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The Flare’s much-anticipated airdrop to XRP holders may have hit the ‘delay road’. However, Hugo Philion, the co-founder and CEO of Flare Networks shared some quick update for the waiting XRP holders.
Hugo Philion has stated that they are upgrading the Songbird network before the airdrop of Spark (FLR) tokens.
For all those asking where their $FLR is. We are upgrading Songbird, before the end of March 2022, with the final 2 protocols required before Flare launch. This will then allow us to proceed to Flare launch. A full roadmap to Flare launch will be release in the coming weeks.
— Hugo Philion (@HugoPhilion) February 2, 2022
With regards to exchange distribution of the $FLR token. We have reached out to the largest exchanges to get full definition on what they require in order to distribute the token, so that Flare meets those requirements, Philion said in a recent tweet
What is the Spark (FLR) airdrop?
Spark is the native token of the flare Network which is designed to bring utility to Flare, through collateralization of assets, data provision, governance and spam prevention via transaction fees.
Out of 100 billion Spark tokens, 45 billion will be up for grabs by XRP holders. However, the airdrop was announced in December 2020 but the distribution process has been postponed on several occasions.
As per Flare, the airdrop depends on the holder’s XRP balance on 12th December 2020, 00:00 UTC, and they were had to apply until 11th June 2021, 23:59 UTC to make their claim.
More news for XRP holders.
XRP Price Boosts Following Ripple Lawsuit Updates
XRP’s 24-hour trading volume has witnessed a skyrocketing surge of over 100% after some interesting updates regarding the SEC vs Ripple case made it to the internet.
District Judge Analisa Torres unsealed the three important documents regarding the lawsuit. The three documents were – the notice of Brad Garlinghouse’s deposition in the SEC formal investigation, a Chris Larsen email string, and a Brad Garlinghouse’s email string. As the lawsuit proceeds, it is expected that more revelations will eventually pump the coin ahead.
However, after this update, XRP has seen a surge of 13% in the last 24 hours and is trading at $0.757, at the press time. The coin has recorded a gain of 28% over the last 7 days.The coin’s 24-hour trading volume stands at $2,436,472,931 with the total market cap of $36,245,462,541.
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