Binance US Distributes FLR to XRP Holders
Binance US, the American subsidiary of the largest cryptocurrency exchange, has confirmed the distribution of FLR tokens to eligible XRP holders. The airdrop ratio is set at 1 XRP = 0.1511 FLR for users with a minimum balance of 10 XRP. If you meet the requirements, you should have received your FLR tokens by now.
Ripple’s Ongoing Lawsuit and Partial Victories
Ripple, the blockchain enterprise behind XRP, is currently facing a lawsuit from the SEC over allegations of conducting an unregistered securities offering. Despite this legal battle that has been ongoing for over three years, Ripple has recently secured three significant partial victories. The final verdict is expected to be announced in spring 2024.
GMO Coin Plans Airdrop for XRP Holders
Japanese cryptocurrency exchange GMO Coin has also announced plans to airdrop Flare tokens and Songbird tokens (SGB) to its XRP holders. Users will receive the yen equivalent of 0.1511 SGB for every 1 XRP held as of December 12, 2020.
Hot Take: Binance US and GMO Coin Deliver on Promised Airdrops
Binance US and GMO Coin have fulfilled their promises of distributing FLR and Songbird tokens to eligible XRP holders. This is good news for users who have been patiently waiting for these airdrops. Despite Ripple’s ongoing lawsuit with the SEC, which seems to be leaning in Ripple’s favor, the crypto community remains optimistic about the future of XRP and its associated projects like FlareNetworks and Songbird.
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