Binance announcement came for an airdrop that XRP investors have been waiting for a long time. The leading exchange announced that it will start distributing altcoins from the following date.
Binance sets date for altcoin airdrop
Binance support has arrived for the Flare (FLR) airdrop event that XRP investors have been waiting for years. The leading exchange has announced that the Flare (FLR) airdrop event will begin on January 9. This confirmation comes after the exchange announced two years ago that it will still support the airdrop known as Spark (SPARK). The Flare Network team also announced the news in a press release and an official tweet on its website. According to Binance, the Flare (FLR) airdrop will arrive on January 9, 2023.
According to the announcement, Binance will begin distributing 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. On December 12, 2020, traders with XRP in their Binance wallet at the time the snapshot was taken will receive 0.1511 FLR for each XRP.
Finally, the team made an additional statement regarding the latest Binance confirmation. According to the press release, the exchange only confirmed the approximate date of distribution and the name change from Spark (SPARK) to Flare. This makes it clear that the latest announcement does not offer a new airdrop for Binance users. When the FLR token airdrop (formerly SPARK) was announced on November 25, 2020, Binance was one of the first exchanges to announce its support. The exchange informed its users that the snapshot will be taken at midnight on December 12, 2020.
Flare has been dormant for a long time
The Flare project is bringing smart contract capabilities like Ethereum’s to other networks, starting with Ripple. It also plans to bring the feature to Litecoin (LTC). The project essentially wants to bring DeFi capabilities to the network. Additionally, it will provide protocol management, collateralization, and data provisioning through an oracle. The likely reason for the delay of the project is the legal battle between Ripple and the SEC. This has been going on for years and will soon conclude. The current situation currently indicates that the case will likely be settled in favor of Ripple.
How do Binance users get the airdrop?
45 billion Spark tokens will be airdropped to XRP holders on January 9. You can claim these tokens using your own wallet. This way, users only had to keep their XRP on Binance at the time of the snapshot. cryptocoin.com We have provided the details of the airdrop date in October. The users who qualified to participate in this airdrop event were the ones holding XRP in the snapshot in December 2020. After nearly two years of waiting, the final is approaching.
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