The Spark airdrop is going to be rewarded on a 1:1 basis to XRP holders. Ripple denies XRP is a security.Ĭoinbase was one of the exchanges that delisted the token that moved to honor the airdrop. Binance will take a snapshot to users that hold XRP. Introduction As you may know, Ripple’s XRP Ledger (XRPL) is a global payment and foreign exchange network. All you have to do is hold your XRP on Binance, and you can get your share of the airdropped tokens. Securities and Exchange Commission (SEC) sued Ripple and two of its executives alleging they sold unregistered securities when they issued $1.3 billion worth of XRP tokens. A portion of the supply is airdropped to XRP holders including those on Binance. These platforms delisted the token after the U.S. Notably some cryptocurrency exchanges have delisted XRP since the airdrop was first announced, including Coinbase. Over the last 7 days, Flare's APIs have handled 268m requests #ConnectEverything #Flare #Songbird /2BRbx3BHZQ Flare (FLR) tokens were distributed to eligible users at a ratio of 1 XRP 0.1511 FLR. The Flare Network initially aimed to become a decentralized finance application bringing in Ethereum Virtual Machine (EVM) compatibility to the XRP Ledger, and has been gradually transitioning into a layer-1 blockchain and oracle service.Īccording to Flare’s vice president of engineering Josh Edwards, the Flare Network has been running before the airdrop, and over the past seven days handled 268 million requests for data and transactions. Fellow Binancians, Binance has completed the Flare (FLR) air. The token plunged to a $0.02 low before it started recovering to $0.04. As other platforms including Kraken and OKX joined in, liquidity increased and airdropped recipients started dumping FLR. Going forward, FLR token holders will be able to vote on the way the future airdrop is distributed via Flare’s governance system, while also being able to propose and vote on other changes to the project.įlare’s FLR tokens started trading at around $0.05 as soon as the airdrop started, and quickly tripled to $0.15 amid low liquidity on the MEXC exchange. A total of 4.28 billion FLR were distributed to XRP holders. Those holding $XRP back on December 12, 2020, have finally started receiving their Flare ($FLR) token airdrop, with 15% of the cryptocurrency’s total supply now being sent to holders at the time of the snapshot, and the rest set to be distributed over the next three years.Īs CryptoGlobe reported, over 52 cryptocurrency exchanges supported the FLR token airdrop to XRP holders, distributing tokens at a 1:1 ratio, meaning that for every 1 XRP held at the time of the snapshot, investors received 1 FLR token.
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