XRP Holders To Get Flare Token Airdrop

After nearly two long years of waiting, a piece of good news has landed for the XRP holders. The Flare network announced the token distribution event scheduled for airdropping its Spark (FLR). However, some crypto exchanges have lent their support to the XRP token holder in order to receive the airdrop.

XRP holders are to receive 15% of total eligibility

Crypto.com announced that it will be supporting the Flare (FLR) airdrop for the XRP holders from support jurisdictions. It mentioned that the airdrop will be done on the basis of the snapshot of the XRP balance on December 12, 2020.

The much awaited airdrop is expected to take place between October 24, 2022, to November 6, 2022. Earlier, Huobi also announced that it will support the Flare airdrop for XRP holders. Coingpae reported that Justin Sun is allegedly the shadow owner of Huobi Global.

As per the release, Crypto.com mentioned that there will be no minimum XRP holding requirement to receive the Flare tokens for the user. Every XRP holder will be able to receive the Flare tokens in a ratio of 1:1. However, in this airdrop, users will be receiving 15% of the total FLR tokens they are eligible for.

It added that the Crypto.com user from supported jurisdictions with an XRP balance will be eligible for the airdrop. All loaned XRP and benefits from loaned amounts in Margin trading are excluded from the snapshot.

Will Ripple’s token price jump?

Earlier, Nexo crypto exchange announced that it will be committed to supporting the Spark Flare airdrop for the token holders.

It is a piece of good news for the XPR holders amid the volatile and dumping market. However, the past 30 days have proved to be good for Ripple’s token. Ripple’s native token price has jumped by more than 18% in the same period. The token is trading at an average price of $0.462, at the press time.

Ashish believes in Decentralisation and has a keen interest in evolving Blockchain technology, Cryptocurrency ecosystem, and NFTs. He aims to create awareness around the growing Crypto industry through his writings and analysis. When he is not writing, he is playing video games, watching some thriller movie, or is out for some outdoor sports. Reach me at [email protected]

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