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💥Comprehensive and updated FLR tokenomics data has been published💥
November 29, 2022
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Flare mainnet is approaching the public Token Distribution Event (TDE). This document provides a recap of the token distribution and token economics.

There are two possible versions of the tokenomics, dependent on whether Flare Improvement Proposal 01 (FIP.01) passes:

  1. The original distribution scheme, planned under different market conditions when the purpose of Flare was to provide a smart contract layer for XRP only.
  2. The proposal encapsulated in FIP.01, which factors in new market conditions and the far larger vision of Flare to present developers and users with a simple and coherent stack for decentralized interoperability.

Charts and descriptions are shared for both versions below. To avoid confusion, charts pertaining to the tokenomics after approval of FIP.01 have a green border, and those pertaining to a rejection of FIP.01 have a red border. This document covers each in turn. For more details of the specific differences between the versions, please see the FIP.01 blog article.

 

Headline Figures

Full details and vesting information are in tables further down, but TL;DR, the most important numbers to know are below. The figures are the same for both potential distribution versions.

Total token distribution on day 1:

  • 100 Billion FLR tokens.

Community FLR allocation:

  • 28.5 Billion FLR distributed direct to community members over 36 months.
  • 20 Billion FLR available for community members who bring value onto the Flare network by using Flare’s cross-chain bridges (FAssets & Layer Cake).
  • 9.8 Billion FLR allocated to the Flare Foundation for community & ecosystem initiatives.
  • TOTAL 58.3 Billion FLR.

Team, advisors & backers:

  • 5.7 Billion FLR to be provided to early stage backers, vesting from month 6.
  • 13.5 Billion FLR allocated to existing and future team members, plus advisors. The team is restricted from selling any FLR in the first 6 months, no more than 10% of their holdings in the first 12 months, and no more than 25% (inclusive of the initial 10%) of their holdings within the first 18 months.
  • TOTAL 19.2 Billion FLR.

Flare entities:

  • 12.5 Billion FLR allocated to Flare Networks Limited, which is responsible for native product development on Flare (e.g. Layer Cake bridges).
  • 10 Billion FLR allocated to the Flare VC Fund, which will invest in promising ecosystem projects.
  • TOTAL 22.5 Billion FLR.

Summary:

Chart: The majority of tokens are destined for community ownership, whether by direct token distribution, network incentives or through Flare Foundation ecosystem initiatives. This will not be affected by whether FIP.01 is approved or rejected.

 

Flare is the transactional token for Flare Network

  • NetworkFlare
  • Token nameFlare
  • TickerFLR
  • Genesis supply100 Billion
  • Decimals18
  • Genesis date14 July 2022
  • Anticipated Token Distribution Event (TDE)By 9 January 2023
 

Flare Token Utility

Flare is a Layer-1 blockchain built to connect everything. It presents a technology stack that will enable:

  • Scalable EVM-based smart contracts.
  • Highly decentralized price feeds.
  • Secure state acquisition from other blockchains.
  • Superior bridging for smart contract and non-smart contract assets.
  • Secured data relay.
  • Horizontal scaling through a fully interoperable multi-chain ecosystem.

 

Flare (FLR) is the network token and will provide support for each of these functions:

  1. Incentivized delegation to the Flare Time Series Oracle (FTSO) to support the provision of reliable decentralized price data.
  2. Collateral within Flare’s bridging applications, FAssets and Layer Cake, by operating as an Agent or Bandwidth Provider, respectively.
  3. Collateral for securing Data Relay.
  4. Collateral within third party decentralized applications built on Flare blockchains (cross-chain or solely native).
  5. Participation within network governance.
  6. Transaction fees in order to prevent spam attacks.

 

Definitions

* Explanations:

  1. Can delegate: Tokens that can be delegated to the Flare Time Series Oracle to earn standard inflationary rewards.
  2. Can earn: Tokens that can be wrapped in order to to receive a share of the public token distribution in the form of delegation incentives. This is only relevant if the governance proposal FIP.01 is passed by the community.
  3. Can vote: Tokens that can be used to participate in governance by voting on Flare Improvement Proposals.

