It’s been reported that Flare Networks is announcing that it will likely begin distributing its native $FLR tokens to $XRP holders late this June.
“The $FLR distribution will start when the Flare Network goes live. The team is working to make this happen SAFELY as soon as possible. It is dependent on finishing security testing. We expect this at the end of June +/- 2-4 weeks.”
Just to refresh your memory, back in 2020, the firm partnered with Ripple to airdrop $XRP holders a total of 45,827,728,412 $FLR tokens.
It’s also worth noting the fact that Flare will be airdropping its native token to $LTC holders sometime in the future.
Flare is a brand new blockchain network that intends to help assets such as $XRP, Litecoin ($LTC), and possibly BTC to enable smart contract functionality and access decentralized finance (DeFi).
Check out the original article posted by the Daily Hodl in order to learn more news about the issue.
Ripple in the news
The US SEC and Ripple have been confronting for a while now. The SEC sued the San Francisco-based firm a while ago, and the scandal has been ongoing.
It’s true that Ripple saw a recent victory, making $XRP enthusiasts excited.
Earlier reports note that the Wall Street Journal editorial board has something to say about all this as well.
UToday online publication notes that in its op-ed published on Apr. 18, the Wall Street Journal’s editorial board has criticized the SEC for its ad hoc approach to regulating the crypto market.
cryptogazette.com
