Flare Network x Ripple
The Flare Network Token Distribution Event for $XRP Hodlers is confirmed for 9 January 2023. The Biggest Airdrop in Crypto History!
The total public token distribution is 28.5 Billion $FLR. 15% will be distributed on January 9, 2023, and the remainder will be distributed every month thereafter for 36 months. Flare has been in close conversation with the major exchanges to ensure people can receive their tokens.
About Flare Network & XRP
Flare Network is a layer-1 EVM blockchain that has 2 core protocols, the State Connector and Flare Time Series Oracle (FTSO). These protocols allow developers to create an ecosystem of robust and decentralized interoperability applications.
XRP is a digital asset built for payments. It is the native digital asset on the XRP Ledger, an open-source, permissionless and decentralized blockchain technology that can confirm transactions through a unique “consensus” mechanism that consumes negligible energy.
Flare Network x Ripple
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Step by step guide Flare Network x Ripple Airdrop
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Step-by-Step Guide ''Flare Network – Biggest Airdrop in Crypto History''
▪️ The total distribution has been calculated based on a snapshot of $XRP holdings taken on December 12, 2020. For every qualifying 1.0000 XRP in the snapshot, 1.0073 $FLR will be distributed. The TDE on 9 January 2023, will airdrop the first 15% of that amount. At that time, you will receive 0.151095 FLR for every 1.000000 XRP you had in the snapshot.
▪️ The support from the major exchanges agreeing to distribute $FLR to their customers within 2 weeks of this date has been excellent. The latest list of exchanges supporting the Airdrop distribution is here.
▪️ $FLR tokens will only be released to exchanges that have confirmed their commitment to distribute to their customers within a reasonable period of time. If their confirmation is not received within 6 months of the TDE date, the Foundation will burn the tokens. The remaining 85% of the tokens will be distributed in 36 monthly instalments. The method of distribution depends on the outcome of the community vote on Flare Improvement Proposal 01 (FIP.01). If Flare Improvement Proposal 01 (FIP.01) is accepted, anyone who holds wrapped FLR (WFLR) will receive a share of the token distribution, not just those who held $XRP when the snapshot was taken.
* The teams at FTX, Celsius and Voyager have been contacted in order to discuss how best to handle the token distribution. The ideal situation would be if they are able to provide their customer’s addresses to Flare, so Flare can airdrop them directly. However, these matters are never simple because bankruptcy processes are very convoluted and take a lot of time to be resolved. This is why it is generally considered safer to self-custody your crypto in a wallet like BiFrost Wallet, Ledger, Trezor or D’Cent. Good Luck!
When using decentralized applications (ÐApps), it’s critical to remember that YOU are responsible for the security of your digital assets!
Disclaimer: This content is not intended to be financial advice. Investors should take the time to research any given product before they deposit or invest their funds (DYOR).
