Breaking News: OKX Announces Distribution of Flare Network’s FLR Airdrop and Launch of Spot Trading

OKX gave out the Flare Network token (FLR) to XRP holders on their platform on January 6. Users can check their FLR balances by going to their funding account. 

Keep in mind that it might take a few hours for the FLR tokens to show up in your OKX account. Additionally, the FLR you get based on the XRP held in sub-accounts will be included in the total FLR you receive in your main account.

OKX also announced that they will be listing FLR on their spot trading markets.

Trading timetable

FLR deposits started from 10:00 AM UTC on January 6

FLR/USDT and FLR/USDC spot trading will begin at 04:00 AM UTC on January 10

FLR withdrawals will be possible starting at 04:00 AM UTC on January 11

Name – Flare Network

Ticker – FLR

What is Flare Network(FLR)?

Flare is a layer 1 blockchain that uses the Ethereum Virtual Machine (EVM). It has two core protocols: the State Connector and the Flare Time Series Oracle (FTSO). These protocols allow developers to build a strong, decentralized ecosystem of interoperability applications.

Flare also has the backing of major players in the crypto industry, and its native token, FLR, has the potential for significant appreciation in value. In addition, Flare is the first distributed ledger technology to support the Ethereum Virtual Machine (EVM) that also incorporates a hard fork coordinate (HFC) to enable interoperability with other networks. This allows for the possibility of cross-chain transactions, which can greatly increase the functionality and utility of both Flare and the other networks it is connected to.

Must Read: 12 Things You Need to Know About the Flare Network: The Future of Interoperability and Smart Contracts

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