EnglishFrenchItalianPolishRussianSpanish
17.5 Billion XRP Set to Receive Flare Airdrop as Growing Number of Crypto Exchanges Confirm Support | Crypto Elite Int.
Tag:
0

17.5 Billion XRP Set to Receive Flare Airdrop as Growing Number of Crypto Exchanges Confirm Support

Crypto Elite Int. > Blog > Blog > Ripple & XRP > 17.5 Billion XRP Set to Receive Flare Airdrop as Growing Number of Crypto Exchanges Confirm Support

More than 81,500 XRP-holding accounts have been set up to receive a total of 17.5 billion tokens from the Ripple-backed Flare Networks’ upcoming airdrop.
Crypto investors who register their XRP in an eligible account will receive free Spark tokens in a 1:1 ratio when Flare holds the “snapshot” day on December 12th. Recipients will retain ownership of their XRP holdings while receiving the new tokens.

Additionally, an increasing number of exchanges have said they will support the airdrop and distribute Spark governance tokens pro-rata to their customers based on their XRP holdings. Coinbase, one of the last high-profile exchange hold-outs just announced on Saturday it will accommodate the airdrop.

Flare is attempting to expand the utility of XRP by allowing users to run smart contracts on Ripple’s native asset. Investors and traders who hold Spark can also leverage the new token as collateral to redeem assets in Flare’s ecosystem.

Meanwhile, those who self-custody or store their XRP in a non-participating exchange can still snag Spark. In a Coil post, XRPL Labs founder Wietse Wind says that XRP ledger account holders must have a private and key account for Flare. Wind notes that all account holders should prove ownership to be eligible.

Flare has extended the claim windows to June for those who practice self custody.

Disclaimer: Opinions expressed on Crypto-Elite are not investment advice. Investors should do their own researches before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. We do not recommend the buying or selling of any specific cryptocurrency or digital assets as we are not financial advisors.

Please note that Crypto-Eliteparticipates in affiliate marketing programs.

Advertise here

Advertise here

Advertise here

Advertise here

Advertise here

Advertise here

Advertise here

Advertise here

Leave a Reply