“We are very happy to have reached an agreement with our shareholders and thank them for their support,” Hugo Philion, CEO and co-founder of Flare, said in a statement. “Without this burn, the investors would be able to claim approximately 3x their original allocation through the FlareDrops, unfairly diluting community holdings.”

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• Source: https://www.coindesk.com/tech/2023/10/13/flare-network-will-burn-21b-flr-to-support-ecosystem-health/?utm_medium=referral&utm_source=rss&utm_campaign=headlines