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@@ -12,88 +12,88 @@ Flare's token economics support Flare's ambition to connect the decentralized ec
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## Token Allocation
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At network genesis, 100 billion $FLR tokens (100,000,000,000) were created.
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At network genesis, 100 billion FLR tokens (100,000,000,000) were created.
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:::note
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[FIP.01](https://flare.network/fip01/) lowered the initial token supply to 15 billion FLR tokens. Accordingly, the "Initial Supply" means 15 billion $FLR tokens, and "Distributed Supply" means 100 billion FLR tokens to be distributed over 36 months via FlareDrop. "Final Supply" means Initial Supply plus Inflation.
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[FIP.01](https://flare.network/fip01/) lowered the initial token supply to 15 billion FLR tokens. Accordingly, the "Initial Supply" means 15 billion FLR tokens, and "Distributed Supply" means 100 billion FLR tokens to be distributed over 36 months via FlareDrop. "Final Supply" means Initial Supply plus Inflation.
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:::
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These tokens have been allocated to the following groups. Note the delegation, claiming, and voting abilities of each, defined here:
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-**Can delegate**: The entity can delegate tokens to the Flare Time Series Oracle to earn standard inflationary rewards.
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-**Can claim**: The entity can wrap tokens to claim a portion of the FlareDrop.
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-**Can vote**: The entity can use its tokens to participate in governance by voting on Flare Improvement Proposals.
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-**Can claim**: The entity can wrap tokens to claim a portion of the [FlareDrop](../network/guides/manage-flaredrops).
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-**Can vote**: The entity can use its tokens to participate in [governance](../network/fsp/governance) by voting on [Flare Improvement Proposals (FIPs)](https://proposals.flare.network/#flare-improvement-proposals-fip).
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### Flare Partners
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| Entity | Total $FLR Allocation | Can Delegate | Can Claim the FlareDrop | Can Vote |
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| Entity | Total FLR Allocation| Can Delegate | Can Claim the FlareDrop | Can Vote |
Flare is an EVM-based Layer 1 that gives developers decentralized access to data from other chains and the internet.
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$FLR provides support for each of these functions:
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FLR provides support for each of these functions:
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-**Network Security**: Staking to validator nodes to provide network security through proof of stake consensus.
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-**Data Provision**: Incentivized delegation to the Flare Time Series Oracle (FTSO).
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-**Network Security**: Staking to [validator nodes](../run-node/validator-node) to provide network security through proof of stake consensus.
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-**Data Provision**: Incentivized delegation to the [Flare Time Series Oracle (FTSO)](../ftso/overview).
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-**DApp Collateral**: Collateral within decentralized applications built on Flare blockchains.
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-**Governance**: Participation within network governance.
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-**Governance**: Participation within network [governance](../network/fsp/governance).
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-**Transaction Fees**: Prevention of spam attacks.
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## Public Distribution
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The 28,524,921,372 $FLR public distribution is split into two parts:
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The 28,524,921,372 FLR public distribution is split into two parts:
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1. The first 15%, the initial Airdrop (4,278,738,206 $FLR), was distributed during the Token Distribution Event (TDE) on January 9, 2023 to wallets that held XRP on December 12, 2020.
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1. The first 15%, the initial Airdrop (4,278,738,206 FLR), was distributed during the Token Distribution Event (TDE) on January 9, 2023 to wallets that held XRP on December 12, 2020.
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2. The remaining 85% (24,246,183,166 $FLR), the FlareDrop, are being distributed over 36 monthly amounts directly to token holders who have wrapped their $FLR into $WFLR.
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2. The remaining 85% (24,246,183,166 FLR), the FlareDrop, are being distributed over 36 monthly amounts directly to token holders who have wrapped their FLR into WFLR.
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## Inflation Calculation
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## Supply Metrics
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-**Initial Supply**: 15B $FLR (as specified in FIP.01)
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