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[Music] so [Music] [Applause] [Music] welcome back flair community today we have a very special video and this is the official publication of the flare improvement proposal zero one which talks about the distribution and the inflation rates and also the incentive pool structure of f l r so we heard about this today on twitter and what were going to do in this video is read through the documents and digest it and ill give you my opinions right at the end so lets jump in fip01 flare distribution inflation and incentive pool proposal now just before we start this is a proposal meaning a suggestion which all of the holders of flr can actually vote on and there are some restrictions in terms of the fleur foundation voting on such a proposal but were going to check that out in a moment this proposal is issued by the fleur foundation and if passed consists of a set of changes that will be made to the distribution and inflation of fleurs blockchain native flr together with changes in pay