![]() Philion disclosed that the project is already communicating with top trading platforms to meet the requirements for the upcoming airdrop. ![]() While most XRP holders may not seem happy about the distribution process of the FLR tokens, Flare Network hinted that the process is designed to prevent negative impacts on the cryptocurrency when it goes live. On the launch of Flare, eligible XRP holders will be airdropped 15% of their claimable FLR tokens in their various exchange accounts.įurthermore, eligible traders will be required to claim an average of 3% of their remaining FLR tokens monthly, which is expected to last for the next 25 or 34 months after the airdrop commences. Since the airdrop exercise was announced in December 2020, the distribution has been postponed on several occasions despite Flare outlining the process of distribution.Īccording to Flare, Ripple traders holding XRP in their accounts on various exchanges on the snapshot date of Decemat 00:00 UTC will participate in the 100,000,000,000 Spark token airdrop. Recall that the XRP community has been anticipating the distribution of FLR to their wallets since last year. A full roadmap to Flare launch will be release in the coming weeks. This will then allow us to proceed to Flare launch. We are upgrading Songbird, before the end of March 2022, with the final 2 protocols required before Flare launch. A full roadmap to Flare launch will be released in the coming weeks,” Philion said in a recent tweet.įor all those asking where their $FLR is. “With the final 2 protocols required before Flare launch, will allow us to proceed to Flare launch. Hugo Philion, the co-founder and CEO of Flare, stated that the project is upgrading Songbird, its canary network before proceeding to airdrop eligible XRP holders with the FLR tokens.Īccording to Philion, the upgrade, which is expected to be rounded up before the end of March 2022 is an important phase of the Flare Network’s launch, and the project is taking time to ensure everything goes smoothly.
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