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18 January 2021

How to Claim Flare Network Tokens in the XRP Snapshot | Crypto Briefing

How to Claim Flare Network Tokens in the XRP Snapshot | Crypto Briefing


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Flare Network, a start up backed by Ripple, will begin to distribute its Spark (FLR) token via an airdrop that begins this week.

Spark tokens will be distributed when the Flare Network goes live between Q1 and Q2 2021.

The total supply of FLR tokens is 100 billion, and Flare’s collective userbase will be able to claim 45 billion FLR through the airdrop.

However, Flare Network has excluded Ripple’s claim on the new tokens and imposed a 1 billion XRP cap, which will prevent FLR ownership from becoming centralized.

Furthermore, Ethereum wallets like Metamask and Ledger have decided to support the airdrop, meaning that users will be able to use those wallets with Flare apps.

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