To encapsulate, distributing FLR tokens to XRP holders marks a significant phase in Flare Network’s journey. The exchange, known for its stringent asset evaluation protocols, remains non-committal on FLR’s trading prospects on its platform. However, it’s crucial to understand that the exchange’s involvement in the airdrop doesn’t automatically cement FLR’s listing on its platform.Ĭonsequently, while the FLR tokens are now in the hands of XRP holders, the future of FLR trading on Binance.US hangs in the balance. Moreover, the network coordinated with heavyweight exchanges, including OKX, Kraken, and KuCoin, for a seamless distribution process.īinance.US has joined these ranks, successfully concluding its role in the FLR airdrop saga. A staggering 4.279 billion FLR tokens reached rightful recipients, a category populated by XRP enthusiasts involved in the 2020 snapshot. The Flare Network’s overarching distribution initiative started earlier in the year. “Our platform currently does not endorse the buying, selling, or trading of FLR,” Binance.US clarified, ensuring transparency regarding its support parameters. However, the platform maintained a clear stance on FLR deposits and trading. To expedite the token’s utility, Binance.US authorized immediate FLR withdrawals. The airdrop’s specific ratio stood at 0.1511 FLR for each XRP, a strategic calculation by the exchange. Spark, the native token of Flare, is distributed to XRP holders through an airdrop. Flare Network allows a way to use the XRP token with smart contracts. XRP has spiked in the past 24 hours to become the top-performing crypto majors, as bitcoin (BTC) and ether (ETH) held steady. A portion of the Spark supply is airdropped to XRP holders, including the ones on Binance.

Buy and sell on the Spot market with advanced tools. Find real-time live price with technical indicators to help you analyze XRP/EUR changes. The distribution process honored users’ entitlement to 15% of their assessable FLR tokens. Flare allows XRP to be used with smart contracts in a trustless way. Trade XRP to EUR and other cryptocurrencies in the world’s largest cryptocurrency exchange. EDT, marking the end of a prolonged anticipation within the crypto community.Įligible participants in this airdrop held at the snapshot’s capture at least 10 XRP in their Binance.US accounts. The momentous completion occurred at 10 a.m. On October 25, 2023, the exchange disseminated the FLR tokens, fulfilling commitments from a December 2020 snapshot. The cryptocurrency exchange has said that it will suspend the service of withdrawals and deposits for the fourth-ranked digital currency XRP on the 11th of December “ at 5 pm EST / 1 pm PST for the duration of the Snapshot Period into December 12th, 2020.” However, the exchange said that no effect will occur on the trading process of XRP during this time, a prominent cryptocurrency exchange, finalized its Flare (FLR) token airdrop distribution, exciting eligible XRP holders. The snapshot is scheduled to be taken on the 12th of December. Binance US is the latest major cryptocurrency exchange to participate in the Spark distribution. To claim any airdrop, XRP owners must hold their XRP directly on-chain rather than through. AEST, followed by an airdrop to eligible accounts on the Hooks sidechain based on their owners XRP holdings on the mainnet. Binance US is the latest to participate in Spark distributionįollowing the footsteps of the Binance crypto exchange, the United States-based cryptocurrency exchange has also now announced to take part in the token airdrop of XRP’s Flare Networks. The airdrop will take place in two steps: first, a snapshot of XRP holdings on the mainnet will be taken on Sept.

At launch, Binance. Eligibility criteria for the token distribution are unchanged and based on an XRP snapshot completed. If eligible, you should have received FLR tokens at a ratio of 1 XRP 0.1511 FLR. EST, and consists of the total XRP balance held in your Binance.US account at that time. The world’s largest cryptocurrency exchange in terms of trading volume Binance’s American arm Binance US has announced support for the Spark Token Airdrop of the smart contracts platform Flare Networks which is scheduled to occur this month. Binance.US will commence trading on Septemat 9:00am EST / 6:00am PST. This will be in the ratio of 0.1511 FLR for every 1.0000 XRP held on Binance at the time of. The snapshot for this highly anticipated airdrop was taken on December 11, 2020, at 4 p.m.

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