XRP holders now have a key date to mark, as Gemini, one of the top U.S. cryptocurrency exchanges, has officially confirmed when it will support the long-awaited airdrop tied to the FLR token distribution. This move aligns Gemini with other exchanges that already processed the Flare Network’s Spark token distribution to eligible XRP holders.

When XRP Holders Can Expect Their FLR Tokens

The pivotal date announced by Gemini is June 20, 2024. On this date, the exchange will begin distributing FLR tokens to users who held XRP during the original Flare Network snapshot, which took place on December 12, 2020. Users eligible for this airdrop needed to hold XRP in their Gemini accounts on that snapshot date to qualify.

This airdrop represents the culmination of a long wait for XRP holders on Gemini, as many other exchanges—including Binance, Coinbase, and Kraken—have already distributed FLR tokens to their users following the project’s launch. Gemini’s confirmation means eligible users will now see their tokens delivered directly into their accounts starting from the newly announced date.

What Is the Flare Network?

Flare Network is a blockchain project designed to bring smart contract functionality to various layer-1 blockchain assets, including XRP, Litecoin, Dogecoin, and others. The distribution of FLR tokens is part of its broad mission to integrate non-Turing complete assets into decentralized finance (DeFi) via compatible smart contracts.

The original airdrop had a lengthy timeline due to legal uncertainties related to XRP and delayed development on Flare’s infrastructure. The FLR tokens serve not only as rewards but also for governance and securing the Flare network through decentralized data provision mechanisms.

A symbolic representation of blockchain-based airdrop distribution technology.

Gemini’s Role and the Timing of the Announcement

Gemini’s entry into the airdrop scene, though later than some of its counterparts, brings relief to users who had held onto their XRP in anticipation. By committing to the June 20 release, Gemini boosts its reputation among the XRP community for honoring delayed token commitments when regulatory and technical hurdles are finally resolved.

For investors and traders closely following Ripple and XRP updates, this airdrop holds not just monetary benefits but also signals growing ecosystem stability. Many XRP holders have long awaited this date due to fluctuating access and eligibility conditions across various platforms.

What XRP Holders Should Do

Gemini advises all users to check their account history and XRP holdings during the original December 2020 snapshot. If their balances qualified, they can expect FLR tokens to appear automatically in their wallets on or soon after the June 20 distribution date. No user action is needed unless stated otherwise.

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To stay informed, users may visit Gemini’s official blog or support pages for the most up-to-date distribution mechanics. The announcement marks a renewed commitment by the exchange to follow through on promised token distributions that were stalled due to past market or legal complications.