BinanceUS, a big cryptocurrency marketplace, finished giving out Flare (FLR) tokens to eligible XRP holders. People are happy about it. On October 25, 2023, the exchange gave out the FLR tokens, as promised from a snapshot taken in December 2020. The important finish happened at 10 in the morning. EDT is finally here after a long wait in the crypto community.
People who had at least 10 XRP in their Binance. US accounts at the time of the snapshot are able to join this airdrop. Users were given 15% of their FLR tokens. The airdrop gave 0. 1511 FLR for every XRP, and it was carefully planned by the exchange.
BinanceUS allowed people to withdraw their FLR tokens right away to use them more quickly. However, the platform had a clear position on FLR deposits and trading. “We don’t support buying, selling, or trading FLR on our platform right now,” Binance. US said, making it clear that they want to be open about what they do support.
The Flare Network began distributing its initiative earlier this year. A huge amount of 4. 279 billion FLR tokens were given to the people who are big fans of XRP and took part in the 2020 snapshot. In addition, the network worked together with big exchanges like OKX, Kraken, and KuCoin to easily share the product.
BinanceUS has joined these ranks and finished its part in the FLR airdrop story. However, it’s important to know that the exchange being involved in the airdrop doesn’t guarantee that FLR will be listed on its platform.
So, now XRP holders have FLR tokens, but we’re not sure if FLR will be traded on Binance. US in the future. The exchange, which is known for being very careful with the things it allows people to trade, hasn’t made a decision on whether or not FLR will be allowed to be traded on its platform.
In short, giving FLR tokens to XRP holders is an important step for Flare Network. Although we are not sure about FLR’s trading future on Binance. US, the successful airdrop distribution is adding something new to the way cryptocurrency assets are spread.
Warning: This information is not advice for trading.
