CoinSpot users holding Ripple (XRP) at the following time of the snapshot 11am on the 12th December 2020 will be eligible for the Flare Token (FLR) distribution.
Approximately 15% will be distributed to holders on 10th January 2023.
Important Update
Following the approval of Flare Improvement Proposal 01 (FIP.01), the remaining 85% of the distribution will instead be shared by all holders of Wrapped FLR (WFLR) and no longer for Ripple (XRP) holders at the time of the snapshot.
Please note, CoinSpot has no control over these changes as the distribution will no longer be allocated to eligible Ripple (XRP) holders. Unfortunately, due to these changes no longer meeting CoinSpot's internal security requirements, we are unable to support this Airdrop.
If you are looking to participate in the future distribution for Flare Token (FLR), please send your coins to your own private wallet.
For further information on the approved community proposal FIP.01, please visit the link below
CoinSpot will suspend Ripple (XRP) deposits and withdrawals at 11am on the 12th January 2020 to allow for the snapshot. Please ensure that you leave sufficient time for your Ripple (XRP) transfers to be processed. Trading will be unaffected.
We will calculate the amount of Flare Token (FLR) to distribute to holders of Ripple (XRP), based on the amount of Ripple (XRP) held by each user at the time of the snapshot and the total Flare Token (FLR) CoinSpot receives. For example, if we have 100 members holding 1 Ripple (XRP) each at the time of the snapshot and we receive 100 Flare Token (FLR), then each customer will receive 1 Flare (FLR).
Flare Network have confirmed that the total public token distribution is 28.5B FLR. 15% will be distributed, with the remaining 85% being distributed to holders of Wrapped Flare (WFLR).
Further information regarding the airdrop from Flare Network below
Need more help?
Please submit your request via Zendesk - https://coinspot.zendesk.com/hc/en-us/requests/new
or start a conversation with us via Live Chat and our team will provide full instructions and advice.
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