Binary.A crucial update for owners of XRP has been released by a US cryptocurrency exchange. Binance.US has now announced that the XRP holders can now get the Flare Networks airdrop.
Binary.According to the US, FLR was successfully airdropped to XRP holders who had a balance of more over 10 XRP as of the snapshot taken on December 11, 2020.
https://x.com/BinanceUS/status/1717179521105834133?s=20
In accordance with the timeframe for token distribution set out by Flare Protocol’s Flare Improvement Proposal 01 (FIP.01), the airdrop installment, which accounted for 15% of the claimable FLR tokens, was delivered on October 25, 2023, at 7:00 a.m. PDT/10:00 a.m. EDT.
The whole amount of XRP that user Binance possesses is what makes up the snapshot for the highly anticipated FLR airdrop, which was taken on December 11, 2020.US bank accounts at the moment. FLR coins should be distributed to qualified XRP holders at a ratio of 1 XRP to 0.1511 FLR.
Binance.US launched the Flare token distribution about ten months later than other cryptocurrency exchanges. Millions of receivers across several exchanges received 4.279 billion Flare (FLR) tokens in the first round of the distribution, which happened at the start of January.
Binary.Shortly after the Ripple lawsuit was filed in December 2020, US delisted XRP from its platform.
However, prominent cryptocurrency exchanges like Coinbase and Gemini relisted XRP after the historic verdict on July 13 that found XRP sold on exchanges did not constitute as securities. Binary.US joined the bandwagon as well and relisted XRP on its platform.
After the first airdrop was sent in January, Flare launched a 36-month series of FlareDrops worth 24.2 billion FLR, which recipients may claim if they had wrapped their Flare tokens. On October 13, one-eighth of the thirty-six scheduled airdrops occurred.
Binary.US claims it has not yet decided whether to allow FLR trading, purchasing, or selling on its platform.
