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Gate.io Has Completed Distribution of Flare Network (FLR) to XRP Holders

2023-01-10 00:40:27 UTCRead：9872

[//]:content-type-MARKDOWN-DONOT-DELETE
Gate.io has distributed the Flare Network (FLR) token airdrop received on the TDE to eligible XRP holders based on a snapshot taken on December 12, 2020, 00:00 UTC. You can now go to your Account Statement to view FLR tokens you have received.

Airdrop ratio:
0.151095 FLR : 1XRP
for every qualifying 1 XRP held at snapshot time, 0.151095 FLR will be received
Snapshot:  00:00  UTC on 12th December 2020

Note: according to the Flare Network airdrop plan,  for every qualifying 1.0000 XRP in the snapshot, 1.0073 FLR will be distributed. 9 January 2023 distribution event  airdropped the first 15%, the remaining 85% of the tokens will be distributed over 36 months based  on the outcome of the community vote on Flare Improvement Proposal 01 (FIP.01):
If the community accepts the proposal, the remaining 36 monthly distributions will be carried out on-chain in a decentralized manner. Tokens will be shared among wallets that have wrapped FLR tokens (WFLR).
If the community rejects the proposal, the same self-custody wallets and the same centralized exchanges that received the first airdrop will receive one airdrop per month for 36 months.

Update:
Flare Improvement Proposal 01 (FIP.01) has passed.

Learn more: 
https://flare.network/tde-faqs/
https://flare.network/fip-01-faqs/
https://flare.network/fip01/

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Gate.io Team
January 10, 2023

Gate.io Has Completed Distribution of Flare Network (FLR) to XRP Holders

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