Responding to quite a few clients’ requests, we want to inform you that CEX.IO will help the upcoming Spark (SPARK) Airdrop Program for Ripple (XRP) holders. To take part in SPARK token distribution CEX.IO will make a snapshot of all XRP balances on December 12, 2020. We are going to cease the XRP deposits and withdrawals earlier than that, on December 11. Plan your buying and selling exercise accordingly!
📌 Replace on February 3, 2021
Since we’re receiving a whole lot of buyer queries as to SPARK airdrop updates, we’d like to tell you in regards to the present state of issues on this matter.
As for now, we haven’t acquired any information in regards to the date of Spark tokens distribution, or additional plans from the project’s team.
What we’re conscious of is that the venture has modified the token ticker — it’s now FLR as a substitute of the earlier SPARK. There isn’t any information in regards to the market knowledge of Spark (FLR) at coinmarketcap.com because the FRL buying and selling has not began at any platforms but.
Some crypto exchanges launched buying and selling of Spark IOU token (XFLR), which isn’t the identical as really FLR token.
The IOU stands for “I owe you”, it’s a doc that confirms a debt one social gathering owes to a different. In cryptocurrency, an IOU is a token representing the identical worth because the underlying asset. It permits discovering the value fluctuations earlier than the venture mainnet goes stay and offers the precise to obtain tokens as soon as the community launches.
We’d like to emphasise that the itemizing of the Spark (FLR) token on CEX.IO will not be assured. First, we are going to conduct cautious due diligence of the token to examine whether or not it meets our strict listing policy necessities after which decide on the itemizing.
As quickly as we obtain any updates concerning Spark (FLR) airdrop, we’ll inform you moreover on this submit and our social media channels.
ℹ️ About Flare community and Spark (SPARK) token
Flare Networks is a brilliant contract utility fork of Ripple. This consensus protocol will allow superior sensible contracts to run on the XRP Ledger utilizing the Ethereum Digital Machine (EVM).
Spark is the native token of the Flare community. It’s primarily used to manage spam within the community. Different use instances of the token embrace collateral inside functions, a contributor to an oracle, and governance on the Flare community.
🪂 Spark airdrop
To advertise a brand new consensus protocol, 45 billion Spark (FLR) tokens airdrop. On December 12, 2020, a snapshot of all XRP accounts might be taken to resolve what number of tokens every XPR holder will obtain. Later, when the Airdrop happens, the SPARK tokens might be despatched to XRP holders at a ratio of roughly 1:1.
To take part within the tokens distribution, you simply have to to-up your CEX.IO account with some XRP.
⚙️ How CEX.IO will deal with the airdrop
CEX.IO group will deal with the airdrop preparation as follows:
- XRP deposits and withdrawals might be suspended beginning from December 11, 2020, at 10:00 PM (UTC).
- We are going to then take a snapshot of all XRP tokens held by CEX.IO customers on December 12, 2020, at 00:00 AM (UTC).
- An hour after the snapshot we’ll allow deposits and withdrawals again.
- XRP buying and selling on CEX.IO and on CEX.IO Dealer won’t be affected.
As soon as the venture completes the SPARK token distribution CEX.IO will credit score SPARK tokens to all eligible XRP holders. We’ll announce the distribution moreover in our official channels.
We kindly pay your consideration that the help of this airdrop doesn’t assure the itemizing of SPARK at CEX.IO. We are going to topic the SPARK token to our customary itemizing course of assessment. Ought to we resolve to checklist SPARK on CEX.IO, we’ll make an extra announcement.
✅ Get your account prepared
If you wish to take part within the Spark airdrop, be sure to have XRP in your CEX.IO steadiness earlier than we make a snapshot.
When planning your XRP deposits and withdrawals, make sure you depart enough time to finish them earlier than the suspension (December 11, 2020, at 10:00 PM (UTC. XRP tokens which might be pending deposit or withdrawal on the time of the snapshot won’t depend in direction of your XRP steadiness.
When making a snapshot, we are going to think about your Whole XRP steadiness on CEX.IO. It contains your present lively steadiness and people tokens which might be concerned in buying and selling (In orders).
📌 When will Spark tokens be distributed?
The distribution for Spark tokens is at the moment set to occur within the first half of 2021 and that is topic to vary at Flare’s discretion. We’ll talk the distribution date replace after we obtain such data from the venture.
In the meantime, if you want to get free SPARK tokens, be sure that there may be some XRP in your