youngdude Posted May 21, 2021 Share Posted May 21, 2021 So if I buy Flare IOUs from an exchange, how and when does what I buy, which are IOUs, turn into actual Flare tokens? Link to comment Share on other sites More sharing options...
Seoulite Posted May 21, 2021 Share Posted May 21, 2021 Just now, youngdude said: So if I buy Flare IOUs from an exchange, how and when does what I buy, which are IOUs, turn into actual Flare tokens? It depends on the exchange. If you buy on Bitrue, they say that your IOUs will be exchanged 1-1 with FLR when the network launches. If you buy on Poloniex you will receive 15% of your total on day 1, and then 2-4% a month for about 3 years until you get your total amount. I don’t know exactly but I would guess they will convert the IOUs on the day of the launch, would be surprised if they didn’t. youngdude 1 Link to comment Share on other sites More sharing options...
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