Flare Airdrop Distribution to XRP Holders

Overview

A major cryptocurrency exchange platform successfully completed the Flare airdrop distribution to XRP holders. Users could verify the receipt of these tokens through the Distribution page under Transaction History. This airdrop represented a significant event for XRP token holders who met the eligibility criteria during the designated snapshot period.

Snapshot Details

The snapshot for this airdrop was taken at the XRP ledger index number of 60,155,580, with a timestamp of December 12, 2020 at 00:00 UTC. The snapshot included the net XRP balances in the following wallet types:

• Spot wallets
• Simple Earn Flexible Products (previously known as "Savings accounts")
• Coin-Margined Futures wallets

Importantly, XRP borrowed from Margin or Crypto Loans, as well as XRP transferred to these wallet types from other accounts, were excluded from the snapshot calculation.

Eligibility Criteria

Only users who held at least 10 XRP in their platform accounts during the snapshot period were eligible to receive the Flare airdrop. This minimum holding requirement applied to all XRP, including those held in active trade orders at the time of the snapshot.

Distribution Ratio

Flare tokens were distributed to eligible users according to a fixed conversion ratio of 1 XRP = 0.1511 FLR. This ratio was applied uniformly across all qualified participants based on their XRP holdings at the time of the snapshot.

Important Notes

Several important considerations applied to this airdrop distribution:

• Users needed to ensure that the "Hide Small Balances" option was NOT selected in order to view their Flare token balance in the "Fiat and Spot" Wallet section.
• While withdrawals for Flare tokens were enabled following the distribution, deposits for Flare tokens were not supported. Users were strongly advised not to attempt Flare deposits to avoid the risk of losing their funds.
• U.S. persons, entities, and individuals from sanctioned countries were not eligible to receive this airdrop, in accordance with applicable regulations and platform terms of service.
• In cases where discrepancies existed between translated versions and the original English version of the announcement, the English version prevailed as the authoritative source.

FAQ

What is Flare Network and why does it conduct airdrops to XRP holders?

Flare Network is a blockchain platform designed to connect and enable smart contracts across multiple assets. The airdrop to XRP holders rewards early supporters and incentivizes ecosystem participation, strengthening network activity and adoption.

How do I confirm whether I am eligible for the Flare airdrop?

You must have held XRP in a compatible wallet on December 12, 2020 to qualify. Since that snapshot date has passed, eligibility was determined at that specific time. Check your wallet holdings from that date to confirm your eligibility status.

Flare空投的具体分配时间表是什么？

Flare空投分配时间表为10月24日至11月6日，向XRP持有者进行Spark（FLR）代币分发。该空投已于2023年完成。

How do I claim Flare airdrop tokens?

Open Bifrost, select Flare token, click the three-dot menu, choose Delegate, then click View More in the Rewards section to claim your tokens automatically.

What are the uses and value of Flare token (FLR)?

FLR is the native token of Flare Network, used to pay transaction fees, participate in governance voting, and stake to secure the network. As an EVM-compatible Layer 1 blockchain's native asset, FLR has utility and long-term value potential.

Does participating in Flare airdrop require fees or involve risks?

Participating in Flare airdrop is completely free with no fees required. However, you may be subject to capital gains tax when holding tokens. Investment risks are your personal responsibility.

How are airdropped tokens stored and traded?

Store airdropped tokens in a secure wallet, such as a hardware wallet for enhanced security. Trade tokens on reputable multi-currency platforms with good liquidity. Ensure the platform supports the specific token before proceeding with transactions.

What is the relationship between Flare Network, XRP, and Ripple?

Flare Network connects Ripple's XRP with DeFi opportunities through FXRP token format, expanding XRP's utility in decentralized finance and unlocking new financial applications for XRP holders.