XRP holders who received Spark tokens during the Flare Network launch will soon be able to claim a second air drop.
Airdrop for spark holder
Smart contracts provider Flare Network announced it would be sending its native Spark tokens to all XRP holders last December. Now there may be another opportunity for those who also attended the Spark Airdrop.
Flare finance, a DeFi project built on the Flare Network, announced the distribution of its DAOFlare tokens (DFLR).
One month after the Flare network went live (end of the second quarter of 2021), the Flare Finance team is taking a snapshot of the Spark wallets.
DAOFlare (DFLR) is distributed in a 1: 1 ratio to Spark tokens that are kept on supported exchanges and private wallets.
Yes, 2 drops of air.
The first is the $ XRP air drop which gives you $ FLR.
Flare Finance drops $ dFLR to $ FLR holders
– Flare Community (@CommunityFlare) January 20, 2021
A key point here is that DAOFlare (DFLR) tokens remain worthless until they are exchanged for another token called YieldFlare (YFLR) – Flare Finance’s native token.
The reason for the swap is to ensure that the tokens are only given to active participants.
The final details of the DAOFlare (DFLR) air drop and subsequent move to YieldFlare (YFLR) will be announced later by Flare Finance.