CoinVoice has recently learned that on October 13, according to CoinDesk, Flare Network announced that it would destroy 2.1 billion FLR tokens to support the healthy development of the ecosystem. Among them, 198 million FLR will be destroyed immediately, and then 66 million FLR will be destroyed every month until January 2026.
The tokens destroyed were originally allocated to Flare's early backers, but after Flare reached an agreement with these entities on how to affect the distribution of tokens to shareholders, these tokens are no longer distributed. Based on current prices, the total value of the tokens destroyed is approximately $20 million. [Original link]