Crypto.com, the fastest-growing online trading platform, announced on Nov. 2020 that they would support the distribution of Flare (FLR) tokens. After that, the Flare Network community released the token distribution program schedule. As per the updates received from Flare Networks, it will be taking place from 24th October to 6th November 2022.
Crypto.com would allocate FLR tokens to the XRP holders from the Crypto.com Application, and the exchange will be based on the image of the holder’s XRP balances as on 12th December 2020. However, to receive FLR tokens, no minimum requirement of XRP holding is needed. The user holding XRP would be permitted to receive FLR tokens in the ratio of 1:1. However, for this airdrop, users would get a reward of 15% of the total FLR tokens.
Users of Crypto.com exchange from supported sovereignty holding XRP balances in their Margin, Spot, and Derivatives wallet would be clearing eligibility criteria. However, based on the formula mentioned earlier and snapshot time, this will be for the airdrop, excluding the pending transactions and open orders and all of the loaned XRP from loaned amounts.
However, it is essential to note that users of the Crypto.com App from supported sovereignty, holding XRP balances in their Crypto Wallet, are eligible for the FLR airdrop based on the formula mentioned earlier, picture time excluding the pending transactions/open orders.