XRP Airdrop Incoming: Flare Outlines Schedule for Long-Awaited Spark (FLR) Token Giveaway

Flare is hinting that its long-awaited Spark (FLR) token airdrop to XRP holders is just around the corner with a new announcement to validators.

The company notes in a new schedule that validators can now onboard to the Flare network.

Flare also says it is currently working to onboard crypto exchanges to ensure the airdrop is “as seamless as possible.”

Provided enough validators take up their roles, Flare plans to distribute the FLR tokens between October 24th and November 6th. The company says the exact date depends on feedback from exchanges.

Flare Network, with its native FLR token, aims to essentially bring smart contract capabilities to various blockchain networks, starting with XRP and then Litecoin (LTC).

The company previously said that each eligible holder will immediately receive 15% of their claimable Spark tokens, and then claim an average of 3% per month, carrying on for a minimum of 25 months and a maximum of 34 months.

FLR will be distributed to XRP holders based on a snapshot of the network taken in late 2020.

Flare plans to launch in beta for the first 6-9 months, but the company says that will not impact the token airdrop.

The airdrop has endured significant delays: Flare initially planned to distribute 45,827,728,412 of its native token Spark in the first half of 2021.

XRP is trading at $0.478 at time of writing. The 6th-ranked crypto asset by market cap is down more than 1% in the past 24 hours.

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Featured Image: Shutterstock/Milos Stojiljkovic