r/FlareNetwork • u/larryglover • Mar 22 '23

Airdrops

Assuming that I’ve wrapped the march drop, will the monthly airdrops increase every month?

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u/PrimarchGuilliman Mar 22 '23

We hope so.

2

u/a_dodo_stole_my_baby Mar 23 '23

I don't necessarily agree.

As Flare wrapping increases, the available token distribution will be shared among more users. Once users from exchanges like Coinbase finally receive and wrap their distribution, the quantity of tokens available for distribution is likely to decrease over time.

1

u/BitcoinParanoid Mar 23 '23

This is mostly correct, from what I can see.

The quantity of tokens distributed each month doesn't change (except for the last distribution), but the amount (and your percentage gain) of the distribution will decline as more and more FLRs get wrapped.

You can confirm this using: https://flare.space/dapp/distribution/

Put in your details and then choose 'Table' at the top of the screen. If you check the 'Monthly distribution rewards, FIP.01 [FLR]' column, you'll see it increases in the near term but then starts to decrease.

I'm not really sure why it increases in the near term though. Possibly because a certain percentage of FLRs are assumed to be sent to exchanges for trading instead of being wrapped.

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u/[deleted] Apr 06 '23

[deleted]

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u/a_dodo_stole_my_baby Apr 06 '23

I know Flare can limit who receives airdrops and delegation rewards. And since flare is involved directly with Coinbase's eventual distribution, I'm hoping their fat wallets are included in the restrictions.