The handouts are part of a token airdrop whose snapshot took place in 2020.
Users will receive yen equivalent of 0.1511 SGB for every 1 XRP held as of Dec. 12, 2020.
Songbird is an experimental, blockchain for the Flare Network. Flare, initially aimed to become a decentralized-finance application that used XRP tokens, but gradually made a transition to a layer 1 blockchain. Snapshots of XRP on blockchains and on exchanges was taken on Dec.12, 2020 and holders were meant to receive both Flare’s FLR and SGB airdrops. But Ripple’s court case with the U.S. Securities and Exchange Commission delayed airdrop plans: FLR tokens were distributed to XRP holders afterHowever, due to local laws, holders residing in Japan were deemed “not eligible for this airdrop” by some exchanges.
“Eligible: Customers who held physical Ripple in our company account as of 9:00 on Saturday, December 12, 2020,” a notice reads. “Quantity based on a snapshot of Ripple converted into Japanese yen using our arbitrary method and time.”
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