4.279B Flare (FLR) Tokens Airdropped for Layer 1 Oracle Network

• Flare launched its Layer 1 Oracle Network, allowing developers to access high-integrity data from other blockchains and the internet.
• A token airdrop of 4.279B Flare (FLR) tokens was completed on January 9th, distributed to millions of recipients on various exchanges.
• Flare’s native protocols, the State Connector and Flare Time Series Oracle, can be used to create new use cases and monetization models.

Flare, the blockchain for building applications that use data from other chains and the internet, has successfully completed its long-awaited token airdrop at 11:59 pm UTC on January 9th. The airdrop saw 4.279B Flare (FLR) tokens distributed to millions of recipients, including users on Binance, OKX, Kraken, Bithumb, UpBit, Kucoin, BitBank, & more, in one of the largest scale distributions in crypto history. This is a significant milestone for Flare, as developers can now start to take advantage of Flare’s EVM and native data acquisition protocols, the State Connector and Flare Time Series Oracle.

These native protocols, secured by the network, provide decentralized access to high-integrity data from other blockchains and the internet, enabling the creation of new use cases and monetization models. This will enable developers to build applications that securely access more data, such as triggering a Flare smart contract action with a payment made on another chain, or with input from an internet service. With the layer 1 Oracle Network, developers can access data on different blockchains and the internet, allowing them to create new, innovative applications.

Hugo Philion, CEO & Co-founder of Flare, said, “For the blockchain industry to flourish, we need more useful decentralized applications. Flare is tackling this through data, not just prices but transaction details, Web2 events etc, so that developers can build applications that provide more utility to a larger group of users.” He continues, “Flare’s objective is to enable developers to build applications that securely access more data. This could enable new use cases to be built, such as triggering a Flare smart contract action with a payment made on another chain, or with input from an internet service.”

The layer 1 Oracle Network will create more opportunities for developers to build applications that use data from other chains and the internet. With the completion of the token airdrop, developers now have access to the native protocols, allowing them to create use cases and monetization models that were not possible before. This could lead to more useful decentralized applications, driving the growth of the blockchain industry.