 

Token distribution by exchanges

In both potential distribution outcomes, centralized exchanges have an important role to play in providing FLR tokens safely and efficiently to their customers. Flare has been communicating with the exchanges to assist them with their FLR integration and has requested confirmation that they will be ready to distribute FLR as close to the TDE date as possible.

 

Proposed updated distribution

This will be the token distribution should Flare Improvement Proposal 01 (FIP.01) be successfully passed by community governance. The full details of the changes are available in the FIP.01 blog post. Important highlights are:

  • The 28,524,921,372 FLR public distribution will be split into two parts. The first 15%, which equates to 4,278,738,206 FLR, will be distributed during the Token Distribution Event (TDE) to wallets that held XRP on 12.12.20. The remaining 85% or 24,246,183,166 FLR will then be distributed in 36 monthly amounts directly to token holders who have wrapped their FLR into WFLR. There will be 35 monthly distributions of 2.37% of the total (676,040,637 FLR) and a final distribution of the remaining 2.05% of the total (584,760,871 FLR) in month 36.
  • Annual inflation will be calculated based on circulating supply rather than total supply in order to avoid excess liquidity in the early stages after TDE. Furthermore, instead of inflation running at 10% ongoing, it will be 10% in year 1, 7% in year 2, and then 5% from year 3 onwards.
  • The cross-chain incentive pool payout will be changed to include all cross-chain participants on Flare (i.e. Layer Cake as well as FAssets). The rate of payout will be adjusted from being split equally over 120 monthly payouts to being the lesser of 3% of circulating supply per year or 10% of the remainder of the cross-chain incentive pool. This will provide a better balance of payout as participation grows, while avoiding payouts escalating too high and therefore draining the pool too fast.

 

Vesting detail for proposed distribution update

Charts visualizing the token distribution should FIP.01 be approved by the community

Chart Y1: After the token distribution event (TDE), airdrop recipients are the largest single group of token holders. (Please note that the Flare Foundation and Flare Networks Limited amounts also include the unlocked Backers' tokens because this is before their distribution commences in month 6.)

Chart Y2: Although Flare team members can use their initial token distribution to participate fully in the network and support reliable FTSO data provision, they are restricted from selling any of the tokens they receive in the first six months, and no more than 25% within the first 18 months. (As per chart Y1, the FF & FNL percentages include the unlocked but as yet un-distributed Backers' tokens.)

Chart Y3: 19.8% of the genesis total distribution is not permitted to vote in governance (Flare Foundation & Flare VC Fund).

Chart Y4: Once the 36-month token distribution is complete, there will be 93.9B FLR liquid and circulating.

Chart Y5: After the initial 15% distribution, the majority of entities receive the remainder of their allocation smoothly over 36 months. The slight bumps are due to the delayed distribution of backer tokens commencing in months 6 and 13.

Chart Y6: Due to the restrictions placed on team token sales described in chart Y2, until month 19 there are fewer liquid tokens than there are tokens able to participate in governance and delegate to the FTSO.

Chart Y7: After 36 months, 85% of FLR will be circulating (93.9B of a total 110.1B FLR).

Chart Y8: From token distribution, Flare always has below 50% vote power, with this percentage decreasing further throughout the distribution period. Flare’s vote power is calculated from the sum of unlocked tokens held by Flare Networks Limited plus the Team and Advisors.

 

Legacy distribution

The legacy token distribution will be followed if Flare Improvement Proposal 01 is not passed. The full details of the changes are available in the FIP.01 blog post. Important highlights are:

  • The entire 28,524,921,372 FLR public distribution will be carried out by airdrop over 36 months. During the Token Distribution Event (TDE) the first 15%, which equates to 4,278,738,206 FLR, will be provided by airdrop to wallets that held XRP on 12.12.20. There will then be 35 distributions of 2.37% of the total (676,040,637 FLR) and a final distribution of the remaining 2.05% of the total (584,760,871 FLR) in month 36, all to the same wallets that received the initial TDE distribution.
  • Annual inflation will be calculated as 10% of fully diluted supply per annum, resulting in far greater liquidity in the early stages of Flare’s growth than if FIP.01 is passed.
  • The cross-chain incentive pool will be paid out in 120 equal amounts over 120 months, equating to 166,666,667 FLR per month.

