While the token is new, the Flare network was already functioning and handled over 268 million requests – for data and transactions over the past week, Flare’s vice president of engineering Josh Edwards said in a Monday tweet. Layer 1 refers to base blockchains, such as Ethereum or Solana, while oracles are third-party services that fetch data from outside a blockchain to within. XRP holdings in margin accounts and crypto loans will be excluded. The tokens amassed some $25 million in trading volumes and are listed on crypto exchanges such as OKX and Kraken.įlare, which initially aimed to become a decentralized finance (DeFi) application that utilized XRP tokens, has gradually transitioned to a layer 1 blockchain and oracle provider. Well, yesterday (October 28), Binance announced that it will be supporting the Songbird Airdrop Program for XRP holders: Snapshots were taken at the first validated XRP ledger index number with a timestamp greater than or equal to 00:00 (UTC). When Binance performs the snapshot on users’ XRP (XRP) holdings for the Spark (SPARK) airdrop, it will only count XRP positions in spot wallets, savings accounts, and coin-margined futures wallets. They initially started trading at 15 cents apiece on Monday night, with prices dropping to just 2 cents at writing time. Spark Token became a highlight in cryptocurrency bullish run, moreover XRP holders are still confuse about Spark token support on key crypto trading. The airdropped tokens currently represent 15% of the project’s total supply, with the remaining scheduled to be distributed over the next three years.įLR holders would be able to vote for the way the future airdrop is distributed on Flare’s governance forums, alongside proposing other changes to the project.Īs such, the tokens were dumped almost immediately by holders, CoinGecko data shows. On 30 November 2022, Flare Network announced that the world’s largest crypto exchange Binance would be taking part in this airdrop by providing eligible customers with their first 15 of the Flare (FLR) public token distribution. Then I filled in the form on Binance.US with my email, user ID, and the associated Flare wallet address. These steps were all detailed on, and I was able to double-check my XRP wallet address on Bithomp for an associated Flare wallet address. The airdrop was conducted on a 1:1 basis, meaning one FLR for every XRP held. Then I linked the ETH wallet address to the XRP wallet through the XRP wallet message key. Over 4.28 billion FLR tokens were shared and distributed to XRP holders who held at least one token during a snapshot in December 2020. Flare Token Distribution Event - Flare ☀️ 9, 2023 Flare’s FLR tokens were finally distributed to XRP holders, starting Monday night, after a nearly two-year-long wait in an event that generated massive chatter among community members.
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