Binance.US completes Flare (FLR) airdrop distributions for eligible XRP holders

We’re thrilled to announce that Binance.US has successfully completed the long-awaited Flare (FLR) airdrop. Eligible XRP holders can view their FLR balance by visiting their Wallet.

Due to the token distribution schedule determined by Flare Protocol’s Flare Improvement Proposal 01 (FIP.01), this airdrop installment, totalling 15% of your claimable FLR tokens, was distributed on October 25, 2023 at 7 a.m. PDT / 10 a.m. EDT.

Airdrop Summary

The snapshot for this highly anticipated airdrop was taken on December 11, 2020, at 4 p.m. PST / 7 p.m. EST, and consists of the total XRP balance held in your Binance.US account at that time. If eligible, you should have received FLR tokens at a ratio of 1 XRP = 0.1511 FLR.

What is Flare (FLR)

Flare is the blockchain for data, an EVM smart contract platform that expands the utility of blockchain. With decentralized oracles built into the structure of the network, Flare is the only smart contract platform optimized for decentralized data acquisition, including price & time series data, blockchain event & state data, and web2 API data.

By giving developers trustless access to the broadest range of data, at scale and for minimal cost, Flare acts as a utility layer for the blockchain industry and supports the development of new and improved use cases.

Eligibility

In order to be eligible for the airdrop, you must have 1) maintained a minimum balance of 10 XRP or more at the time of the snapshot (excluding XRP in pending Advanced Trading orders) and 2) passed Basic Verification, which you can complete at any time.
The snapshot for the airdrop was taken of your total XRP balance held on December 11, 2020, at 4 p.m. PST / 7 p.m. EST.

Distribution

The airdrop, in accordance with the Flare community’s proposal, consists of 15% of your total claimable FLR. If you met the eligibility requirements outlined above, you can view your FLR balance in your Binance.US wallet.

Withdrawals

Withdrawals for FLR are now available.
Deposits for FLR tokens are NOT supported. Please do NOT make FLR deposits to Binance.US.
Binance.US has yet to determine whether it will support the buying, selling or trading of FLR on our platform. Supporting this airdrop does not guarantee the listing of FLR on Binance.US. For more information on our listings process, please review our Digital Asset Listing article.

Additional Information

Visit our Cryptocurrency Tax Reporting 101 guide for general educational info on cryptocurrency taxes and taxable events.