In the latest discussions relating to Flare Network airdrop, it seems like the leading crypto exchange has come to its support. The U.S arm of Asia’s largest crypto exchange Binance US has come in support of Binance US XRP users in anticipation of the Flare token distribution in 2021. Flare Network is a blockchain-based on Flare Consensus Protocol supporting XRP.
In an official blogpost, Binance US mentioned intricate details regarding the Spark token distribution. It laid out participation processes along with the minimum balance requirements of the same. It further mentioned information on the Snapshot Period. The Snapshot period is the ability to record the state of the blockchain ledger at a specified time. Moreover, all the users with a balance exceeding 10 XRP are eligible to participate for FLR tokens.
Several Exchanges all set to airdrop Flare tokens to the XRP Army.
Binance US’ parent company confirmed about supporting the token distribution in late October. Recently, Kraken extended its support while confirming with the team. About 41 exchanges are actively involved in the token distribution to support their XRP users. Significant players like OKEx, Bitfinex, KuCoin, Huobi, Bithumb, Poloniex are looking forward to the token distribution phase.
However, crypto exchange giant Coinbase shows no signs of taking part in the worldwide event. Though it holds 3 billion XRP tokens in this treasury, it seems to fail in maintaining proper communications with the team.
The Flare Networks airdrop is one of the primary reasons behind the XRP price rally. However, Ripple has not let out any official statements in support of Flare Networks. Brad Garlinghouse, CEO of Ripple, expressed his excitement in a closed interview with CNN. Moreover, he elucidated that the community recognizes XRP as an efficient virtual asset. He also informed about the XRP community was “deservingly excited” about the Flare Spark airdrop. He advocated on how Flare views Ripple XRP as an opportunity to succeed. However, he assured that the Flare token distribution would no way affect the existing RippleNet customers.
Follow BitcoinWorld for more updates.
