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How does Coinbase support the XRP Flare airdrop?

avatarSat SachanDec 25, 2021 · 3 years ago3 answers

Can you explain how Coinbase supports the XRP Flare airdrop? I'm interested in knowing the details of how Coinbase facilitates this airdrop for its users.

How does Coinbase support the XRP Flare airdrop?

3 answers

  • avatarDec 25, 2021 · 3 years ago
    Sure! Coinbase supports the XRP Flare airdrop by taking a snapshot of all XRP balances held on their platform at a specific block height. This snapshot is then used to determine the amount of Flare tokens that each eligible XRP holder will receive. Coinbase will distribute the Flare tokens to its users once they become available. It's important to note that Coinbase's support for the airdrop may be subject to certain conditions and eligibility criteria set by Flare Network.
  • avatarDec 25, 2021 · 3 years ago
    Coinbase supports the XRP Flare airdrop by participating in the airdrop event and ensuring that its users receive the Flare tokens they are entitled to. By taking a snapshot of XRP balances, Coinbase can accurately determine the amount of Flare tokens each user should receive. Once the Flare tokens are distributed by Flare Network, Coinbase will credit the tokens to its users' accounts. It's a great way for Coinbase users to benefit from this airdrop without having to take any additional steps.
  • avatarDec 25, 2021 · 3 years ago
    As a leading cryptocurrency exchange, Coinbase actively supports various airdrops, including the XRP Flare airdrop. Coinbase ensures that its users who hold XRP on the platform during the snapshot period will receive the corresponding amount of Flare tokens. Coinbase's support for airdrops like this demonstrates their commitment to providing value and opportunities to their users. It's worth noting that other exchanges may also support the XRP Flare airdrop, so it's always a good idea to check with your preferred exchange to see if they are participating as well.