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Flare IOU into Token?


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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.

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