability of the Flare Network.
Also Read:   MicroStrategy’s Michael Saylor Shares Bitcoin Exit Plan
In October 2023, Flare introduced an additional liquidity measure by announcing its intention to burn 66 million tokens monthly until January 2026, amounting to 2% of the token’s total supply. While original early investors will still receive their initially agreed-upon 2% allocation of Flare token supply, these revised conditions represent a 68% decrease in the upfront issuance.
Furthermore, these backers have voluntarily extended their token vesting period from 2024 to Q1 2026 and have agreed to limit their token sales to a maximum of 0.5% of the 30-day average trading volume.
Flare co-founder Hugo Philion expressed appreciation for the backers’ support, highlighting the importance of liquidity agreements in fostering a growing ecosystem aligned with Flare’s growth objectives.

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Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

#Flare  #FLR  #Bitcoin  #Altcoin  #Cryptocurrency

The price of Flare receives a significant boost as investors take steps to make the ecosystem more stable and support its long-term growth.
FLR, the main cryptocurrency of the EVM-based Layer-1 Flare Network, has risen by 7% in the past day, with trading volumes increasing by 64% to $88 million. This surge in Flare’s price coincides with the network unveiling some important updates to the FLR tokenomics.
Flare Network’s New Initiative for Long-Term Growth
Flare Network has introduced a pioneering agreement where its initial investors are reinvesting in the network’s future growth. This groundbreaking initiative involves extending token vesting periods, imposing sales caps, and committing to reinvesting 50% of any token sale proceeds into projects within the Flare ecosystem.
At current market valuations, this reinvestment potential amounts to around $35 million, demonstrating their dedication to nurturing the ecosystem’s growth and development.
The reinvestment of 50% of token sale proceeds will provide significant support to various Flare ecosystem projects moving forward. These projects include the development of lending protocols, decentralized exchanges, enhancements to automated market maker protocols, implementation of cross-chain bridges, and the introduction of native stablecoins.
Enhancing Stability and Growth in the Flare Network Ecosystem
The early backers of the Flare Network have taken proactive steps to improve the ecosystem’s stability and encourage long-term growth. They have opted to reduce the surplus liquidity of FLR tokens, boost capital inflows into Flare’s decentralized finance (DeFi) protocols, and encourage new investments in Flare ecosystem initiatives.
An announcement earlier this month revealed that XRP will integrate with FLR through the FXRP asset, further enhancing the interoperability of the Flare Network.
In October 2023, Flare introduced an additional liquidity measure by announcing its intention to burn 66 million tokens monthly until January 2026, amounting to 2% of the token’s total supply. While original early investors will still receive their initially agreed-upon 2% allocation of Flare token supply, these revised conditions represent a 68% decrease in the upfront issuance.
Furthermore, these backers have voluntarily extended their token vesting period from 2024 to Q1 2026 and have agreed to limit their token sales to a maximum of 0.5% of the 30-day average trading volume.
Flare co-founder Hugo Philion expressed appreciation for the backers’ support, highlighting the importance of liquidity agreements in fostering a growing ecosystem aligned with Flare’s growth objectives.
⚠️Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#Flare #FLR