The Flare Foundation will airdrop to Litecoin (LTC) holders following network integration in the second quarter of this year.
LTC Holders Prepare for FLR Airdrop
The Flare Foundation, part of the Flare Network ecosystem, plans to integrate with the Litecoin blockchain. Thus, LTC holders will have access to the functionality of smart contracts, and Litecoin developers will be able to create decentralized applications. In addition, after the integration, the project will airdrop for Litecoin holders. The company announced this on its page в Twitter.
Flare foundation token allocation will be reduced so that 5 Billion FLR can be distributed to LTC participants. Full details to come next week. /2 of 2
— Flare (@FlareNetworks) January 8, 2021
At the moment, it is known that the company will distribute 5 billion tokens to holders of LTC coins. The details of the airdrop will be announced next week.
Users estimate that approximately 75 FLR tokens will be available for each LTC.
As a reminder, the Flare Foundation previously distributed Spark tokens to XRP holders. The creators of the Flare Network blockchain ecosystem have calculated the amount of FLR tokens that will be issued to airdrop participants. According to the official announcement on the project blog, the developers will distribute more than 45.8 billion FLR tokens to XRP holders.
LTC on the rise
The possibility of receiving FLR tokens is great news for Litecoin token holders. The Bitcoin rally has pushed the LTC price to record highs. At the time of this writing, the value of the Litecoin token is $ 167, and the total capitalization exceeded $ 11 billion.
Analyst firm Quantify Crypto claims the technical indicators for Litecoin are still bullish.
Analyst Valdrin Tahiri is sure that this is far from the limit. According to him, a confident breakout of the $ 149 area, reinforced by the 0.382 Fibonacci retracement level relative to the entire previous bearish move, opens the way to the next resistance at $ 187.
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