Dear Poloniex Users,
According to the official announcement from Flare, the Flare Network's native token is Flare Network (FLR) and the FLR token distribution will take place on January 9th. Poloniex will support the Flare Network (FLR) token launch, and the Flare Network (FLR) and Spark [IOU] (XFLR) token swap. The specific details as follow:
- Poloniex will suspend trading for XFLR (XFLR/USDT) on January 10, 2023 at 06:00 (UTC), and all pending orders will be canceled;
- Poloniex will take a snapshot of the funds of users holding XFLR tokens on January 10, 2023 at 08:00 (UTC). At the same time, 15% of the funds in the XFLR snapshot will be replaced according to the ratio of XFLR: FLR=1:1, which is Users who hold XFLR tokens will issue new tokens FLR; this also means that after the token swap is completed, 15% of the user's XFLR assets will be replaced with the equal amount of FLR assets;
- Poloniex will list Flare Network (FLR) tokens on January 10, 2023 at 15:00 (UTC); At the same time, 15% of the funds in the XFLR snapshot will be replaced according to the ratio of XFLR: FLR=1:1, which is Users who hold XFLR tokens will issue new tokens FLR; this also means that after the token swap is completed, 15% of the user's XFLR assets will be replaced with the equal amount of FLR assets;
- Poloniex will enable the FLR deposit and withdrawal on January 10, 2023 at 16:00 (UTC);
- Poloniex will enable the XFLR trading pair (XFLR/USDT) and FLR trading pair (FLR/USDT) on January 10, 2023 at 18:00 (UTC).
- The balance of the XFLR can change at any point in time during the swap process. Please be assured that your assets are safe.
- Further details on the Flare Network (FLR) airdrop will be announced separately.
For more information:
Flare Network official website: https://flare.network/
Flare Network official announcement: https://flare.network/update-for-exchanges/
Flare Network Token Distribution FAQ: https://flare.network/tde-faqs
January 10, 2023
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