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Re: MindlessSelf post# 21442

Tuesday, 12/15/2020 1:26:49 PM

Tuesday, December 15, 2020 1:26:49 PM

Post# of 37183
I believe it's only a second Flare snapshot, not airdrop.

There's a hint as to how much the $YFLR (YieldFlare) will be worth:

"$YFLR will be the most important token of the ecosystem. Its total supply is 110,000,000 and the initial distribution of YieldFlare (YFLR) will be 40 million. All owners of FLRs, with the exception of the official addresses of the Flare Foundation, will receive a proportional amount of 40 million DFLRs (DAO Flares), which can be exchanged on the platform into YFLRs."

Only 40 million $YFLR will be distributed for the billions of XRP that must've been included in the first snapshot.

From a total of 100 billion Spark (FLR) tokens that will be created, 45 billion will be distributed to existing XRP holders.

So the $YFLR being available for the XRP Generated $YFLR is only a tiny fraction, meaning it must be worth a lot more than the Spark. (40 mil over 45 billion).
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