HomeCrypto NewsMarketAfter Coinbase, Uphold Confirms Support for Upcoming FLR Token Airdrop to XRP Holders 

After Coinbase, Uphold Confirms Support for Upcoming FLR Token Airdrop to XRP Holders 

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Uphold crypto exchange reiterates its willingness to support the upcoming FLR airdrop event.  

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Uphold is the latest crypto trading platform to announce its willingness to support the upcoming Flare Network (FLR) token airdrop. In a tweet today, Uphold said it will support the FLR token airdrop event scheduled to take place on January 9, 2023. 

According to the announcement, FLR tokens will be distributed to Uphold users who held XRP coins at the time of the snapshot on December 12, 2020, at 00:00 (UTC). 

“𝐍𝐎𝐓𝐈𝐂𝐄: Uphold will support the upcoming $FLR airdrop following the token distribution event on 1/9/23. All users who held $XRP on Uphold on 12/12/20 at approximately 0:00 UTC are eligible,” the announcement read

Meanwhile, Uphold’s announcement comes a week after the exchange announced a 4% cashback reward in XRP for all spending made through its crypto debit card. 

Uphold Joins Other Exchanges to Support FLR Airdrop

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Following the announcement, Uphold has joined a list of cryptocurrency exchanges that have declared support for the airdrop event. Last month, Flare Network released a list of cryptocurrency exchanges that have indicated support for the upcoming January 9, 2023, FLR airdrop. 

According to Flare Network, 25 cryptocurrency exchanges, including Binance, Crypto.com, Huobi, Bitstamp, Upbit, etc., have confirmed their support for the token distribution. 

However, crypto exchanges like Coinbase, Bittrex, BitFlyer, and Binance.US were added to the list of crypto trading platforms yet to confirm support for FLR token airdrop. 

It bears mentioning that after Flare’s CEO Hugo Philion called out Coinbase team for not responding to inquiries about the upcoming airdrop, the San Francisco-based exchange reiterated its commitment to supporting the upcoming event.  

FLR Token Airdrop

Notably, the FLR token airdrop event will hold on January 9, 2023. The tokens will be distributed to crypto users who held XRP at the time of the snapshot, December 12, 2020, at 00:00 (UTC).

The tokens will be airdropped to eligible users in the ratio of 1 XRP : 1 FLR. Beneficiaries will receive 15% of the total FLR tokens they are eligible to receive. This will amount to a total of 4,278,738,205 (4.27B) FLR, Flare Network noted in a recent blog post

The remaining tokens, totaling 24,246,183,166 (24.24B) FLR will be distributed monthly in uniform increments over 36 months, Flare added. 

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Lele Jima
Lele Jima
Lele Jima is a cryptocurrency enthusiast and journalist who is focused on educating people about how the nascent asset class is transforming the world. Aside from cryptocurrency-related activities, Jima is a lover of sports and music.

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