Flare Network
FLR
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Price
0.02658724 USD
% Change
0.17%
Market Cap
1.46B USD
Volume
10M USD
Circulating Supply
54.9B
Flare Network to Reduce SGB Inflation Rate
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
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 - 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
1.02%
1 day
12.39%
2 days
139.10%
Now (Added 1 year ago)
The event is about to begin
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Added by
Alika
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