The Flare Network community launched a new proposal to allocate 510 million FLR to support ecological growth

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Odaily2024/06/26 06:36

By:Odaily

Odaily News The Flare Network community initiated the FIP.09 proposal, proposing to release 510 million FLR from the 20 billion FLR incentive pool to support the growth of the Flare ecosystem, and to support Flare mainnet builders and liquidity by incentivizing the community to participate in various ecological DApps. This will be the first time that tokens are allocated from the incentive pool, and future governance proposals will require community approval of the release of the remaining incentive pool. A Release Committee consisting of six Flare and non-Flare representatives will be responsible for arranging this plan. Each month, the committee can allocate any maximum amount (not exceeding the maximum limit specified in the schedule), and the remainder within a month can be redistributed or destroyed. Voting on this proposal will begin on June 28.

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