In order to claim your FLR, you needed to provide your ETH address (since FLR is an EVM-like system, so your ETH address would match your address on the FLR network). If the snapshot confirms that you had XRP on your address and you provided the proper ETH address, you are eligible. The total supply of FLR tokens is 100 billion, and Flare Networks’ collective userbase will be able to claim 45 billion FLR through the airdrop. For the D’CENT Wallet, see the official D’CENT Wallet instructions.
The Flare Network uses the same address format as the Ethereum Network. You use an address from an Ethereum wallet to produce a message key and claim Flare tokens. The same wallet will later be used on the Flare Network to access your Flare tokens, make sure you have a backup of the secret key or recovery words.
Am I going to get Spark tokens?
Flare is designed to bring utility to Flare, through collateralization of assets, data provision, governance and spam prevention via transaction fees. From there, you can see how many $FLR tokens you have to claim and you can claim them. Crypto.com reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reasons without notice. In November, the number of new XRP addresses spiked due to hype around the project, as new account activations rose from 1,250 to 7,500. Flare Networks, a startup backed by Ripple, will begin to distribute its Spark (FLR) token via an airdrop that begins this week. Tomiwabold is a cryptocurrency analyst and an experienced technical analyst.
With FLR, it was a snapshot of the XRP Ledger, taken on December 12th, 2020. If you did not have any XRP on your address at the time, you won’t be getting any FLR, unfortunately. Its features allow for the creation of two-way bridges with such networks as Ethereum and XRP. What it does is that it allows XRP tokens to be used with smart contracts. Flare has announced that a new Flare token drop (FlareDrop.03) is now available to claim for all Wrapped FLR (WFLR) holders. If you don’t have any of the listed wallets, either download MetaMask, get a Keystone, D’CENT Biometric Wallet, Ledger Nano X or Ledger Nano S.
The list includes top exchanges like Coinbase, Kraken, Binance, Bitstamp and others. Ripple Labs, one of the largest holders of XRP, could hypothetically gain a large share of the airdropped FLR tokens. However, Flare Networks has excluded Ripple Labs and certain employees from the airdrop, which will prevent FLR ownership from becoming centralized. There are many ways to participate in the airdrop, but eligible users must hold XRP in order to receive FLR tokens. It should be recalled that the Flare (FLR) token airdrop began on Jan. 9 for XRP holders who participated in the December 12, 2020, snapshot. The first stage of the distribution saw 4.279 billion Flare (FLR) tokens distributed to millions of recipients, including users on Binance, OKX, Kraken, Bithumb, UpBit, Kucoin, BitBank and others.
The unpredictable nature of the cryptoasset markets can lead to loss of funds. Tax may be payable on any return and/or on any increase in the value of your cryptoassets and you should seek independent advice on your taxation position. Non-centralized exchange users may miss out on future airdrops so Kraken has chosen to facilitate an automatic airdrop distribution so you don’t have to claim it manually on-chain.
The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information. Flare Protocol is sharing its remaining token distribution with holders of wrapped FLR. This will be split into 36 installments over time, and each installment will be proportionally allocated to each applicable wallet.
There will be 35 distributions of 676,040,637 FLR and one final distribution of 584,760,871 FLR in month 36. This kicked off on March 17, 2023, and tokens will be claimable every 30 days thereafter. You can use Bifrost Wallet developed by Towo Labs to send, receive and delegate Flare tokens.
Claiming the FlareDrop is available every 30 days and is based on the average balance from the last 23 days of each 30-day month. Therefore, it is advised that each address claim its funds during the first 7 days of each 30-day round. Please note that the availability of the products and services on the Crypto.com App is subject to jurisdictional limitations. Crypto.com may not offer certain products, features and/or services on the Crypto.com App in certain jurisdictions due to potential or actual regulatory restrictions.
Flare network: Common questions
Most other wallets work like MetaMask and Ledger, you’ll need to find and copy the Ethereum address that you’d like to use on the Flare Network. Your claimed Flare tokens will be distributed to this address on the Flare Network after launch. From now on, we’ll refer to your copied address as your Flare address. Now that Atomic Wallet supports the FLR network, you don’t need to do anything! You’ll see your tokens in the wallet as soon as you’ve received some. Once you have an Ethereum wallet to which you hold the secret key or recovery words, it’s time to copy your address.
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How do I get my FLR tokens?
Go to Properties in the Account menu and paste your copied address in the message key field. XRP Toolkit will offer to convert your Flare address to the required format for storing it as a message key on the XRP Ledger. Click on the suggested format, then click the Update button to proceed. The first round of distribution on Flare Networks launch will transfer 15% of the total claim amount to users. Users will receive the remainder over the next 25 to 34 months. Recently, a new auto-claiming feature launched on Flare that enables the automatic claiming of Flare tokens without user input.
- If you plan to claim Spark in your own Ethereum wallet instead of through an exchange, follow these instructions.
