The holders of XRP have received some positive news after waiting for over two long years. The Flare network revealed the timeline for the token distribution event for its Spark (FLR). To receive the airdrop, the owner of the XRP coin, however, has received backing from various crypto exchanges.
Holders of XRP Will Receive 15% of All Eligible Funds
It was stated by Crypto.com that it would facilitate the Flare (FLR) airdrop for XRP holders in participating jurisdictions. On December 12, 2020, a snapshot of the XRP balance would be used as the foundation for the airdrop, according to the statement.
It is anticipated that the airdrop will occur between October 24, 2022 and November 6, 2022. Huobi had also previously declared its support for the Flare airdrop for XRP holders. According to sources, Justin Sun is thought to be Huobi Global's covert owner.
According to Crypto.com's press release, there will be no minimum XRP holding requirement for users to obtain Flare (FLR) tokens. The FLR tokens will be distributed in a 1:1 ratio to each XRP holder. Users will only receive 15% of the total FLR tokens they are eligible for during this airdrop though.
The user from a supported jurisdiction who has an XRP balance on Crypto.com will be eligible for the airdrop, it was said. The snapshot does not include any loaned XRP or advantages from loaned sums used in margin trading.
Will This Be Another Surge in XRP's Price?
Prior to this, the Nexo cryptocurrency exchange agreed to sponsoring the Spark Flare airdrop for token holders.
For the owners of XRP, it is some positive news in the midst of the unstable and dumping market. However, Ripple's coin has performed well over the last 30 days. In the same time frame, the price of Ripple's native coin increased by more than 18%. At the time of publication, the token is trading for an average price of $0.462.
