, 2022-10-20 01:39:00,
The Flare project will airdrop its Spark (FLR) token to eligible XRP holders after nearly two years. The project aims to bring smart contract features to Ripple.
After a nearly two-year-long wait, the Flare project is finally airdropping its Spark (FLR) token to XRP holders. The project released a new distribution schedule recently, saying that the token distribution would take place between Oct. 24 and Nov. 6, depending on discussions with exchanges.
Flare had planned to airdrop the token in the first half of 2021, as stated in its announcement in late 2020. The snapshot of the network itself is from that period, and there are a total of 100 billion Spark tokens.
All those eligible for the airdrop will receive 15% of the claimable spark tokens which have been allocated to them. Following this, the remainder will be handed out over a minimum time frame of 25 months and a maximum of 34 months. That averages to 3% per month.
All those who have held XRP in exchanges that have participated will be eligible for the airdrop. Among the platforms that support the airdrop is Crypto.com. Excluded accounts include Ripple co-founder Jed McCaleb and accounts known to have received XRP as a result of fraud, theft, and scams.
The distribution follows this schedule because the team believes that it will help achieve a successful network launch and “provide strong incentives for network participation that builds utility.” It also says that it provides much larger rewards for…
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