After nearly two long years of waiting, there is good news for XRP holders. The Flare Network announced the token distribution event planned for the airdrop of its Spark (FLR). However, some crypto exchanges have backed the XRP token holder to receive the airdrop.
XRP holders receive 15% of total eligibility
Crypto.com has announced that it is the Flare (FLR) airdrop for the XRP mounts of supporting jurisdictions. It was mentioned that the airdrop will be done based on the snapshot of the XRP balance on December 12, 2020.
The highly anticipated airdrop is expected to take place between October 24, 2022 and November 6, 2022. Previously, Huobi also announced that it will support the Flare airdrop for XRP holders. Coinpae reported that Justin Sun is reportedly the shadow owner of Huobi Global.
As per the release, Crypto.com said there is no minimum XRP holding requirement to receive the Flare tokens for the user. Any XRP holder can receive the Flare Tokens in a 1:1 ratio. However, in this airdrop, users will receive 15% of the total FLR tokens for which they are eligible.
It added that the Crypto.com user from supported jurisdictions with an XRP balance is eligible for the airdrop. All XRP lent and benefits of amounts borrowed in margin trading are excluded from the snapshot.
Will Ripple Token Price Rise?
Earlier, Nexo crypto exchange announced that it will be committed to supporting the Spark Flare airdrop for the token holders.
It’s good news for XPR holders amid the volatile and dumping market. However, the past 30 days have proven to be good for Ripple’s token. Ripple’s original token price is up more than 18% over the same period. The token is trading at an average price of $0.462 at press time.
Ashish believes in decentralization and has a keen interest in evolving Blockchain technology, the cryptocurrency ecosystem and NFTs. He aims to create awareness around the growing Crypto industry through his writings and analysis. When he’s not writing, he plays video games, watches a thriller, or works out outside. Reach me at [email protected]
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