U.Today - GMO Coin, the cryptocurrency exchange of Japanese giant GMO Internet, has that it will be issuing airdrops of tokens to holders of XRP in Japanese yen. The funds will be delivered by the end of the month.
The Songbird airdrop
Eligible customers for this offer are those who held physical in a GMO Coin account as of 9:00 AM on Saturday, Dec. 2, 2020. This also extends to customers using the company's crypto asset lending services.The amount of the airdrop will be determined based on a snapshot of XRP holdings taken at the same time and converted to yen using a proprietary method.
Although the standard price for the conversion is yet to be announced, has confirmed that even if customers sell or send their XRP after the snapshot, they will still be eligible for the airdrop. The company plans to deliver the funds to qualifying accounts by Sept. 29.