- The FLR distribution is happening and we couldn’t be happier to announce that just in time for the FLR distribution we implemented support for the Flare Network in Atomic Wallet.
- In order to check who held XRP and in what amount at the time, the developers used a snapshot.
- In November 2020, Crypto.com announced that we will be supporting the Flare Network (FLR) token distribution.
Please note that pending transactions/open orders are excluded. All loaned XRP and benefits from loaned amounts in Margin trading, and XRP loaned amounts in Lending, are excluded from the snapshot. Some portion of the supply will be airdropped to XRP holders if they held XRP in a wallet or a centralized platform that supported the airdrop. Its main function is similar to that of native tokens on other chains – to protect the network from spam. Crypto.com App users from supported jurisdictions, with XRP balances in their Crypto Wallet, Earn, Spending Power, and Credit are eligible for the FLR airdrop based on the aforementioned formula and snapshot time. After clicking the Update button, you’ll be asked to review the transaction.
Claiming the FlareDrop#
If you’re using the MetaMask browser extension, open the extension and click on your address, see the screenshot below. It is no longer possible to claim Flare by setting a message key on the XRP Ledger. Distributions are now made to Wrapped Flare (WFLR) token holders on the Flare Network. The snapshot occurred on XRP Ledger index 60,155,580 and the Flare (FLR) claim period ended on XRP Ledger index 64,204,315.
Eligible users’ last valid message key was used for the initial Flare (FLR) distribution. Since it’s been a long time since you actually had to claim your Spark, you might not remember if you claimed them or not. Luckily, the blockchain does not forget such things (or anything for that matter). You can easily check if you have any Spark tokens coming your way. The FLR distribution is happening and we couldn’t be happier to announce that just in time for the FLR distribution we implemented support for the Flare Network in Atomic Wallet.
How does the airdrop work?
Carefully review all transaction details in your connected wallet and only confirm if the message key corresponds to your intended address. Once the transaction has been signed and submitted, you’re all set for the Flare distribution. You can see your Flare address and claimed Flare amount on the XRP Toolkit account overview. You can double-check your Flare address by entering your XRP account address in a transaction explorer like XRP Scan or Bithomp.
Alternatively, you can assign an executor to claim the FlareDrop for you. This is useful for cold wallets but also for any users wishing to reduce their operational burden. The purpose of this website is solely to display information regarding the products and services available on the Crypto.com App. It is not intended to offer access to any of such products and services.
You can use an Ethereum wallet not listed above, just make sure that you have a backup of the secret key or recovery words. If your chosen wallet turns out to be incompatible with the Flare Network, you’ll be able to use your secret key or recovery words to migrate your claimed Flare tokens to a new wallet. Some crypto products and markets are unregulated, and you may not be protected by government compensation and/or regulatory protection schemes.
You may obtain access to such products and services on the Crypto.com App. Snapshot, in a broader sense, means a record of a computer system’s state at a certain point in time. When it comes to crypto, a snapshot is basically a record of the state of a blockchain on a particular block height.
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On January 10, 2023, Kraken accounts that had an XRP balance at the time of the snapshot, taken on December 11, 2020, received FLR tokens for which they are eligible. FLR will be airdropped to everyone who held XRP on their address as of December 12th, 2020. In order to check who held XRP and in what amount at the time, the developers used a snapshot. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities. The easiest way to claim FLR tokens is to hold XRP on an exchange that supports the airdrop.
If you plan to claim Spark in your own Ethereum wallet instead of through an exchange, follow these instructions. Immediately after the airdrop announcement, there was uncertainty around whether some of those exchanges were fully prepared to support the airdrop. However, over the last few days, leading exchanges like Coinbase and Kraken have confirmed that they will indeed participate in the airdrop. After this, Flare launched a series of 36 monthly FlareDrops totaling 24.2 billion FLR that can be claimed by recipients who have wrapped their Flare tokens. Once you’ve copied your Flare address, open XRP Toolkit and connect your XRP wallet.
Keep reading to find out whether you qualify for the Flare airdrop and what exactly you need to do to get your tokens. Flare Networks is attempting to introduce Ethereum-like functionality to XRP Ledger. Flare is compatible with Ethereum smart contracts and applications. 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.
In November 2020, Crypto.com announced that we will be supporting the Flare Network (FLR) token distribution. Since then, the Flare Network team has released the token’s distribution event schedule and on 21 October 2022, the Flare team has further updated that the airdrop will now take place at a future date. We do not give personalized investment advice or other financial advice.
Six months ago, the XLS-20 proposal went live on the mainnet, bringing native NFT functionality to XRP Ledger. If you’re using a Ledger Nano X or Ledger Nano S, plug in your device, unlock it, open Ledger Live and install any pending updates. Then click Receive, select your desired Ethereum account, click Continue and copy the displayed address. Flare Network with its native asset Flare (FLR) launched in 2022. Flare uses the Ethereum Virtual Machine for smart contract functionality and a similar consensus algorithm as Avalanche.
