Early backers fund Flare, reducing liquidity and fueling increased investment in the ecosystem
Flare (FLR), a layer-1 blockchain for data, has secured a round of funding from its early backers aimed at reducing immediate liquidity while boosting investment into the Flare ecosystem, according to a press release shared with Finbold on February 23. The early invest ors in Flare, such as Kenetic and Aves Lair, have reaffirmed their confidence in the project by agreeing to extend token vesting periods, imposing limits on token sales, and helping develop various aspects of the Flare ecosystem . Flare funding details The funding signals a prolonged commitment from Flare’s already long-standing supporters and a desire to safeguard the community, foster future growth, and remove some pressures from the token’s ecosystem. Picked for you Dogecoin competitor threatens 100% bullish breakout 5 mins ago Donald Trump's latest insights on paying with Bitcoin 18 mins ago Bifrost receives a 500k DOT treasury liquidity loan from Polkadot to enhance liquid stakin...