GateHub has started distributing the first increment of 15% of the FLR public token distribution to its eligible customers with a ratio of 0.1511 FLR for every 1 XRP held at the time of the snapshot on 12 December 2020.
FLR Claim prerequisites
To be able to claim FLR tokens at GateHub, a message key had to be activated for every non-custodial (XRPL) wallet before June 11, 2021. Activating the message key was not required for GateHub-hosted wallets. Our customers can check the claim on explorers (like XRPscan) by entering their XRPL wallet address, or by entering their FLR deposit address on Flare Explorer.
What can I do with Flare on GateHub?
Verified GateHub customers that met the requirements and have received the tokens are able to exchange, send and trade FLR tokens over the XRP Ledger, and deposit and withdraw FLR tokens on the FLR native network. The XRPL decentralized exchange allows you to create trade orders among any currency. The FLR exchange will also be enabled on Hosted wallets, but with a bit of a delay.
More on Flare distribution
The Flare token distribution represents the first 15% of the full public token distribution, with the remainder to be distributed on a monthly basis over 36 months.
Can I wrap my tokens at GateHub?
According to Flare network, the FIP.01 proposal was accepted. Meaning that the remaining public allocation of FLR will be distributed in 36 monthly amounts directly to token holders who have wrapped their FLR into WFLR.
GateHub doesn't plan to offer options to wrap and delegate your FLR tokens, so you will need to choose a Flare-supported wallet provider, send your FLR there, and wrap (for instance use the Flare Portal) and delegate your FLR to FTSO data providers for future distributions and rewards.