FLARE
  • Flare: The OFT Hyper-Deflationary Protocol on TitanX
  • Flare Minting and Auction Process
  • Mint Allocation and Ratio
  • Liquidity Pool Creation
  • Daily Auction Pool Mechanics
  • Buy & Burn Mechanics
  • Buy/Sell Tax
  • Conclusion
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Flare Minting and Auction Process

Overview:

  • Minting: Flare tokens are minted each week over a 24-hour period.

  • Auction Start: Auctions begin on Day 2 of the first week and run daily, except on weekly mint days. Post-distribution, auctions continue every day.

Minting Schedule:

  • Weekly Mint: Every Friday at 2pm UTC, ending Saturday at 2pm UTC.

  • Claim Window: Each week, claims begin at 2pm UTC on Saturday after the 24-hour mint closes.

Auction Days: Daily auctions start on Day 2, continuing through the week except for minting days.

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Last updated 6 months ago

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