The long-awaited Flare (FLR) airdrop has finally reached XRP holders on Binance.US, marking a significant milestone for cryptocurrency investors who have been anticipating this event for nearly three years. The U.S.-based exchange confirmed the successful distribution of FLR tokens to eligible users, bringing renewed attention to the Flare Network and its utility in the broader blockchain ecosystem.
What You Need to Know About the FLR Airdrop
Binance.US officially announced the completion of the Flare token airdrop on October 25, 2023, at 10 a.m. Eastern Time. This distribution rewards users who held at least 10 XRP in their Binance.US accounts during the original snapshot date—December 12, 2020.
“We’re thrilled to announce that Binance.US has completed the long-awaited Flare (FLR) airdrop. Eligible XRP holders can view their FLR balance by visiting their Wallet,” the exchange stated in an official update.
Each qualifying user received FLR tokens at a conversion ratio of 0.1511 FLR per XRP, with 15% of the total claimable amount distributed immediately. While full vesting details were not included in the announcement, early recipients are now able to withdraw their allocated tokens.
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Eligibility Criteria and Distribution Details
To qualify for the airdrop, users needed to meet two primary conditions:
- Hold a minimum of 10 XRP in their Binance.US account
- Be in possession of those XRP tokens at the time of the December 12, 2020 snapshot
This snapshot was part of Flare Network’s broader plan to decentralize its ecosystem by rewarding long-term supporters of the XRP Ledger. The delay between the snapshot and actual distribution—nearly three years—was due to technical development, regulatory considerations, and network launch timelines.
Despite completing the airdrop, Binance.US made it clear that FLR trading and deposit functionalities are not currently supported on the platform.
“Binance.US has yet to determine whether it will support the buying, selling, or trading of FLR on our platform. Supporting this airdrop does not guarantee the listing of FLR on Binance.US.”
This means users must transfer their FLR tokens to another exchange if they wish to trade them.
The Broader Flare Airdrop Rollout
The Binance.US distribution is part of a larger global rollout initiated earlier in 2023. In the first phase, over 4.279 billion FLR tokens were distributed across major exchanges including OKX, Kraken, KuCoin, Upbit, and international Binance.
These platforms were instructed by the Flare Network team to distribute tokens to users who met the same eligibility criteria—holding XRP during the December 2020 snapshot. The staggered release helped manage network congestion and ensured smoother integration across different trading ecosystems.
Flare Network aims to enhance smart contract functionality for blockchains that lack native programmability—like XRP Ledger—by offering a decentralized Ethereum Virtual Machine (EVM) layer built on a proof-of-stake consensus model.
FLR Market Performance Post-Airdrop
Following the Binance.US announcement, Flare’s native token saw a modest uptick in value. At the time of reporting, FLR was trading at $0.0096, reflecting a 3% increase over the previous 24 hours, according to CoinMarketCap data.
However, trading volume showed signs of cooling, dropping by 5.15% to $6.03 million within the same period. This suggests increased holding sentiment among new recipients rather than immediate selling pressure.
While Binance.US does not support FLR trading, multiple other exchanges do—including KuCoin, Gate.io, MEXC, Bybit, Coinbase, OKX, and Kraken—providing ample liquidity for those looking to engage with the asset.
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Why Flare Matters in the Crypto Ecosystem
Flare Network represents a bridge between established but limited blockchains and next-generation decentralized applications (dApps). By enabling EVM compatibility for assets like XRP, Flare unlocks use cases such as:
- Decentralized lending and borrowing
- Yield farming and liquidity provision
- Cross-chain asset wrapping and interoperability
Its native token, FLR, serves dual purposes: securing the network through staking and facilitating governance decisions within the decentralized autonomous organization (DAO).
As more projects prioritize interoperability and scalability, networks like Flare are positioned to play a crucial role in expanding the utility of non-smart-contract blockchains.
Frequently Asked Questions (FAQ)
✅ When did Binance.US distribute the FLR airdrop?
Binance.US completed the FLR airdrop distribution on October 25, 2023, at 10 a.m. ET.
🪙 How many FLR tokens did eligible users receive?
Eligible users received 0.1511 FLR per XRP held at the time of the December 12, 2020 snapshot, with 15% of the total claimable amount distributed initially.
💼 Can I trade FLR on Binance.US?
No. Binance.US currently allows withdrawals of FLR but does not support trading or deposits for the token. Users must move their tokens to another exchange to trade.
🔍 How do I check my FLR balance?
Log into your Binance.US account, go to your Wallet, and look for FLR under your asset list. If you were eligible, the tokens should already be visible.
🌐 Where can I trade FLR?
FLR is available for trading on several major exchanges including KuCoin, Kraken, OKX, Coinbase, Bybit, Gate.io, and MEXC.
⏳ Will more FLR tokens be distributed in the future?
While Binance.US has distributed the initial tranche, Flare Network may implement vesting schedules or future incentives. Users should monitor official Flare announcements for updates.
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Final Thoughts
The completion of the Flare airdrop on Binance.US closes a chapter that began with anticipation back in 2020. For XRP holders, this moment validates long-term belief in ecosystem growth and cross-chain innovation.
While Binance.US remains cautious about full token integration, the wider market continues to embrace FLR as a key player in blockchain interoperability. As decentralized finance evolves, networks like Flare could become essential infrastructure for connecting isolated digital ledgers into a unified web3 economy.
For investors, staying informed about airdrops, eligibility rules, and emerging Layer-1 solutions is more important than ever—not just for potential rewards, but for understanding where value is being built next.
Core Keywords: Flare airdrop, XRP holders, FLR token, Binance.US, crypto airdrop 2025, blockchain interoperability, EVM-compatible network, decentralized finance