Flare 

Flare Network will reduce the supply of tokens in circulation by burning 66 million FLR tokens. Read the following article to find out the full news!

Flare Network Burns FLR Tokens

<img src="https://static.bittime.com/cms-static/upload/Flare_Network_Burns_FLR_Tokens_fe4f749045.webp" alt="Flare Network Burns FLR Tokens" width="2048" height="1152"><a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/?cn=400001">Bittime</a> -&nbsp;Flare Network announced that it would reduce the supply of circulating tokens by burning 66 million FLR tokens worth approximately $1.4 million. Read the following article to find out the complete news!<a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/register?cn=400001"><img src="https://static.bittime.com/cms-static/upload/Lucky_Draw_Bittime_072d476ddf.jpg" alt="Lucky Draw Bittime" width="746" height="155"></a><h2 style="line-height:1.38;margin-bottom:4pt;margin-top:18pt;text-align:justify;" dir="ltr">Flare Network Burn FLR Token&nbsp;</h2>Token destruction or what is often called token burn is a strategy commonly used in the crypto world to reduce the number of tokens circulating on the market.&nbsp;By reducing supply, the value of remaining tokens is expected to increase. Flare Network understands the importance of this step to maintain the stability and long-term value of the FLR token.The destruction of 66 million tokens also included transaction fees and unclaimed rewards. Thus, every activity on the Flare network contributes to a reduction in the circulating supply of tokens.&nbsp;&nbsp;<a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/staking?cn=400001"><img src="https://static.bittime.com/cms-static/upload/Staking_Meme_Coin_3f18ac9bb9.jpg" alt="Staking Meme Coin" width="2985" height="620"></a><h2 style="line-height:1.38;margin-bottom:4pt;margin-top:18pt;text-align:justify;" dir="ltr">Token Burn Target: 2.1 Billion FLR by 2026</h2>Flare Network has set a target to destroy a total of 2.1 billion FLR tokens by 2026. This is a significant step considering the large number of tokens that will be removed from circulation.&nbsp;This gradual destruction of tokens also provides certainty for investors and FLR token holders that the token supply will continue to decrease over time.&nbsp;&nbsp;<img src="https://static.bittime.com/cms-static/upload/Flare_99b3914782.png" alt="burn token FLR" width="1920" height="1080">Source: Twitter.com/FlareNetworks&nbsp;<h2 style="line-height:1.38;margin-bottom:4pt;margin-top:18pt;text-align:justify;" dir="ltr">Influence of Token Burn on FLR prices</h2>The destruction of 66 million FLR tokens worth $1.4 million is expected to have a positive impact on the value of the FLR token. As supply decreases, inflationary pressure on tokens will decrease, allowing the value of remaining tokens to increase.&nbsp;Burn tokens This is an effective strategy to maintain token value in a market that often experiences volatility. This move also shows that Flare Network is not only focused on developing their technology and ecosystem, but also paying attention to the economic aspects and value of their tokens.&nbsp;&nbsp;<a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/airdrop/Hamster_Kombat?cn=400001"><img src="https://static.bittime.com/cms-static/upload/banner_airdrop_hamster_kombat_bittime_7ccd46df19.jpg" alt="Airdrop Hamster Kombat Bittime" width="2985" height="620"></a><h2 style="line-height:1.38;margin-bottom:6pt;margin-top:18pt;text-align:justify;" dir="ltr">How to Buy Crypto with Bittime</h2><a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/how-to-buy?cn=400001"><img src="https://static.bittime.com/cms-static/upload/Cara_Beli_Crypto_di_Bittime_8a66f330dc.jpg" alt="Cara Beli Crypto di Bittime" width="776" height="273"></a>You can buy and sell crypto assets in an easy and safe way through Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.&nbsp;To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.&nbsp;Monitor graphic movement<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/BTC?cn=400001">&nbsp;</a>price&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/BTC?cn=400001">Bitcoin (BTC)</a>,<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/ETH?cn=400001">&nbsp;Ethereum (ETH)</a>,<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/SOL?cn=400001">&nbsp;Solana (SOL)</a>&nbsp;and other cryptos to find out today's crypto market trends in real-time on Bittime.

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Flare Network Burns FLR Tokens.webp

  Flare Network Burns 66 Million FLR Tokens, Worth $1.4 Million!

Flare Network announced a decrease in the inflation rate of the $FLR token that will take effect on July 5, 2024 at 02:00 WIB. The $FLR inflation will drop from 7% to 5%.

