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Smart contract platform Flare Networks will airdrop more than 45.8 billion FLR tokens to users who previously held XRP

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The airdrop ratio is about 1:1.

Rhythm BlockBeats news, on December 21, the smart contract platform Flare Networks has determined the final number of Spark (FLR) tokens to be airdropped. The platform announced last month that it would distribute FLR tokens to XRP holders who had funds in cryptocurrency exchanges or wallets that participated in the airdrop earlier in the month.

According to Flare’s announcement in a Friday blog When the blockchain is snapshotted, Flare will issue 45,827,728,412 FLR tokens to those who hold XRP in eligible wallets or exchanges.

Hugo Philion, CEO and co-founder of Flare Networks, said the ratio between XRP and FLR holders Close to 1:1. For every XRP held by an eligible participant, Flare shall provide 1.0073 Spark tokens.

Because the major trading platforms have not yet launched the token, we have not yet been able to obtain the final price of the FLR token price. It is understood that the airdrop of more than 45 billion tokens accounts for 45% of the total FLR that the company will create when it launches the blockchain next year.

Flare Networks is a blockchain company that is creating a system to help blockchains interact with XRP, XRP is the third-largest cryptocurrency launched in 2018 by San Francisco-based crypto firm Ripple.