8/2/2023 0 Comments Coinbase songbird airdrop![]() ![]() This cookie is set by GDPR Cookie Consent plugin. These cookies ensure basic functionalities and security features of the website, anonymously. Necessary cookies are absolutely essential for the website to function properly. ![]() As earlier reported by Timestabloid, most supporting exchanges disclosed that the FLR airdrop will be distributed to qualified users within two weeks of the FLR Token Distribution Event (TDE). ![]() Notably, while Binance and other exchanges have completed the distribution of the FLR and SGB airdrops to its eligible users, the U.S.-based crypto exchange Coinbase is yet to do so. Related: Ripple CTO David Schwartz: There Is No Remaining FLR Airdrop Balance For XRP Holders Anymore But following the amount of FLR tokens airdropped to eligible XRP holders, several XRP holders including Ripple CTO David Schwartz frowned at the Flare Networks team. The long-anticipated FLR airdrop was finally released on January 12 after two years to several supporting crypto exchanges including Binance and Coinbase to distribute to their qualified users. XRP holders eligible for the SGB airdrop are those who were part of the FLR airdrop snapshot in December 2020. Likewise, the team also announced its plans to airdrop another token Songbird (SGB) to XRP holders in July 2021. In 2020, the Flare Networks team promised FLR airdrop to XRP holders whose balances were recorded at the time of the December 2020 snapshot exercise. The charges leveled against Coinbase include breach of fiduciary duty, intentional misinterpretation fraud, negligent misrepresentation, constructive fraud, conversion, common count, negligence, and violation of unfair competition law among others.ĭallas Woody, an XRP digital token holder, filed this class action lawsuit against Coinbase and its Chief Executive Officer Brian Armstrong on Friday, individually and on behalf of all others similarly situated. The plaintiff charges the exchange for refusing to distribute the issued FLR and SGB airdrops to eligible XRP holders on its platform. Then after the initial 15% distribution, the majority of entities receive the remainder of their allocation smoothly over 36 months.Coinbase, the largest US-based cryptocurrency exchange by 24-hour trading volume, has been hit with a civil lawsuit relating to the Songbird (SGB) and Flare (FLR) airdrops. Notably, the FLR airdrop will be distributed to crypto users who had XRP balances on exchanges and external wallets at the time of the snapshot on December 12, 2020, at 00:00 UTC.Īs shared by “58.3% of the genesis Flare supply is allocated to the community. Coinbase also confirmed to support FLR Tokens to XRP HoldersĪside from Binance and Coinbase, other exchanges that have declared support for the FLR airdrop include Uphold, OKX, KuCoin, Huobi, Gate.io,, Okcoin, MEXC Global, etc. As reported by TheCryptoBasic, the world’s largest cryptocurrency exchange Binance reiterated its commitment to support the upcoming FLR airdrop. Several crypto exchanges have declared support for the upcoming FLR distribution to eligible XRP holders. The Flare team remains confident that the exercise will occur as scheduled. Interestingly, the team scheduled the FLR TDE to be held on January 9, 2023, at 23:59 UTC. The Flare team also postponed the exercise from occurring between October 24, 2022, and November 6, 2022, due to its inability to “attract a good number of validators.” This will then allow us to proceed with the Flare launch….” Philon said. We are upgrading Songbird before the end of March 2022, with the final two protocols required before the Flare launch. “For all those asking where their FLR is. Last year, Flare CEO Hugo Philon noted that FLR’s distribution to XRP holders was stalled due to an upgrade of Songbird, the canary network for the Flare blockchain. However, the team has stalled the FLR airdrop due to some factors linked to the Flare project. Members of the XRP community have been looking forward to the FLR TDE since the snapshot was taken on December 12, 2020, at 00:00 UTC. It is worth mentioning that the FLR Token Distribution Event (TDE) is one of the most anticipated events in the XRP community. The stream will start a few minutes before,” it added. The distribution starts at 23:59 UTC sharp. “Join the Flare team and guests on Twitter tomorrow. “The FLR Token Distribution event is just 24 hours away,” Flare said in an announcement today.įurthermore, Flare also invited enthusiasts of the project to a Twitter Space scheduled for tomorrow. In an announcement on Twitter, the Flare Network team said the FLR airdrop will commence today at 23:59 UTC. The team behind Flare Network has confirmed that the FLR Token Distribution to XRP holders will take place in less than 24 hours. Flare to commence the FLR token distribution in less than 24 hours. ![]()
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