The long-awaited Flare (FLR) airdrop that XRP investors have been waiting for is finally starting. Here are the notes and date from the airdrop program…
Flare (FLR) airdrop is at the door
According to a new announcement from the Flare team, the protocol is finally approaching decentralized administration. The date of transition to Airdrop and Beta mode has been set as October 24. The group has released an official announcement stating that its protocol has shifted to decentralized administration. The network will run in beta mode for the next six to nine months.
Currently, the protocol’s process validation process is completely decentralized. More than 100 independent validators are responsible for the integrity of the network and its attack resistance.
Who can benefit from the airdrop?
Flare Network has a distributed oil integrated with EVM. It can be used to create bidirectional bridges in the middle of networks such as Ethereum and XRP Ledger. Nearly two years later, project Flare will finally airdrop its Flare (FLR) token (officially Spark) to XRP holders. According to estimates, 5-10 million people are currently waiting for the airdrop. The project recently released a new distribution schedule. He said it will take place from October 24 to mid-November 6, depending on talks with exchanges.
The FLR airdrop is distributed based on their wallet received on December 12, 2020. All major centralized cryptocurrency exchanges will support the airdrop event. Anyone holding XRP on participating exchanges will be eligible for the airdrop. Among the platforms that support Airdrop is Crypto.com. Amidst the excluded accounts are Ripple co-founder Jed McCaleb and accounts known to have received XRP as a result of fraud, theft and fraud.
The Flare project is bringing smart contract capabilities like that of Ethereum to other networks, starting with Ripple. It also plans to bring this feature to Litecoin. Flare essentially aims to bring DeFi capabilities to networks. Additionally, the Flare Token will provide functionality related to protocol administration, collateralization, and data provisioning via an on-chain oracle. One of the reasons why the project was delayed was the legal battle between Ripple and the SEC. The litigation process has been ongoing since 2020.