Celsius will get approval to airdrop Flare tokens to eligible accounts

by Jeremy

The U.S. chapter court docket has licensed Celsius to distribute Flare token airdrops to eligible account holders.

Flare Community is a Layer-1 protocol that connects decentralized knowledge between chains. The protocol had dedicated to airdrop Flare native tokens (FLR) to wallets holding no less than 1 XRP token as of Dec. 12, 2020.

The primary batch of 4.28 billion FLR tokens was distributed to eligible account holders about two years later, on Jan. 9, 2023.

Nevertheless, XRP holders on the Celsius platform are but to obtain their allocations as a result of crypto lender’s ongoing chapter course of.

Following due consideration by chapter Decide Martin Glenn, Celsius has been licensed to credit score the Flare tokens to eligible account holders.

Celsius is anticipated to credit score the due quantity of Flare tokens to account holders who held XRP on the platform in the course of the December 2020 XRP snapshot.

As revealed within the court docket submitting on Jan. 24 Celsius will distribute about 150 million FLR tokens on to eligible collectors.

In line with CryptoSlate knowledge, the Flare token (FLR) is buying and selling at $0.043, recording a 0.61% decline within the final 24 hours.

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