What Will Happen After Coinbase Airdrops 601 Million Flare (FLR) Tokens To XRP Holders?

Airdrop Flare News On Friday, the cryptocurrency exchange Coinbase announced that the much anticipated airdrop of Flare (FLR) coins had been completed. It claimed that eligible users (XRP holders) had received more than 601 million FLR tokens. The cost of Flare Tokens, however, has not been significantly impacted.

Flare Airdrop Completed by Coinbase

According to the release, Coinbase has made it possible for Flare tokens to be transferred outside of the system. The trading will start if the liquidity requirements are reached, it was previously said. FLR tokens, however, are currently classified as experimental.

It stated that some tradable crypto assets, either new or with limited trading volume orders, are listed under the experimental asset category.
 

Coinbase cautioned consumers to exercise caution while using these assets, as there may be a number of hazards. This includes order cancellations and pricing fluctuations connected to decreasing volume.

The Flare airdrop, according to Coinbase, is based on the XRP balance that was displayed on the exchange on December 12, 2020. However, there will be 1.0073 Flare distributed for every 1 XRP X 0.15.

After the Coinbase airdrop, Flare token prices weren't significantly impacted. The price of FLR decreased by almost 3% over the previous day. At the time of publication, Flare was trading at an average price of $0.000410.