Polkadot

Bifrost

Flare

Aves

<div class="finbold">
 <p class="paragraph">Flare (FLR), a layer-1 blockchain for data, has secured a round of funding from its early backers aimed at reducing immediate liquidity while boosting investment into the Flare ecosystem, according to a press release shared with Finbold on February 23.</p>
 <p class="paragraph">The early <a rel="noopener noreferrer nofollow" title="invest" href="https://thebittimes.com/tag/invest.html">invest</a>ors in Flare, such as Kenetic and Aves Lair, have reaffirmed their confidence in the project by agreeing to extend token vesting periods, imposing limits on token sales, and helping develop various aspects of the Flare <a rel="noopener noreferrer nofollow" title="ecosystem" href="https://thebittimes.com/tag/ecosystem.html">ecosystem</a>.&nbsp;</p>
 <h2 class="wp-block-heading" id="h-flare-funding-details">Flare funding details</h2>
 <p class="paragraph">The funding signals a prolonged commitment from Flare’s already long-standing supporters and a desire to safeguard the community, foster future growth, and remove some pressures from the token’s ecosystem.</p>
 <div class="border border-red-300 rounded-xl p-6 not-prose mb-6">
  <h3 class="text-2xl font-black mt-0 flex gap-x-3 mb-5">
   <svg width="32" height="32" viewbox="0 0 32 32" fill="none" xmlns="//www.w3.org/2000/svg"><path d="M4 10.6665V25.3332C4 28.2678 6.392 29.3332 8 29.3332H28V26.6665H8.016C7.4 26.6505 6.66667 26.4078 6.66667 25.3332C6.66667 24.2585 7.4 24.0158 8.016 23.9998H28V5.33317C28 3.8625 26.804 2.6665 25.3333 2.6665H8C6.392 2.6665 4 3.73184 4 6.6665V10.6665ZM8 5.33317H25.3333V21.3332H6.66667V6.6665C6.66667 5.59184 7.4 5.34917 8 5.33317Z" fill="#EF4444"> 
    </path> <path d="M15.996 18.6668L20.4626 14.2815C20.738 14.0166 20.9571 13.6989 21.1068 13.3473C21.2564 12.9957 21.3336 12.6176 21.3336 12.2355C21.3336 11.8534 21.2564 11.4752 21.1068 11.1236C20.9571 10.7721 20.738 10.4543 20.4626 10.1895C19.9074 9.64148 19.1587 9.33422 18.3786 9.33422C17.5985 9.33422 16.8498 9.64148 16.2946 10.1895L15.996 10.4801L15.6973 10.1881C15.1423 9.64023 14.3938 9.33301 13.614 9.33301C12.8341 9.33301 12.0856 9.64023 11.5306 10.1881C11.2552 10.453 11.0361 10.7707 10.8865 11.1223C10.7368 11.4739 10.6597 11.852 10.6597 12.2341C10.6597 12.6162 10.7368 12.9944 10.8865 13.346C11.0361 13.6975 11.2552 14.0153 11.5306 14.2801L15.996 18.6668Z" fill="#EF4444"> 
    </path>
   </svg> Picked for you</h3>
  <div class="grid md:grid-cols-2 gap-x-10 gap-y-3 md:gap-y-5 divide-y divide-gray-300 md:divide-y-0">
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    Dogecoin competitor threatens 100% bullish breakout <span class="self-center text-xs text-slate-500">5 mins ago</span>
   </div>
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    Donald Trump's latest insights on paying with Bitcoin <span class="self-center text-xs text-slate-500">18 mins ago</span>
   </div>
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    Bifrost receives a 500k DOT treasury liquidity loan from Polkadot to enhance liquid staking adoption <span class="self-center text-xs text-slate-500">1 hour ago</span>
   </div>
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    Sell-off alert: Cardano chart hints toward imminent ADA price drop <span class="self-center text-xs text-slate-500">2 hours ago</span>
   </div>
  </div>
 </div>
 <div class="mb-4 bg-slate-50 rounded-md layout-adjustment">
  <div id="finbold.com_middle" style="min-width: 300px; min-height: 250px;">
  </div>
 </div>
 <p class="paragraph">Hugo Philion, Co-founder of Flare, welcomed the continued support from early backers, stating:</p>
 <blockquote class="wp-block-quote">
