Smart contract platform Flare Network has distributed an initial airdrop of 4.28 billion FLR tokens to millions of users (holding at least 1 XRP), representing 15% of the project’s total supply and the remaining 85% based on a December 2020 snapshot. It will be distributed over the next three years, and FLR token holders of the initial airdrop will be able to vote on governance proposals for the secondary distribution. Foresight News noted that Flare Network initially aimed to create a DeFi ecosystem for XRP, and planned to airdrop holders such as XRP, and completed a financing of US$11.3 million in early June 2021. DCG and others participated in the investment to continue to expand the Flare ecosystem .