{"id":292151,"date":"2023-01-25T12:05:32","date_gmt":"2023-01-25T12:05:32","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=292151"},"modified":"2023-01-25T12:10:27","modified_gmt":"2023-01-25T12:10:27","slug":"celsius-gets-approval-to-airdrop-flare-tokens-to-eligible-accounts","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/celsius-gets-approval-to-airdrop-flare-tokens-to-eligible-accounts\/","title":{"rendered":"Celsius gets approval to airdrop Flare tokens to eligible accounts"},"content":{"rendered":"

The U.S. bankruptcy court has authorized Celsius to distribute Flare token airdrops to eligible account holders.<\/p>\n

Flare Network<\/a> is a Layer-1 protocol that connects decentralized data between chains. The protocol had committed to airdrop Flare native tokens (FLR) to wallets holding at least 1 XRP token as of Dec. 12, 2020.<\/p>\n

The first batch of 4.28 billion FLR tokens was distributed<\/a> to eligible account holders about two years later, on Jan. 9, 2023.<\/p>\n

However, XRP holders on the Celsius platform are yet to receive their allocations due to the crypto lender's ongoing bankruptcy process.<\/p>\n

Following due consideration by bankruptcy Judge Martin Glenn, Celsius has been authorized to credit the Flare tokens to eligible account holders.<\/p>\n

Celsius is expected to credit the due amount of Flare tokens to account holders who held XRP on the platform during the December 2020 XRP snapshot.<\/p>\n

As revealed in the court filing<\/a> on Jan. 24 Celsius will distribute about 150 million FLR tokens directly to eligible creditors.<\/p>\n

According to CryptoSlate data, the Flare token (FLR)<\/a> is trading at $0.043, recording a 0.61% decline in the last 24 hours.<\/p>\n","protected":false},"excerpt":{"rendered":"

The U.S. bankruptcy court has authorized Celsius to distribute Flare token airdrops to eligible account holders. Flare Network is a Layer-1 protocol that connects decentralized data between chains. The protocol had committed to airdrop Flare native tokens (FLR) to wallets holding at least 1 XRP token as of Dec. 12, 2020. The first batch of […]<\/p>\n","protected":false},"author":1378,"featured_media":292176,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[76736],"tags":[],"post_folder":[],"acf":[],"yoast_head":"\nCelsius gets approval to airdrop Flare tokens to eligible accounts<\/title>\n<meta name=\"description\" content=\"Celsius will distribute about 150 million FLR tokens to eligible creditors.\u00a0\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/celsius-gets-approval-to-airdrop-flare-tokens-to-eligible-accounts\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Celsius gets approval to airdrop Flare tokens to eligible accounts\" \/>\n<meta property=\"og:description\" content=\"Celsius will distribute about 150 million FLR tokens to eligible creditors.\u00a0\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/celsius-gets-approval-to-airdrop-flare-tokens-to-eligible-accounts\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2023-01-25T12:05:32+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-01-25T12:10:27+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/01\/image_2023-01-25_163940071.png\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"378\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Christian Nwobodo\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Christian Nwobodo\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/celsius-gets-approval-to-airdrop-flare-tokens-to-eligible-accounts\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/celsius-gets-approval-to-airdrop-flare-tokens-to-eligible-accounts\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/christian-nwobodo\/#person\",\"name\":\"Christian Nwobodo\",\"url\":\"https:\/\/cryptoslate.com\/author\/christian-nwobodo\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/christian-nwobodo\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/christian-nwobodo\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/12\/chriscen-author-300x300.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/12\/chriscen-author-300x300.jpg\",\"caption\":\"Christian Nwobodo\"},\"jobTitle\":\"Journalist\",\"description\":\"Christian is a crypto-curious nerd who loves to investigate how protocols work under the hood. 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