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 information between chains. The protocol had dedicated to airdrop Flare native tokens (FLR) to wallets holding at the least 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 because of the 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 predicted to credit score the due quantity of Flare tokens to account holders who held XRP on the platform throughout 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 response to CryptoSlate information, the Flare token (FLR) is buying and selling at $0.043, recording a 0.61% decline within the final 24 hours.
