Those holding $XRP back on December 12, 2020, have finally started receiving their Flare ($FLR) token airdrop, with 15% of the cryptocurrency’s total supply now being sent to holders at the time of the snapshot, and the rest set to be distributed over the next three years.
As CryptoGlobe reported, over 52 cryptocurrency exchanges supported the FLR token airdrop to XRP holders, distributing tokens at a 1:1 ratio, meaning that for every 1 XRP held at the time of the snapshot, investors received 1 FLR token. A total of 4.28 billion FLR were distributed to XRP holders.
Going forward, FLR token holders will be able to vote on the way the future airdrop is distributed via Flare’s governance system, while also being able to propose and vote on other changes to the project.
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