Coinbase has announced the distribution of Flare token airdrop to eligible users with simple and advanced trades in every approved jurisdiction. The FLR outbound transfers will be unavailable to users until the processing is completed, and the earned funds will be distributed to the Coinbase user account. The token was initially introduced to customers who held XRP in their accounts before December 12, 2020. To be eligible for the airdrop, users must have owned an XRP balance on Coinbase Exchange, Coinbase Pro, or Coinbase.com as of December 12, 2020, and users from Japan or New York are ineligible. The airdrop amount will be based on the XRP balance users had on Coinbase, with a distribution rate of 1.0073 FLR per 1 XRP x 0.15. Coinbase is not charging any fees for the airdrop, and users can trade their FLR after the distribution is completed. Even deactivated accounts can access the airdrop by creating a new account or contacting the Coinbase support team.

(By Trevor Holman)