Popular cryptocurrency exchange Huobi, Ripple (XRP) announced that it will support the Flare Network (FLR) airdrop program for its owners.
FLR Airdrop to Users Holding Ripple (XRP) on December 12, 2020 on Huobi
The amount of airdropped FLR for each XRP holder will be calculated at the rate of 1 XRP/0.1511 FLR based on the snapshots taken on December 12, 2020 at 03:00 Turkish time.
The snapshots will cover XRP balances in spot accounts, margin accounts (excluding borrowed XRP and margin interest), coin-margined delivery accounts, coin-margined perpetual accounts, and fiat accounts.
Sub-account balances will be transferred to main accounts for calculation. XRP balances waiting to be deposited or withdrawn at the time of the snapshot will not be counted.
Accounts with less than 10 XRP, including pending orders recorded in the snapshot, will be excluded from the airdrop program. Huobi will distribute FLR tokens to users’ spot accounts immediately after receiving the airdropped tokens, depending on the snapshot amount and distribution rate. A new notification will be posted when the deployment is complete.
It’s important to note that Huobi’s current listing process also applies to airdropped tokens. The decision to open trading for FLR will depend on Huobi’s follow-up plans and announcements.
Additionally, users registered or KYC verified in certain countries and regions including Mainland China, United States, Canada, Japan, Cuba, Iran, North Korea, Sudan, Syria, Venezuela, Singapore, and Crimea are eligible to receive the FLR token airdrop. it won’t.
*Not investment advice
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