Crypto.com Supports the Flare (FLR) Airdrop for XRP Holders from supported jurisdictions | Crypto.com (2024)

FAQs

Who is eligible for XRP flare airdrop? ›

Am I eligible for the FLR token distribution? You are eligible to receive FLR tokens if: You held XRP in your XRP wallet during the December 12, 2020 snapshot. You claimed your FLR by submitting an ETH address before June 11, 2021.

Crypto.com has implemented this type of airdrop with its 'All Star' NFT Airdrop, and users had to ensure their 'Loaded Lions' NFT were in their Crypto.com NFT account at a specific time and date to be eligible.

Crypto.com will be supporting the Flare Network's Songbird (SGB) airdrop. Users who have participated in the FLR distribution on the Crypto.com App and Exchange, will receive SGB tokens in a single drop.

If eligible, you should have received FLR tokens at a ratio of 1 XRP = 0.1511 FLR. Flare is the blockchain for data, an EVM smart contract platform that expands the utility of blockchain.

If you had a sufficient amount of XRP (the required amount varies from project to project) at the time of the snapshot, you should be eligible to receive their airdrop. However, some projects might require additional actions or verification from XRP holders.

Remember, that airdrops themselves are a real crypto opportunity, but airdrop scams are equally just as real. Fake airdrops and airdrop scams have some telltale signs, like those listed above, but we're seeing more and more clients falling victim to these scams online.

The SEC's position is clear: It claims that all digital assets qualify as securities, invariably implying that airdrops, the practice of distributing free tokens, fall under securities law.

Follow crypto projects on social media platforms like Twitter, Telegram, and Discord. These projects often announce airdrops to reward their community members. Next, join crypto forums and communities where airdrop announcements are frequently made.

After a nearly two-year wait, Flare's FLR tokens were finally distributed to XRP holders starting Monday night in an event that generated an massive amount of chatter among community members. The tokens were dumped almost immediately by recipients.

Which wallets support Flare airdrop? ›

Ethereum wallets that will support the Flare Network includes MetaMask, Keystone, D'CENT Biometric Wallet, Ledger Nano X and Ledger Nano S.

If your Flare tokens are on an exchange or in a wallet that does not support WFLR, transfer them to Bifrost Wallet. To be eligible for the airdrops, you need to hold WFLR in your address for some time before each airdrop.

The Flare price is $0.02237232, a change of -6.29% over the past 24 hours as of 5:00 p.m. The recent price action in Flare Read more... Buy crypto on a secure, trusted platform.

In 2019, the Flare team received a large investment from Xpring, the investment arm of Ripple Labs. In 2021, Flare raised $11.3 million through various investors such as the Digital Currency Group and individual investors such as Do Kwan and Charlie Lee.

To qualify for the tokens or coins, a recipient may need to hold a minimum quantity of the crypto coins in their wallet. Alternatively, they may need to perform a certain task, such as discussing the currency on a forum, connecting with a particular member of the blockchain project, or writing a blog post.

Every 30 days, Kraken will distribute the FLR airdrop to clients who have staked during the 30 days. The airdrop will be distributed proportionally to the amount and the length of time you were staking FLR.