Binance.US Distributes Flare Airdrop to Eligible XRP Holders

Binance.US has recently completed the distribution of the Flare (FLR) token airdrop to eligible XRP holders. The airdrop was distributed yesterday, October 25, 2023, at 10 a.m. (EDT).

“We’re thrilled to announce that Binance.US has completed the long-awaited Flare (FLR) airdrop. Eligible XRP holders can view their FLR balance by visiting their Wallet,” announced Binance.US.

XRP holders who were eligible for the airdrop can now check their FLR balance by accessing their Wallet on the Binance.US platform.

We’re thrilled to announce that the @FlareNetworks airdrop for $XRP holders is finally here! #BinanceUS has successfully airdropped FLR on 10/25 at 10 a.m. ET to $XRP holders with a balance of ≥10 XRP during the snapshot on 12/11/20.

Learn more: https://t.co/XMLpkD6NHD pic.twitter.com/YDA9vzG06W
— Binance.US 🇺🇸 (@BinanceUS) October 25, 2023

Details of the Binance.US Distribution

To qualify, users had to hold a minimum of 10 XRP in their Binance.US account during the December 12, 2020, snapshot. The exchange has set the distribution rate at 0.1511 FLR for every XRP held.

After a two-year anticipation, the distribution has brought some excitement within the community. Binance.US confirms that they distributed 15% of the claimable FLR tokens to each eligible user. Despite the airdrop, Binance.US doesn’t currently support FLR deposits and trading.

“Binance.US has yet to determine whether it will support the buying, selling, or trading of FLR on our platform. Supporting this airdrop does not guarantee the listing of FLR on Binance.US,” the exchange clarified.

Background on Flare Airdrop

Earlier this year, the FLR token airdrop distribution began. The first beneficiaries were primarily XRP holders captured in the December 12 snapshot. Renowned exchanges such as OKX, Kraken, Binance, UpBit, and KuCoin received the first distribution of 4.279 billion FLR tokens.

Directed by the Flare Network team, these exchanges then allocated the FLR airdrop to qualifying XRP holders. Binance.US now joins the ranks of exchanges completing this distribution.

FLR Price Surges 4.97% In 24 Hours; Trading Volume Rises by 37.16%

Currently, one FLR token trades at $0.0097, marking a 4.97% rise in the past day, as per CoinMarketCap. Also, the 24-hour trading volume for FLR has seen a 37.16% increase, standing at $7.70 million.

Despite the lack of support on Binance.US, various exchanges such as KuCoin, Gate.io, MEXC, Bybit, Coinbase, OKX, and Kraken offer FLR trading.

Disclaimer: The information in this article should not be considered financial advice, and FXCryptoNews articles are intended only to provide educational and general information. Please consult with a financial advisor before making any investment decisions.