When Spark (FLR) Token Airdrop? Flare CEO Drops Important Updates For Waiting XRP Holders

By Ashish Kumar
February 7, 2022 Updated April 7, 2022
Best In




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.

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.

Ripple XRP
XRP’s 24-hr trading volume jumps by 100%

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]
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.

Next Story