OKX to Support Flare (FLR) Airdrop Distribution

·

The OKX exchange is set to support the distribution of Flare Network’s native token, Flare (FLR), as part of a long-anticipated airdrop for XRP holders. Users who held XRP in their accounts at the time of the official snapshot will be eligible to receive FLR tokens directly into their OKX funding accounts—no action required.

This airdrop marks a significant event in the crypto ecosystem, especially for XRP holders who may now benefit from an additional utility-driven token through Flare’s smart contract platform. Below, we break down everything you need to know about the FLR airdrop, eligibility criteria, distribution rules, and how OKX ensures a seamless experience for its users.

📅 Snapshot Details: Who Qualifies?

To qualify for the Flare (FLR) airdrop on OKX, users must have held XRP in eligible accounts at the precise snapshot time:

Snapshot Time: December 12, 2020, 08:00 AM (UTC+8)

This moment was critical—only balances recorded at this exact timestamp were considered. The snapshot covered multiple account types across the OKX platform:

👉 Find out if you're eligible for future token drops with real-time updates and secure holdings on OKX.

It's important to note that pending deposits or withdrawals of XRP at the time of the snapshot were not included in the balance calculation. Only confirmed, settled XRP balances counted toward eligibility.

✅ Eligibility Rules for FLR Distribution

OKX followed strict guidelines aligned with Flare’s official airdrop protocol to ensure fairness and accuracy. Here are the key conditions applied during the snapshot:

  1. Minimum Value Requirement:
    Your net XRP position (excluding open orders) must have had a USD value of at least $1 at the time of the snapshot. Positions below this threshold were excluded.
  2. Leveraged Positions Adjustment:
    For users borrowing XRP in margin or leveraged trading accounts, the system calculated net equity—total owned XRP minus any borrowed amount. Only positive net equity was considered.
  3. Settlement Status:
    Uncredited deposits or ongoing withdrawals did not count—even if initiated before the snapshot—if they weren’t fully processed by 08:00 AM UTC+8.

These rules ensured that only legitimate, verifiable holdings were rewarded, preventing exploitation and maintaining integrity across the distribution process.

🔁 How Much FLR Will You Receive?

According to Flare’s official airdrop formula:

1 XRP = 1.0073 FLR

However, not all FLR tokens were distributed at once. The initial release constituted just 15% of the total allocated airdrop amount per user.

Initial Distribution Formula:

FLR Received = (XRP Balance at Snapshot) × 1.0073 × 15%

For example:

The remaining 85% of eligible FLR tokens will be distributed at a later date, subject to future announcements from the Flare Network team and coordination with OKX.

This phased release helps stabilize network adoption and encourages long-term engagement with the Flare ecosystem.

🔄 What Happened After the Snapshot?

After the snapshot was completed, OKX processed all eligible user data and prepared for token disbursement once Flare launched its mainnet and initiated on-chain distributions.

Once FLR tokens became available on-chain, OKX mirrored the distribution timeline and credited users’ funding accounts automatically—no manual claim or redemption was necessary.

Users could view their received FLR tokens directly under their asset list on the OKX platform. Any future installments will also be handled seamlessly without requiring user intervention.

❗ Important Notes About the FLR Airdrop

  1. Name Change Clarification:
    Previously, Flare referred to its token as Spark (SPRK). However, the project has since rebranded, and the official token name is now Flare (FLR). Be cautious of outdated references online.
  2. Distribution Timing Alignment:
    OKX’s FLR disbursement occurs simultaneously with Flare’s on-chain distribution schedule. There is no delay or提前发放 (early release) by OKX.
  3. No Action Required:
    Unlike some airdrops requiring wallet connections or claims, this distribution was fully automated for qualifying OKX users.

👉 Stay ahead of upcoming crypto events and airdrops with OKX's secure, compliant platform.

🔍 Frequently Asked Questions (FAQ)

Q: Do I need to do anything to receive my FLR tokens?
A: No. If you met the eligibility criteria at the snapshot time, your FLR tokens were automatically credited to your funding account when distributed.

Q: Why did I only receive 15% of my expected FLR?
A: Flare Network implemented a phased distribution model. Only 15% of the total entitlement was released initially; the remaining 85% will be distributed in the future based on Flare’s roadmap.

Q: Can I trade FLR on OKX after receiving it?
A: Yes. Once credited and listed for trading, FLR became available for spot and futures trading on OKX. Check the latest market status on the platform.

Q: I had XRP in my account but didn’t receive FLR—why?
A: Possible reasons include: holding less than $1 worth of XRP at snapshot time, having pending transactions, or borrowing XRP which reduced your net equity below zero.

Q: Is FLR an ERC-20 token or native to Flare’s chain?
A: FLR is the native token of the Flare Network, which uses an EVM-compatible blockchain built on Avalanche consensus principles.

Q: Will there be more airdrops like this in the future?
A: While not guaranteed, platforms like OKX regularly support major network airdrops (e.g., for new L1s or ecosystem launches). Keeping your funds on a compliant exchange increases your chances of qualifying.

🔑 Core Keywords for Search Visibility

To align with search intent and improve discoverability, here are the core keywords naturally integrated throughout this article:

These terms reflect common queries users enter when researching eligibility, distribution mechanics, and post-airdrop actions related to Flare and OKX.

✅ Final Thoughts

The Flare (FLR) airdrop represents one of the most technically complex yet user-friendly distributions in recent crypto history. By partnering with exchanges like OKX, Flare ensured broad accessibility while maintaining compliance and security standards.

Holding assets on regulated platforms such as OKX not only offers protection but also increases participation opportunities in ecosystem rewards like airdrops—without the complexity of self-custody claims.

As blockchain networks continue evolving, staying informed and active on compliant exchanges will remain key to unlocking future decentralized finance (DeFi) incentives.

👉 Maximize your crypto potential with timely access to airdrops, staking, and advanced trading tools on OKX.