Coinbase recently announced a Flare token airdrop for all eligible users in approved jurisdictions. All users with simple and advanced trades will be eligible for the airdrop, and the distribution will be completed in the next 72 hours, with FLR outbound transfers not available for the duration of the distribution. The coin was formerly known as Spark, initially introduced to users who held XRP in their accounts before December 12, 2020. To qualify for the airdrop, users must have had an XRP balance in Coinbase Exchange, Coinbase Pro, or Coinbase.com as of December 12, 2020. Also, users from Japan or New York are ineligible for this airdrop. Additionally, pending XRP transactions as of December 12 are not qualified to receive the token.

The amount of FLR to be airdropped to users will be based on the XRP balance held in their Coinbase accounts. Every 1 XRP held will receive 1.0073 FLR, calculated at a rate of 0.15 of the total token supply available. The good news is that Coinbase is not charging any fees for the airdrop, and those who receive their FLR airdrop be able to trade it at their discretion. Even if users’ accounts had been deactivated when the airdrop was due to come, they can get the airdrop by registering a new account or by reaching out to the Coinbase customer support team.

Overall, it appears that Coinbase is looking to honor its commitment to users who held Ripple in their accounts before December 12, 2020. As long as users meet the airdrop requirements laid out by Coinbase, they should appreciate the value of their Ripple holdings via the airdrop of Flare tokens.



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