TL;DR
- Binance US confirmed the distribution of FLR to eligible XRP holders, with a ratio of 1 XRP = 0.1511 FLR for these holding at the least 10 XRP.
- Regardless of the continued lawsuit with the SEC, which began three years in the past over XRP’s standing, Ripple has just lately secured three important partial victories. The ultimate verdict is anticipated in spring 2024.
- The Japanese cryptocurrency alternate plans to airdrop Flare and Songbird tokens (SGB) to its XRP holders.
The American subsidiary of the world’s largest cryptocurrency alternate – Binance US – assured that the FlareNetworks airdrop that’s supposed to achieve eligible XRP holders is “lastly right here.”
{The marketplace} mentioned it has efficiently distributed FLR earlier this week to traders with a steadiness of at the least 10 XRP. “If eligible, it is best to have acquired FLR tokens at a ratio of 1 XRP = 0.1511 FLR,” it clarified.
The providing was launched originally of December, on the identical time when the US Securities and Trade Fee (SEC) launched a authorized battle in opposition to Ripple, alleging its sale of XRP was an unregistered securities providing.
The lawsuit has been ongoing for greater than three years as newest developments point out that the blockchain enterprise has the higher hand. Recall that Ripple has won three main, however but partial victories, since mid-July and the end result of the case stays to be resolved in a grand trial scheduled for the spring of 2024.
One other cryptocurrency alternate that promised a particular FLR airdrop to XRP holders is the Japanese GMO Coin. Other than sending Flare tokens to a few of its shoppers, the corporate displayed intentions to distribute the yen equal of 0.1511 Songbird tokens (SGB) for each 1 XRP held as of December 12, 2020.