Kraken will endeavor to support the Flare (FLR) token airdrop as announced on December 11, 2020.
- The native token that will be distributed is called Flare, with the ticker FLR. The Flare team has decided to no longer use the name Spark for their token.
- Funding is now available on Kraken in preparation for the token distribution event which will be confirmed by the Flare team. Users will be able to trade FLR/USD, FLR/EUR and stake their FLR tokens on Kraken once the Token Distribution event is complete.
- The snapshot of XRP balances took place on December 12, 2020 at approximately 00:00 UTC (note: this was the first validated XRP ledger with a timestamp greater than or equal to 00:00 UTC on December 12, 2020).
- Kraken accounts that had an XRP balance at the time of the snapshot are expected to receive 15% of the total FLR for which they are eligible on January 10, 2023 following completion of the Token distribution event. At that time, eligible clients will receive 0.151095 FLR for every 1.0000 XRP they had on Kraken at the time of the snapshot.
- The method of distribution of the remainder of FLR tokens depends on the outcome of the community vote on Flare Improvement Proposal 01 (FIP.01). Voting on this proposal is expected to start in February.
Useful links
- Flare Improvement Proposal 01 (FIP.01)
- Flare Network update for exchange partners
- Kraken is Supporting the Spark (FLR) Airdrop – Here’s What You Need to Know
- Official Flare twitter account
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Article last updated 10 January 2023 02:00 UTC