Coinbase, a major crypto asset exchange, has now successfully airdropped 601 million FLR tokens to holders of XRP on the platform, in accordance with its previous announcement. The Flare tokens were distributed proportional to the XRP amount, with a ratio of 1.0073 Flare to 1 XRP X 0.15. Coinbase has advised users that the tokens will be listed as 'experimental' and they should proceed with caution while trading these assets due to potential volatility and low liquidity.

Flare is an Ethereum Virtual Machine-based platform that aims to provide developers with decentralized access to high-precision data from the internet and other blockchains, thereby increasing the utility of blockchain. This allows for the use of a single deployment for dapps to serve multiple chains and generate new revenue sources. Despite the Coinbase airdrop, the value of Flare tokens has not seen a significant surge and is currently standing at 0.035 USD.

In conclusion, the Coinbase airdrop of 601 million FLR tokens to XRP holders is now complete and authorised for outward transactions. While Coinbase has acknowledged the potential hazards from trading these experimental tokens, the airdrop is believed to expand the scope of blockchain and provide more avenues of utility to the technology.



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