Flare Finance's FLR Snapshot
Easy to understand if you see the example.
If you were holding 10,000 XRP at the time of snapshot (12/12/2020) and supporting exchanges or wallets, you will get 1500 FLR and 8.72 yFLR near future. (Assume you don't sell FLR before FLR snapshot and swap DFLR to yFLR successfully.) Also following 24-36 months, you will receive 236 ~ 354 FLR every month for 2-3 years.
15% of 10,000 FLR = 1500 FLR
1500 DFLR / 172 (ratio) = 8.72 yFLR
80% of 10,000 FLR = 8,500 FLR
8,500 FLR / 24 = 354 FLR/month
8,500 FLR / 36 = 236 FLR/month
This is just an example. If you see the number, easy to understand.
However, this number is not the final. It may change here and there.
Sounds good!
List of supporting exchanges:
https://flare.xyz/supporting-exchanges/
List of supporting wallets:
https://flare.xyz/supporting-wallets/
日本のサポート交換所:
https://flare.xyz/japanese-supporting-exchanges/
6/11/2021 is the last day to claim
If you hold XRP on the supporting wallets, you still have a time to claim FLR. (Until 6/11/2021) Here is the instruction.
You can confirm by inputting XRP's address.
If you didn't have XRP on the supporting exchanges, you won't receive FLR. But you can buy FLR/XRP or FLR/USD (Both IOU) at Bitrue.
(Disclaimer: This is not financial advice and I am not a financial adviser. This article is for education purpose.)
Clarify the 4 different tokens
Ripple's XRP tokens (XRP Ledger)
Flare Network’s Spark (FLR) tokens
Flare Finance's DFLR tokens.
Flare Finance's yFLR tokens.
FLR per DFLR ratio will be 172:1
*FLR Snapshot schedule*
DFLR Snapshot is for FLR holders. Not for XRP holders. (Don't confuse.) If you don't have FLR tokens on the day of snapshot (one month after launch), you won't receive DFLR. Be careful, DFLR has no value so you have to swap to yFLR on the Flare Finance dApp within 7-10 days.
Flare Network and Flare Finance
Flare Network and Flare Finance are different. XRP snapshot is from Flare Network and FLR snapshot is from Flare Finance.
Bitrue will support FLR snapshot ($DFLR) for now. You have to move the received FLR to supporting Exchanges or Wallets to participate FLR snapshot. Be careful, DFLR has no value so you have to swap to yFLR on the Flare Finance's dApp within 7-10 days.
Once in a life time event is near
First come, first serve. Knowledge is power. Good luck!
https://www.youtube.com/watch?v=njQLMI-Yd9M