Wednesday, May 29, 2024
HomeCryptocurrencyFlare Networks Set to Airdrop Spark (FLR) to XRP Holders As Crypto....

Flare Networks Set to Airdrop Spark (FLR) to XRP Holders As Crypto. Com Announces Support

After about 2 years of waiting, Flare Networks is now set to airdrop Spark (FLR) to the eligible XRP holders. Recently, the crypto project released a new distribution schedule, stating that the airdrop would play out between October 24 and November 6, depending on the readiness of crypto exchanges.

Initially, the tokens were planned to be airdropped in early 2021, according to an announcement in late 2020. But it has since been delayed, keeping XRP holders in constant anticipation. It can be recalled that the snapshot of XRP Ledger was taken around late 2020, and there are a total of 100 billion Spark tokens to be airdropped.

Read Also: Flare Network New Dapp Will Let XRP Holders See Number of Spark (FLR) They Will Receive

Crypto.Com Announces Support for Spark (FLR) Airdrop to XRP Holders

Crypto.Com, the leading crypto exchange based in Singapore, has recently announced its support for the upcoming Spark (FLR) distribution.

According to the exchange in the recent official announcement, it will support the Flare (FLR) airdrop for XRP holders from the supported jurisdictions. The exchange also stated that the distribution will be based on the snapshot of the XRP balance on the 12th of December 2020 at 00:00 UTC.

Crypto.Com, “Crypto.com is supporting the Flare (FLR) airdrop for XRP holders from supported jurisdictions. Based on the snapshot of XRP balance on 12 December 2020, 00:00 UTC.”

Read Also: Flare CEO Updates XRP Holders on When to Expect Spark Token Airdrop

It should be noted that all those eligible for the airdrop will receive 15% of the claimable Spark tokens allocated to them. Once this happens, the remainder will be released over a minimum time frame of 25 months and a maximum of 34 months, which can be estimated at 3% per month.

<

All XRP holders on exchanges that support the distribution will be eligible for the much-anticipated airdrop. But blacklisted accounts for acquiring XRP as a result of fraud, theft, and scams, including that of Ripple co-founder Jed McCaleb, will be ineligible.


Follow us on Twitter, Facebook, Telegram, and Google News

Solomon Odunayo
Solomon Odunayo
Solomon is a trader, crypto enthusiast, and analyst with over four years of experience in the industry. He strongly believes that crypto assets and the blockchain will continue to gain prominence. At TimesTabloid.com, he focuses on news, articles with deep analysis of blockchain projects, and technical analysis of crypto trading pairs.
RELATED ARTICLES

Latest News & Articles