Binance on January 9, 2023 Flare (FLR) announced that it will airdrop distribution to eligible XRP holders.
Binance has confirmed that it will support the Airdrop event announced by Flare. The airdrop distribution in question will be on November 9, 2023. Binance also supported the airdrop of the project known as Spark (SPARK) two years ago.
Binance Will Support Flare Airdrop
As a matter of fact, the Flare Networks team announced this development in an official tweet and a press release on its website. announced. “Binance has confirmed that they will provide Flare (FLR) token distribution to eligible customers on January 9, 2023.”
👏@binance has confirmed that they will provide the #flare ($FLR) token distribution to eligible customers on 9 January 2023.#ConnectEverythinghttps://t.co/tGxeZpgRxm pic.twitter.com/nHHoQfYNmC
— Flare ☀️ (@FlareNetworks) November 30, 2022
As a result, Binance will distribute the first 15% of the FLR token distribution to eligible XRP holders on the platform.
According to the Flare team, the distribution will take place at the rate of 0.1511 FLR to 1 XRP held on December 12, 2020. This means that customers with XRP on their Binance balance on December 12, 2020 will receive 0.1511 FLR for every 1 XRP token. This airdrop rate is the same as the previously announced rate.
The remainder of the token distribution will be determined by the results of the FIP.01 voting. If the votes are in favor of the offer, addresses that have their tokens packaged and handed over to FTSO will receive 0.8562 FLR tokens for every 1 XRP they own, instead of delivering them to airdrop addresses.
During the 36-month period, investors will receive 1,0073 FLR for every XRP they own.
According to the team, this is not an airdrop
Koinfinans.com As we reported, although the announcement was advertised as an airdrop, the team made a statement. by team Binance‘s announcement is only a temporary approval and is about the name change of the project.
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