Ripple (XRPUSD): Second Airdrop Coming to XRP Holders

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Friday, 01/22/2021 11:23:23 PM

Friday, January 22, 2021 11:23:23 PM

Second Airdrop Coming to XRP Holders – Here’s the Latest on YieldFlare

A little-known second airdrop is on its way to holders of XRP who are already set to receive the highly anticipated Spark token airdrop from Flare Networks.

In December, the Ripple-backed crypto startup Flare executed a snapshot of participating XRP holders and distributed its Spark (FLR) token to them at a rate of 1.0073 Spark per XRP owned.

In total, Flare is set to distribute 45,827,728,412 Spark tokens to XRP holders in the first half of this year.

The token is part of a new smart contract ecosystem that’s designed to bring Ethereum-type functionality to the XRP Ledger.

Now, Flare Finance – which is built on the Flare blockchain and designed to power swaps, stable currency, yield farming, asset-backed loans, insurance, and yield mining – plans to offer those same participants another airdrop. The company says it will airdrop DAOFlare token (DFLR) to users who receive Spark. DFLR holders can then swap those tokens for YieldFlare, Flare Finance’s official token.