Last year, Flare Networks announced Spark Airdrop for the holders of XRP, the native crypto token of blockchain payments giant Ripple. A few months following the announcement, a snapshot of all XRP Ledger wallet addresses was taken by Flare Networks’ team on the 12th of December.
The holders of XRP were promised free Spark (FLR) tokens as a result of this token airdrop. Flare Networks has reserved an amount of around 45.8 billion tokens which is set to be distributed among the eligible holders of XRP. The snapshot of wallet addresses has already been taken. Now investors are ready to receive free FLR tokens. XRP holders will get free FLR tokens at a rate of 1.0073 FLR per XRP token.
Flare Networks’ Spark Token Airdrop also got support from a lot of digital currency exchanges which made it possible for their XRP holders to participate in this airdrop. There were more than forty cryptocurrency exchanges that launched support for Spark Airdrop in a bid to facilitate their XRP traders.
Now, the traders of XRP are expecting a second token airdrop which is coming from the institutional-grade decentralized finance (DeFi) protocol Flare Finance built on the platform of Flare Networks. A tweet made last month Flare Finance was spotted today. As per this tweet, the team behind Flare Finance announced that they would launch a second token airdrop for the holders of XRP while offering them an opportunity to earn more free tokens.
This token airdrop of Flare Finance will take place following the launch of Ripple-backed Flare Networks which is expected prior to the end of the year 2021. Flare Finance’s airdrop will also come with a snapshot which will be taken of FLR token holders’ balances. Users will then be provided with free DAOFlare (DFLR) tokens right after the duration of seven to ten days following the day of the snapshot. Users will have then both DFLR as well as FLR tokens in their accounts.
Flare Finance has said that users will be needed to make swaps of their FLR tokens with YieldFlare tokens in a bid to show interaction to Flare Finance’s ecosystem.