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.
What does flare coin do?
Flare is a distributed network that is utilized as a means of creating bridges between two networks. The native cryptocurrency used to power the network is known as FLR, and the cryptocurrency is used to interact with the smart contract on the network and for the payment of the transaction fees.
How much flare do you get for XRP?
The distribution ratio is 1.0073 FLR per 1 XRP x 0.15 (15% of the total supply released to the community).
Is flare built on XRP Ledger?
Flare is a blockchain platform that aims to bring smart contract functionality to networks that do not natively support them, such as the XRP Ledger. It uses the Flare Consensus Protocol (FCP) and the Avalanche cons ensus to achieve this.
Why is flare important to XRP?
Flare's original intent was to bring smart contract capability to networks that didn't have them, like Ripple's XRP Ledger. The whitepaper focused on Flare's ability to increase the functionality of the XRP Ledger, and how to bring more functionality and interoperability to the XRP token.
How much Flare will XRP holders get?
The FLR airdrop was distributed at a ratio of 1.0073 FLR per XRP, with 15% of the total supply released to the community then. After this, Flare launched a series of 36 monthly FlareDrops totaling 24.2 billion FLR that can be claimed by recipients who have wrapped their Flare tokens.