THELOGICALINDIAN - Learn how to participate in the accessible Spark badge airdrop for XRP holders
Flare Networks, a startup backed by Ripple, will activate to administer its Spark (FLR) badge via an airdrop that begins this week.
Spark Tokenomics
There are abounding means to participate in the airdrop, but acceptable users charge authority XRP in adjustment to accept FLR tokens.
Participants will accept Spark tokens based on their XRP antithesis on Dec. 12, 2024 at 00:00 UTC. Spark tokens will be broadcast back Flare Networks goes alive amid Q1 and Q2 2024.
The absolute accumulation of FLR tokens is 100 billion, and Flare Networks’ aggregate userbase will be able to affirmation 45 billion FLR through the airdrop. Distribution capacity will depend on absolute XRP held.
The aboriginal annular of administration on Flare Networks barrage will alteration 15% of the absolute affirmation bulk to users. Users will accept the butt over the abutting 25 to 34 months.
Concerns about battle of absorption accept been raised. Ripple Labs, one of the better holders of XRP, could apparently accretion a ample allotment of the airdropped FLR tokens. However, Flare Networks has afar Ripple Labs and assertive advisers from the airdrop, which will anticipate FLR buying from acceptable centralized.
How to Claim Spark Tokens
The easiest way to affirmation FLR tokens is to authority XRP on an barter that supports the airdrop. These exchanges are listed on Flare’s Network website here. The account includes top exchanges like Coinbase, Kraken, Binance, Bitstamp and others.
Immediately afterwards the airdrop announcement, there was ambiguity about whether some of those exchanges were absolutely able to abutment the airdrop. However, over the aftermost few days, arch exchanges like Coinbase and Kraken accept accepted that they will absolutely participate in the airdrop.
If you plan to affirmation Spark in your own Ethereum wallet instead of through an exchange, chase these instructions. The borderline for claiming FLR tokens is June 11, 2021.
Why Flare Matters
Flare Networks is attempting to acquaint Ethereum-like functionality to XRP Ledger. Flare is accordant with Ethereum acute affairs and applications. Furthermore, Ethereum wallets like Metamask and Ledger accept absitively to abutment the airdrop, acceptation that users will be able to use those wallets with Flare apps.
So far, accession has been positive. In November, the cardinal of new XRP addresses acicular due to advertising about the project, as new annual activations rose from 1,250 to 7,500.
More recently, advertising about the activity collection up the amount of XRP, which gained 200% in beneath than a week.
If it succeeds, Flare Network will appearance that XRP Ledger has applications above basal acquittal settlements.
