Flare Airdrop News: Crypto exchange Coinbase on Friday stated that it has completed the highly anticipated Flare (FLR) tokens airdrop. It stated that more than 601 million FLR tokens have been distributed to eligible users (XRP holders). However, the Flare Token price has not been affected much.
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Coinbase completes Flare Airdrop
According to the announcement, Coinbase has enabled the outgoing transfers for Flare tokens on the platform. It previously stated that trading will begin if liquidity conditions are met. However, FLR tokens are listed under the experimental label for now.
It mentioned that under the experimental asset label, certain tradable crypto assets, either new or with low trading volume orders, are listed. However, Coinbase advised users to be careful with these assets as they can carry various risks. This includes price fluctuations and canceled orders related to lower volume.
Coinbase emphasized that the Flare airdrop is based on the XRP balance presented on the exchange on December 12, 2020. However, the distribution ration will be 1.0073 Flare for every 1 XRP X 0.15.
However, Flare token prices have not been affected much after the Coinbase airdrop. The FLR price is down about 3% in the past 24 hours. Flare is trading at an average price of $0.000410 at the time of going to press.
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The post Coinbase Airdrops 601 Million Flare (FLR) Tokens to XRP Holders; What’s next? appeared first on CoinGape.
This post Coinbase Airdrops 601 Million Flare (FLR) Tokens To XRP Holders; What’s next?
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