First off,
support.poloniex.com...-Spark-IOU-Token-FAQ
FLR is first given out as a 15% chunk. They take 15% of your XFLR and convert that to FLR. Then each month they receive more FLR they redistribute that to XFLR holders until all XFLR is gone.
Some are saying Bitrue is giving out 100% of FLR all at once.
Only 15% of FLR is being distributed at first.
Initially, the Flare network will distribute 15% of the total FLR airdrop to Poloniex and we will distribute the full amount of FLR we receive to XFLR holders. At that time, all eligible customers who hold XFLR will automatically receive FLR proportionally to their XFLR balance. As we distribute FLR to customers, we will deduct an equivalent amount of XFLR from their account. We will continue this process with each FLR distribution we receive until we have distributed 100% of the FLR airdrop amount.
This confusion between Bitrue and Poloniex, alongside extremely thin order books, is allowing for XFLR to have Massive upside.
For example, right now, as I write this, a buy order of $535,000 would push the price to 0.38.
#oncepeoplecatchonthisisgonnabehuge
support.poloniex.com...-Spark-IOU-Token-FAQ
FLR is first given out as a 15% chunk. They take 15% of your XFLR and convert that to FLR. Then each month they receive more FLR they redistribute that to XFLR holders until all XFLR is gone.
Some are saying Bitrue is giving out 100% of FLR all at once.
Only 15% of FLR is being distributed at first.
Initially, the Flare network will distribute 15% of the total FLR airdrop to Poloniex and we will distribute the full amount of FLR we receive to XFLR holders. At that time, all eligible customers who hold XFLR will automatically receive FLR proportionally to their XFLR balance. As we distribute FLR to customers, we will deduct an equivalent amount of XFLR from their account. We will continue this process with each FLR distribution we receive until we have distributed 100% of the FLR airdrop amount.
This confusion between Bitrue and Poloniex, alongside extremely thin order books, is allowing for XFLR to have Massive upside.
For example, right now, as I write this, a buy order of $535,000 would push the price to 0.38.
#oncepeoplecatchonthisisgonnabehuge
