The Spark (FLR) token airdrop to Ripple (XRP) holders has been delayed, and the co-founder and CEO of Flare, Hugo Philion, has explained the cause of the delay. Philion states that the project will upgrade its canary network, Songbird, before conducting the airdrop.
Upgrade before airdrop
Philion noted that the upgrade would happen before the end of March 2022. He noted it would be a major phase for the launch of the Flare network.
“With the final 2 protocols [of Songbird] required before Flare launch, [it] will allow us to proceed to Flare launch. A full roadmap to Flare launch will be released in the coming weeks,” Philion explained.
The XRP community has been eagerly waiting for the FLR token airdrop since December 2020, when the airdrop exercise was announced. The distribution of these tokens has been postponed severally.
A snapshot of the XRP holders that qualify for the airdrop was taken on December 12, 2020. The eligible traders will partake in a 100,000,000,000 FLR token airdrop. Once Flare is launched, the eligible traders will receive 15% of their claimable FLR tokens on their exchange accounts. The traders will later claim around 3% of their remaining FLR tokens monthly, with the entire process expected to last for 25 to 34 months.
Some XRP holders have expressed their displeasure with this token distribution process. However, the Flare team notes that the process ensures the value of FLR is not affected following the airdrop.
Airdrop plans are already in full gear
Philion also added that Flare contacted some of the top cryptocurrency platforms to support the FLR token airdrop. One of these platforms is Coinbase. The exchange has already announced plans to support the distribution process of the network.
“With regards to exchange distribution of FLR tokens, we have reached out to the largest exchanges to get full definition on what they require to distribute the token so that Flare meets those requirements,” Philion said.
The Flare network is designed to provide blockchains such as Ripple and Litecoin. The network is also planning to integrate Cardano.
Your capital is at risk.
Read more:
Source: https://insidebitcoins.com/news/ripple-xrp-holders-to-get-spark-flr-airdrop-on-march-2022