 

Vesting detail for the legacy distribution

Charts visualizing the token distribution should FIP.01 be rejected by the community

Chart N1: At token distribution in month 0, the distribution is the same for both possible versions of the tokenomics. This makes sense as this will happen prior to the FIP.01 governance vote.

Chart N2: Exactly as described in chart Y2, if FIP.01 does not pass, Flare team members are still restricted from selling tokens within the first 18 months.  

Chart N3: The only difference between this version and if FIP.01 passes is whether the public distribution happens purely by airdrop or by airdrop plus delegation incentives. The totals are the same.

Chart N4: Due to higher inflation, the legacy approach means after 36 months there are 26.3B more FLR tokens in circulation. This is 28% higher than if FIP.01 is passed.

Chart N6: Due to the restrictions placed on team token sales described in charts N2 and Y2, until month 19 there are fewer liquid tokens than there are tokens able to participate in governance and delegate to the FTSO.

Chart N7: Note the steeper gradient for inflation and much higher circulating supply throughout. If FIP.01 is rejected, 89% of FLR will be circulating after 36 months (120.2B of a total 134.8B FLR).

Chart N8: Similar to if the governance proposal is passed, Flare vote power starts below 50% and decreases through the distribution period.

 

Summary of public token distribution options

The total amount of tokens allocated to the public distribution is the same regardless of whether FIP.01 is passed or not: 28,524,921,372 FLR.

The first portion of these tokens (15%) will be distributed prior to the FIP.01 governance vote taking place. Therefore, at the Token Distribution Event, exchanges and self-custody wallets will receive 0.1511 FLR for every 1.0000 XRP held for both YES and NO vote tokenomics.

If FIP.01 passes, there will be no additional airdrops. The remaining public allocation of 24,246,183,166 FLR will be distributed in 36 monthly amounts directly to token holders who have wrapped their FLR into WFLR.

If FIP.01 does not pass, there will be 36 additional monthly distributions to each address that participated in the December 2020 snapshot. The first 35 of these distributions will be in the ratio of 0.0239 FLR for every 1.0000 XRP held at the time of the snapshot. The final distribution will be in the ratio of 0.0206 FLR for every 1.0000 XRP.

Link

 

 

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What is XAH and Xahau?

If you're new to XRP, you may have noticed some of us discussing another network named 'Xahau'.

It's Like XRP ... But Different

The Xahau network was created in 2023, and its starting point was the open-source code for the XRP Ledger. A small team of researchers and entrepreneurs decided to add smart contracts to the network code.


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Hooks

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What Can XAH Do That XRP Cannot?
 
The primary benefit from the use of hooks, is that the core network code does not need to be changed every time a new use case is identified. This means that additional use cases can be addressed immediately, with no requirement for intervening steps, such as:
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To read more about how hooks enables Xahau to handle more use cases than even the XRPL, you can read this article:
 
Key Differences From XRP
 
Other unique differences from the XRP Ledger include:
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  • XAH hodlers are rewarded at 4% of their account balance. There are no rewards for XRP.
  • Governance participants are incentivized
  • Payment channels available for user-created tokens (IOUs)
  • URI tokens instead of NFT tokens
Who's Who of Xahau?
 
The list of those that are either founders, or closely associated with the founding organizations, is extensive. Here are the names of three organizations mentioned in the whitepaper, or their current moniker:
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Friend Or Foe?
 
This topic is one of the most contentious.
 
While Ripple, the company with the largest stake of XRP, showed interest in hooks early on, they ultimately decided to advocate for a different approach; the use of an EVM-based solution (Ethereum Virtual Machine) to handle smart contracts on the XRP Ledger. This decision was met with consternation by the Xaman team that had worked with them for several years to advocate for the use of hooks.
 
You can read more about the 'business politics' part of this topic here:
 
So how do Xahau fans view the relationship between XRP and XAH?
 