Flare Inflation Rate

<img src="https://static.bittime.com/cms-static/upload/Flare_Inflation_Rate_0f9fe9aaba.png" alt="Flare Inflation Rate.png" width="2048" height="1152"><a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/?cn=400001">Bittime</a> -&nbsp;Flare Network announced a reduction in the $FLR token inflation rate that will take effect on July 5, 2024 at 02:00 WIB. $FLR inflation will fall from 7% to 5% to reach a more sustainable level. This change has been approved by the Flare community.<a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/register?cn=400001"><img src="https://static.bittime.com/cms-static/upload/banner_lucky_gift_bittime_98428dba08.jpg" alt="banner lucky gift bittime.jpg" width="746" height="155"></a><h2 style="line-height:1.38;margin-bottom:12pt;margin-top:12pt;text-align:justify;" dir="ltr">Decreasing Inflation Flare Rate ($FLR)&nbsp;&nbsp;</h2>This decrease in inflation rates will reduce the number of new FLR tokens minted each year creating a scarcer long-term supply. While delegation and staking rewards will be adjusted to reflect lower inflation rates.In other words, this reduced inflation is expected to balance short-term growth with long-term scarcity for the $FLR token. This is a strategic move to ensure long-term economic health for the Flare ecosystem.<h2 style="line-height:1.38;margin-bottom:12pt;margin-top:12pt;text-align:justify;" dir="ltr">The Impact of Decreasing Inflation Rates on the Flare Ecosystem</h2>A decrease in the inflation rate usually has a positive impact on token prices. However, this effect does not always occur directly and is influenced by various other market factors.However, reduced inflation is a positive signal for $FLR token holders as token supply becomes scarcer. This may increase long-term demand for $FLR.In addition, Flare Network promises to continue to be committed to building a rapidly growing ecosystem that benefits all participants.<h2 style="line-height:1.38;margin-bottom:12pt;margin-top:12pt;text-align:justify;" dir="ltr">What's that Flare Network?</h2>Flare Network is a Layer 1 blockchain network that aims to expand the function and utility of existing digital assets. The network offers adoption of Turing-complete Ethereum smart contracts to various blockchains, including XRP Ledger, Dogecoin, and Algorand.With smart contract functionality, Flare Network enables existing crypto assets to participate in the rapidly growing DeFi economy.<a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/staking?cn=400001"><img src="https://static.bittime.com/cms-static/upload/banner_staking_memecoin_0ca1e8161e.jpg" alt="banner staking memecoin.jpg" width="2985" height="620"></a><h2 style="line-height:1.38;margin-bottom:12pt;margin-top:12pt;text-align:justify;" dir="ltr">Unique Features of Flare Network</h2>Apart from that, Flare Network also offers unique features, such as State Connector, F Assets, and Flare Finance.<ul style="margin-bottom:0;margin-top:0;padding-inline-start:48px;"><li style="background-color:transparent;color:#000000;font-family:Arial,sans-serif;font-size:11pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:disc;text-decoration:none;vertical-align:baseline;white-space:pre;" dir="ltr" aria-level="1">State Connector: Enables interoperability between previously unrelated blockchains.</li><li style="background-color:transparent;color:#000000;font-family:Arial,sans-serif;font-size:11pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:disc;text-decoration:none;vertical-align:baseline;white-space:pre;" dir="ltr" aria-level="1">F Assets: Native crypto asset representation on the Flare blockchain.</li><li style="background-color:transparent;color:#000000;font-family:Arial,sans-serif;font-size:11pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:disc;text-decoration:none;vertical-align:baseline;white-space:pre;" dir="ltr" aria-level="1">Flare Finance: A DeFi ecosystem built on the Flare Network.</li></ul><h2 style="line-height:1.38;margin-bottom:6pt;margin-top:14pt;text-align:justify;" dir="ltr">How to Buy Crypto with Bittime</h2><a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/how-to-buy?cn=400001"><img src="https://static.bittime.com/cms-static/upload/banner_cara_beli_bittime_5229dc6464.jpg" alt="banner cara beli bittime.jpg" width="776" height="273"></a>You can buy and sell crypto assets in an easy and safe way through Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.&nbsp;To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.&nbsp;Monitor graphic movement<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/BTC?cn=400001">&nbsp;Bitcoin (BTC)</a>,<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/ETH?cn=400001">&nbsp;Ethereum (ETH)</a>,<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/SOL?cn=400001">&nbsp;Solana (SOL)</a>&nbsp;price and other cryptos to find out today's crypto market trends in real-time on Bittime.

Flare Network Burns 66 Million FLR Tokens, Worth $1.4 Million!

Flare Inflation Rate (FLR) Drops from 7% to 5%, Starting July 5!