After almost two long years of waiting, good news has landed for XRP holders. The Flare Network has announced the planned token distribution event for its Spark Airdrop (FLR). However, some crypto exchanges have lent their support to the holder of the XRP token in order to receive the airdrop.
XRP holders must receive 15% of total eligibility
Crypto.com has announced that it will support the Airdrop Flare (FLR) for XRP Holders supporting courts. He mentioned that the airdrop will be based on the XRP balance snapshot on December 12, 2020.
The long-awaited airdrop is expected to take place between October 24, 2022 and November 6, 2022. Earlier, Huobi also announced that it will support Flare Airdrop for XRP holders. Coingpae reported that Justin Sun would be the fictional owner of Huobi Global.
According to the release, Crypto.com mentioned that there will be no minimum XRP holding requirement to receive the Flare tokens for the user. Each XRP holder will be able to receive the Flare tokens in a 1:1 ratio. However, in this airdrop, users will receive 15% of the total FLR tokens they are eligible for.
He added that Crypto.com user from supported jurisdictions with an XRP balance will be eligible for airdrop. All loaned XRP and benefits of loaned amounts in margin trading are excluded from the snapshot.
Will the price of Ripple’s token go up?
Earlier, crypto exchange Nexo announced that it would pledge to support the Spark Flare airdrop for token holders.
It’s a piece of good news for XPR owners in the midst of a volatile and dumping market. However, the past 30 days have proven to be good for Ripple’s token. The price of Ripple’s native token jumped over 18% over the same period. The token is trading at an average price of $0.462, at press time.
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