Flare Networks to Airdrop 46 Billion Tokens to XRP Holders

Flare Networks has announced the number of Spark (FLR) tokens that it will be issuing to eligible XRP holders.

Users that held XRP on exchanges such as Coinbase, Kraken, Binance, Bitstamp, and other exchanges will receive this airdrop. Users have until Jun. 11, 2021, to claim their tokens

Flare Ignites Ripple Frenzy

Hugo Philion, Flare Networks’ CEO and co-founder, has stated that the total distribution has gone up from 45 billion to ~45.83 billion. 

The reason for this ~0.83 billion increase is due to Ripple’s custody of XRP on behalf of a charitable organization. This organization is also permitted to claim their FLR airdrop. However, the total FLR created remains unchanged, with 100 billion FLR tokens created in total.

Eligible XRP holders will earn 1.0073 FLR tokens for each XRP that they held at the time of the Dec. 12 snapshot. For example, an eligible user who held 100 XRP will receive 100.73 FLR tokens.

The first round of distribution on Flare Networks launch will transfer 15% of the total claim amount to users. Users will receive the remaining FLR tokens over the next 25 to 34 months.

The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.

You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.

See full terms and conditions.

Source: Read Full Article