Binance.US has announced that it has successfully distributed the Flare token (FLR) airdrop to eligible XRP holders.
Binance.US has announced its successful Flare Network (FLR) airdrop distribution to XRP holders. According to an announcement, Binance.US distributed the FLR airdrop yesterday, October 25, 2023, at 10 a.m. (EDT).
“We’re thrilled to announce that Binance.US has completed the long-awaited Flare (FLR) airdrop. Eligible XRP holders can view their FLR balance by visiting their Wallet,” the exchange said.
We’re thrilled to announce that the @FlareNetworks airdrop for $XRP holders is finally here! #BinanceUS has successfully airdropped FLR on 10/25 at 10 a.m. ET to $XRP holders with a balance of ≥10 XRP during the snapshot on 12/11/20.
Learn more: https://t.co/XMLpkD6NHD pic.twitter.com/YDA9vzG06W
— Binance.US ?? (@BinanceUS) October 25, 2023
Binance.US Distribution of FLR Airdrop
Notably, the exchange distributed the FLR airdrop to users who held a balance of at least 10 XRP in their Binance.US account at the time of the snapshot on December 12, 2020.
FLR tokens were distributed to XRP holders after a two-year wait, sparking community excitement.
As a result of Flare Network’s token distribution, each eligible user was allotted 15% of their claimable FLR tokens yesterday. Binance.US added that the FLR airdrop was distributed on a ratio of 0.1511 FLR per XRP.
Eligible users can now withdraw their FLR tokens from Binance US. However, the leading exchange said it does not support deposits and trading of FLR.
“Binance.US has yet to determine whether it will support the buying, selling, or trading of FLR on our platform. Supporting this airdrop does not guarantee the listing of FLR on Binance.US,” the exchange added.
Flare Airdrop
Recall that the distribution of FLR token airdrop commenced earlier this year. Recipients of the first batch of airdrop were mainly XRP holders who participated in the December 12 snapshot.
In the first stage of distribution, the Flare team distributed 4.279 billion FLR tokens to eligible recipients, including users on top exchanges like OKX, Kraken, Binance, UpBit, and KuCoin.
The Flare Network team directed these exchanges to distribute the FLR airdrop to eligible XRP holders. Interestingly, Binance.US has completed the distribution of the airdrop.
FLR Price Soars 3% In 24 Hours, But Trading Volume Plunges
In the meantime, a unit of FLR token was changing hands at $0.0096 at the time of writing this line. According to data from CoinMarketCap, FLR is up 3% over the past day.
However, interest in FLR has decreased over the past day, as seen in its 24-hour trading volume. At press time, FLR’s 24-hour trading volume was down 5.15% to $6.03 million.
Although Binance.US has not added support for FLR trading and deposit, the token can be traded across multiple exchanges, including KuCoin, Gate.io, MEXC, Bybit, Coinbase, OKX, and Kraken.
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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