Flare Networks has confirmed that the Flare (FLR) Token Distribution Event is slated to hold on the 9th of January 2023. The firm has also released the list of major crypto exchanges ready to distribute the tokens to XRP holders.
According to the report, the exchanges agreed to distribute FLR to their customers within 2 weeks of the TDE date.
Binance, OKX, Kraken, Nexo, KuCoin, Huobi, Gate.io, Bitfinex, Bitrue, Crypto.com, BitStamp, Bithumb, UpBit, Okcoin, MEXC, Poloniex, Uphold, Bitso, CEX.io, GateHub, Probit, iTrust Capital, Liquid, BTC Trader, and Bitcoin Meester.
Aside from the top exchanges listed above, Flare is still expecting many more crypto exchanges to show on the list over the coming weeks.
Flare also revealed that Japanese exchanges such as Bitbank, Coincheck, Huobi JP, and DMM Bitcoin, have been working through JVCEA and FSA approval in order to be able to support FLR distribution
Exchanges Have To Confirm Their Commitment
Flare Networks also emphasized that FLR will only be released to exchanges that have confirmed their commitment to distribute to their customers within a reasonable period of time. If they fail to confirm their commitment within 6 months of the TDE date, the foundation will burn the tokens.
According to the Foundation, Exchanges that are yet to confirm their commitment are Coinbase, eToro, Binance US, BitFlyer, SBI VC Trade, BITPoint Japan Co., Ltd, Amber Japan K.K. (Former DeCurret Inc.), SAKURA Exchange BitCoin, Inc. (Former Xtheta Inc.), CoinSpot, and BTC Markets.
Also, the supported Songbird includes GoPax, Digifinex, Coinfield, Korbit, and CoinEx.
The Foundation also revealed that it has scheduled a meeting with Bittrex and Bittrex US, urging users to hold off from contacting them.