Flare Network Will Burn 2% of Total Token Supply to Support Ecosystem

Crypto Exchange OKX Burns $258M of OKB Tokens in Record Move

“We are very happy to have reached an agreement with our shareholders and thank them for their support,” Hugo Philion, CEO and co-founder of Flare, said in a statement. “Without this burn, the investors would be able to claim approximately 3x their original allocation through the FlareDrops, unfairly diluting community holdings.”

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