Just before #Ripple was sued by the US Securities and Exchange Commission ( #SEC) , a #Flare (FLR) airdrop was planned for #XRP investors . For this, a snapshot of all accounts was taken on December 12, 2020, during this snapshot, those who hold XRP on exchanges and supporting wallets and users who hold their wallet keys themselves, who make their accounts eligible for airdrop, will receive 1 XRP to 1 FLR to the FLR tokens to be distributed.
✍️FLR distribution is now a short time away. As the Flare Networks team noted in April , the rollout is scheduled for June 30 to July 30. If the process goes as planned, XRP holders will receive their FLR tokens before the end of July.
✅What will the distribution be like?
Investors will immediately receive 15 percent of their deserved FLR tokens relative to their XRP. Afterwards, an average of 3 percent per month will be distributed for a minimum of 25 and a maximum of 34 months.
The Flare Networks team states that this slow distribution practice is designed to avoid excessive selling pressure and other potential negative effects on the token.
All major cryptocurrency exchanges supported the #FLR airdrop. Among these were exchanges such as #BtcTurk and #Paribu from Turkey, #Binance, #Coinbase and other leading exchanges from abroad.