Flare Network to Reduce SGB Inflation Rate

Name: SGB Inflation Rate Reduction
Start: 2023-09-22T00:00:00Z
End: 2023-09-23T00:00:00Z

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Flare Network has announced a reduction in the inflation rate of its two cryptocurrencies, FLR and SGB. The inflation rate of FLR has already been reduced from 10% to 7% of the circulating supply in July, a year after the network’s inception. This rate is scheduled to further decrease to 5% in July 2024.

Meanwhile, the inflation rate of SGB is set to decrease from 8% to 5% on September 22nd, marking two years since the launch of the network.

Event date: September 22, 2023 UTC

Flare ☀️
@flarenetworks

Update on scheduled decreases in network inflation:

$FLR - Dropped from 10% to 7% of circulating supply in July, one year after network genesis. Will drop to 5% in July 2024.

$SGB - Will drop from 8% to 5% on the 22nd september, two years after the launch of the network.

FLR Price Changes After Event Publication

FLR Events on the Chart

1.02%

1 day

12.39%

2 days

37.59%

Now (Added 2 years ago)

The event is about to begin