Important information regarding the upcoming Flare Network Flare Token Airdrop
CoinSpot will be supporting the distribution of Flare Token (FLR) to users holding Ripple (XRP).
The snapshot is due to occur on the 12th December 2020 at approximately 11am AEDT, with the Airdrop date to be confirmed. The entire process will be handled by CoinSpot.
CoinSpot will suspend Ripple (XRP) deposits and withdrawals on 12/12/2020 at approximately 10:30am AEDT 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.
Flare Network have confirmed that a portion of the claimable Flare Token (FLR) will be received by holders at network launch. Whilst the remaining Flare Token (FLR) will be distributed over a minimum of 25 months and a maximum of 34 months. Specific distribution dates and ratios are yet to be provided by the Flare Network team.
There is always uncertainty around events like this, however CoinSpot will distribute all Flare Token (FLR) we receive amongst users holding Ripple (XRP). We will keep you updated with details of how the distribution of tokens will take place once the Flare Network goes live.
You can locate further information regarding the airdrop from Flare Network below
Need more help?
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