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XRP Airdrop Incoming: Flare Outlines Schedule for Long-Awaited Spark (FLR) Token Giveaway

Flare is hinting that its long-awaited Spark (FLR) token airdrop to XRP holders is simply across the nook with a brand new announcement to validators.

The firm notes in a new schedule that validators can now onboard to the Flare community.

Flare additionally says it’s presently working to onboard crypto exchanges to make sure the airdrop is “as seamless as possible.”

Provided sufficient validators take up their roles, Flare plans to distribute the FLR tokens between October twenty fourth and November Sixth. The firm says the precise date depends upon suggestions from exchanges.

Flare Network, with its native FLR token, goals to basically deliver sensible contract capabilities to numerous blockchain networks, beginning with XRP after which Litecoin (LTC).

The firm beforehand mentioned that every eligible holder will instantly obtain 15% of their claimable Spark tokens, after which declare a median of three% per thirty days, carrying on for a minimal of 25 months and a most of 34 months.

FLR will probably be distributed to XRP holders based mostly on a snapshot of the community taken in late 2020.

Flare plans to launch in beta for the primary 6-9 months, however the firm says that won’t affect the token airdrop.

The airdrop has endured important delays: Flare initially deliberate to distribute 45,827,728,412 of its native token Spark within the first half of 2021.

XRP is buying and selling at $0.478 at time of writing. The Sixth-ranked crypto asset by market cap is down greater than 1% previously 24 hours.

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Disclaimer: Opinions expressed at The Daily Hodl aren’t funding recommendation. Investors ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital belongings. Please be suggested that your transfers and trades are at your individual threat, and any loses it’s possible you’ll incur are your duty. The Daily Hodl doesn’t advocate the shopping for or promoting of any cryptocurrencies or digital belongings, neither is The Daily Hodl an funding advisor. Please be aware that The Daily Hodl participates in affiliate internet marketing.

Featured Image: Shutterstock/Milos Stojiljkovic

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