A little-known second airdrop is on its way to XRP holders who will already receive the highly anticipated Spark token airdrop from Flare Networks.
In December, Ripple-backed crypto startup Flare took a snapshot of participating XRP holders and distributed their Spark (FLR) tokens to them at a rate of 1.0073 Spark per XRP owner.
In total, Flare will distribute 45,827,728,412 Spark tokens to XRP holders in the first half of this year.
The token is part of a new intelligent contract ecosystem with which functions of the Ethereum type are to be integrated into the XRP ledger.
Now, Flare Finance, which is based on the Flare blockchain and powers swaps, stable currencies, income farming, asset-backed lending, insurance and revenue reduction, is planning to offer another drop of air to the same participants. The company announces that it will send DAOFlare tokens (DFLR) to users who receive Spark. DFLR holders can then exchange these tokens for YieldFlare, Flare Finance’s official token.
Explains Flare Finance on Twitter,
“One month after the main Flare network starts, Flare Finance will track all balances of those who hold FLR. 7-10 days after our snapshot, you are the proud owner of FLR (Spark) and DFLR (DAOFlare).
But wait, you have to take it a step further to interact with the Flare Finance ecosystem. The final step is to exchange your DFLR for YFLR (YieldFlare), the official token of the Flare Finance Ecosystem. Once swapped, you can expect endless potential. “
Flare has announced that the network will launch in the second quarter of 2021.
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Featured image: Shutterstock / Liu Zishan