FlareDrop Guide (2024)

FAQs

What percentage of the FLR airdrop is given? ›

The FlareDrop is distributed monthly over 36 30-day bank months to those that wrap their $FLR tokens. Each of the first 35 monthly allocations constitute 2.37% of the total FlareDrop, and the last one 2.05%.

Flare market latest

The current FLR to XRP conversion rate is 0.03. Inversely, this means that if you convert 1 XRP you will get 34.29 FLR. The conversion rate of FLR/XRP has decreased by 0.16% in the last hour and grown by 1.2% in the last 24 hours.

The initial 15% were distributed on January 10, 2023. The remaining 85% are being distributed in a series of 36 monthly FlareDrops happening between March 17, 2023 and January 30, 2026 according to the FlareDrop guide: The dates above are the dates when Flare will be distributing the FLR in the network.

The token has a circulating supply of 48.2B tokens out of a total supply of 102.5B tokens. Flare (FLR) is a decentralized network that aims to connect the traditional finance industry with cryptocurrencies.

FLR has a circulating supply of 46.88B coins and a max supply of 102.47B FLR.

Crypto airdrops can be a source of compensation for cryptocurrency enthusiasts who participate in them. There are several ways to receive compensation through crypto airdrops, such as: Selling: One way to receive compensation through crypto airdrops is to sell the tokens once they become available.

Yes. It can. People will often mention the market cap being too high for this to happen. There are 100 billion XRP not all are in Circulation and at any one time a fraction of that will be available.

Ripple's rocket ride may be risky

But it would be a mistake to expect skyrocketing prices in 2024, and $5 is an unrealistic target for the next few years.

At a $1,000 price, the market would need to move 1 billion XRP tokens to account for a $1 trillion volume and 20 billion tokens for a $20 trillion volume. For XRP to clinch a $1,000 price, it would need to skyrocket by a massive 188,543% from its current value of $0.5301.

The current price of Flare Token is $0.000032 per 1FLR. With a circulating supply of 4,000,000,000 1FLR, it means that Flare Token has a total market cap of $126,551.15. The amount of Flare Token traded has fallen by $4.16 in the last 24 hours, which is a 11.05% decrease.

How many flare drops are there? ›

What are the FlareDrops? There are 36 monthly FlareDrops totalling 24.2 billion FLR, which can be claimed by active Flare community members who have wrapped their FLR into WFLR or staked to a Flare validator.

Flare Price Prediction Analysis

According to our current Flare price prediction, the value of Flare will increased by 219.64%, reaching $0.0541 by end of 2026. All technical indicators indicate that the current sentiment is Bearish, while the Fear & Greed Index is reading 12.85, which means extreme fear.

The price of Flare (FLR) is $0.01475 today with a 24-hour trading volume of $2,561,854. This represents a 0.86% price increase in the last 24 hours and a 1.01% price increase in the past 7 days. With a circulating supply of 48 Billion FLR, Flare is valued at a market cap of $712,559,159.

Here's why: Long-term success hinges on the wider adoption of the Flare Network and its utility for transferring value and data between blockchains. Significant growth in the entire crypto market would further increase FLR's value.

To ensure a fair and simplified distribution of the Flare (FLR) airdrop to our users, Kraken will distribute 100% of the FLR airdrops to Kraken clients in the following method of distribution: Every 30 days, Kraken will distribute the FLR airdrop to clients who have staked during the 30 days.

The network distributed 1.162 billion tokens – 11.6% of the supply – to 625,000 eligible users. To date, 87% of addresses, or 543,058, have claimed their tokens. Arbitrum implemented a point system to determine the number of tokens each recipient would receive in the airdrop.

Do you have to pay taxes on crypto airdrops? According to the IRS, airdrops are taxable events. Yep, that free bag of digital coins isn't so free after all. It's considered ordinary income, and it's taxed at your regular income tax rate.