Quick Answer: What is the spark token air drop?

Flare Network will be dropping more than 45 billion Spark tokens, based on the snapshot taken on December 12, 2020. Anyone owning (XRP) tokens and participating in the airdrop up to this point will be able to receive Spark tokens on a 1:n ratio.

What is the spark token airdrop?

The Flare XRP airdrop is a way to distribute tokens and incentivize network usage without doing an ICO. The airdrop is similar to what Uniswap did in November, when they airdropped UNI tokens to every Ethereum address that had ever interacted with the exchange.

How many spark tokens do you need for airdrop?

Flare Unveils Plan To Send 100,000,000,000 Spark Tokens to XRP Holders in Massive Airdrop. Flare Network’s much-anticipated airdrop to XRP holders appears to be set in stone, with a final plan for distribution confirmed.

Who is supporting the spark token airdrop?

A large number of exchanges have announced that they are supporting the $SPARK airdrop, most recently including Coinbase. Others include Binance, Huobi, Kraken, Kucoin and Poloniex.

IMPORTANT:  Can I change my YouTube user ID?

What are spark tokens?

Spark token is the native token of the Flare Network, and there is a maximum supply of 100 billion Spark (FLR) tokens. Flare Network will be dropping 45 billion of these tokens to XRP holders.

What will spark token be worth?

Spark Airdrop Taxes

In simple terms, this means at the time you receive them and you have the ability to transfer, exchange or sell the coin. … However, you don’t get any control over the coin until January 1, 2021. On this date, 1 Spark token is worth $3.

How much are spark tokens worth?

SPK value statistics

Price to USD $ 0.00343
24h volume $ 1.99
Market cap $ 0
Fully diluted market cap $ 0
All-time high (daily avg.) $ 16.58

How many spark tokens will XRP holders receive?

The current circulating supply of XRP is around 45 billion. However, there is a set amount of Spark tokens that will be created — and that figure is 100 billion. This means that with XRP having 45 billion, 45 billion out of a total of 100 billion Sparks will be airdropped to XRP holders — just under half of the tokens.

How do I claim my XRP spark tokens?

How do I claim the Spark token? If you self custody, the method of claiming the Spark token is simply to set the Message Key field on your XRP Ledger address to your Flare address. (This process is detailed below). To claim Spark you must do this by 6 months of the snapshot date.

Is it too late to claim spark tokens?

Your claimable Spark amount depends on your XRP balance on 12th December 2020, 00:00 UTC and you have until 11th June 2021, 23:59 UTC to make your claim. At the end of the claim period, all unclaimed Spark tokens will be burned. … It’s enough to complete the claim process once per XRP account.

IMPORTANT:  Is transaction ID same for all transactions?

Will Coinbase support the spark token?

Yes, Coinbase will facilitate the future airdrop of Spark tokens to eligible Coinbase.com, Pro and Prime customers. … In the event Coinbase does not support these features, any Spark held in your Coinbase account will be available to withdraw only.

Can I buy spark tokens?

SPARKS was founded on 2017-12-22. While Coinsquare does not support this token, it may be purchased on other trading platforms for any major cryptocurrency, like BTC, ETH, and XRP or fiat currency such as Canadian dollar, US dollar, and Euro.

How do I know if my airdrop is flared?

In your Exodus wallet, a) navigate to your XRP wallet, b) click on the three dots in the top right corner, then c) click Spark (FLR) Airdrop. Click on View Flare Spark Private Key. Select Yes, I’m Sure. Please be careful with your private keys!

Is the XRP toolkit safe?

The security of our users’ assets and information is our top priority. The XRP Toolkit team is committed to working with security experts across the globe to stay up to date with the latest security techniques.

What is flare XRP?

Flare is the world’s first Turing complete Federated Byzantine Agreement (FBA) network. It integrates the Ethereum Virtual Machine (EVM) and does not derive safety from a token. On top of this is built a protocol to safely enable the trustless issuance, usage and redemption, of XRP on Flare.