  <p class="paragraph"><em> “I am delighted that Flare’s early backers have demonstrated a strong recommitment of support for Flare’s growing ecosystem. Their further investment into the Flare ecosystem will help the network grow and thrive by providing liquidity to DeFi and investment for projects building on Flare. Agreements over liquidity are excellent for a growing ecosystem. At this final anticipated liquidity event, I am very grateful to our early backers, for continuing to be Flare’s biggest proponents and codifying a supportive, objective relationship aligned and beneficial to Flare’s growth.”&nbsp;</em></p> <cite>— Hugo Philion, Co-founder of Flare</cite>
 </blockquote>
 <p class="paragraph">The extension of token vesting means backers will continue to receive the same amount of FLR as initially agreed upon, but for the period now extended from 2024 to Q1 2026, which should encourage sustained participation in the network over the long term.</p>
 <p class="paragraph">The FLR selling limit means early investors have committed to restricting FLR sales to no more than 0.5% of daily volume, seeking to provide clarity and stability in the market by combating volatility.</p>
 <p class="paragraph">Moreover, 50% of the proceeds generated by FLR sales until January 2026 will be reinvested in the FLR ecosystem, most notably decentralized finance (DeFi), Total Value Locked (TVL), and liquidity provision.</p>
 <p class="paragraph">Lastly, it’s important to emphasize that the new agreement stands apart from Flare’s earlier announcement regarding the burn of 2.1 billion FLR tokens in October 2023.</p>
 <h2 class="wp-block-heading" id="h-what-s-in-it-for-the-flare-investors">What’s in it for the Flare investors?</h2>
 <p class="paragraph">Under the new terms, early investors are set to receive their originally agreed-upon cut of 2% of Flare token supply, albeit with a reduction in upfront distribution and a longer vesting period.&nbsp;</p>
 <p class="paragraph">Jehan Chu, the Founder of Kenetic, expressed his confidence in Flare’s vision, saying:&nbsp;</p>
 <blockquote class="wp-block-quote">
  <p class="paragraph"><em>“We wholeheartedly believe in Flare’s vision for securing data in the age of Web3 and the potential for FAssets to empower non-smart contract tokens. With this re-structuring and agreement to heavily <a rel="noopener noreferrer nofollow" title="invest" href="https://thebittimes.com/tag/invest.html">invest</a> in Flare’s economic and financial infrastructure growth, we are confident that our early <a rel="noopener noreferrer nofollow" title="investment" href="https://thebittimes.com/tag/investment.html">investment</a> will grow exponentially beyond our initial expectations.”</em></p> <cite>— Jehan Chu, the Founder of Kenetic</cite>
 </blockquote>
 <p class="paragraph">The re<a rel="noopener noreferrer nofollow" title="investment" href="https://thebittimes.com/tag/investment.html">investment</a> of proceeds from token sales will bolster Flare’s lending protocols, decentralized exchanges (DEX), automated market maker protocols, synthetic assets, among others.</p>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/early-backers-fund-flare-reducing-liquidity-and-fueling-increased-investment-in-the-ecosystem-tbt80636.html">https://thebittimes.com/early-backers-fund-flare-reducing-liquidity-and-fueling-increased-investment-in-the-ecosystem-tbt80636.html</a></p>

Early backers fund Flare, reducing liquidity and fueling increased investment in the ecosystem

目錄

TheBitTimes

在 2024年2月23日發表的其他文章

Polygon Builds Momentum For Huge Bull Run, Will MATIC Surge?

What is AI Art, and How Does It Work?

Spot Bitcoin ETFs are reshaping gold-backed investments

Court-appointed insolvency firm takes over HectorDAO after $2.7M hack

The Recently Popular Artificial Intelligence Project Rising to the Highest Level of All Time! Wil...

Blockchain Coin Analysis: NORDEK Chain NRK’s Phenomenal Surge Indicates A Bright Future Ahead

訂閱免費電子報，每天收取加密貨幣最新動態！