The Xahau team - and many of its community members - advocate for the use of a 'dual-chain' solution to implement smart contracts. This can be accomplished by the use of 'listener' software, along with native Xahau hooks.
 
A proof of concept, developed by Denis Angell, has demonstrated that bi-lateral communication can work with a simple approach.
 
From an economic standpoint, every chain that has its own digital asset is a competitor; but the simple way to think about Xahau, is that a 'bunch of XRP geeks' decided to implement smart contracts on their own version of the XRP Ledger.
 
The team emphasized transparency along the way, and initially received support from the primary XRP stakeholder, Ripple. They published Xahau as open-source code that could, in theory, be back-engineered and integrated with the XRP Ledger. You can clearly observe the team's idealistic mindset in early marketing mistakes, where they named their digital asset 'XRP Plus' in an effort to emphasize the way that they viewed their creation. While this resulted in confusion - and even suspicion - in its early days, the team quickly pivoted, and named their digital asset 'XAH', which became its ticker symbol.
 
Synergy effects between the two camps speak to a genuine camaraderie, with many Xahau developers being open and willing to help with changes to the core XRP Ledger protocol. You can find many examples of this open dialogue on the 'X' platform.
 
How To Purchase XAH
 
If you wish to speculate by buying XAH directly, it is available in a variety of convenient locations, depending on where you are located. If you're in a country that is supported by Bitrue, you can directly purchase or trade XAH by using that exchange.
 
On January 20th, 2025, Bitmart announced that it supports trading of XAH for customers in their list of supported countries; And in late March, another major exchange announced that they would be supporting XAH trading pairs: Coinex.
 
If you're located in the United States, you can purchase XAH directly from a vendor known as 'C14'. The xApp for C14 is located in the Xaman wallet.
 
XRP Ledger geeks can also purchase XAH IOUs on the XRPL Dex and then convert them to 'real' XAH using a Gatehub bridge. This is available in countries that Gatehub supports.
 
Which XAH Accounts Should I Follow?
 
On the 'X' platform, there exists two major community groups for XAH fans:
In addition to the Xahau notables I've already mentioned in this article, my advice is to take a look at who is posting in the above two communities. There are many impressive leaders and entrepreneurs included. You should be able to find multiple 'X' accounts that reflect your interests.
 
Xahau Development Roadmap
 
Xahau leaders have published a roadmap for 2025 that lists their various goals for the ecosystem:
 
To read a detailed explanation for each item, refer to this: Xahau Roadmap Super Thread
 
One of the most incredible waypoints listed is 'JavaScript Hooks Implementation.' 🤯
JavaScript!
 
With the 'JavaScript Hooks Implementation', Xahau is making history; it will enable anybody that knows JavaScript to easily create and install a smart contract. While networks like Ethereum are impressive early movers, they require developers to learn a new language and syntax.
 
Xahau will soon open 'crypto smart contracts' to a group of developers that number in the tens of millions.
 
Project L-10K
 
Project L-10K is one of the most important items in the pipeline. L-10K refers to the effort to boost the throughput of Xahau consensus to over 10,000 transactions per ledger! This will benefit hosted projects such as Evernode, and future issued assets. Heading up the effort is Richard Holland, who provided a progress update to the community in late May of 2025:
 
To learn more about this ambitious effort, you can watch his full presentation here:
The Future Of Defi And Payments
 
Once you've seen the extensive list of use cases that XAH easily handles, it's truly inspiring. Xahau is everything that you love about XRP, plus a long list of more things to love. ❤️
 
Be an early adopter of XAH and the Xahau network! Join the community groups listed and follow the accounts that seem to reflect your own interest - speculator, developer, or crypto fan. You have a place in our community, no matter what your background or interests are. Welcome to the future of crypto Defi and Payments
 
Sources:
 
 
NOTE: Payment channels for IOUs is currently in amendment status for the XRP Ledger, authored by Denis Angel here:
 
 

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🔗 Crypto – Support via Coinbase Wallet to: [email protected]

Or Buy me a coffee: https://buymeacoffee.com/thedinarian

Your generosity keeps this mission alive, for all! Namasté 🙏 Crypto Michael ⚡ The Dinarian

 
 
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