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Re: None

Thursday, 01/12/2023 9:48:17 PM

Thursday, January 12, 2023 9:48:17 PM

Post# of 147
XRP, XLM, LTC, DOGE, ALGO, FIL and BTC are all currently FAssets, useable on the Flare Network. Other coins will be added with governance votes in the future. First vote up soon is the Flare Improvement Proposal 01 (FIP.01), no date announced yet. If that vote passes the distribution model will be changed from the existing one where the remaining 85% distribution goes to the snapshot wallets, to a model wherein the current coin holders will get the remaining 85% distribution. If you sell now, you may lose the rest of your distribution. If you buy now, each bought coin will make you eligible for a further 5.66666 coins over the distribution time-frame of two and half to three years....if the vote passes. But it most likely will, the incentive structure heavily favors it. GLTA
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