Flare is building a dApp to display how many FLR tokens people will receive.
With Flare Network preparing for its token distribution, the team behind the project has revealed that it is currently developing a new decentralized application (dApp) for the community.
According to a recent announcement by Flare.Space, the decentralized application, will keep XRP holders, who are beneficiaries of the Flare token airdrop, informed about the number of FLRs they can receive.
This way, people can keep tabs on the number of tokens they are entitled to get when the token distribution commences.
“We are developing a dApp that will show you how much MORE FLRs you can get,” the project noted in a tweet.
The team did not share more insights about the upcoming decentralized application. However, it assured its community that it would release more details when its Twitter followers soared to 2,000. Currently, the number of followers on the official Twitter account of Flare.Space is around 1,200.
Proposed FIP.01 will change the tokenomics of the #Flare network for the benefit of the holders!
We are developing a dApp 🔥 that will show you how much MORE FLRs you can get.
If you want to access the dApp, follow us. We will release it once we reach 2,000 followers. pic.twitter.com/NDrBXVtifl
— flare.space (@flare_dot_space) October 1, 2022
Flare: FIP.01 Proposal Will Benefit Existing Token Holders
Meanwhile, Flare.Space further assured FLR holders that the recently-launched Flare Improvement Proposal 01 (FIP.01) will change the tokenomics of FLR and benefit holders of the cryptocurrency. According to a blog post, the proposal will contribute to the long-term success of Flare.
“This proposal has been designed to preserve existing airdrop recipients’ foundational place in the ecosystem and put those coming fresh to the ecosystem on equal footing,” an excerpt noted.
Flare to Distribute Tokens Soon
Flare recently confirmed the timeline for its token distribution to XRP holders. In a tweet, Flare said the token would be distributed to XRP holders between October 24, 2022, and November 6, 2022.
The FLR token distribution to XRP holders will depend on whether the network will attract “sufficient validators,” the announcement added.