• News
  • Altcoins
  • Blockchain
  • Bitcoin
  • Ethereum
  • Markets
What's Hot

Bitcoin’s Next Step: Integration with New Social Systems Technology to Achieve Monetary Status

January 13, 2023

Sensory Immersion Takes Over: Touch and Smell Set to Revolutionize the Metaverse at CES 2023

January 13, 2023

Kraken Announces FLR Token Distribution via Email: Details Inside

January 13, 2023
Facebook Twitter Instagram
Bit News Today
  • News
  • Altcoins
  • Blockchain
  • Bitcoin
  • Ethereum
  • Markets
Bit News Today
Home»Altcoins»Kraken Announces FLR Token Distribution via Email: Details Inside
Altcoins

Kraken Announces FLR Token Distribution via Email: Details Inside

Saheel KhirodkarBy Saheel KhirodkarJanuary 13, 2023Updated:January 13, 2023No Comments2 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email
What Is Spark (FLR) and the Flare Network? | Binance Academy

Kraken, one of the leading cryptocurrency exchange platforms, has announced the distribution of Flare (FLR) tokens to eligible clients. As per the announcement made on December 11, 2020, clients who had XRP balances in their Kraken accounts at the time of the snapshot, which took place on December 12, 2020, are expected to receive approximately 15% of the total FLR tokens on January 10, 2023.

According to the information provided by Kraken, the clients will receive 0.151095 FLR for every 1.0000 XRP they had at the time of the snapshot. This means that clients who had higher XRP balances in their accounts at the time of the snapshot will receive more FLR tokens.

It is worth noting that the distribution method of the remaining FLR tokens is yet to be determined and will depend on the outcome of the community vote on Flare Improvement Proposal 01 (FIP.01). The voting on this proposal is expected to start in February.

For clients who held existing XRP positions through the snapshot, Kraken will credit or debit their accounts with a balance of FLR tokens corresponding to these positions.

In conclusion, the distribution of FLR tokens is a significant event for eligible clients as it provides them with an opportunity to gain additional assets. Clients are advised to keep an eye on the voting process for FIP.01 and stay informed about the distribution of the remaining FLR tokens.

assets community vote cryptocurrency exchange platforms Flare (FLR) Token Distribution Flare Improvement Proposal 01 (FIP.01) Kraken snapshot XRP
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Saheel Khirodkar
  • Twitter
  • Pinterest
  • Instagram
  • LinkedIn

Saheel works as a content writer for Bitnewstoday. He has always been interested in journalism and enjoys writing. Furthermore, His interest lies in cryptocurrency, and is continuously seeking for new techniques to invest. In his free time, he enjoys staying up to date on the latest industry news and spending time with his family.

Related Posts

Bitcoin’s Next Step: Integration with New Social Systems Technology to Achieve Monetary Status

January 13, 2023

Sensory Immersion Takes Over: Touch and Smell Set to Revolutionize the Metaverse at CES 2023

January 13, 2023

Hive’s Power Play Pays Off: Earns Equivalent of 184 BTC by Curbing Energy Use in December

January 13, 2023

New Year, New NFT Sales: 2023 Kicks Off With a Bang, Up 26% in First Week

January 13, 2023
Add A Comment

Leave A Reply Cancel Reply

Top Posts
Advertisement
Top Posts

Subscribe to Updates

Get the latest sports news from SportsSite about soccer, football and tennis.

Advertisement
Demo

Your source for the serious news. This demo is crafted specifically to exhibit the use of the theme as a news site. Visit our main page for more demos.

We're social. Connect with us:

Facebook Twitter Instagram Pinterest
Top Insights

Bitcoin’s Next Step: Integration with New Social Systems Technology to Achieve Monetary Status

January 13, 2023

Sensory Immersion Takes Over: Touch and Smell Set to Revolutionize the Metaverse at CES 2023

January 13, 2023

Kraken Announces FLR Token Distribution via Email: Details Inside

January 13, 2023
IMPORTANT LINKS
  • DMCA
  • Editorial Policy
  • Fact-Checking Policy
  • About Us
  • Bitnews Home
  • Contact Us
  • Disclaimer
  • Our Team
  • Privacy Policy
  • Terms & Conditions
  • Write For Us

Your source for the serious news. This demo is crafted specifically to exhibit the use of the theme as a news site. Visit our main page for more demos.

We're social. Connect with us:

Facebook Twitter Instagram Pinterest YouTube
Top Insights

Bitcoin’s Next Step: Integration with New Social Systems Technology to Achieve Monetary Status

January 13, 2023

Sensory Immersion Takes Over: Touch and Smell Set to Revolutionize the Metaverse at CES 2023

January 13, 2023

Kraken Announces FLR Token Distribution via Email: Details Inside

January 13, 2023
Get Informed

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

Welcome to BitNewsToday, where we bring you the latest updates and insights on the world of digital currencies. Whether you’re a seasoned crypto trader or just starting to learn about this exciting and rapidly-evolving industry, we’ve got you covered.

Top Insights

Bitcoin’s Next Step: Integration with New Social Systems Technology to Achieve Monetary Status

January 13, 2023

Sensory Immersion Takes Over: Touch and Smell Set to Revolutionize the Metaverse at CES 2023

January 13, 2023

Kraken Announces FLR Token Distribution via Email: Details Inside

January 13, 2023
Get Informed

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

Facebook Instagram Pinterest LinkedIn
  • Home
  • About Us
  • Disclaimer
  • DMCA
  • Editorial Policy
  • Fact-Checking Policy
  • Our Team
  • Privacy Policy
  • Terms & Conditions
  • Write For Us
© 2023 BitNewsToday

Type above and press Enter to search. Press Esc to cancel.