GMO Coin, the cryptocurrency trading arm of GMO Internet, is planning to distribute Songbird ($SGB) tokens to its XRP holders who had tokens on the exchange when the airdrop snapshot was taken.
Interestingly, this airdrop won’t provide SGB tokens directly; instead, it will give out Japanese yen equivalents. Users eligible for the airdrop are those who held XRP on the exchange on December 12, 2020, which was the date of the network snapshot for the $FLR token airdrop.
SGB is the native token of the Songbird network, which is a Canary blockchain for Flare. It plays a crucial role in testing various aspects of the Flare network, including governance changes and new features.
GMO Coin Joins Airdrop of Songbird Tokens to XRP Holders
GMO Coin, a crypto exchange, is participating in the Songbird ($SGB) token airdrop for its XRP holders who had XRP on the platform during the airdrop snapshot.
Users who held XRP at the time of the snapshot will receive 0.1511 SGB for each XRP token they held, converted to Japanese yen. This distribution is expected to take place by September 29. Users who were using GMO Coin’s lending service also qualify for the airdrop.
GMO Coin joins other trading platforms like Kraken, Nexo, KuCoin, OKX, Bitfinex, Bitstamp, Poloniex, and Binance in supporting this airdrop. The initial distribution of the airdropped tokens occurred in January.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
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